We also see pro ghouls rocking up from nowhere with tales of doom at rock bottom over and over in the market too.
I own half of the low 7s buys you've seen this week but none of today's buys are mine and there's £60k worth so far - as likely as not that's you/your boss of course.
If it drops a penny or so on a discounted placement - they're as likely to land a govt loan IMO - then so be it, it's no biggy.
With Neodymium doing similar from the current suppressed price on the back of China pulling up the drawbridge (arguably inevitable) then the lowball here, on the mine alone, is c40p.
It's not beyond the realms of possibility that the clean Rare Earths output from recycling could multiply that price with the ducks lining up - I wouldn't be here otherwise.
A £20m mcap is an extremely low starting point for a company with assets like these - the mine PLUS the recycling tech PLUS the EU practically screaming at everyone that it's going to be a/the hot sector over the coming year(s).
All noobs are welcome - great timing for them - I stopped sweating my average on genuine investments a long time ago, 7p, 10p, who cares, if you're in within 30% of the bottom then you're likely to do very well for yourself.