Member Info for Madpunter

Multiplying the lengths by the percentages gives a total of 7542. The total lengths are 179m. Therefore, the percentage is 42.13% for 179m!

MisterPositive - The Tanbreez project mentioned in that article has an unusually high ratio of 27% HREO/TREO. Altona has ratios between 21% and 77% HREO/TREO!!!

You're right, the TVR hasn't changed. I can only assume that since the 27th April no warrant exercising has been notified. Hopefully, they have large orders for the remaining 1.5p and 2p warrants to be exercised and that they won't be notified until the orders are completed.

The RNS states that transactions took place between 27th April 2026 and the 30th May 2026. Therefore, I would assume it is for warrants being exercised, as the Zeus shares didn't start until the 6th May 2026.

The drop in share price is possibly due to warrants being exercised. After recent RNS's the total number of warrants before the Capital Growth Facility was as follows.

40,000,000 1.5p 30/06/2028

15,899,999 2p 28/08/2026

2,512,760 5p 9/06/2026

While the 2p warrants were likely to be exercised before late August, there was no rush on the 1.5p warrants, which don't expire until 30th June 2028.

As warrant holder's were not going to gain from the CGF, they may have decided to cash in early to spite the management. However, if all the 1.5p and 2p warrants are exercised, then £725k will be added to REE's bank balance. If the share price bounces strong after an announcement that all the 1.5p and 2p warrants are gone (strong possibility), then the 5p warrants might come into play. The initial 12,000,000 shares of the CGF, if sold above 5p would then add over £600k (good news on the HREE assays and with no warrant sale drag, a share price of 7.5p average would add £900k). The 5p warrants would add over £125k and REE might not require any other tranches of the CGF, as over £1,643k (£1,943k if 7.5p average price met) would gave been raised.

Https://www.google.com/url?sa=i&source=web&rct=j&url=https://aerospaceglobalnews.com/news/us-f-35-delivered-no-radar-why/&ved=2ahUKEwij8cKc6MiUAxVESEEAHWdGK8wQ1fkOegoIAggACAAIJhAY&opi=89978449&cd&psig=AOvVaw1OPeCb3opw5a9jSRkLQExZ&ust=1779399068752000

I emailed Cedric about the 2 sets of duplicated 4m sells, with a minus sign in front of the two duplicates. This suggests that the sells were cancelled and could amount to spoofing, which is illegal, as it manipulates the market. These possible cancelled trades might have contributed to the drop in the share price. Cedric thanked me for bringing this to his attention and he will look into the possible cancelled trades and take appropriate action.

Spoofing is meant to be illegal. I wonder if Cedric knows about to 2 cancelled 4m trades?

Marco777777 - The two 4m sells showed up this morning again in duplicate with a minus sign in front of the duplicates, which implies that the trades were cancelled.

It's quite possible that Zeus started selling the shares yesterday. MM's are legally allowed to forward sell shares to help create a market by increasing liquidity.

Cyberbub - In the RNS just after the mention of the testing in Poland and Canada, there's 4 paragraphs of comments from Cedric. At the end of the 2nd he states that the results are expected by the end of the 2nd quarter of this year. Therefore, within the next 8 weeks.

Totals RNS 26th March

50,000,000 1.5p expiring 30/06/2028

19,100,000 2p expiring 28/08/2026

2,512,760 5p expiring 9/06/2026

1,000,000 2p sold 10th April RNS

10,000,000 1.5p sold 21st April RNS

666,667 2p sold 21st April RNS

1,533,334 2p sold 24th April RNS

Remaing Warrants

40,000,000 1.5p

15,899,999 2p

2,512,760 5p

There will probably be an RNS next week for more warrent sales in the recent rise on Thursday. Possibly the 3m delayed sale, which I assume would be 2p warrants. The 1.5p warrants have over 2 years left before they expire, so there's no rush to sell. The recent TR1's show 25m 1.5p warrants still held by one shareholder. The 5p warrants will probably sell when the MRE drops and 5p is broken.

F35's having to be fitted with weights instead of radar due the lack of Rare Earth's.

https://www.southfront.press/new-f-35s-come-with-weights-instead-of-real-radars-due-to-ree-shortages/

This article highlights the extreme damage to the West's security and economy from the failed policies of JIT and Net Zero. They have resulted in outsourcing to avoid the use of fossil fuels and due to the environmental costs. This has resulted in China gaining the monopoly in essential Rare Earth Metals and Industrial Metals, and their manufactured components, like batteries and magnets. F35's are having to operate without radar (alongside others with radar) as they can't get the magnets through shortages in Gallium. The constraints on industry, plus the loss of security in arms production has opened the West's eyes at last. Add the energy crisis in the Gulf and the push away from Carbon Zero and EV's will accelerate.

https://x.com/ctindale/status/1997471488514134481?s=20

They can by my shares at that price. It would be instant retirement!

They could be matched trades of the last of the 2p warrants.

5.5m @ 4.299

5.5m @ 4.3

2.5m @ 4.39

2.5m @ 4.4

Tornadotony - On GB News it states that Trump told the G7 that Iran is about to surrender. I sold to ensure a small profit.

If the $200/bbl figure being mooted by some is broken, then at $205/bbl the cash is 5 times as much. 5 x $150-180m = $750- 900m. IMHO it's extremely unlikely to average at this level, but not impossible to peak at this level for a short time.

MistwrPositive - The last RNS stated that a $100/bbl average oil price for 2026 doubles the cash flow. The previous estimates of $150-180m were based upon the PoO at $65/bbl. Therefore, an increase of $35/bbl doubles the cash and $70/bbl increase (average oil price for 2026 of $135/bbl) would treble the cash.