After this episode one has to question management's ability to successfully run the company, other than into the ground.
It's about time they realise there's not always a pot of gold at the end of the rainbow, so I suggest they start focusing on the Koolya project kaolin/halloysite (HPA feedstock).
A recent market update claimed the "High Purity Alumina (HPA) market is experiencing rapid growth, driven by demand from industries like electronics, LED lighting, and electric vehicles. The market is projected to reach a significant value by 2030, with a substantial CAGR. HPA's high purity and unique properties make it valuable for applications requiring high performance and reliability, such as in lithium-ion batteries."
LNR Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)