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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 buff. Serious investor, I... More
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Stan Bruns Illustrations
  • REE/Strategic Minerals Concentrator, May 30, 2011 157 comments
    May 30, 2011 9:03 AM

    "Tastes Good - Want Some?" by stan bruns (oriental lacquer version)


    3 month chart showing the relative strength of 6 of our favorite REE stocks.  The 3 in the tight top group are the ones to watch, for now, but AVL is stirring and could move back into that range should they receive another round of good analyst coverage and their talkative CEO make the rounds of a receptive media.


    This chart demonstrates the clear dominance of Alkane recently, now being challenged by QRM.
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Comments (157)
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  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    GWMG announced today it is acquiring the last 7% of Rareco in South Africa.Another small piece falls into place.
    30 May 2011, 11:46 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Right you are, Fatfretter. But I think its the last 8.7% of Rareco.

     

    www.raremetalblog.com/...
    30 May 2011, 11:47 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    Actuually, according the article you referenced, its 6.9% ;)
    30 May 2011, 11:53 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » LOL, right you are, I transposed the 3 and the 1.
    30 May 2011, 12:09 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Then we have this article stating it was the last 9%! Whatever, still good for GWMGF holders.

     

    www.rttnews.com/Conten...
    30 May 2011, 02:34 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    (LYSCF): Decent bump up for Lynas' Mt. Weld basket price: now US$181.45.
    30 May 2011, 11:55 AM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    (LYSCF):
    Some interesting events going on with the IAEA in town:

     

    Cons for Lynas:
    (1) Fuziah does indeed have a petition with 50,000 signatures - that seems like a lot.
    (2) Passions rising - nearly had some fighting at the protest site.

     

    Pros for Lynas:
    (1) Anti-Lynas demonstrators in front of the hotel for the IAEA still relatively small in number - only about 150.
    (2) There is now a pro-Lynas (or, rather, pro-IAEA/pro-government) group protesting against the anti-Lynas folks.

     

    www.freemalaysiatoday..../
    30 May 2011, 12:07 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » They could get 50,000 signatures in the US. Just mention "radioactive" and the myrmidons would sign.

     

    One day I might do that, come up with a petition to outlaw the sun as a radioactive menace (but preceded and followed with the usual fringe boiler plate about protecting the futures of our children, the health of our seniors, and recounting all the scary health risks of melanoma. Some garrish operating room pictures, an earnest manner, neatly dressed, clipboards...

     

    No problemo.
    30 May 2011, 12:13 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    I remember a prank in which a professor got some politician or other to start investigating whether or not the extremely corrosive element Oxygen Dihydride should be banned. There were some very upset people when it was learned that the element was in fact common H2O. So your premise is not far fetched.
    31 May 2011, 09:26 AM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    (LYSCF):
    More info on the pro-Lynas group:

     

    www.bernama.com.my/ber...
    30 May 2011, 12:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Good links (no, I'm not talking about golf! I don't do that!) Lafferty! :))

     

    Thanks,
    HardToLove
    30 May 2011, 01:25 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Great Western Minerals Group Ltd. (GWG)
    Exchange: TSX Venture Exchange

     

    $0.800
    May 30, 2011, 12:27 PM EDT
    Change: 0.020 (2.56%)
    Volume: 353,575

     

    Day Low
    0.790
    Day High
    0.810
    52 Week Low
    0.155
    52 Week High
    1.230

     

    just checking in. Also wanted to say a heart felt thank you to all the past and present veterans.... I am grateful that there are people who answer the nation's call. And a special thank you to the Korean and Vietnam veterans who never get the thanks they deserve.
    30 May 2011, 12:54 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    GWMGF from the Schwab site:
    0.8194 +0.0205
    Bid .8194
    Ask .8297
    High .8297
    Low .8092
    Volume 359,975

     

    Vol is light but looks like trend is definitely up! :)
    Yay!
    30 May 2011, 12:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (GWMGF): That high you posted, when converted from CAD would give a US$0.8494.

     

    How do you like them apples! :-))

     

    Since we had already started trending up and we don't know how much the CAD/USD ratio impacts U.S. trading price or who is leading (if anyone is), I wouldn't be surprised to see it go higher... or lower. >:-/

     

    HardToLove
    30 May 2011, 02:04 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    no, I think Schwab already converted that... I just did the end of day conversion and it seems to be the converted into us dollars rate.
    So for the end of the day we are at .8194. Which isn't bad either!
    30 May 2011, 04:26 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    You sure no how to quash "visions of sugar plum fairies dancing in their heads"! :-((

     

    But thanks for the heads up. Better a surprise up, if it comes, than a surprise down when it didn't!

