Seems like the selling might have dried up for now and a few buyers returning. This last leg down from approx 50c has only been on gross traded volume of approx 5% of issued shares, so net sellers you wouldn't expect to amount to much. Not necessarily any comfort if the market continues to cr*p itself, but interesting nonetheless.
You read that announcement from earlier in the week again (ignoring recent price action) and I think it was potentially a very significant announcement, potentially the most significant to date for REE/Kaolin prospects. Showing good grades, at depth from the surface over a pretty big area. If we get some more favourable met results and the balance of drill results are similar we have a potentially major project on our hands. We should know a lot of these answers within a month or two, along with the completion of the ANZAPLAN works for graphite.
Like the graphite, we have only drilled a small percentage of our tenements, so would have to think there is a good possibility there are other similar set ups. Plenty more drilling to be done, but being relatively shallow into clay in accessible areas doesn't cost that much, so unlikely there will be any requirement to raise capital in this environment unless it's to do something very positive.
So potentially an interesting few months anyway!
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