Seeking Alpha

tripleblack's  Instablog

tripleblack
Send Message
Let's see, Veteran (Vietnam era), Commercial Artist, picture framer, industrial engineer & corporate executive (once upon a time), small business owner and operator, Ayn Rand fan, Libertarian (and no, its not a synonym for "Republican" or "Conservative"), and history... More
My company:
Stan Bruns Illustrations
  • REE/Strategic Minerals Concentrator, April 19, 2011 143 comments
    Apr 19, 2011 8:31 AM

    I think we are finally seeing the markets break loose from their pegs...

    It may be that we are finally going to get serious about testing the macro-economic environment.  Threats to downgrade American Treasuries - Federal kibuki players suddenly experiencing wardrobe malfunctions mid-play - inflation problems and currency wars moving from the shadows into the headlines - and the band plays on...

    Overall I still very much believe in my long-standing opinion that fiat currencies will continue chasing each other into the black hole of runaway government spending whose gravity pulls us all on the wild circuit of the downward spiral.  Mixed with the tattered remnants of free markets here and there, the result at any given time is chaos.

    My personal thesis has been for a long time that commodities will be the investments that fight off the threats from the governments and the market manipulators the best, in the end, but the wars are only beginning.

    Will this be the 15% correction I have been anticipating come June or July, arrived early?  Perhaps.  If so, I have not quite so much dry powder to invest as I might like, but quite a bit all the same, and targets a'plenty.

    This week I am featuring The Banjoleer, a sketch I made at the Smithville Fiddler's Jamboree in Tennessee.  Today is a day to listen to the music, but perhaps NOT a day to join the dance...
Back To tripleblack's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (143)
Track new comments
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » The last Comment from the prior Concentrator by HTLove:

     

    LYSCF(, (LYSDY): Bad ju-ju on the S&P ASX last evening, down 1.44%, and Lynas down 6.9% (-A$0.17) on the highest volume seen in 11 days. The 20 day SMA, ~A$2.34, has been intersected and it seems that a substantial overshoot is in progress.

     

    As you may recall, in the U.S. LYSCF tanked 12 cents yesterday, larger than the prior night's move on the ASX of 7 cents down. That was a move 71% greater than what happened on the ASX. Let's hope we don't repeat that magnitude - that would put us down today 30 cents to $2.22. I don't think that's likely, as noted below.

     

    With a minor strengthening of the dollar on yesterday's S&P warning of a downgrade of the U.S. (supposedly because that makes the markets think the government will be forced to "do the right thing" - ROTFLMAO!), at least the currency converted price won't look quite as bad ...

     

    Currency conversion would give us a US$2.4039, down only 12 cents. I believe that number will be a memory if the charts are any indication - a very real concern since a downturn has been indicated for ... what? 2-3 weeks? And it didn't start until last week.

     

    As you may recall, I was looking for us to start to fill the $2.38/$2.45 gap last Thursday. Well, being way too early is the same as being wrong, but here we are. Looks like it may get filled, and more, today.

     

    The U.S. pps is below the 10 day SMA and yesterday bottomed at $2.45, right at the top of our gap and very near the 20 day SMA, $2.43. The 50 day SMA is way down at $2.15 as of yesterday's close, so we can't look at it for any support right now.

     

    Yesterday we moved down 12 cents on high volume, 2.67M which is 47.5% higher than the 25 day average and 228% of the prior three day average. This should indicate a strong bias to continue down. Normally a large spike like this might indicate an end to the trend. But with the move having just started and technical indicators weakening and the ASX action and the worries about Malaysia and shareholder lawsuits over the "(Thomas) Crown Affair", I can't see this volume indicating an end.

     

    I see it as meaning check your oxygen supply because we're going deeper.

     

    We've got potential supports at $2.38, the gap bottom, $2.35, the high of 3/3 and $2.31, a Fibonacci 38.2% retrace using the range of $1.46-$2.84.

     

    So in spite of what happened on the ASX last evening, I can't see us going to $2.22 today. Even a $2.31 would be a large move, -$0.21 from the close. I expect to see some buying come in around that $2.35 level, so I'm guesstimating we ought to hang in somewhere around that point as the low. That's still a hefty move, -17 cents, so I may be too pessimistic on that. The gap bottom might be the low.

     

    I am expecting this move down to be somewhat extended, with all the issues and the long run up we've had. Of course this might be a good time for the banksters to finish up their buys and issue an upgrade in the next week or so.

     

    But looking a slightly wider context, the whole market was red yesterday and what we saw in Lynas may have been the effects of being dragged along with the overall market, as we saw similar effects with (GWMGF) and (REMX) and others. So if the market is more stable today, the moves may be much smaller than what the charts indicate right now.

     

    Here's last evening's ASX results.

     

    U.S. A.M. 4/13....... 4/14....... 4/15....... 4/18....... 4/19
    Last...... 2.520.... 2.540..... 2.530..... 2.460..... 2.290
    $+/-.... -0.030.... 0.020... -0.010.. -0.070... -0.170
    Bid........ 2.520.... 2.530..... 2.530..... 2.460..... 2.290
    Offer..... 2.530.... 2.550..... 2.540..... 2.480..... 2.300
    Open.... 2.520.... 2.530..... 2.570..... 2.520..... 2.350
    High..... 2.570.... 2.590...... 2.590..... 2.540..... 2.390
    Low..... 2.470..... 2.520..... 2.510..... 2.410..... 2.290
    Vol. 34.758M 25.938M 25.400M 28.973M 40.520M

     

    U.S. A.M. 4/5.......... 4/6.......... 4/7.......... 4/8..... 4/11.... 4/12
    Last..... 2.520..... 2.430..... 2.390...... 2.550.. 2.600.. 2.550
    $+/-..... 0.120... -0.090... -0.040...... 0.160.. 0.050.. -0.05
    Bid....... 2.520..... 2.430..... 2.390...... 2.540.. 2.600... 2.550
    Offer.... 2.530..... 2.440..... 2.400...... 2.550.. 2.610... 2.560
    Open... 2.480..... 2.500..... 2.400..... 2.500.. 2.520... 2.660
    High..... 2.630..... 2.530..... 2.480..... 2.560.. 2.630... 2.700
    Low..... 2.480..... 2.430..... 2.370..... 2.490... 2.520... 2.540
    Vol. 52.013M 32.139M 31.777M 33.329M 30.63M 35.63M

     

    HardToLove
    19 Apr 2011, 08:34 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    more MCP mine to magnet lovefest :
    www.greentechmedia.com.../ (original article)

     

    www.raremetalblog.com/...
    19 Apr 2011, 08:47 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    www.marketwire.com/pre...

     

    can someone with more expertise tell me if this is significant? (I am not afraid to say I don't know something when I don't!)
    19 Apr 2011, 09:04 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    aq: I think my comment got left on old concentrator last week, but I stated that I always did really well in school.
    If I didn't fully understand something...I asked

     

    So, anyone on the REE over here wish to give an opinion of the broader market?
    Will there be a bump back up before May selling. Considering taking most of the table and consolidating now...locking profits and salvaging the other underperformers. not rees mind you..I already scrapped the ones I was holding too high earlier. ...looking now...actually seeing more early green in premarket than yesterday. Maybe we'll get a steadying instead of another big down today
    19 Apr 2011, 09:16 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Maybe Great Western is concluding that the Red Wine Complex might be more readily exploitable than the South African situation or Hoidas Lake. Red Wine warrants further study.
    www.searchminerals.ca/...
    www.marketwire.com/pre...
    www.rareearthmetals.ca...
    www.playfairmining.com...
    www.proactiveinvestors...
    19 Apr 2011, 12:09 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    If anyone is interested in watching Galaxy...it performed better than peers down under yesterday I believe as dilution had already run the price down a bit
    19 Apr 2011, 09:19 AM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    I've got dry powder and an itchy finger for Quest..

     

    Do you think it's a good buy in point now ($7.59), or does gut feel say it'll drop?

