I’m afraid you’ve drunk the kool-aid.Nobody sells a ‘world class...

I’m afraid you’ve drunk the kool-aid.

Nobody sells a ‘world class asset’ for $5M. The CRML listing was largely just a way to allow the original SPAC owners a liquid means to cash out their shares close to $10, whilst trying to find a new means to raise cash from new investors for ongoing corporate activities.

There’s a reason CRML has collapsed -85% since listing. There’s a reason EUR has never ‘caught up’ to the CRML valuation. There’s a reason the ASX are asking hard questions about this apparently ‘world class’ REE deposit.

The market is not wrong on this one.