Tax time run down makes sense to me. Don't see this share bouncing back before 30 June so may as well use it as CGT offset.
Disappointing train of events as I think this is a good project - large low cost REE deposit that's "not Chinese". However naive management taking on a MoU with Chinalco then delaying the SS and then disappointing has spooked many. The whole point of the 2021 REE boom was projects that weren't Chinese were wanted by USA/European REE buyers. Signing a MoU thats really worth nothing more than the price of the paper its signed on was really stupid as it offers nothing tangible. Even an offtake MoU with a China partner is likely to get reneged. The cheap options being exercised also don't help. Might be a good stock to buy in for a LTH when it bottoms out but chalk this one up to experience.
IXR Charting & T/A, page-519
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $38.95M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $53.85K | 6.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59155 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 5884287 | 12 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IXR (ASX) Chart |