     

    HardToLove
    30 May 2011, 05:49 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    The sun is really a problem and should be blotted out . My skin is becoming very wrinkled.
    30 May 2011, 01:30 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    LoL! Maybe a Lynas solution? Mix the sun with a bunch of lime, make concrete blocks of it and set them off the coast as artificial reefs.

     

    But then, if you're like me approaching some ... "advanced maturity", avoid mirrors as you might be surprised to see the wrinkles still appearing.

     

    HardToLove
    30 May 2011, 02:48 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (LYSCF), LYSDY): A reminder that 5/30 is a holiday in th U.S., so the ASX activity is being included just for continuity.

     

    Also, trading in LYSDY (the U.S. ADR) is halted until the dividend split is over. Trade should resume 6/3/2011. I'm wondring if this might cause a huge volume spike for 2 days as those in LYSDY decide they need to trade something and come to LYSCF. We'll see I guess.

     

    The S&P ASX closed down 0.30* and Lynas traded down 0.9% on marginally reduced volume. The 20 day SMA is ~A$2.19 and rising with the pps still above it. Even with the marginal volume reduction, it seems to me that pps will continue to fall yet as volume is still *very* near the 20 day average volume.

     

    The AUD weakened a tiny bit agains the USD. A currency conversion at this early afternoon time would yield a U.S. price of US$2.4145. So if we were trading today we might have expected to see a 3.5 cent drop from the prior close of US$2.45. An equivalent percentage move would have indicated a US$2.429 if trading today.

     

    Here's last evening's ASX results.

     

    U.S. AM 5/30
    Last.... 2.260
    $+/-.... 0.000
    Bid...... 2.250
    Offer... 2.270
    Open.. 2.270
    High.... 2.270
    Low.... 2.215
    Vol 44/503M

     

    U.S. AM 5/23..... 5/24........ 5/25........ 5/26....... 5/27
    Last.... 2.150.... 2.260..... 2.230..... 2.300..... 2.280
    $+/-... -0.140.... 0.110... -0.030..... 0.070... -0.020
    Bid...... 2.150.... 2.240..... 2.210..... 2.290..... 2.270
    Offer... 2.170.... 2.260..... 2.230..... 2.300.... 2.280
    Open.. 2.260.... 2.170..... 2.240..... 2.270.... 2.300
    High.... 2.270.... 2.260..... 2.260.... 2.300..... 2.320
    Low.... 2.150.... 2.130..... 2.190..... 2.230..... 2.260
    Vol 43.288M 46.177M 48.845M 40.526M 46.179M

     

    HardToLove
    30 May 2011, 01:56 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I see the completion of that Lynas deal involved a minor dilution... Does that dilution take place before or after the reverse split?

     

    Anyone know how many shares Lynas will have outstanding after the reverse split, and how that compares with the number of outstanding?

     

    I never owned a stock that had a reverse split.
    30 May 2011, 03:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    It's not a reverse split, IIUC. The ADRs were a 10:1 relation to LYSCF. Now they will be 1:1. There's really no dilution from this activity, IIUC.

     

    Later when they want to list on one of the exchanges and get off the pinks, they'll likely do the reverse split, probably 1:10.

     

    There has been some recent dilution related to shares for employee options, etc.

     

    I could be wrong.

     

    HardToLove
    30 May 2011, 03:54 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » That's right, HTL.

     

    The dilution that was part of the Sojitz deal has been known about for a long time, and already priced into the stock (its a tiny percentage of the total stock, actually, negligent effect, as are the stock options). The positive effects of the cash flowing 100% to the buildout is the best news possible, though as I indicated earlier, not surprising. Just the good news of a plan finalized and working.
    30 May 2011, 04:08 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I'm not so sure that a reverse split will be necessary for the stock to start trading on a major American exchange. Penny stocks less than a dollar, yes, its a rule. But a stock pushing $3 should present no barriers. I certainly see no reason to make it a $25 stock just because they list on a major exchange. Quest just listed at $7 or so.
    30 May 2011, 04:10 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I don't understand HT... Lets say I owned 3,000 shares of LYSDY, the ADR. Those are priced at around 24. Are you saying that someone that owned 3,000 shares of LYSDY would now see 30,000 shares of LYSDY, but priced the same as LYSCF?

     

    Would LYSDY sill cost less to trade then LYSCF? I don't understand why they are doing this? It sounds like they are just replacing LYSDY with LYSCF... but are we loosing the cost of trading advantage of the ADR status?

     

    Finally, what does IIUC mean?
    30 May 2011, 04:43 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Well your at it, Hard, what does IIRC mean?
    30 May 2011, 05:12 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    IIUC = if I understand correctly
    IIRC = if I recall/remember correctly
    30 May 2011, 05:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    To the split question, yes. 3K->30K, price goes from, e.g., $24.50 to ~$2.45.

