the market can't go off premium pricing unfortunately as the only thing that they can go off is by the reports IXR has published. So we all know rare earths can't stay down this low for too long depending on chinas grip on the market but worse case scenario if it stays this low yes that's 16.9m usd but then you need to take off the rest of the companies outgoings that's not included on the recycling tech. They still have a whole office of staff to pay which is very high! You take all of that out and to be honest we are actually lucky to be sitting at a 44mil market cap....
obviously once we see the rare earth market rise in price a bit and shows signs of holding for a while that when we see the share price to move but it looks like all trapped and unwilling to sell at a loss share holders will be stuck at these prices until we are producing in early 2027 and that's IF everything goes to plan...
any type of movement in share price will see sellers wanting to get out which will make it even harder to get the share price higher as management has destroyed everyone share value... going to be a long bumpy ride that's for sure and that's if we even get there if we don't get bought out for pennies
IXR Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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