Dateline Resources Limited Closing Price: 14.5c Market Capitalisation: $415m Shares on Issue: Circa 1.45B Cash at bank - circa $2.3m at last Ann although options have been exercised since.
A hypersonic move based on a nearology play to Big American mine - Mountain Pass and a new vigour of interest from Mr. Donald Trump in disrupting America’s’ REE deposits. The company has also flagged a dual listing in the US. Datelines flagship Mine - Colosseum has a non defined resource, drill bit just hitting the ground and reports coming out of the US suggest the REE at Datelines Colosseum Mine are far less distinguishable and less notable than that at Mountain Pass. Likely late to end of year before full resource estimates are realised.
With an EV of over $400m, looks over valued to me personally for where they are currently at. Am expecting this to correct near term. US trading has also tanked from a high of US20c recently to close overnight at US8.6c.
(Been a while, so hopefully this is posted within the scope of the rules of the comp.)
