REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
What's need is a first successful application with a real user so that other potential customers can see how little real estate is occupied and ask "What about when it's cloudy?". The answer is "What fuel do you have available? We automatically start generating on that, so there's no intermittent generation issue".
Then, of course, they start getting all technical with the "greener" aspects, no oil, 5 9's reliability, 80K hours between rebuilds, available Factory Protection Plan to have fixed cost TCO known in advance, ...
The real estate and what I think would be eco-damage to the desert is why I'm against the AZ projects. Even deserts have an ecology.
As detailed here, www.marketwire.com/pre..., a negative result was announced at 10:30 this morning on the Deep Sands project which will cause the project to be put on the back burner.
PPS dropped to $0.849 so far while the high for the day had been$0.892.
Well, let's see how strong the technicals are today.
REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
(GWMGF): Great Western Minerals Group Ltd.: Deep Sands Project Exploration Results and Update
"... based on the results of an extensive drilling and sampling program, and in consideration of the attention required for GWMG's more advanced projects, the Company does not plan to undertake additional exploration work on the Deep Sands project at this time.
The Snake Valley and adjacent Deep Creek Mountains of west-central Utah host an extensive area of low-grade rare earth (monazite) and iron (magnetite) enriched mineral sands. Given the low relative grades encountered in the original sampling, a model for an economically viable deposit was developed. The target was an open pit, low-grade iron deposit (grade 10% Fe2O3) from which REE-bearing minerals such as monazite and xenotime might be recovered as a by-product. "
(GWMGF): I started writing this well before the close 3/30/11, so please be tolerant of any temporal anomalies you may observe.
I'm becoming cautiously optimistic that $0.83 will hold, in fact may not be touched before we see $0.93 again.
The day I commented that I was afraid it wouldn't, due to the range and volume on 3/28, it bottomed at $0.84. This is a prior support point. But I gave it no credence at the time because of the rise in volume on a move down and the large range that day.
The next day, 3/29, it opened higher ($0.876), closed higher at $0.88, both above the open. The low was $0.8540, higher than 3/28 low. So, we had higher low and high.
But it did all this on falling volume, so I still couldn't trust it.
Now today we see that pattern repeated. Higher open, low, high and close with even lower volume.
On top of all that, the price has not penetrated the long-term rising support originated on12/27/10 at $0.40. But that had only one touch point, the low of 2/23 until ... 3/28 when it was at $0.8396, as close as I can tell, and the low stopped at $0.84. So we have another touch point @ $0.84 from the low of that day.
This lends some credence to that rising support. And today my best estimate of the trend support is $0.856 and pps has started to pull away from it, making a low of $0.8684. So we have another touch point. Is there apparent support for moving up?
Maybe. Today, we have a higher open again, $0.902, a higher high, $0.92, a low so far of $0.8684. Well, that seems positive.
And something new has occurred - it acts as if the 50 day SMA is providing support and is rising. On 3/28 the 50 day SMA was $0.869 and on 3/29 it was $0.8742 and (as EOD ended up) 3/30 had a value of $0.8792. We broke below that level each of these days, intra-day, but only closed below it on the scary day, 3/28.
But again, all on very low, and declining volume.
So, what can we envision?
The lower volume is both a warning and encouragement. Lower volume on rising prices are generally not good. But it's also a harbinger of a change coming and being in a period of consolidation. It also implies a very large amount of pent up energy just waiting to break out one way or the other.
What's my best guess, and I emphasize guess here, about the near-term future action?
A little sideways trading with a slight upward bias as all the moving averages continue to rise, the trend support continues to rise, the Bollinger bands continue to converge. At some point an attempt to move towards $0.83 will be made, but will fail. There's too many support points under the price now for it to get to $0.83 again … unless there's either a catalyst or a general REE sector market move downward. Technical traders of every bent will see too many indicators that say buy, due to these rising indicators.
