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Yes Tracarta might well keep the round-number 10M.

Meanwhile the 32M warrants issued yesterday were surely forward-sold in the massive volume on Monday, so they won't be holding us back.

The only query is Spreadex, but they can't have many left now (if any).

Hopefully we'll see true fair value (I would say around 4-5p IMO) in the coming days?

No advice etc

Another after-close RNS, Tracarta sold another 1.5% and are below the 3% threshold so (probably) won't notify again. Looks like they're fully selling out - but they've dumped 5.5% in 3 days so they should be out by Friday at this rate... And then... :-)

It's hard for me to understand how this is below 30p (barely $20m).... It's absolutely ridiculous at 15p IMO

"Near future" suggests no more than 10 days to me anyway

Obsessive trolls > Filter

(stupid LSE interface)

Bunch of warrants issued. Almost certainly already forward-sold in the big volume yesterday. All 'in the price' now - onwards and upwards towards 3p hopefully!

Bunch of warrants exercised. Almost certainly forward-sold in the big vil

It's all about risk reward isn't it. At £1 per share it would be probably weighted to the downside today, pre trial. At 14p per share, a measly £9m cap, it's surely heavily weighted to the upside?

NAI

PS you can see Tracarta's delayed trade at 14:10 today, exactly 15M shares at 2.09p.

Seems odd that Tracarta would sell half their holding today, but sometimes large holders have to take advantage of liquidity or else they're stuck. As someone said, without trawling through historic holdings data it's hard to know how much they paid for them - if it was 1p or so then they may be just acting like PIs do, "sell half and let the other half run for free". Of course it's quite possible that we'll get another TR-1 soon showing that someone else has bought them...

Anyhow it doesn't affect the investment case here IMO, it must surely be worth an absolute minimum of 3p today IMO, and more like 4-5p with major assay results incoming in the next 5-10 days probably.

Just my view NAI

...and about $5m due to land in the coming weeks...

Where does Baron post its investments?

For those who aren't sure where REE's site is, it's in an extinct volcanic crater 40km SE of Moatize, you can clearly see it on Google Maps. Moatize is a town with major coal mines and therefore access to significant power, and also a major railway corridor connecting to the sea which has been rebuilt to modern standards. A much better location than being on the middle of nowhere like some junior miners, and needing huge infrastructure investment.

With the risk of further placings removed for the next 12 months probably, surely fair value here is at least £10M or 3p? Just my view.

Hopefully we will clear out Spreadex today or tomorrow now, and Altona's fair value can start to appear...

Fantastic news today! US cash to flow in to develop the rare earths PFS! Doesn't say how much but other juniors have received around $5M. No need for any significant dilution for 12 months at least?! Plus a strong vote of confidence. And all for £4m...

Yes I thought those 2 x 250k trades were probably Spreadex, no one would normally dump at below bid unless they weren't really interested in the price.

Of course now they're below 3% they don't need to notify again, so we won't know when they've finished, until there's a sudden jump? :-)

That's really positive for Altona!! The US might have now bought most/all of the fluorspar they need for a few years, but what about after that? What about the rest of the Western world which needs supplies not reliant on China? :-)

...albeit they say they crossed the threshold yesterday so the 3M sell must be someone else...

Yes 10M shares could easily be offloaded by Spreadex in the space of a couple of weeks (or less) if volume remains high!