imo, we are bleeding because we made the same misjudgment as...

imo, we are bleeding because we made the same misjudgment as AH

imo, AH got the money in the last capital raising at a very good price

his mistake was to misread the REE market, like us, and not raise more money

but the current capital raising i cannot agree with. it is very dangerous dropping the price to 17 cents when i reckon 25 cents was very possible, particularly considering the very advanced stage of the metallurgical work

raising $10m at 25 cents would have been less dilutive than the current capital raising

i concur this capital is a shocker and has also forced us into taking risk to survive

at i have invested an additional 60% of capital into PEK, which i did not really want to do

regards