10, 20, 50 day SMAs EOD 3/30 $0.8492, $0.8369, $0.8792. Trend support, today, $0.8633, AFAICT. PSAR, bullish. RSI, 3/30 EOD, a little better than neutral and flat @ 75.633 Momentum and OBV, 3/30 EOD neutral and stochastic seems to have bottomed above over sold and is curling up, as is ADX, DI+ and DI- is falling.
Then, as we approach $0.93, that pent-up energy will be released as a move up rapidly.
REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
Takes too much land for me to love it. I prefer this Isreali startup that happens to be using a (CPST) turbine that can provide 24x7 power if a suitable fuel is available for generation when the sun goes down.
Alternately, a suitable power storage system, maybe (AXPW), mated with the system could almost eliminate the use of fossil fuel.
Got to expect on a highly volatile stock with a *big* run up. Folks are going to say "I have big profits in hand, report might be bad - SELL and take profits".
If report is decent tomorrow, should come right back.
We already know they've got a good sized conventional battery order in hand for the Gen 1 line, so projected revenues should carry it up after the report.
I know, hope is not a strategy. But I've made some on it each time so far, why should it behave differently now? >:-),
HardToLove
P.S. Just moved back above the support line - remember that? :-)
(AXPW): Sold all positions at $1.17 this A.M, just bought back in & doubled up at $1.04.
Still small positions, 2K, 2K. Trades went off at 15:07.
If it goes below $1, I'll add more.
HardToLove
P.S. Caved and put in another double at $1, after looking at my support line. have 4K, 4K, 500 now all at the same or less than my original position from last week + small profit in hand. :-))
REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
Then, of course, they start getting all technical with the "greener" aspects, no oil, 5 9's reliability, 80K hours between rebuilds, available Factory Protection Plan to have fixed cost TCO known in advance, ...
The real estate and what I think would be eco-damage to the desert is why I'm against the AZ projects. Even deserts have an ecology.
HardToLove
QuickChat #163, March 31, 2011 [View instapost]
Right NBBO *presented* bid/ask 2:1 $1.02/$1.05, trade $1.03.
HardToLove
(GWMGF): A short-term technical look [View instapost]
As detailed here, www.marketwire.com/pre..., a negative result was announced at 10:30 this morning on the Deep Sands project which will cause the project to be put on the back burner.
PPS dropped to $0.849 so far while the high for the day had been$0.892.
Well, let's see how strong the technicals are today.
HardToLove
REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
"... based on the results of an extensive drilling and sampling program, and in consideration of the attention required for GWMG's more advanced projects, the Company does not plan to undertake additional exploration work on the Deep Sands project at this time.
The Snake Valley and adjacent Deep Creek Mountains of west-central Utah host an extensive area of low-grade rare earth (monazite) and iron (magnetite) enriched mineral sands. Given the low relative grades encountered in the original sampling, a model for an economically viable deposit was developed. The target was an open pit, low-grade iron deposit (grade 10% Fe2O3) from which REE-bearing minerals such as monazite and xenotime might be recovered as a by-product. "
More here.
www.marketwire.com/pre...
HardToLove
QuickChat #163, March 31, 2011 [View instapost]
Support s/b $0.95, but I expect it to come back into trend. Why? I don't know.
HardToLove
(GWMGF): A short-term technical look [View instapost]
I'm becoming cautiously optimistic that $0.83 will hold, in fact may not be touched before we see $0.93 again.
The day I commented that I was afraid it wouldn't, due to the range and volume on 3/28, it bottomed at $0.84. This is a prior support point. But I gave it no credence at the time because of the rise in volume on a move down and the large range that day.
The next day, 3/29, it opened higher ($0.876), closed higher at $0.88, both above the open. The low was $0.8540, higher than 3/28 low. So, we had higher low and high.
But it did all this on falling volume, so I still couldn't trust it.
Now today we see that pattern repeated. Higher open, low, high and close with even lower volume.
