This seems crazy.
The company has done two capital raises in the last 6 months and now is spending over 20% of their capital for a 12% stake in a company that helps develops refineries. All of this is before they have actually proved the economic feasibility behind any of their deposits.
I am not sure what good, access to a potential future refinery is if you don't have an economic resource. The timeline for this just doesn't stack up.
Ann: RareX purchases option to acquire interest in CREC, page-12
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Last
1.4¢ |
Change
0.001(3.70%) |
Mkt cap ! $10.66M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $2.337K | 176.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4585357 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 231590 | 4 |
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| Last trade - 11.13am 04/07/2024 (20 minute delay) ? |
| REE (ASX) Chart |