On the plus side, at least we are going to be doing things...

On the plus side, at least we are going to be doing things properly this time. SP not going to be good tomorrow I suggest... Long term bag holders will probably be rewarded as management step through the process.

$45M from Lionhead and slowing of the capex probably means we are good for cash (was doing ~-$5M a year previously).

Hopefully get some cash flow from "Vital to produce an intermediate rare earths oxide product for potential sale to third
parties until REEtec’s facility is completed in late 2024" as well.

Might top up if this really plummets tomorrow tbh. But the more I think about it, the more I like that there is clearly a concerted effort to turn this company around. Come the end of 2023 this will easily be worth more than it is today from this announcement as the REE value is still there in a great jurisdiction.