     

    My own feeling, with a listing on the horizon, and all those nice heavies, is that it will maintain and increase..

     

    (I think I'll wait a few days... My screen's all red!)

     

    Still a relative good buy though?
    19 Apr 2011, 09:52 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I like Quest and think it will end up from here soon, but right now I would sit and watch it closely. JMO
    19 Apr 2011, 10:43 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    if IF .... if GWM doesn't go lower here and recovers into the channel that HTL was talking about that would make a nice inverse head and shoulders with the neck line at approx. .93
    19 Apr 2011, 10:01 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Not a H&S, IMO. Reason: remove the spike down of 3/15 and you have a head that is the same height, approximately, as the left (well, since it's upside down it's acutally the right :-)) shoulder.

     

    It fits the pattern I detailed in my insta I've pointed to much better.

     

    And that has now been reinforced by the latest "shoulder", if it holds, as it is much higher than both the other "shoulder" and the "head".

     

    Also, if it holds trend (drawn from the low of 12/27/10, touching the low of 3/15/11 and now the lows of 4/18 & 4/19) it must now start a walk back up. If it doesn't do that, it breaks trend and should have no impediment to going back to ~$0.68, putting back at the head again.

     

    We don't really want to see that.

     

    Do keep in mind, whether H&S or the pattern described in the insta, these are *long-term* trends and we should not look for big moves near-term.

     

    Volume today seems to indicate that the move down might be ending - we'll have to wait and see, of course. Only one technical indicator is positive and it's not all that strong right now.

     

    All others are still weaening but PPS can hold steady as indictors weaken.

     

    I think right now we're suffering the after-effects of a "ho-hum" conference call and it will take a while for things to come along a reignite enthusiasm.

     

    MHO,
    HardToLove
    19 Apr 2011, 12:37 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    could you point me to your insta, please?
    19 Apr 2011, 12:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Sure.

     

    seekingalpha.com/insta...

     

    Note: it needs updating again with the latest stuff, but the latest part (at the top) and the original (further down), should get you up to speed.

     

    BTW, if you click on an avatar, that takes you to the profile for the person and you can get to a list of the instas, comments, etc.

     

    HardToLove
    19 Apr 2011, 12:51 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    if you take out the wick on 3/15 why not take out the wick on 2/23 then the shoulder is higher than the head?

     

    edit: I had the shoulder lower
    19 Apr 2011, 12:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Support pattern. The 2/23 continued a pattern down and did an outside reversal, a bullish indicator. Since it's low was (likely?) an early day low, continuing the down trend, it would be arbitrary to discount a day that was part of a pattern.

     

    I've not checked (well, I couldn't resist) there was some news, like this,

     

    www.gwmg.ca/html/media...

     

    That caused the spike up. So, sans news, it's likely a continuation of the pattern. And likely, sans news, price would have continued further down. As you can see, the further I take the assumptions to break the pattern, the further away we get from having a shoulder.

     

    I try to limit the "exceptions" I make. But since the spike was news-driven, it seems reasonable.

     

    As to the head, the gap down broke the pattern and had no continuation and was not strongly linked to the preceding down trend and was immediately reversed, *but* right back into a range that would fit in the down trend pattern. No news I see.

     

    Charting is more an "art" than science, IMO, and the occasional adjustment to allow for anomalies seems to me to be reasonable.

     

    However, I can't say you are wrong to call an H&S.

     

    I just offer my take on things.

     

    HardToLove
    19 Apr 2011, 01:49 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    thanks. I appreciate your take on things. I hope that you are wrong in that (since I am long) that it is indeed a IHS and will blast past .93 :)

     

    I can dream, can't I?
    19 Apr 2011, 02:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Dream? Sointanlly Ollie! :-))

     

    But remember, both patterns are long-term bullish and the one detailed in the insta (older part touches on this) also has a strong break-out to the upside if the pattern completes.

     

    The fact that this new "shoulder" is, so far, staying above the other shoulder and "head" *and*, so far, respecting the rising trend support, is a positive development.

     

    HardToLove
    19 Apr 2011, 02:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » I'm on the move today...

     

    Just snagged nice chunk of GWM at $.76...

     

    Added more AG, LYSDY, and AXPW too.

     

    Took profits on ALKEF and TASXF, amazing run up... Still got 50% of core...

     

    Took profits on EEP, SMSI, SNDXF, TOO, GPL, PNPFF, and SKM...

     

    NOT closing any positions right now, just taking proportional profits to lock in the gains, and lower average cost of shares...

     

    Watching a number of REE/Strat. stocks as potential trades, PMNHF, HREEF, NOURF, NATUF, IAALF, URRE, DNN, etc...
    19 Apr 2011, 10:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Ttrading Stans Energy, HREEF, in at $1.93, we'll see where this goes, NOT an investment, but may take a week or two to make the turn...

     

    Trading Pele Mountain, PMNHF, in at $.28, figure it has 20% upside potential short term...
    19 Apr 2011, 10:31 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » www.alkane.com.au/repo...

     

    Alkane annual report and notice of meeting...

     

    Quest is holding their Annual Meeting Wed., April 20, 10am-12pm

     

    www.raremetalblog.com/...

     

    Arafura announces they are 2 years from production...
    19 Apr 2011, 10:39 AM Reply Like
  • bukdow
    , contributor
    Comments (855) | Send Message
     
    Sold my remaining 5000 shares of ALKEF at $1.12 for $2.39 after taking profits at $2.19 earlier. Will probably regret it, but the profits were high and I am looking to put that money somewhere. Suggestions, please?
    19 Apr 2011, 12:36 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Look at my last few comments, that is what I am doing.
    19 Apr 2011, 12:56 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Since the macro situation is getting murky and we just don't know which way it will go, I don't think it's a bad idea to put half of your winnings into an inverse ETF and the other half into TB's picks.
    seekingalpha.com/artic...
    19 Apr 2011, 01:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » I have an almost mystical ability to NOT make money on inverse index ETF's. I made money for 3 months on a 3x inverse Russel ETF last year, but overall I am a loser when it comes to them.

     

    I will say that I am about 55% cash right now, and I am trimming daily right now, averaging out of the market and into cash overall.

     

    I am holding stocks where I am way ahead - for now. That includes stocks like GWMGF where I am slowly coming to a conclusion that management might have missed their opening and are now engaged in a tail-chase. Having over-estimated the strength of their hand, they are discovering that they would have done well to nail down agreements back when they were offered, rather than keep rolling the dice...

     

    The failure in their year-long pursuit of a joint venture partner for Steenkampskraal is, IMO, very close to being ruled a critical mistake.

     

    This sort of thing often happens when large CEO egos become entangled with business affairs.

     

    By now they are close to looking at some very unpalateable choices. Partnerships in which they tie up the company's assets for years to meet the demands of candidates they had earlier dismissed - OR - more involvement by a meddlesome (but well funded) South Afrikan government agency likely to consider itself to be the managing partner in any such alliance.

     

    I give them 1 more month at the outside to bring a deal to the table before they have to face some nasty music.
    19 Apr 2011, 02:27 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    I'm looking at some uranium plays. (CCJ) and (DNN) should start a recovery in ernest. I'm looking at two spec JRs as well: (UUU) and (URRE). While I haven't found any loose ends around the Crown Point and Church Rock litigation there may be something I missed if any one feels like taking a look this morning. Added (LYSCF) @$2.38
    19 Apr 2011, 12:34 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » LOL, added more GWM at $.73.
    19 Apr 2011, 02:30 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    lol... what about the arrogance of management etc.? or is this a month long trade? ;)
    19 Apr 2011, 02:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » LOL, laughing at myself. I believe they did get cocky this year, and it may cost them big... And yes, it MAY prove to be a trade, at this level. I am giving them the month, though, to show me something.