     

    As to the acronyms, apologies. I started doing this stuff in the days of tty (30 characters per second and lines were expensive) and abbreviations were "de rigueur" and continues to this day on some technical lists.

     

    But there's help for the folks that must interact with me (I mean, come on - you don't want my posts getting even *longer* when I spell things out do you?).

     

    www.acronymfinder.com/

     

    There's other resources, but this on has both acronyms and abbreviations so that seemed a good one to bookmark if you wish.

     

    HardToLove
    30 May 2011, 05:59 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Yes. A thousand shares of the ADR LYSDY will become 10,000 shares of LYSCF (assuming they don't uplist June 3, in which case it would be 10,000 shares of LYC or whatever the new symbol is). And the price would go down by a similar factor of 10.

     

    So long as the ADR IS an ADR, yes, it would have lower fees than many folks have to pay for Australian trades, though I do wonder if they would keep the same ADR fee times 10, which is a good question...

     

    And "IIUC" means "if I understand correctly", unless HTL has some HTL-specific meaning, which would be cool.
    30 May 2011, 08:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Only "The Fonz" is *that* cool! :-))

     

    HardToLove
    30 May 2011, 09:16 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    CORRECTION: TTYs were 15 cps (characters per second). Our first modems with some really clunky, by today's standards, terminals were 300 baud, about 30 cps.

     

    And when we got our 2400 baud modems (and terminals could be hard-wired to a local computer at 9600), we were "in hog heaven".

     

    I know the distinctions are not important, but I couldn't just let that misstatement just lay there staring at me forever.

     

    HardToLove
    30 May 2011, 09:22 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Thanks for clearing that up HT and Trip.
    30 May 2011, 09:40 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    OK, let's try this again.
    LYSCF is the over the counter.
    LYSDY is the ADR. LYSCF will not replace LYSDY. All that is happening is LYSDY and LYSCF will both have a 1:1 ratio to LYC on the ASX. Below is an expination of OTC's versus ADR's. It also shows why I prefer the ADR to an OTC.

     

    Over the Counter
    The phrase "over-the-counter" can be used to refer to stocks that trade via a dealer network as opposed to on a centralized exchange.OTC securities are traded by broker-dealers who negotiate directly with one another over computer networks and by phone. OTC stocks are generally unlisted stocks which trade on the Over the Counter Bulletin Board (OTCBB) or on the pink sheets.
    In the U.S., over-the-counter trading in stock is carried out by market makers that make markets in OTCBB and Pink Sheets securities using inter-dealer quotation services such as Pink Quote (operated by Pink OTC Markets) and the OTC Bulletin Board (OTCBB). OTC stocks are not usually listed nor traded on any stock exchanges, though exchange listed stocks can be traded OTC on the third market. Although stocks quoted on the OTCBB must comply with U.S. Securities and Exchange Commission (SEC) reporting requirements, other OTC stocks, such as those stocks categorized as Pink Sheets securities, have no reporting requirements, while those stocks categorized as OTCQX have met alternative disclosure guidelines through Pink OTC Markets.
    An over-the-counter contract is a bilateral contract in which two parties agree on how a particular trade or agreement is to be settled in the future. It is usually from an investment bank to its clients directly. Forwards and swaps are prime examples of such contracts. It is mostly done via the computer or the telephone.

     

    American Depositary Receipt
    An American Depositary Receipt (abbreviated ADR) represents ownership in the shares of a non-U.S. company that trades in U.S. financial markets. The stock of many non-US companies trade on US stock exchanges through the use of ADRs. ADRs enable U.S. investors to buy shares in foreign companies without the hazards or inconveniences of cross-border & cross-currency transactions. ADRs carry prices in US dollars, pay dividends in US dollars, and can be traded like the shares of US-based companies.
    Each ADR is issued by a U.S. depository bank and can represent a fraction of a share, a single share, or multiple shares of the foreign stock. An owner of an ADR has the right to obtain the foreign stock it represents, but US investors usually find it more convenient simply to own the ADR. The price of an ADR often tracks the price of the foreign stock in its home market, adjusted for the ratio of ADRs to foreign company shares.
    31 May 2011, 09:58 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Chihawk: Greetings. Adding a bit to your most excellent explanation. Most platforms will reinvest ADR dividends at no cost to the holder while OTC stocks usually don't have that option. Foriegn taxes are withheld on ADR dividends by most platforms as well which is not the case for OTC stocks. Just to make everyone aware of tax liabilities ETC....
    31 May 2011, 11:44 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    That's a very good point robert. Although in my case, investing mostly in juniors, I'd say Orica is about my only chance at a future dividend. I'm usually gone to the next junior before dividends show up. Perhaps Lynas will be the exception for me.
    31 May 2011, 12:10 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    UN panel now involved with Lynas radiation testing for the Malaysian. Panel will not release findings until "next month."

