Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 14,976
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- 20,318
from the earlier hype
Then there's been a thirst for capital, raisings and stumbles and ATO having a look at tax offsets and 'national interest' concerns (Trump ordered the Defense Department to spur production of a range of rare-earth magnets used in military hardware amid concerns China could restrict exports of the products. U.S. Geological Survey scientists have also visited projects in Australia in the past year, including NTU’s Browns Range development. - Jul'19 )and talk of offtakes (Thyssenkrupp - Aug 19) and stumbles and capital raisings and R&D tax offset claims now eligible.
Where are we now? The SP is lurching along. bouncing along the bottom.
"...on 20 April 2020, the Company has entered into a number of subscription agreements with sophisticated investors to raise A$22m at A$0.02. The Company also announced a Share Purchase Plan priced at A$0.02. On 20 April 2020 the Company also announced the rejection by the Treasurer of the A$20m placement to Baogang as originally announced on 15 August 2019 at A$0.062." (lucky for Baogang?)
Buy are they borrowing from Peter to pay Paul?
And now, with some money in the door, there's a notice about Soluna , 50% owned by Lithium Australia (LIT) and 50% Chinese, collaborating with NTU to develop a renewable-energy and battery-storage facility for NTU’s Browns Range mining camp in Western Australia (right now, Browns River operation is on care-and-maintenance 'due to Covid-19').
All seems rather elaborate. Think I'll watch from a distance.
https://www.abc.net.au/news/rural/2017-07-28/dysprosium-focus-of-wa-rare-earth-mine-project/8741416
Then there's been a thirst for capital, raisings and stumbles and ATO having a look at tax offsets and 'national interest' concerns (Trump ordered the Defense Department to spur production of a range of rare-earth magnets used in military hardware amid concerns China could restrict exports of the products. U.S. Geological Survey scientists have also visited projects in Australia in the past year, including NTU’s Browns Range development. - Jul'19 )and talk of offtakes (Thyssenkrupp - Aug 19) and stumbles and capital raisings and R&D tax offset claims now eligible.
Where are we now? The SP is lurching along. bouncing along the bottom.
"...on 20 April 2020, the Company has entered into a number of subscription agreements with sophisticated investors to raise A$22m at A$0.02. The Company also announced a Share Purchase Plan priced at A$0.02. On 20 April 2020 the Company also announced the rejection by the Treasurer of the A$20m placement to Baogang as originally announced on 15 August 2019 at A$0.062." (lucky for Baogang?)
Buy are they borrowing from Peter to pay Paul?
And now, with some money in the door, there's a notice about Soluna , 50% owned by Lithium Australia (LIT) and 50% Chinese, collaborating with NTU to develop a renewable-energy and battery-storage facility for NTU’s Browns Range mining camp in Western Australia (right now, Browns River operation is on care-and-maintenance 'due to Covid-19').
All seems rather elaborate. Think I'll watch from a distance.
