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A little flurry of buys: 3x500k in quick fire. Not mine, to be clear. Wonder what this webinar might pop out in terms of info ..

As per above, and with 26p having just been paid for 50k of shares, may I dare ask … is something in the water?

- EP

Good points made, thank you.

In terms of SP, I would expect that once an economic value is placed on the potential reserve, this will drive the price up and keep it there for the foreseeable until at least a plan of action is announced for how to go about extracting it; rather than have the price stick around current levels. Just my opinion though

- EP

That's exactly the kind of sense and mature reasoning I was looking for. Appreciate it, thank you!

- EP

Ha! Who wouldn’t ?!

On a more serious note … whilst nothing in life is guaranteed except taxes and death, what other risks remain here in terms of this investment … as it feels like we are now simply waiting for what is otherwise “already known” to be officially confirmed and an action plan released on how the company will go about extracting it.

Not that I want to jinx it, but what might yet go wrong (within the reasonable measure of scenarios) that could jeopardise the expected positive news and SP rise?

Just wondering as to whether I try and convince my partner to throw in the kitchen sink here; or stick with our already decent position.

Appreciate any insight

- EP

Assuming the $ is USD, so currently about £300M … which is circa 40p based on current no. of shares.

Just a small 32 fold increase from current levels, nothing to see here! ;-)

- EP

I don’t disagree with any of that!

But for the sake of my own clarity and understanding, whilst this is not the team that we invested in (or received shares against as part of being invested in Ferrex / Keras), the shares themselves are still valid and in existence, yes?

This is what confused me about the comment “reborn without our shares”.

Even if the company is currently not operating on the market whilst it has a rebirth of sorts …

Apologies if I have misinterpreted something! I had a very interrupted night of sleep.

Thanks

- EP

‘Reborn without “our” shares’

Could you clarify your comment? Not trying to be thick … thank you!

- EP

Some reading around using ISR for uranium, which is analogous to what they are looking at doing here with the REE’s

Glad to see useful posts and positivity! Long may it continue

- EP

https://world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/in-situ-leach-mining-of-uranium

https://www-pub.iaea.org/MTCD/publications/PDF/P1741_web.pdf

https://geoinfo.nmt.edu/staff/mclemore/teaching/uranium/documents/CH007.pdf

On 22/10, Scaffman and I were talking circa 100M tonnes/annum.

How do you find the 450M please? Would be nice to be corrected by a factor of 4!! :-D

Thanks

- EP

Going back to the Q&A with the board from a couple of weeks ago, see extract from my post at the time.

Bullet number 1. has now been delivered, as I understand it. And number 4 was referenced in terms of improved optimisation.

“Regarding newsworthy events to come, I have the following:

1. Final bench scale ISR recoveries

2. Scale definition in resource drill out

3. Definition of high grades

4. Recovery improvement through bench scale optimisation

5. Production of an "In-Spec" saleable Mixed rare earth carbonate from our bench scale study.

6. Infield validation of permeability

7. Resource definition

8. Scoping study economics”

Onwards and upwards.

I do wonder, for my own sanity more than anything, what the potential economic value of this could be (to help justify the “money where your mouth is” approach) and whether we are looking at £20M/£50M/£100M/£200M/more … recognising that LSE has the current valuation of the company at circa £9M. At least we are funded through to the economic scoping!

GLA - EP

Well done team!

- EP

And a few more yesterday afternoon

2x RNS and some larger than usual buys today! Good to see

- EP

Might I be nosy … what is the advantage of logging onto their website? Is this for the non-RNS news, or something else?

Thank you!

… next news update in the works?

Would love to be able to top up more. Well done to you both on being able to do so!

GLA - EP

Will it just be the physical presentation (pdf / ppt) or will a recording be made available also, does anyone know?

Thank you

- EP

I will default to the majority then and pick up my mood :) thanks both. Have a good day

- EP

Only new snippet I gleaned was the targeted completion of pre-clinical 1801 studies by mid 2025 ready for P2 … it begs the question then “why have the HNWI and II put in more money at this time”? And does this mean we hibernate for another 7 months?

- EP

Seems a fairly arbitrary value to raise, and not very large either.

Is this to allow the new gent in prior to some exciting, SP raising news in the near future?

In the meantime, the SP drifts … when is the 10p+ party please?

GLA - EP