RE: Huge25 Feb 2026 19:43
I am struggling with Colin’s statement here.
The option was announced on 21st Jan.
The deal was confirmed on 23rd Feb.
The terms of $800,000 and 25 million shares and 2 % NSR, on the 21st of Jan these shares were worth £85,000. On the 23rd of Feb these shares were worth £550,000.
Call $800,000 roughly £600,000, are we really looking at the owner of the worlds 3rd biggest rare earth deposit doing this deal for either well under a million quid if the terms were agreed in January, or just over a million quid? With the shares locked in and a big chunk of the money payable in the future, Plus 2% NSR? It’s laughable that it is the 3rd biggest rare earth deposit in the world.
I am sure the project has great potential but Colin needs to tone it down a bit as either the seller is a muppet or Colin is a genius who has pulled the wool over the sellers eyes. Or not?