RE: Shareholder presentation30 Aug 2023 01:49
The 'Art of Down-ramping' or how to instill FUD of your competitors:
1) Raise issues that have little or no relevance or basis in FACT
2) Repeat regularly till disproved, then wait a few months before recommencing
3) Ignore any queries as to your motives or legitimate responses to your Lies
4) If the responses get to Hot, change your Alias or even post under several others
5) It does not matter if your Posts are total fabrications, it takes the opposition time and effort to disprove your Lies and in the mean time any readers who have no knowledge of the subject become cautious.
The list goes on,
Now, Dumbo's latest Doubt raised ie "No Magnet Manufacturers in the UK", 1) Certainly is not based on FACT, for starters LCM have been making Magnet metals at their facility in Ellesmere for years therefore it is a down right Lie !
The FACT that the UK does not yet have a mature Magnet Industry is purely a Chicken & Egg conundrum, British Industry certainly has a capacity and need for Magnets, TATA, Dyson, YASA and a host of small Electric motor manufacturers all have to source their magnets from overseas because LCM do not have sufficient capacity.
The FACT that the UK does not mine Rare Earths does not prevent it from developing the Downstream processing capacity ~ after all we refine/produce/use: Steel, Copper, Gold, Uranium and many other commercially sought after commodities without any substantial mining in the UK. Saltend like British Steel, will become just another link in the supply chain to British Industry.
Lastly lets question Dumbo's motives and allegiances ? He purports to back Rainbow Rare Earths, A supposedly British Company that has so far managed to upset the Government of Burundi so much that they have had to close down their Flag Ship mine there, moved to South Africa where they are stuffing around with somebody else's technology trying to extract RE's from a Toxic Waste dump while totally ignoring the FACT that SA is currently in bed with Putin ! Mata Hari and Lord Haw Haw had more moral backbone than Dumbo !
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