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.
This seems crazy. The company has done two capital raises in the...
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $10.22K | 735.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 630000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2788480 | 8 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| REE (ASX) Chart |