     

    I routinely structure these investments as a long core surrounded by trading stock. I have not sold GWM in a while, though I have been steadily buying it on dips. Now I have shares with which to trade, should it become volatile. I am expecting a bounce back to the mid 90's soon, and will probably sell off much of the trading stock at that point. But come this time in May, I WILL be evaluating this company with an eye to demoting it from a large core holding (plus trading stock) to either a small core holding, or simply a trade.

     

    My moves with HREEF and PMNHF today were, btw, pure trades.

     

    Also sold off the last of my shares of AVL today...

     

    Holding QSURF, small core supply.
    19 Apr 2011, 02:59 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Added (GWMGF) @ $0.74 as a trading position around my core which is house money from way back.
    19 Apr 2011, 02:35 PM Reply Like
  • jimp
    , contributor
    Comments (686) | Send Message
     
    Added more Qsurf today. Still waiting on a nice entry point for NTU
    You guys have convinced me its worthy. Thanks

     

    What a depressing day in the rare earths sector.
    19 Apr 2011, 04:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » I still have my core position in Northern. Took profits on all the trading stock, though. It has surprised me with its staying power.

     

    Sigh, yep, down day. I'm wondering if Curtis hasn't undercut investor confidence with his Crown/Force asset grab.

     

    GWM blew that conference call, and their gameplan is showing strain from lack of movement.
    19 Apr 2011, 04:39 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (LYSCF), (LYSDY): Today it held the $2,.35 level I expressed earlier. We saw the expected buying support at not only the $2.35 I expected, but also at $2.36.

     

    This is a good thing as it means that the pps is behaving "rationally", for now at least.

     

    Although volume was still high (yesterday's 25 day average +~33%), it was lower than yesterday's and we had a narrow range. So volatility is decreasing - a good thing.

     

    I expect tomorrow we'll see $2.31, maybe $2.28, depending on how many folks are getting afraid of losing profits and decide to lock in.

     

    Of course, the pps is now stretching the lower Bollinger so it *is* possible that we could see a rebound from today's close of $2.36, but it would surprise me. There's still a *lot* of folks that bought at *much* lower prices yet that could/should be spooked into getting out while they have profits. And they must be aware of the controversy of the Crown deal and the Malaysian environmental issues so they will have added reasons to let some shares go.

     

    My best guess at this time as to the end of the move down would be ~$2.14 or so, which would be a "reversion to the mean" of this run up since 3/15 ($1.46-$2.84).

     

    Of course, I may have read this all wrong, but that's only another 9% down, easily done on two or three days a very few percentage moves.

     

    With the 50 day SMA at $2.17 today and rising ~1.4 cents a day, but becoming more parabolic, a small overshoot of the 50, which has *not* demonstrated strong support in the past, seem reasonable.

     

    That's my target for re-entry ATM.

     

    HardToLove
    19 Apr 2011, 05:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Extending my theory that part of the downdraft in Lynas is due to the smelly Forge/Curtis deal:

     

    www.businessspectator....

     

    The fact that we have NOT heard a quick cancelation is troubling in itself - the prospect for the 2 parties to the deal (ie, Nick Curtis and Nick Curtis) not changing their stance leaves the company open to a very devisive fight with its own shareholders.

     

    Its my opinion that THIS (not the pro-forma green protests by a fringe Malay politco and her tiny following measured in no more than dozens) is the prime hobble for Lynas.
    19 Apr 2011, 05:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » www.brisbanetimes.com....

     

    Another important Aussie paper covering the topic...

     

    This is one reason the ASX is leading the American exchanges on these stocks.
    19 Apr 2011, 05:46 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    The linked article fits in well with this library of Lynas articles which give an idea how the current situation has come to pass.
    www.watoday.com.au/exe...
    19 Apr 2011, 06:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (LYSCF), (LYSDY): I'm not so sure you should discount the Malaysian eco-concerns.

     

    This is turning into a really ugly fight, AFAICT, and I think it will be protracted, political, non-fact based.

     

    As you are aware, (ir)rational popular opposition can sway politicos that want to be re-elected.

     

    Se these posts I made at I.H. for some links that should give you a feel for the "tenor" of how this dispute is rapidly degrading into a lose-lose scenario.

     

    Lynas on facebook - I've just located and will begin reading.

     

    investorshub.advfn.com...

     

    Links to some of the sort of press being delivered to the world.

     

    investorshub.advfn.com...

     

    I only want to mention this because if Lynas loses it's "first to market ex-China" advantage, the game becomes decidedly less certain.

     

    Further, even the uncertainty associated with this dispute may drive pps into the ground as folks become spooked.

     

    I think this is an issue we must be on top of to adequately protect our capital. Since we already suspect ... "shady dealings" by Nick, others will suspect him of lying about the radioactive issues as well and that *will* be a weapon that will be wielded sooner or later.

     

    HardToLove
    19 Apr 2011, 06:53 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    I wish I didn't agree, HTL, but I do. Good links.

     

    I was surprised to see the six-month inspection time by the Malaysian Atomic Energy Licensing Board for the LAMP (when Lynas manages to submit its application). Granted, I'm not speaking from a position of real technical knowledge here, but I would be rather surprised if the inspection would have been a six-month affair if this controversy hadn't come up. It suggests to me that at least some authorities are taking the controversy seriously, or at least are beginning to feel the need to appear to be doing so.

     

    OMG, you mentioned a while back that your knowledge of Malaysian affairs made you confident that the LAMP would be approved, and offered to post more to explain this. Unless I missed it in an earlier concentrator, might you be willing to do so now?
    19 Apr 2011, 09:40 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    This is also some interesting commentary about Lynas' Crown Deposit at aussiestockforums.com.
    19 Apr 2011, 10:54 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Every report of actual "demonstrations" I've seen center on one or two fringe politicians and a few dozen of their followers. The proof of "popular discontent" (were it an important consideration) would have appeared in the streets of Malaysia rather than from a few fanatical trolls on the internet.

     

    IF the government has to reverse their permits for the plant, the effects to Lynas would, of course, be extreme...

     

    And the effects to the Malay economy would be huge. Not just from the loss of a single major project, but from the quick turning away of foreign investment which they have expended large chunks of their development budget seeking to attract. Their reputation as a business-friendly option in SE Asia (which is of course a highly competitive business environment) would be wrecked. Lynas would of course have grounds to sue for damages which would run into huge numbers, though the Malay courts may just throw it out to protect their government from a large financial loss. This would then constitute a form of theft-by-taking, not dissimilar from what has occurred in Venezuela, and we have seen how THAT has affected investment activity in that benighted nation.

     

    Finally, this would be a large PR problem for Malaysia in Australia, which has a large yearly trade with them, including much lucrative tourism.

     

    All this to placate a few dozen nutcases over a false concern?

     

    OK, it COULD happen, it really could, crazy things happy everyday...
    20 Apr 2011, 07:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » 6 months for a nuclear agency to grant a permit is blinding speed. Check what a similar process requires in the United States, or better yet, anywhere in Europe. Lynas has been going through these permit processes for about a decade, as an ongoing slog.

     

    GWM will require 6 months in South Afrika should they need new paperwork from the SA bureaucrats.

     

    I once helped build a factory in Wisconsin, and our permits took 4 months - for a mattress factory, and we were importing all the metal items, so there were no annealing ovens or metalworking in the entire plant, nor paint application lines, nothing.
    20 Apr 2011, 08:01 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Ohho! Look just below this comment, we have attracted a troll by talking about the "mass uprising" in Malaysia...

     

    Its why I avoid the use of the name of the president of the U.S. These creatures do google searches to find any sort of criticism to suppress.
    20 Apr 2011, 08:04 AM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    I hear you, TB, on the timetables - my thought was based on the fact that this was only the last step in a process that had been on-going for so long, combined with the fact that Lynas' projected date for opening the LAMP doesn't look to me as though it included an expectation of the six-month period. All the same, I'll grant that you're probably more on target.
    20 Apr 2011, 09:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » www.refractorymetalsne...

