What can they lose, trading all time lows with a resource of low grade rare earths and fertiliser, they have little cash remaining. It’s good to see some hints of a new approach, still, only words for now.
Durrant mentioned February would include seeking new funds, my guess is that sophs will be reading a similar letter very shortly with a pitch to invest into REE, they’ll likely receive the typical discount and options.
Something certainly needs to happen though.
REE Price at posting:
1.9¢ Sentiment: None Disclosure: Held