     

    Unclear if that means June or July.

     

    www.businessday.com.au...
    30 May 2011, 04:05 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Here's the answer--panel to decide by the end of June:

     

    www.businessday.com.au...
    30 May 2011, 04:11 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » That tallies with earlier announcements from the Malay govt.
    30 May 2011, 04:30 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Here's how it ended up on Schwab today
    GWMGF
    Last
    0.8194
    Change
    +0.0205
    Bid
    0.8194
    Ask
    0.8297
    High
    0.8297
    Low
    0.8092
    Volume
    429,556
    30 May 2011, 04:17 PM Reply Like
  • Joseph L. Shaefer
    , contributor
    Comments (1734) | Send Message
     
    So Germany is abandoning peaceful atomic power in favor of wind...

     

    Good luck with that! It's a brilliant purely-political decision because 90% of the German Greens platform is blindly don't-bother-me-with-f... "No nukes!" Politically, this decision undercuts them just as they have won their first state election and appeared to be gaining momentum.

     

    But short-term political gain will be swamped by economic reality. I was just in Germany 6 months ago and observed first-hand what was once scenic Thuringian forest and meadowlands now a wall of 200-foot spikes with wind turbines either spinning lazily or not at all. Reading the local papers, I found that most Germans are fed up. "Not in my backyard!" is the new rallying cry when it comes to wind. They all want clean wind energy (it is), they just want it to be steady (it isn't), economical (it isn't) and blocking someone else's view (it won't be.) A lot of chapters yet to be written in this book...
    30 May 2011, 04:42 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Having spent (or misspent) a good portion of my early life on the briny,I can say if the Germans place those windmills in the North Sea,those suckers will spin til the wheels come off.
    30 May 2011, 08:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (GWMGF): "GREAT WESTERN MINERALS GROUP ISSUES FINAL
    INSTALLMENT PAYMENT ON ADVISORY AGREEMENT"

     

    "The final $60,000 monthly installment was paid in May 2011 through the issuance of 79,375 common shares of GWMG at a price of $0.7559 based on the VWAP on the last ten trading days of April 2011."

     

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

     

    HardToLove
    30 May 2011, 09:07 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Small scale dilution on the installment plan. Hope it helps their plans...
    31 May 2011, 08:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (GWMGF): And if Byron Capital's projected $3.50 pps comes to pass, they will have done quite well for themselves.

     

    Needless to say, I wish them a great deal of good fortune in that regard.

     

    HardToLove
    31 May 2011, 08:38 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    www.miningweekly.com/a...

     

    This article may have been previoulsy posted, not sure though. It is regarding the monazite produced by mines adjacent to steenkampsskral
    30 May 2011, 09:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » The idea was discussed earlier, and we had some links, but this one is new to me. Thanks Fatfretter.

     

    GWM once again is demonstrating how being small, agile, and ahead of the curve can translate into a profitable niche.
    31 May 2011, 08:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Lynas up A$.11 this morning down under... I'll not steal HTL's TA thunder, but before this turns into iambic pentameter...

     

    That's good news.

     

    Oh, and DO note the gigantic volume.
    31 May 2011, 08:34 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Note that I've not really attempted any serious TA on Lynas for quite a while.

     

    I'm just playing the mule to carry a little additional info in context of recent ASX behavior right now.

     

    My firm belief is that sometimes events reduce the utility of TA and my results on Lynas (and others) seems to support this, in my own mind anyway.

     

    It could be just me though, being a tyro in this area.

     

    Summary coming up shortly.

     

    HardToLove
    31 May 2011, 08:48 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » HTL, I clearly remember our conversations when I held the opinion that TA (at that particular time, probably relating to GWM and Lynas IIRC) was subordinated by larger events. The REE sector in particular sees a cycling between periods where good technical analysis yields clear benefits, and where news and geopolitical events seize control.

