Do we really want an announcement now? Am sure you have observed how the market has been past month. It’s been dog shit. No reward for the shareholder in general terms. Unless buying of course!!
Honestly, I doubt any big REE announcement would have much of effect on MRD’s SP right now. Market sentiment is just poor.
Can they communicate better? Possibly. But as I mentioned before… there is a fine line between declaring IAC hosted REE to everyone and then disappointing shareholders later. MRD are following due process and are carrying out exactly what they said they would do. Asset will take care of itself if we have the goods. And will be much larger than our neighbours too!!
A good month to forget this one and not pay too much attention to your screen. EFY to be factored in later also.
Things should pick up again after June imo and hopefully MRD gets a well deserved re rate on the back of good news.
Happy to wait longer here….
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