     

    Taseko has an update coming.
    19 Apr 2011, 06:19 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Maybe molybdenum won't be so scarce one of these years since so many miners are taking an interest in it; another line of inquiry to follow up on one of these days.
    www.miningnerds.com/mo...
    One of the miners mentioned is taking an interest in rare earths.
    www.geodexminerals.com...
    19 Apr 2011, 10:30 PM Reply Like
  • ungawah
    , contributor
    Comments (919) | Send Message
     
    I hope that update is still coming. ;-). My Thompson Creek is doing better today.
    20 Apr 2011, 12:36 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I will nibble at Lynas tomorrow. Waiting on Nourf and will nibble around 1. Will reposition into Alkef if it drops below 2. And looking to start Arufura around 1.15. Also, looking to add to CPST(non-ree) although I missed run up today. Great pop, HT on them today! Robert is tempting me with those uranium et al plays. Also, will trim a bit from UCore and GW at next move up.

     

    HT, I posted this on the other blog...but unsure which youo will see tonight. I missed that run today...would have certainly added <1.7. I haven't been setting buys until things settle a bit. Would you consider CPST an add if I can get more around 1.79 in the morning and do you think it will even get below 1.8?
    19 Apr 2011, 08:02 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    Not exactly what I was looking for down under so far...all green except Galaxy. One more down day would have made decision making really easy regarding the likes of Lynas, Northern et al..
    So, the question now is...is this a temp bump-back from yesterday's big down move and further downside will come...or a restart of prior moves? This leaves questions for Lynas and Northern.
    Wait longer on Northern?
    I will definitely add Lynas tomorrow on any move up down under. The question is nibble...or bite hard? What do you guys think...nibble or bite?

     

    Fatfretter....now comes decision-making time for you, brother...

     

    BTW...Alkane has news driving them up higher than peers today...discovery of gold copper resource. +14 ATM
    19 Apr 2011, 09:05 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    And you don't think the run in Alkane the last week or two had anything to do with insider information on the find do you? That would never happen with ASIC on the watch, right?
    Well, if you are as skeptical as me, you might think that the unusual strength in NTU is forecasting good drill results coming. But its all speculation I guess. Good luck all. DYOR
    19 Apr 2011, 11:29 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Absolutely. You're not a cynic when you doubts prove correct ALL the time, LOL!

     

    I just sold 1/3 of my Alkane, so I am missing some of the bump, but OK, that's why I didn't sell ALL.

     

    Now I'll watch for another plateau, and sell another third, then re-enter on the dip...

     

    IF there ever is one. Sometimes caution has a cost.
    20 Apr 2011, 08:07 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    Ha...Thanks Rain.....all my finger nails are gone....
    19 Apr 2011, 10:20 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    asx....Lynas up 3.5 percent.
    19 Apr 2011, 10:34 PM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    From what I can gather from all of this Great Western's balloon has been burst.. Or am I missing something here?
    20 Apr 2011, 05:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » A single flat conference call (but at a crucial time) hurt them, and I am disappointed enough to have put them on an egg timer (one more month and I will take profits, I am still looking at more than a double on the stock), but...

     

    I am still giving them that month.
    20 Apr 2011, 08:09 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    While the trial plant at Moly and a few other REE mines have been mocked, I am beginning to think this would be a good strategy for GWG in SA as they apparently have broken ore on the ground, start up would obviously be much lower and the TREO numbers could be proved. This is in addition to booking additional revenue prior to a more large scale start up.

     

    Has this ever been discussed? As I am less than a novice in geology am I missing something?

     

    Thanks. Matt
    20 Apr 2011, 09:24 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Greetings all. My core in (GWMGF) is house money so it will just hang around for a while. Those new shares I purchased yesterday will be trade fodder for a turn around.
    20 Apr 2011, 09:33 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Good qustions, dallas. I recall reading (when GWM was first seriously discussing Steenkampskraal with Rareco last year) that they were looking into a pilot plant project... Nothing past that which I have seen, though.

     

    The problem may be the small tonnage scale of the project, and the high thorium percentages. Usually we see a pilot plant built to scale - in the case of MCP, 3kmt for what was originally a 22kmt plan (hence doubled, but hey, when painting fever dream pictures in smoke, why not?). With GWM planning a max output from Steenkampskraal of about 7kmt per year, you get something around .8kmt as the pilot plant, so small that it might well hurt their image and marketing plans. Anything larger, and I suspect they would be better served to just go ahead and build the small plant they will ultimately need.

     

    Another thing about pilot plants is that they are inherently inefficient money pits, like all such experiments. Just because MCP is touting theirs as somehow a production asset doesn't mean that this is really true. Only the absolute dearth of competition ex-China lets them make most of the outlandish claims they are pumping.
    20 Apr 2011, 10:31 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Those thorium cinder blocks will have to find a home. I'm not sure if the melt down in Japan will help or hurt the migration from large scale reactors like those in France and the developed nations to modular pocket reactors like those India is installing. I'm betting that the developing world will use the safer more modern thorium designs. Not only because they are cheaper but because they are scalable and won't run afoul of the nonproliferation hawks.
    20 Apr 2011, 10:42 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I agree Matt.
    Sometimes you just have to do something to get things going. These guys feel like a darn think tank sometimes. All great ideas but where is the progress? A kiln and a pond in South Africa would be a big help. Sometimes miners (especially integrated ones) forget that their job is to turn dirt into money. No dirt- No money. Time to get some dirt GW.
    20 Apr 2011, 10:48 AM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    Will follow you on that one too...

     

    Also, having really checked Jack Lifton's chart on TechMetals about the actual (small) tonnage of TREO's (and heavies in that) that SA and Hoidas will produce, I'm starting to think there may be better options out there..

     

    I've been into GWMGF since the 0.19 cent days, but like you, am starting to wonder now whether I should consider scaling them back...
    20 Apr 2011, 08:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (LYSCF), (LYSDY): S&P ASX was up a robust 1.35% and Lynas bumped up a healthy 4.8%. However, the volume was unhealthy, being the lowest in at least the last 11 days (and maybe longer - I didn't look back further). The 20 day SMA looks like ~A$2.37,

     

    If OZ is leading, that means my statements yesterday that I expected a continued down trend seems to be way off the mark. I really don't know how to guesstimate this since our down in the U.S. yesterday and the day before had big volume on the down moves. Without a lessening of volume, I can't see a sudden reversal being in the cards. But, we have seen this behavior before with a very large high-volume down move followed by a strong move up. The difference here is the range is quite small, the move down is not as large and we have two consecutive days of high volume on the down moves.

     

    But, we do have the week after tax filing possibly bringing money in, as Maya mentioned elsewhere, and generally we have seen a pretty good directional correlation between OZ and the U.S.

     

    But the volume last night on the ASX is extremely negative. On an up move you would want to see at least a small uptick in volume, not a further weakening. Oh well, no forecast for today.

     

    The currency conversion would give us a U.S. equivalent of $2.5589. That would be a 20 cent move up, +8.43%, an unusually large move. If we just do the ASX percentage, we would get $2.47, +11 cents, a much more reasonable expectation.

     

    Here's last evening's ASX results.

     

    U.S. A.M. 4/20
    Last...... 2.400
    $+/-...... 0.110
    Bid........ 2.400
    Offer..... 2.410
    Open.... 2.340
    High...... 2.410
    Low...... 2.330
    Vol. 23.182M

     

    U.S. A.M. 4/13....... 4/14....... 4/15....... 4/18....... 4/19
    Last...... 2.520.... 2.540..... 2.530..... 2.460..... 2.290
    $+/-.... -0.030.... 0.020... -0.010.. -0.070... -0.170
    Bid........ 2.520.... 2.530..... 2.530..... 2.460..... 2.290
    Offer..... 2.530.... 2.550..... 2.540..... 2.480..... 2.300
    Open.... 2.520.... 2.530..... 2.570..... 2.520..... 2.350
    High..... 2.570.... 2.590...... 2.590..... 2.540..... 2.390
    Low..... 2.470..... 2.520..... 2.510..... 2.410..... 2.290
    Vol. 34.758M 25.938M 25.400M 28.973M 40.520M

     

    HardToLove
    20 Apr 2011, 08:33 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » The manipulators at work, HTL...