     

    I could not agree more.
    31 May 2011, 09:33 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Just got some very upbeat news from one of my long term strategic investments, North American Tungsten:

     

    Head Office:
    Box 19, #1640 – 1188 West Georgia Street
    Vancouver, BC V6E 4A2
    Ph. 604-684-5300
    Fax 604-684-2992

     

    DATE: May 30, 2011 TSX VENTURE EXCHANGE (NATUF)
    NORTH AMERICAN TUNGSTEN ESTABLISHES SPECIAL COMMITTEE FOR MACTUNG, RELEASES SECOND QUARTER FINANCIAL RESULTS AND PROVIDES AN UPDATE ON CANTUNG OPERATIONS

     

    VANCOUVER, BRITISH COLUMBIA: Mr. Stephen Leahy, Chairman and CEO of North American

     

    Tungsten Corporation Ltd. (the “Company” or “NTC”), announces the formation of a Special Committee for its MacTung Deposit, together with March 31st, 2011, 2nd quarter financial results and an update on operations at the CanTung Mine.

     

    SECOND QUARTER HIGHLIGHTS:
    Special Committee
    The Company’s Board of Directors has formed a Special Committee to evaluate opportunities for its MacTung deposit.

     

    Tungsten prices reach another milestone
    The MB European quotation for Ammonium Paratungstate (“APT”) (has risen to US$463/metric tonne unit (“mtu”) based on a range of (US$460-465). That average has risen 148% from a monthly low of US$187/mtu in July 2009.
    CanTung production improving. The Company has received new production mining equipment during March and April 2011. Production in the third quarter to May 22 was 45,000 mtus, evidencing that output is improving
    significantly.

     

    Financing
    On March 31, 2011 the Company closed a public offering for proceeds of CDN$11,500,000 consisting of 23,000,000 units at a price of $0.50 per unit.

     

    Updated 43-101 Compliant Technical Report

     

    On February 9, 2011 the Company released an updated 43-101 compliant technical report on the Cantung Mine. The Company has increased its probable minerals reserves to an estimated 1,693,000 tons grading 1.17% WO3 as of October, 2010; in addition, indicated mineral resources are
    estimated at 2.45 million tons grading 1.11% WO3 and inferred mineral resources are estimated at 0.43 million tons grading 0.84% WO3.

     

    SPECIAL COMMITTEE
    In order to most effectively and responsively move forward to create greater shareholder value the Company’s Board of Directors has established a special committee to explore all strategic alternatives relating to its 100% owned MacTung deposit. The timing of the Company’s decision takes into account the status of the permitting and licensing, highly favorable tungsten price
    levels, significant global M&A activities, a growing worldwide demand for tungsten and related significant potential shortfalls in worldwide tungsten supply.

     

    Stephen Leahy, Chairman and CEO, stated that the Company’s MacTung tungsten resource is one of the largest high grade undeveloped tungsten-skarn deposits in the World. Ron Erickson, Director and Chairman of the Special Committee of the Board, indicated that an expedited path to exploit the potential of MacTung is the key objective of the Company.
    The National Instrument 43-101 Compliant Technical Report on the MacTung Property – Yukon Canada (“Feasibility Study”) dated April 3, 2009 prepared by Wardrop, A Tetra Tech Company showed a $276 million NPV and a $402 million CAPEX, all based on an Ammonium Paratungstate (“APT”) price of US$300 per mtu.

     

    FINANCIAL RESULTS
    The Company reports a net loss of $7.7 million for the three month period ended March 31, 2011 (“Q2”) and a $7.1 million drain on cash from operating activities before changes in noncash working capital.
    During Q2 concentrate sales totalled $11.4 million, compared with $3.7 million for the three months ended March 31, 2010 (“Q2 2010”). Mine operating costs were $16.7 million including depreciation of $0.60 million which resulted in a negative gross margin of $6.4 million for Q2. In Q2, production was below plan due to development delays and poor underground and mill equipment availability. Concentrate production in this post re-start quarter was significantly
    below plan. Cash flows from operations after changes in non-cash working capital and increase in reclamation deposits were negative $3.0 million in Q2. Shortfalls in tons mined, grade and mill recovery negatively impacted cash flows. Production was 43,728 mtus of tungsten trioxide contained (“WO3”) in concentrates. Tons milled during Q2 were 76,980 tons at a grade of 0.85%
    WO3 and mill recovery was 73.35%.
    Capital expenditures at CanTung for mining equipment, power generation and underground haulage ways were $6.5 million in Q2 compared to $0.15 million in Q2 2010. Expenditures on Mactung were $0.24 million in Q2 compared to $0.30 million in Q2 2010. Cash flows from issuance of capital stock in Q2 were $11.5 million and share issuance costs were $0.78 million. Cash flows from capital lease obligations and equipment and CAT loans increased by $4.7 million in Q2.
    The second quarter financial statements and MD&A were filed on SEDAR for public access and may also be accessed from the Company's website www.natungsten.com//.
    31 May 2011, 08:56 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (LYSCF), (LYSDY): Most important, IMO, check volume on the ASX last P.M. - more than triple the usual. I feel this must be related to the ADR, confirmed in a PDF from Lynas this A.M., 10:1 split. I suspect that the *very* nice pps bump is also related.

