RE:RE:RE:RE:RE:.003No idea why you would hold a stock like this for 12 years, simply stupid, Iluka was selling monazite to Solvay mid 90's when they realised no one would win the race to the required scale vs Chinese so they buried the resource at Eneabba then carried it as a negative value on the balance sheet for 12 years!!!
We've watched the scale of supply evolve & mature from afar last decade, now we're watching the scale of demand follow on cue, just not our queue. Iluka, and others, are responding accordingly.
Been aware since 2015, met Don Lay at Metal Events 2016 and kept in touch, took $100K placement in 2018 and just exercised the warrants, plus a decent chunk of last years placement, so this is NOT a blind stab in the dark, but it has definitely evolved, Mark Saxon has definitely landed in the right place at the right time. Anyone looking for these things would have seen a massive amount of activity building around monazite > RE, in & out of China, Shenghe alone has 500ktpa processing capacity.