We had low volume because no one was selling and most of the longs locked up our shares by doing orders to sell at a price well above the ask. The market makers could not borrow any shares and so they brought the price down to scare the shares out of weak hands.
Looks like we have a N1-43-101 report due out any day now and this is going to run HARD UP!!!!
Full Disclosure - I'm Long and not selling until $15.00
Soon KATX will release an NI 43-101 resource estimate that will include Rare Earth Oxides ("REO") for the first time.
As the extreme tightness in the REE market persists, market prices for REE remain exceptionally strong. Particularly, the uncertainty regarding long-term REE supplies has led to a rush to develop REE resources outside of China.
Simple. Flippers are continuing to bleed out since the oversold pop appears to have run its course, and then the Penny Hennys are running scared after reading the bogey monster stories some are posting so they can attempt to get back in on the cheap.
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