     

    They have quant computers, and we have seen their wild plans before. Its both surreal and ironic for me, a sf&f illustrator and maven, to be in the middle of an actual science fiction plot, involving the world coming under the sway of computer minds beyond the ken of their creators.
    20 Apr 2011, 08:39 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    So frustrating...was going to add today on any down move, but we have the up move...I am not trusting it.

     

    Showing 2.55/2.58 bid/ask. This smells...
    20 Apr 2011, 09:21 AM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    Ouch! GWM is dropping way too hard. Would it be a good time to add or has it lost its appeal as a long-term investment? (now that the chances of it being a take-over target for Moly seem much lower)
    20 Apr 2011, 10:44 AM Reply Like
  • omgwen3rds3
    , contributor
    Comments (354) | Send Message
     
    AM i SEEING RIGHT? For once LYSCF is Up and MCP is falling ????
    20 Apr 2011, 11:02 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Da Boyz are at work. Now we might see the manipulation working for us...

     

    Or not.

     

    Their quants are inscrutable at times.
    20 Apr 2011, 11:07 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Sure 'nuf, by a little bit.
    20 Apr 2011, 11:12 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I've done my research, analyzed the situation very carefully, and consulated my best advisors...
    ...played any, many miney, moe...
    ...then flipped a coin...(best of 7)
    ...I now think GW will rebound from this aweful position.
    20 Apr 2011, 11:03 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » ...Entrails...

     

    Don't forget the entrails, Rain.

     

    Chicken will work, but I think fresh roadkill patterns are more accurate chart predictors.
    20 Apr 2011, 11:08 AM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    Flip a coin.. hahahaha!

     

    Unless I see some action on GW, I'm cashing the lot in (before I get into a total loss), and bunging it into Quest. That'll be my REE action this year.

     

    All my other planned saving money is going into nice, safe houses, like Australian bonds, Philip Morris and J&J!
    20 Apr 2011, 11:09 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » I have been shifting money into high yield stocks for about 6 months now. AGNC, AINV, EEP, GGN, NLY, NYMT, PSEC, TOO...

     

    I particularly like EEP and TOO for the energy sector exposure.

     

    STO is another where I have a smaller holding, and I had TOT until recently.
    20 Apr 2011, 11:16 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I was just re reading something on SA and in the comments section of Jack Lifton art (I think it was the chinese and pricing one) where he said in the comments section that he thought is was going to be a big year for GW. (it was at a time he had no position) I think I believe that still but a year is a long time.....
    20 Apr 2011, 11:20 AM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    I just bought Suncor as an alternative to the main oil players. Hardly high dividend, but I'm bullish on the long term.
    20 Apr 2011, 11:21 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    It seems that the oil sands players will have staying power far into the future.
    www.infomine.com/news/... (oil sands)&links=50
    20 Apr 2011, 11:34 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9974) | Send Message
     
    VB: If you have the stomach to wait four or five years, TAMM Oil and Gas (TAMO) will likely net you a 20 bagger, or more. It's crazy, but a 50 bagger is not out of the question, especially if oil gets up into the stratospheric $150 to $200 range by then. I only have 2000 shares right now for 15 cents per, but I also have a 90 day trade in at 12 cents for 4000 more shares. DD required. Suggestion: Check out their website. I'm willing to (high) risk up to $1000 on this penny.

     

    ####

     

    Loving the Lynas action today!
    20 Apr 2011, 12:27 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Thanks, Maya, for the heads up.
    It looks like more bitumen reserves are being found on the west side of the main part of the Oil Sands Region in northern Alberta as time goes by.
    And I keep reading about more oil shale deposits being found in parts of Montana on the west side of the Bakken, too.
    I'll check out some Seeking Alpha thoughts about the company as well as the website.
    seekingalpha.com/searc...
    20 Apr 2011, 12:46 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Watchout, GWM is showing signs of life...
    20 Apr 2011, 11:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » www.raremetalblog.com/...

     

    Note in particular the last entry, wherein the author retracts his earlier (and widely publicized) idea that Lynas and Alkane had a deal brewing...

     

    Will this hurt Alkane? I think it might, and it stands as a partical explanation for the runup.
    20 Apr 2011, 11:40 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I hate to add Lynas a day after it was <2.4....but I'm thinking about it. I have room for more. Still not fully trusting this little bump, but it is beyond my comprehension ATM.

     

    Another down day would have made things soooo much easier. I should have followed you and Robert, TB.
    20 Apr 2011, 11:58 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    The Molycorp unlock could prove to be a buying opportunity for any of our rare earth stocks according to this article.
    seekingalpha.com/artic...
    20 Apr 2011, 12:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Same thing was said last time...

     

    And the savvy vernture cap types calling the shots over there screwed the shorts big time, and came out smelling like a rare earth rose...

     

    While their claims that all other REE companies were suddenly obsolete investments were echoed and re-echoed (still going on, actually) by their army of pumpers around the media.

     

    Yes, it could happen again, whether its based upon facts and logic or not. Until Lynas goes on line and bulldozes the ex-China market this sort of thing seems to just go on and on and on...
    20 Apr 2011, 12:18 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Rain,
    Lynas will go up. Their construction is going well and the guys in Malaysia could not give a toss about the Crown saga. The bottom line is Lynas goes into real organized and state of the art production in September. Whether Crown is worth the $20 million or billions it was never in analysts calculations. So the fact remains that it is valuable. Don't buy now. Wait and buy it on the second down day IMO. You missed the last chance, but there will be many more before September IMO.
    20 Apr 2011, 12:08 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    What about before Mt. Weld announcement-likely May-ish? I agree there will be lots of repositioning opps prior to Sept., but I want a loaded boat before the Mt. Weld announcement and what I believe will be a run up to 3.xx
    20 Apr 2011, 12:20 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    If Mt. Weld happens before the next chance then you missed it already. If there is another minor delay it could make another chance. Both are possible. I agree with Maya that Lynas is for accumulating, not trading. But there are so many catalysts I would not chase one in particular. You already know the story is good. I add on the second down day in a row after a 7-10% pull back. In the Summer, I'll follow the same rule but tighten to a 5-7% pull back. These simple disciplines get me in and give me opportunities. They have not been as good as OMG's timing. But it has worked for me.
    20 Apr 2011, 01:27 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9974) | Send Message
     
    Rain: In my opinion, Lynas is not for trading, only accumulating. We just had a terrific buying opportunity. Surely, there will be others. If the market tanks this summer, I will not be selling. My Lynas tank is full, but I might top off with another few thousand shares if Lynas drops significantly. Was very much tempted to add this past Monday.
    20 Apr 2011, 12:37 PM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (516) | Send Message
     
    Maya, check out MFN if you haven't already.
    20 Apr 2011, 01:26 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9974) | Send Message
     
    Scroogey! I used to have shares in Minefinders way back when it was around 5 or 6 bucks. Sadly, I got shaken out. Still own a bunch of NovaGold acquired for $3.94. That's a ten bagger in waiting; already have three in the fold...

     

    Can't win 'em all!
    20 Apr 2011, 03:04 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Unca, Scrooge: Greetings. Interesting company the P/E is an eye popper though.
    20 Apr 2011, 01:42 PM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (516) | Send Message
     
    P/E?, What's a P/E?
    20 Apr 2011, 01:54 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Unca, Scrooge: Greetings. P/E refers to price to earnings ratio. (MFN) is currently almost 176 X earnings.
    20 Apr 2011, 02:26 PM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (516) | Send Message
     
    lol, I'm sorry Robert I was only teasing you, thanks though.
    20 Apr 2011, 02:34 PM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (516) | Send Message
     
    What I meant was I don't take a stocks P/E into much consideration.
    If you do your gonna miss out on the big moves.
    20 Apr 2011, 02:43 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Ahhh. Enlightenment! You have this one in mind for trading fodder as opposed to a long term play. Makes sense. What is your target on them.
    20 Apr 2011, 02:49 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Robert Ferguson,
    Do you own any non-Chinese rare earth stocks? What are their P/E's. Do you mean forward P/E or current P/E?
    20 Apr 2011, 02:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » MFN is predominantly a gold/silver play, though they are also into base metals. I've lost money on them in the past, and in this case, yes, their P/E is a concern.

