As said in my previous post, which was hardly rocket science, lots are going on, with only so much detail that can be shared whilst the finer negotiation points are taking place. The previous UK government has been very supportive in the past due to the strategic importance of this product, especially defence. The world generally is becoming extremely unstable, fact. China controls this crucial product chain, as we all know. The UK now has a very pro green new government that will certainly fund this expansion much further and to final completion.
On a side note, it must be gut-wrenching for our 2 resident paid posting clowns to know that their one trick mining company is going nowhere fast. It has been stuck in the same dire rut for a decade or longer. Mining that requires very high hundreds of millions will remain difficult to fund at these current REE prices, unlike recycling.
PS. Impressive margins on the 4 crucial REEs were noted.
IXR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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