"im just guessing but they would have done their DD and that would have taken some time"... couldn't agree with you more @batboy... I always wondered why ARR took off like a rabbit 3 weeks after the met breakthrough (the only potentially game changer in a well known large, low grade deposit). MRE update like all such iterative reports can be released whenever it suits management, and it looks to me like it suited management very much to run around with some juicy rumour like 'looking at doing a big deal with well funded SPAC to list on NASDAQ' in conjunction with the met, MRE dog and pony show...
In the end the SPAC had nothing of value to offer really, but price pumped, CR bedded down and plenty of sizzle in TO talk... hat tip management!
Spotlight on American Rare Earths, page-3903
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