     

    I just don't like their looks, but then again, I AM prejudiced (companies that cost me money have that to conjure with).
    20 Apr 2011, 02:35 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Chihawk: Greetings. All of the miners I own REE and otherwise are ex-China. As previously discussed when dealing with developmental companies and juniors if they have a P/E it is not really very useful as they frequently have little or no earnings. When dealing with investments in mature companies I examine all three P/E data points and other historical data. While (MFN) has reduced their debt and EBITIDA they seem short on production with a relatively high price. While they are experiencing a pop now I was pointing out that they look expensive to me nothing more.
    20 Apr 2011, 02:36 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I'm just trying to understand you approach to the REE stocks. You have mentioned before P/E and say the stocks are expensive. That's fair on the one hand, but since no one is in production that does not help much.
    So I guess I should just ask, in the rare earth space who do you like? Do you still like GW?
    20 Apr 2011, 03:36 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Chihawk: Greetings. I do in fact like Great Western (GWMGF) I have a large core on house money with some trading stock I picked up yesterday. I also am accumulating Lynas (LYSCF) as I believe they will do well once the kinks are worked out. I was in Molly Corp but have none now. I have a substantial amount of Quantum (QREDF) and a big chunk of Sarissa (SRSR). That rounds out my REE stocks. I also have a small amount of (GDLNF) but consider it more of a uranium play.
    20 Apr 2011, 06:11 PM Reply Like
  • omgwen3rds3
    , contributor
    Comments (354) | Send Message
     
    Chihawk i know Baotau Rare Earth company in China command a PE ratio of 30.
    20 Apr 2011, 07:11 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    On this day, April 20, 2011, I, RainH2o, do solemnly swear to never ever trade any Lynas again.

     

    X DR

     

    Is there a notary in here?
    20 Apr 2011, 02:38 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Maybe Northern Minerals knows of one, lol.
    20 Apr 2011, 02:46 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » You have a mean streak, VB...

     

    I like that.

     

    OK, Rain, we're all witnesses. I will now close the first meeting of "LA" (Lynas Anonymous).
    20 Apr 2011, 02:54 PM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    I'm with you on that, Rain.
    20 Apr 2011, 04:09 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I think it will be fun to give you guys an update of my holdings and profit, lest you believe all your efforts in helping me to be in vain. I spend alot of time making fun of myself on here to keep me humble. But, you guys have been of great assistance to me... entertaining...and made some money.

     

    I still have good profits in Lynas with core in around 1.82.
    Holding all original GW from .69 (although value now in question) and sold some earlier
    Holding all original NOURF from .59 and .61
    Holding all original Metamec from .47
    holding original Ucore positions at .7x and sold quite a bit along way
    Quest has made the most money up about $13k in last month and will hold
    made some in others but no longer holding them
    Also, have benefitted from some good silver and gold plays and others in diversified with the help of you guys and gals.
    Thank you all for your patience and help during my extensive learning.

     

    Best performers have been Lynas, Quest, CPST, and NOURF
    ...ALKEF should have been on that list but I squandered it. I do think we will meet again, however.
    20 Apr 2011, 02:47 PM Reply Like
  • Nick England
    , contributor
    Comments (79) | Send Message
     
    This is starting to sound more like rare earthoholics anonymous..

     

    Hi.. My name's Nick, and I'm long on Lynas, but not sure what to do with my Great Western..
    20 Apr 2011, 04:05 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    'Lynas cannot store waste onsite, says AELB'

     

    www.themalaysianinside...

     

    Clarifies the earlier reported disagreement between Atomic Energy Licensing Board and Lynas over whether the application has been submitted.
    20 Apr 2011, 04:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Yep.

     

    They can't store the thorium byproduct on site INDEFINTELY. I would think that makes sense, and I suspect that the many alternatives for the byproduct (not least being the very strong likelihood that the multitudes of small scale Indian thorium reactors will be a potential purchaser) will work out. As I recall, worst case would see it encapusulated in concrete blocks.

     

    Also note that they DO have a license permitting them to start operations on schedule, but with a very reasonable requirement that they show they can operate in concert with the requirements for 3 years before a more long term permit is issued.

     

    All this is logical, fair, and makes sense.

     

    If I were a Malay politician backing of this project, I would be pushing the government toward talking with some Indian companies building thorium reactors with the idea that perhaps Malaysia could use some of these safe, low-cost, power sources.
    20 Apr 2011, 04:26 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6023) | Send Message
     
    ",,, Lynas expects to receive a preliminary operating licence from the AELB before September which will be renewed as a full licence within three years should the plant comply with agreed standards."

     

    So they need to come up with a way to get that waste off-site, and they have three years to come up with a solution... I thought they were going to make wave breakers with the materials...

     

    I will keep an eye on the market to see if people read the article or just read the headline.
    20 Apr 2011, 04:26 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » People see what they want to see, User.

     

    And you are correct, one of the "if all else fails" alternatives was to bury the thorium in concrete blocks (there are a number of these sitting at GWM's Steenkampskraal, btw, left over from when they lost their market for thorium decades ago) and use them as artificial reefs.

     

    The more I think about it, that new LAMP is going to be a HUGE electric power consumer...

     

    Why not build a small thorium reactor right next door, one that can power the entire industrial park and most of the surrounding countryside as well?

     

    Lynas would be getting their power essentially free, and probably earn a nice profit from selling excess power to others.

     

    Net effect would be even cheaper costs for their REE production.
    20 Apr 2011, 04:30 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Excellent idea TB. I wonder about getting a permit for that operation though since they seem to be having fits over just the thorium. That would also add significant short term cost to the LAMP that would have to be written down after production was in full operation.
    20 Apr 2011, 06:23 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » No way should they hold up launching the LAMP, but we should not forget the cash machine that Lynas will become. They could easily be a $20-30billion market cap company churning out $2.2-4.4billion in sales in a year or two.

     

    Lynas could build one of the small scale thorium reactors being built in India which are truly NOT like the large scale uranium reactors we are all used to. Far from it, they are physically much smaller - cheaper to build - safer to operate - and produce less radioactive waste in much lower quantities. They don't scale up to the huge output possible with the monsters we have been building for the past 50 years, or produce materials handy for constructing nuclear weapons...

     

    As for matters of cost, Lynas is going to have to handle considerable costs associated with (temporarily) storing the thorium - encasing it - transporting it - and then disposing of it safely. They will also be buying electricity from the Malaysian utilities by the gigawatt, their equipment will drink electricity like water, day and night, and THAT will be a huge overhead expense that will never go away.

     

    I would expect that were they to get the Malay government on their side in this project, they might well be able to finance the entire cost of the new power plant, particularly given that it would be earning profits from selling power throughout the high growth industrial center the LAMP is intended to be the centerpiece of.

     

    I would not be a bit surprised to learn that the Malay government is worrying right now about supplying sufficient power to fulfill the increased heavy loads presented by projects like the LAMP...

     

    But then again, Lynas might well prefer to just focus on their own knitting and sell the thorium... If they can. If they cannot, we may yet see some creative ideas arise, or the LAMP shut down because they lacked the foresight needed to take care of a basic underlying flaw in their plan.