     

    However, I note that ARU (ARAFF) and NTU (NOURF) also had decent moves, so there may be more to it than just the split.

     

    While the ASX was up 0/90% last evening, Lynas was up ~4.87% on *very* high volume, as mentioned.

     

    The USD continued to strengthen, relative to the AUD. and a closing price currency conversion would yield a U.S. market price of US$2.5259, let's say US$2.53. However, we have a gap top at US$2.51. I've noted that these often seem to offer some resistance even when they have been filled. This one, from the low of 4/26, is not yet filled. The bottom of the gap, also a potential resistance, is at US$2.45. But we've been here a couple times already, where it apparently provided resistance, and I do figure that we'll blow through it.

     

    If we get a similar percentage pps move, we'll see US$2.57.

     

    Here's last evening's ASX results.

     

    U.S. AM 5/30
    Last.... 2.260.... 2.370
    $+/-.... 0.000.... 0.110
    Bid...... 2.250.... 2.350
    Offer... 2.270.... 2.380
    Open.. 2.270.... 2.270
    High.... 2.270.... 2.380
    Low.... 2.215.... 2.260
    Vol 44/503M 156,118,018

     

    U.S. AM 5/23..... 5/24........ 5/25........ 5/26....... 5/27
    Last.... 2.150.... 2.260..... 2.230..... 2.300..... 2.280
    $+/-... -0.140.... 0.110... -0.030..... 0.070... -0.020
    Bid...... 2.150.... 2.240..... 2.210..... 2.290..... 2.270
    Offer... 2.170.... 2.260..... 2.230..... 2.300.... 2.280
    Open.. 2.260.... 2.170..... 2.240..... 2.270.... 2.300
    High.... 2.270.... 2.260..... 2.260.... 2.300..... 2.320
    Low.... 2.150.... 2.130..... 2.190..... 2.230..... 2.260
    Vol 43.288M 46.177M 48.845M 40.526M 46.179M

     

    HardToLove
    31 May 2011, 09:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » seekingalpha.com/artic...

     

    Another MCP puff piece, but constant hammering (which I am sure will come from the usual solid investment minds which explode these things) seems to be toning down the worst of the pumping abuse in some of these things.

     

    Each individual reader must determine whether his vision is accurate or not. At the moment I believe "not". These guys always accept anything MCP says at face value.

     

    As for the details, the truth is that the lockbox will be emitting 10 million shares today, but an unknown amount of shares from company insiders (last time it was 15million shares "allowed" by JPM), plus whatever shares JPM extracts as their pound of flesh (and which is never mentioned by the pumpers, which would be something over another 1million shares). So we can expect the total float outside the lockbox today to go from about 40million shares to something over 56million shares...

     

    Yet he sees this as a long term bottom, with a sharp rebound coming.

     

    Maybe it will happen, too, if enough folks buy the dream and ignore the cream.
    31 May 2011, 09:13 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    If they want Moly, let them have it. Lynas looks better than ever by all measures. Meanwhile, Moly is grading and planning to start pouring concrete in the desert in the middle of Summer. This will no doubt lead to inevitable delays if it happens as the desert norm is to pour only in the early am hours during the Summer. Doing this lengthens a project and raises costs due to bottlenecks.

     

    But why show a Molydog reality. Smith has been telling them reality does not matter for a while. And at points it really has not. But having watched Lynas build for the last year or so, I can tell you it is insanity to just put timelines down and stare at the calender like most Molydogs do. Considering how disappionting their 'earnings' miss was, I can only imagine what the inevitable delays and slippage will do to this uninformed group of Moly investors. Good luck to them. These days I'm happy just to focus on Lynas and it's first mover advantage.
    31 May 2011, 10:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Sigh. I wish MCP would just get beyond the stock manipulation pump/dump cycle and get real about their plans. I would love to be an investor in a solid REE junior entering an exciting phase of mid-term development, but...

     

    The stock valuation just makes no sense at all, and with the magik lockbox due to pop open in another 90 days (and maybe another timie 90 days past that, plus another 90 days past that), its just too wierd for me.

     

    Unfortunately these manipulative tantrums in the tiny REE space just blacken the entire sector, and make planning difficult for everyone.

     

    Tomorrow, if the lockbox event cycle plays to their prior schedule, we will learn what the insiders have done operating under the protective skirts of JPM and MS, with cheerleading from Rose.

     

    Will we have another 15+ million share dilution to shock the unwary MolyCorp investors?

     

    Will most of the new float end up as short plays?

