Well done to IPO participants. If I was one which I am not, I'd definitely be looking to free carry at minimum now.
After reading the prospectus a while ago I did not see this going up on debut; certainly not to be valued in the ballpark of a deposit more than 10 times the size with more favourable depth of mineralisation that's a few years more advanced regardless of locational differences. I guess I was wrong. I might have a dabble if this drops below 30c.
Otherwise, good luck to holders here.
IPO - Australian Rare Earths Limited - 25 June 2021 #, page-11
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