     

    A flaw in BOTH options might well be that a modern thorium reactor design suitable for their application may not be ready yet.
    20 Apr 2011, 08:57 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I say we use our GE and Japanese contacts and build a thorium reactor as a rebuilding project in Northern Japan. This could be a big win for everyone involved. All of these parties have an interest in expanding a thorium market and that seems like the place of least resistance. The Japanese government might even help out. And if that doesn't work, see if the Malawi government would like to power Lynas' African operations with a thorium plant.
    All of this is a lot better than reef pillars.
    21 Apr 2011, 12:44 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    Right on about the thorium issue. The parties involved will see the beauty in the logic, I'm sure.
    www.mofa.go.jp/about/e...
    www.kln.gov.my/web/gue...
    www.dfat.gov.au/ami/in...
    21 Apr 2011, 10:23 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » MCP's 2nd stock unlock event (May 11, I think, though I have also seen May 10 mentioned), which features the release of 39,137,087 shares, should be a wild and wooly experience.

     

    Lest we forget, the last time this happened, they tossed out a claim to the entire ex-China REE market, pulled some fast maneuvers with their stock, did a little dilution, a little soft shoe, and vanished BACK into their 2nd lockbox. The effects of this neutron bomb are still bouncing around this sector...

     

    Of course, their stock price dropped from over $62 to about $40, pronto, too.

     

    This time we might see more of the same, but its different this time...

     

    More shares are involved, and the short interest sititng around without enough shares to cover them is reported to be very large... More shares will mean more shares to short, of course, at least for those of us mere mortals who cannot do naked shorts with impunity.

     

    Its also true that we should see a marked decrease in stock velocity. In this case, I am referring to how frequently each share of stock changes hands over a given period. Just as money velocity within an economy is a key factor in the efficiency and strength of that economy, something similar happens with a stock. When a high profile company has a strongly constrained quantity of shares available to trade (MCP is an extreme case of that condition), this cranks the rate of trade velocity skyward. Double the number of shares available to buy/sell/option, and you cut the velocity in half...

     

    What effect might this have on MCP's share price?

     

    Its hard to tell. I almost pulled the trigger last January when their price dropped to $40.25, but I chose to hold off at that time, since I believed it was still a bit over-priced, and I did not trust the intentions of the manipulators... That was a mistake. I should have followed my instinct that day to initiate a TRADE (not an investment) with the idea that the stock would be pumped back up.

     

    This time I am going to watch for a similar trading opportunity, and I am thinking that a price just above that recent low might present itself.

     

    Its also likely that the fallout (for good or ill the entire sector catches a cold when MCP sneezes) for our other investments may be unpleasant.

     

    Finally, I am looking around at OTHER factors which could coincide with this MCPgasm. China is going to be announcing its 2nd half quotas - and Lynas is due to start up Mount Weld - all at about the same time.

     

    Will the MCP affair step on Lynas' Mount Weld accomplishment? Could happen. Will China throw us a curve and increase quotas (or change how the quotas work) in such a way as to begin early their inevitable gaming of us Western big noses?

     

    We need to maintain a high state of agile alertness during all this.
    20 Apr 2011, 09:38 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    TB,
    Your account of the winter unlock in MCP is correct, but will history repeat?

     

    I would caution folks on Moly's fundamentals. If traders see the Lynas construction photos then see the Silmet information and Moly facts it might be different this time. They may just roll from Moly to Lynas now that Lynas appears so close to production. The next lock up trade might be seen as too close to LAMP production to try to roll over then.

     

    My guess is MCP trades in a similar but less extreme way this time. Lynas should not be hurt, but long range projects could still be effected. And these projects could be very effected by Lynas production. At some point the sector has to realize the hardware Lynas has will take everyone else a long time to build.
    20 Apr 2011, 09:56 PM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    I was thinking that same thing, Chi. It could go either way. I know what I would do...but Moly investors, for the most part, seem like a different breed.
    21 Apr 2011, 10:06 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Don't underestimate the ability of those holding Molly Corp (MCP) shares in that locked box to manipulate prices throughout the sector. They include quant and dark pool funding in their tool box among the other unsavory tools. They also know there will be no more lock box events so this will be their last shot. They may well be shorting too in order to cash in on both sides of the transaction.
    21 Apr 2011, 10:13 AM Reply Like
  • jimp
    , contributor
    Comments (686) | Send Message
     
    Saw this on Bloomberg..

     

    Gillard Vows to Supply Japan Rare Earths on Trip After Quake

     

    www.bloomberg.com/news...
    21 Apr 2011, 08:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Yep. So much for the idea that REEs are just a bubble fad...

     

    Good catch, jimp, you saved me the post. I had to take my dog to the vet this morning, so I'm about an hour behind on my morning chores!
    21 Apr 2011, 09:18 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (LYSCF), (LYSDY): 500K shares were issued on 4/15/2011 without prior notice to investors, per www.asx.com.au/asx/sta...

     

    S&P ASX +1.12% and LYC +2.08%. But look at the volume - the lowest in 12 days now. It also closed a penny lower than it opened. It's above the 20 day SMA, ~$2.39.

     

    A currency conversion would yield a US$2.6329, about a nickel above yesterday's U.S. close of $2.58.

     

    A similar percentage move would yield US$2.634 - pretty darn close.

     

    As has been the case recently, the charts are still useless so I won't stick my neck (what's left of it) out today.

     

    Here's last evening's ASX results.

     

    U.S. A.M. 4/20..... 4/21
    Last...... 2.400... 2.450
    $+/-...... 0.110... 0.050
    Bid........ 2.400... 2.440
    Offer..... 2.410... 2.450
    Open.... 2.340... 2.460
    High...... 2.410.. 2.510
    Low...... 2.330.. 2.430
    Vol. 23.182M 18.79M

     

    U.S. A.M. 4/13....... 4/14....... 4/15....... 4/18....... 4/19
    Last...... 2.520.... 2.540..... 2.530..... 2.460..... 2.290
    $+/-.... -0.030.... 0.020... -0.010.. -0.070... -0.170
    Bid........ 2.520.... 2.530..... 2.530..... 2.460..... 2.290
    Offer..... 2.530.... 2.550..... 2.540..... 2.480..... 2.300
    Open.... 2.520.... 2.530..... 2.570..... 2.520..... 2.350
    High..... 2.570.... 2.590...... 2.590..... 2.540..... 2.390
    Low..... 2.470..... 2.520..... 2.510..... 2.410..... 2.290
    Vol. 34.758M 25.938M 25.400M 28.973M 40.520M

     

    HardToLove
    21 Apr 2011, 09:06 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Save your neck exposure on Lynas, HTL - right now it all about geopolitics (check out the link jimp just posted), corporate maneuvering, and the news cycle.

     

    Lynas' chart is liable to look like a drunkard's walk over the next 2 months, and break every charting fundamental in the book.
    21 Apr 2011, 09:20 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (GWMGF): "Great Western Minerals Group Targets Earlier Dates and Increased Output at Steenkampskraal Rare Earth Project"

     

    What's the most significant thing?

     

    www.marketwire.com/pre...

     

    HardToLove
    21 Apr 2011, 09:42 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2200) | Send Message
     
    I would say that "evaluating the participation of a financial joint venture partner" has to be the most significant clause in this announcement, hopefully a bank which understands the mining industry.
    21 Apr 2011, 10:39 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » They are playing the MCP game - lots of announced plans, no concrete advance in the long running problems, and kick the can out to the end of July while they keep shopping for a savior. That would coincide with what may be some tough times in the macro markets (its about when a lot of us think we may see a strong correction), and almost certainly will run afoul of Chinese export quota news. I still hope they can come up with something good over the next 4 weeks...

     

    The new, higher numbers for the output side of the proposed seperation/concentration plant agree with my personal 3-7kmt estimate, btw, I always thought their numbers were too small and unlikely to fly - 5kmt is a sweet middle ground number.

