Hey RED I don’t mind being told I am wrong BUT I have been...

Hey RED

I don’t mind being told I am wrong BUT I have been trying to think this Godolphin change of mind through. Initially I thought it was probably not a bad idea, rare earths are much needed in the world in a practical and technical sense where gold is not. Gold to me, is there to protect wealth.

However, having done some research into rare earths (which I understood very little, mind you) I am beginning to think they should have stuck to the gold, which is why I invested in them in the first place.

The “Lachlan Fold” or Lachlan Orogen” as it is often called, is a beautiful undulating area that extends from Queensland down through NSW in Victoria and I think Western Tasmania. I live in the area and the locals complain about open pit gold mines let alone a messy (and I mean messy) rare earth mine which to my mind would be much worse.

Now I would like someone to tell me otherwise. There is no processing and refining plant and not likely to be for years which leaves them with the “Carbonates, Concentrates and Oxides” which will only fetch a fraction of the price, of the refined product.

So why the change? It makes no sense to me!

The “Market Cap” is 10M, it could be bought and privatized by just about anyone.