Ann: Outcome of Share Purchase Plan, page-5

Still the cheapest and best entry into the Australian rare earths scene.
Not much done on the ground in the March quarter although the delays in drill pad and access track approvals from the department of mines probably not said for a reason.

The reason you buy the 7 cent offer is to 1) put some cash directly into the company and 2) to average down if you can afford to! Why buy on market if you can get 7 cent shares direct from your company. Anyway significant dilution was avoided (this time) but maybe not the next time fundraising happens.

Crazy so many shareholders didn’t support their company’s objectives.

But without some improvement in the sp the next fundraiser will be at 3 cents and with just 3 million in the bank that is again just around the corner. One would have to believe the company has a strategy in mind to substantially raise the sp.

Interesting that American RE just knocked back a $400 million offer for a deposit that is about 6 months advanced on OD6 activities. I don’t think it is as large or as rich as OD6 ground.

Food for thought.

If it can happen a t/o of OD6 can happen fast.