     

    Its an upbeat announcement, and probably the best they can do given the situation. The 2013 startup projection looks over-optimistic to me, perhaps by a year or more (2015 more like it, given their track record, and that's assuming things break their way as to joint venture partners with deep pockets).
    21 Apr 2011, 10:44 AM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    HTL, are you remaining optimistic about Great Western? That article looks like its just food for the sheep. (as if I don't belong to the woolly herd)
    21 Apr 2011, 10:59 AM Reply Like
  • RainH2O
    , contributor
    Comments (1354) | Send Message
     
    So one question on my mind today is...will those looking to add NOURF get an opp to do so <1 or <.9 in coming days?
    21 Apr 2011, 11:01 AM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    I'm personally hoping for it. I've already set a buy target at 0.95 for a handful of shares.
    21 Apr 2011, 02:33 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I am anxious to hear what other think but my thought is "ohhhh, you plan to do it quicker...." whew! THAT cleats alot up. "

     

    What am I missing?
    21 Apr 2011, 09:51 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    While I don't think it is anything earth shattering this is the type of PR they need on an ongoing basis. In addition, from a strategic point of view I wouldn't think they would want any momentum this produces to fade, so I have to believe the updated nuclear approval is imminent and assume they are better clued in on then the general public.

     

    21 Apr 2011, 10:25 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    FYI on Schwab SSPro GWMGF is trading at .7838
    on their website it is trading at .7674

     

    and MCP just broke through S2 support.

     

    I guess MCP didn't like the news ;)
    21 Apr 2011, 09:54 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    GWMGF is blowing smoke
    21 Apr 2011, 10:15 AM Reply Like
  • ungawah
    , contributor
    Comments (919) | Send Message
     
    There is plenty of smoke from others, so I don't mind a little from Great Western.
    21 Apr 2011, 10:28 AM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    Don't think it'll hold around 0.8 for very long?
    21 Apr 2011, 10:54 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » They are reacting to the shifting market. Its obvious that investers are gravitating toward wild, grandeous promises with frequent fluff announcements - so they are doing what they can. Increasing their planned physical plant capacity from 2.7kmt to 5.0kmt is straight out of the MCP playbook (if the investors like a 22kmt plan, they will like a 44kmt plan twice as much). The fact that their AMP capacity will not be able to match the 5.0kmt level hints at upcoming news that they will also be increasing their AMP line...

     

    And so it goes.

     

    Its good news for those of us who are already holding GWM stock, it helps boost their stature in a market focused on shallow data rather than investable knowledge. Personally I would have been a lot happier with an announcement that the screening for partners was over - that a solid partner able to help build the 2.7kmt facility was signed up - and that work would begin at x date certain.

     

    Playing the "I can double my promises just as easily as you can" game IS an alternative, and can help boost media visibility, but it doesn't really advance the business plan.

     

    It looks like they ARE going to finally do an actual feasibility study (lord help us, I would have thought they were long past that stage, but I guess not), and update the old surveys. I suspect that they will have news blurbs from those efforts which can help them maintain their junior miner position in the listings, but also can be used as a form of shield when their dates inevitably slip.

     

    The news that they are soon to start cleaning up the site is news only in the sense that if they had NOT announced those plans, and commenced the cleanup, they would have been in breach of their agreement with the South Afrikan government. IE, this isn't really news, whereas their NOT commencing the cleanup would have been, and bad news at that.
    21 Apr 2011, 11:10 AM Reply Like
  • Drizzo
    , contributor
    Comments (64) | Send Message
     
    Thanks for sharing your perspective TB. It seems like most of the REE market is caught up in playing a game of smoke & mirrors while they try to get on their feet. I'd be really interested in seeing something concrete like that feasibility study. I'm pretty sure they know their best chances of success are a buy-out or some form of partnership and they are just buttering themselves up for it.
    21 Apr 2011, 02:39 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    That article was poorly conceived , maybe it was the journalist. Just a bad marketing attempt.
    21 Apr 2011, 10:31 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    (GWMGF): Thae "blowing smoke" scenario is what I thought. I just couldn't see much other than a larger tpa output figure.

     

    HardToLove
    21 Apr 2011, 10:58 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Chi,

     

    This one's for you! Re Lynas Crown sale.

     

    investorshub.advfn.com...

     

    Hard numbers can be useful.

     

    I might need some help to get everything right if it's on-going.

     

    BTW, you can sign up free and post ... 18 free per day?

     

    HardToLove
    21 Apr 2011, 11:01 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    HTL,
    We all want the hard numbers. Lynas gave us some in their 2007 presentation. At the end of the presentation, they gave the 2005 JORC numbers and said the market value of the metals in the ground is $50 billion with a 'b'. All of the metals are up since then with many way up. Then they said nothing further; dealt exclusively with Forge and no one else on the sale (no open bidding); then had an 'independent' firm that has the same address as Lynas and has NC' son and follow directors from other companies claim the transaction is fair and reasonable. Lynas further claims it would take a billion dollars to develop Crown even though it has a JORC study, has it's niobium and tantalum is at the surface, is open pit mining and requires no blasting. Finally, Lynas says niobium and tantalum are not core but Moly bought an Estonian Processor claiming the same metals are core because they are used in the same technologies as rare earths. It might be the first time Moly was right IMO.
    This sale is awful. But the facts are so one sided I think Lynas may pull out before the meeting. Time will tell.
    21 Apr 2011, 06:09 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    No it's not just a bad marketing attempt, imo. I think they really want to take on big debt load. Engdahl recently said in an interview that he does not want the company to be acquired. He wants to be the hunter, not the hunted, imo. Anyway, here is the part of the announcement that I reacted to, thinking "OK, he's warning us..." At any rate, I predict in July they will have their financing together and they are going to say
    that this is the best way to proceed QUICKLY, hence the optimism in moving the date up to 2013...

     

    "As previously announced, the Company continues to hold advanced discussions with potential partners regarding a Rare Earth separation plant. Within these discussions, GWMG is evaluating the participation of a financial joint venture partner, the development of an offtake agreement and/or the use of debt for purposes of financing the separation facility. The Company is targeting July 2011 for this decision."

     

    GWMG, in conjunction with institutions considering debt financing for the project, is evaluating whether a feasibility study is necessary to meet financing requirements. In the event that the full feasibility study is not required the overall schedule could be advanced."
    21 Apr 2011, 11:40 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » None of this is really new, OG. Similar pronouncements were made last year, and align with earlier plans, from when they first began dickering for Steenkampskraal.

     

    It would be fun if they could find a bank that would advance them hundreds of millions of dollars for the project, but I wonder how realistic that plan is... The debt would be my personal preference (they can't just dilute themselves the money, their capital base is too small, and the reaction of the shareholders would be dramatic).

     

    Realistically, I still view a JV partnership as the most likely. Banks are just not writing this kind of loan much nowadays, and when they do, they will want collateral which I just don't see on GWM's balance sheet.
    21 Apr 2011, 11:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » seekingalpha.com/insta...

     

    OK, the error message fairie is here, time to move to the new Concentrator...

     

    All ABOOOOOOOOARD!

     

    8888888888888888888888...
    21 Apr 2011, 12:12 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5063) | Send Message
     
    Stans has to do business here!
    news.yahoo.com/s/nm/20...;_ylt=AjVkhqGhJtuhuqnt...
    22 Apr 2011, 06:37 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18024) | Send Message
     
    Maybe the slaughtering will make their pps rise!

     

    HardToLove
    22 Apr 2011, 06:58 PM Reply Like
  • tripleblack
    , contributor
    Comments (13539) | Send Message
     
    Author’s reply » Yep. HREEF probably supplied one of the goats.

     

    I recall a company I worked for had to ship a Harley Davidson motorcycle in a freighter full of our products which we had sold to a foreign government contractor as a "gift" for the government agent. I understand that he intended to ride the motorcycle while reviewing the status of his goat herds.
    23 Apr 2011, 02:13 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • REE/Strategic Minerals Concentrator, March 18, 2014 http://seekingalpha.com/p/1n9hd
    Mar 18, 2014
  • SIlver. (FRMSF.PK) up 8.50%, (SLW) up 7.16%, (GPRLF.PK) up 11.83%. Also (PLG) up 6.19% for the platinum group.
    Nov 4, 2010
  • Conviction picks this week: (NVAX) and (NATUF.PK).
    Oct 24, 2010
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.