Oct. 27 at 4:23 PM
$AREC Company Fundamentals for AREC are like 50x worse than 2020 really makes no sense for stock to be up here.
2020: AREC had multiple operating met coal mines making
$30M per year rev and turning a small profit whilst owning 100% of the future ReElement technology/company
2025: AREC has
$0 revenue and losses about
$8M per year in operational costs and only owns 19% of Relement.
Simply trading on REE hype and way overvalued versus ReElement IPO price coming soon (I hope). It’s only asset being 19% of ReElement should out this around
$150M market cap.
ReElement might be a great company but atm makes very little money and hasn’t scaled operations