RE:News release....4/11/23...Disconcerting that there was no interest expressed by Japanese companies at a level that JOGMEC found acceptable for this HRE project. Then a trifling sum paid to get to the 40% ownership level. More an outward act of public confidence by JOGMEC after this set back. Maybe JOGMEC is not interested in supporting NCM to the degree they have Lynas.
Will NCM restructuring in the future lead to a spinoff of the HRE?
Bannerman is in the wings with theiir major NCM holding. Are they holding as an investment in NCM and their HRE for the longer term, or as a chance to combine with their own uranium project to sell out to e.g. a Chinese metals entity (now that would see some market fireworks)?
Time will tell.
I hold
Dyodd.
GLTA - https://twitter.com/EarthsRare