The latest tagline on the company website says "Discovering and Developing Carbonatites" - https://rarex.com.au/
If you want to be taken seriously as a company who says they do a particular thing (in this case, carbonatites), you should be actively going out and claiming anything that looks like or could be a carbonatite, start exploration on it and then go from there. And repeat. And keep going.
People will (financially) support you if you have good exploration prospects (supportable with multiple layers of evidence, not fluff), clear and transparent as possible communication, keep self indulgent "motivational" share giveaways to leadership as close as possible to zero and spending shareholder money in a thoughtful, considered way.
There are a lot of junior exploration companies out there who hold carbonatite prospects in all sort of locations. There's no reason this company shouldn't have around 3-5 actual carbonatite prospects going on a continuous rotational cycle of activity.
This company and its' 4 long serving board members really need to step up their game, lead and show accountability for the share price. Can shareholders be guaranteed that the current Chair and former MD, who also chairs a second company with a former REE carbonatite prospect and chairs a third RE company (Brazil prospect), has no real or perceived conflicts of interest in any decision made?
REE Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
