HAS just raised nigh on 10 mill bucks at 20 pct premium to market for its REEs project and expects to be in initial production early 2018. SPX reputedly had the best REEs project in Oz but managed to give it away for zilch. Guess thats a sign of final capitulation in REEs sector which will later be seen as the lows from which REEs will begin their next rise. But what will SPX be doing ? A curiosity like so many others.
SPX Price at posting:
0.6¢ Sentiment: None Disclosure: Held