     

    Sheesh.
    31 May 2011, 10:47 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    DCHAF having a nice open... had 5k premarket and now 71k shares traded and up .0965 +17%

     

    congrats to those that are holding!
    31 May 2011, 09:40 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » DCHAF just filed to buy back some shares (NCIB):

     

    www.raremetalblog.com/...

     

    I don't usually like this move by a junior company the size of Dacha. IF I still held any shares (I don't), I would look strongly at selling at least some of them into this pop, assuming I was in a profitable position.
    31 May 2011, 10:35 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » seekingalpha.com/artic...

     

    In case anyone missed this one. Author is perhaps the best REE write on SA, though I find fault with him anyway (though he IS long Lynas). His arguments against GS are on point.

     

    I believe he is one to follow, of that particular herd.
    31 May 2011, 09:41 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    I agree TB.
    Jeb has written several good articles. He is a Lynas holder, but I think he also puts alot of content in his views. The Goldman critique was easy pickings, but he is right on point as well.
    But reading this takes me back to Moly's March Conference Call in the Q & A when Smith literally said that the distinction between light and heavy rare earths is just a PR move by some companies to promote their stocks. I'll never forget that. How dumb will that sound in a few years?
    31 May 2011, 10:50 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » LOL! In a few years?

     

    How dumb does it sound NOW?

     

    Smith is none-too-bright. He really needs to stick to the script da Boyz at Rose write for him.

     

    Like I said, MCP (and REE, to a much smaller extent, and the fake REE plays China allows westerners to play with while their Cartel is shielded completely from our investment) give the whole REE sector a black eye.
    31 May 2011, 10:56 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Whatup with ANLKY ? Zero volume today,and my limit order on 2000 shares was for 18.10,posted on Thursday past,and never filled.Now its showing 19.98 on inFidelity......did I/we miss something?
    31 May 2011, 10:50 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Alkane went up down under while our markets were closed. No sellers wanted to sell at your offer, which is logical, assuming they are pretty smart.

     

    My Schwab screen is showing the ask at $23.52.

     

    Zero volume. Offers in the $22 range.
    31 May 2011, 11:00 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Glad I got what I got when I got it ! Thanks TB. Just looked and we are still only talking 100 shares @1230 EST,strange,very strange.
    31 May 2011, 12:43 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    I know it will not happen. But I think it would be very cool if a junior had the guts and modern attitude to webcam one of these projects. I know the big boys have DigitalGlobe and so on. But I'd grab a few shares of anything reasonable that was willing to do it publicly. You know on a website or something like that.
    And just to get out in front of the issue, I would NOT but HREEF or TASXF if they did it. But I would still applaud the "live from Kyrgyzstan" feed. Heck, I might even share a little Beshbarmak with Borat and watch the feed.

     

    Beshbarmak - Perhaps the most typical Kyrgyz dish. The dish is meant to be eaten with the hands, not with a knife and fork! - "Besh" means five, and "barmak", finger. Beshbarmak is served when guests arrive and at almost any festive gathering. There is quite a ritual involved in preparing the meal. The simple version of the dish consists of noodles, which are mixed with boiled meat cut into tiny pieces and served with a medium spicy sauce. Bouillon is then poured over the mixture.

     

    Generally, a sheep is slaughtered, butchered and boiled in a large “ kazan ” (a large round pot) for a couple of hours. The bones with the meat still on them are then distributed to the assembled gathering. The oldest people and honoured guests are presented with the choicest bones first of all. The guest of honour is presented with the head – and by tradition should have the sheep's eyes. To the “Alksakals” – old men – go the thigh bone (“jambash”) – to the older women goes the fat tail (“kuiruk”). The legs and shoulders are distributed to the young adults present – and the smaller bones are reserved for the daughter in law of the household. Some meat is diced and and mixed with boiled noodles.

     

    YUMMMMMM!
    31 May 2011, 12:19 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Chi, I agree, webcam would be a creative method of taking a junior penny viral... They really should consider it. Of course, it would not work well for the huge majority of junior explorers, except as a low quality nature show, the camera showing a rocky expanse with an occasional insect flitting across a wilderness scene.

     

    LOL, (REE) could have a webcam focused on the file drawer where their "company" lives in that 420 square foot office in Canadfa.

     

    HREEF could have a webcam showing all the broken down dumptrucks with flat tires sitting on rusty rims, or the empty building where the front 2/3 of their concentration plant used to be.

     

    The sound of slowly dripping water from the cracked ceiling would be sort of gothic...
    31 May 2011, 12:31 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB wrote: Of course, it would not work well for the huge majority of junior explorers, except as a low quality nature show, the camera showing a rocky expanse with an occasional insect flitting across a wilderness scene.

