This is EXACTLY what RareX needed to do.
A new project = new drilling opportunities + new investor interest (on what was a stale share registry)
PLUS
A $1.5M CR completed without any discount to closing price (including some to Directors AND 39% to new investors), which is not something you see very often at this small cap end of town.
PLUS
A planned investor webinar next week, which further supports investor interest and is likely to provide a more in-depth action plan moving forward.
Thankfully Jeremy isn't running this day to day anymore, as I'm personally a lot more positive with James at the helm.
Let's see how this plays out, it's an easy hold for me given today's circa $15M market cap.
Ann: RareX acquires district-scale niobium project - East Yilgarn, page-3
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1.3¢ |
Change
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Mkt cap ! $10.27M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $23.24K | 1.705M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3434698 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 116435 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| REE (ASX) Chart |