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REE/Strategic Minerals Concentrator, Dec. 7,2012

REE/Strategic Minerals for December 7, 2012...

Lynas has a new Announcement regarding the Malay court proceedings:

http://www.asx.com.au/asxpdf/20121207/pdf/42bswv9wkttdcr.pdf

So, Dec. 19 is the next hearing.

Shares were up A$.005 on the news last night downunder, so I still see support at current levels, if not a rebound.

2 weeks from now we might expect a mild boost back to $.70 or so if the courts can get their act together.

Disclosure: I am long MCP, OTCPK:LYSDY, OTCPK:GWMGF.

Additional disclosure: LYSDY, MCP, GWMGF, ARAFF, GDLNF and many other stocks in this sector.