On top of all that, the price has not penetrated the long-term rising support originated on12/27/10 at $0.40. But that had only one touch point, the low of 2/23 until ... 3/28 when it was at $0.8396, as close as I can tell, and the low stopped at $0.84. So we have another touch point @ $0.84 from the low of that day.
This lends some credence to that rising support. And today my best estimate of the trend support is $0.856 and pps has started to pull away from it, making a low of $0.8684. So we have another touch point. Is there apparent support for moving up?
Maybe. Today, we have a higher open again, $0.902, a higher high, $0.92, a low so far of $0.8684. Well, that seems positive.
And something new has occurred - it acts as if the 50 day SMA is providing support and is rising. On 3/28 the 50 day SMA was $0.869 and on 3/29 it was $0.8742 and (as EOD ended up) 3/30 had a value of $0.8792. We broke below that level each of these days, intra-day, but only closed below it on the scary day, 3/28.
But again, all on very low, and declining volume.
So, what can we envision?
The lower volume is both a warning and encouragement. Lower volume on rising prices are generally not good. But it's also a harbinger of a change coming and being in a period of consolidation. It also implies a very large amount of pent up energy just waiting to break out one way or the other.
What's my best guess, and I emphasize guess here, about the near-term future action?
A little sideways trading with a slight upward bias as all the moving averages continue to rise, the trend support continues to rise, the Bollinger bands continue to converge. At some point an attempt to move towards $0.83 will be made, but will fail. There's too many support points under the price now for it to get to $0.83 again … unless there's either a catalyst or a general REE sector market move downward. Technical traders of every bent will see too many indicators that say buy, due to these rising indicators.
10, 20, 50 day SMAs EOD 3/30 $0.8492, $0.8369, $0.8792.
Trend support, today, $0.8633, AFAICT.
PSAR, bullish.
RSI, 3/30 EOD, a little better than neutral and flat @ 75.633
Momentum and OBV, 3/30 EOD neutral and stochastic seems to have bottomed above over sold and is curling up, as is ADX, DI+ and DI- is falling.
Then, as we approach $0.93, that pent-up energy will be released as a move up rapidly.
MHO
HardToLove
QuickChat #162, March 28, 2011 [View instapost]
seekingalpha.com/artic...
hardToLove
REE/Strategic Minerals Concentrator, March 29, 2011 [View instapost]
Alternately, a suitable power storage system, maybe (AXPW), mated with the system could almost eliminate the use of fossil fuel.
www.heliofocus.com/cat...
How long until it comes to fruition, if ever, is difficult to say though.
But less land = less ecological disruption of local flora and fauna = a good thing.
HardToLove
Swine Flu News Concentrator March 22, 2011 to May 12, 2011 [View instapost]
If the author is right, there may now be some upside coming. But I wouldn't want to guess at the time-frame.
Be sure and read the comments too.
seekingalpha.com/artic...
HardToLove
QuickChat #162, March 28, 2011 [View instapost]
HardToLove
QuickChat #162, March 28, 2011 [View instapost]
HardToLove
QuickChat #162, March 28, 2011 [View instapost]
Someone remind me not to use the phrase "looking toppy" again! ;-))
HardToLove
QuickChat #162, March 28, 2011 [View instapost]
If report is decent tomorrow, should come right back.
We already know they've got a good sized conventional battery order in hand for the Gen 1 line, so projected revenues should carry it up after the report.
I know, hope is not a strategy. But I've made some on it each time so far, why should it behave differently now? >:-),
HardToLove
P.S. Just moved back above the support line - remember that? :-)
QuickChat #162, March 28, 2011 [View instapost]
Still small positions, 2K, 2K. Trades went off at 15:07.
If it goes below $1, I'll add more.
HardToLove
P.S. Caved and put in another double at $1, after looking at my support line. have 4K, 4K, 500 now all at the same or less than my original position from last week + small profit in hand. :-))
(GWMGF): A short-term technical look [View instapost]
Saw you post over there - that's a great target to have in sight.
HardToLove