REE 6.25% 1.5¢ rarex limited

CLY; I have a few of these tucked away in a bottom draw & not...

  1. 4,182 Posts.
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    CLY; I have a few of these tucked away in a bottom draw & not really sure of status. Can anyone update status particularly with refe to teh following;


    -Consolidation; understand it was approx. 25;1. Have s/h been informed yet?  Worth noting it last traded at $0.001 so 25;1 gives a potential price of 2.5c

    -I note Clancy Exploration Deferred Settlement (CLYDA); is now trading; I assume that’s our new share descriptor until a certain date???  On Friday CLYDA traded up 3.1c (155%)  to 5.1c

    -The new name is to be Sagon Resources Ltd; when does the change happen?
    Note from the CLY website http://www.clancyexploration.com/investor-centre/ Sagon Resources Ltd (formerly ‘Clancy Exploration Ltd’ (ASX:CLY) (“the Company” is pleased to advise that it has successfully completed due diligence in relation to RareX Pty Ltd (“RareX” and the Cummins Range Rare Earths Project (“Cummins Range” or “the Project”.

    -Cly announced the option to  purchase RareX Pty Ltd (“RareX” and the Cummins Range on 2/8/19.

    -All seems very strange that the co hardly trades for 6 mths; hangs around $0.001, a slight flurry with trading halt, consolidation, option to purchase and price goes up 155%. Anyone add to the story?  Where is the status described by the Company?

    Reinforces that the ASX is a plaything for those in the know.
 
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Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $10.25M
Open High Low Value Volume
1.5¢ 1.5¢ 1.5¢ $2.175K 145K

Buyers (Bids)

No. Vol. Price($)
3 943883 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 587403 4
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Last trade - 11.01am 14/05/2024 (20 minute delay) ?
Last
1.5¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
1.5¢ 1.5¢ 1.5¢ 85000
Last updated 13.25pm 14/05/2024 ?
REE (ASX) Chart
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