     

    But that's it TB! You nailed it.
    The juniors I've lost money in nearly all had one thing in common. They never got built. And it's not that they stopped half-way, most never got started. They remained a rocky expanse as you correctly put it. The web cam would show a lot of confidence that they will build and it would allow me to monitor progress in real time. From a company point of view, it not only would go viral quickly, it would build shareholder loyalty big time.
    Talk about a win win for almost no cost!
    31 May 2011, 01:18 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    LOL, the file cam.
    How many of these REE investors would insist the file cabinet was growing while they stare at the filecam?

     

    As for HREEF I've got a joke for ya... What do you call a superfund site in Kyrgyzstan?..........A heavy rare earth processing plant.
    Now that's marketing baby!

     

    I think the idea is past it's value for Lynas and would be detrimental to Molyfraud, but Arafura should do it at Nolans and Whyalla. I would buy those guys if they showed that kind of confidence.
    31 May 2011, 01:05 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I'll defer to HTL on the pink GWMGF but on the Schwab one the volume is lighter than the last 3 days. It is 1pm and they just cleared 500k. Remember last Friday they cleared a million at 2 pm.

     

    So.... I am not sure it means anything but just pointing that out. Also (since Toronto was open yesterday... it seems like they are taking back that gain for the moment)
    GWMGF
    Last 0.8054
    Change -0.0207
    31 May 2011, 01:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (GWMGF): Volume so far seems like we'll be lucky to match Friday's if the usual early afternoon doldrums set in. But it won't be a big difference - we've already got ~439K at 13:30 vs Friday's total of 531.7K.

     

    The good news is the pinks are pushing up on the 50 day SMA and some other indicators are saying higher is the current trend. We hit a high today, so far of $0.83 and I think it really wants to get to $0.84 over the next day or two.

     

    That should give us at least a pause unless we are in the midst of a "stealth breakout" to the upside.

     

    It's due, overdue, past due, undue, and re-due (sic). I wish it would hurry up and "due, due, due what you due to me"!

     

    HardToLove
    31 May 2011, 01:36 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    HTL,
    The pinks seems to have the more volume... the Schwab has been over a million Thursday and Friday, I think. Schwab has the av vol at 736,421 so we may get there but I doubt it.

     

    Should be interesting if they play the last hour games and to see if the 5 min. left guy shows up.
    31 May 2011, 02:43 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Hawk: Appreciate your detailed explanation about Lynas!

     

    "Molyfraud!" LOL. Brilliant.

     

    Maybe REE could put Skoal and Dr. Pepper decals on that desk draw; make some revenues to pay for the filecam!
    31 May 2011, 01:46 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » They could put a Global Monitoring Station thermometer on it (hey, I know its inside an office, but it would be just as valid as the real ones they screw onto air conditioners and on the sunny side of buildings) and get government grant money.
    31 May 2011, 02:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Well, if we're into wordplay, "MolyCorpse", since they are "risen from the (almost) dead"? And that leads to "ZombieCorpse".

     

    Not predicting the future, but just looking at the "resurrection".

     

    HardToLove
    31 May 2011, 02:34 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Skoal and Dr. Pepper decals

     

    Love it Maya. Give it that warehouse feel.

     

    As Foxworthy might say:
    If you have Skoal and Dr. Pepper decals on a dirty file cabinet but no employees or construction....YOUUUU... might be a redneck rare earth company.:-)
    31 May 2011, 02:01 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Quite a spread in direction between the different rare earth stocks today. And not much news to support any of it. Odd day IMO.
    31 May 2011, 02:08 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » MCP lockbox days ARE odd days, in everybody's opinion.

     

    Little sign of the shares entering the market just yet...

     

    Maybe it really doesn't happen until after hours trading (keeps the riff-raff out of the dark pool, y'know).
    31 May 2011, 02:18 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13495) | Send Message
     
    Any opinions about China's move to centralize REE trading starting with Mongolia's RE exchange? It seems like RE is finding legs now. Do you think this plays a factor?
    31 May 2011, 02:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I said a year ago that China would build a Cartel, and she has. This is just a natural consequence.
    31 May 2011, 02:19 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    that's why I would like GWMGF to go with a non - chinese partner. I know you think they may not really have a choice but I think they would be better served in the long run with out Chinese help. I know I know, It all depends on the terms of the deal. But what else can I do but speculate while watching the gwmgf paint dry!
    31 May 2011, 02:50 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    What do you make of Neo Mat today... Up second day in a row (%3) on reasonable volume (150k)...
    31 May 2011, 02:51 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Neo is in some ways reacting to the same market forces which are lifting Dacha, the spot prices for REEs. Like Dacha, they have inventory, orders and the remaining materials from their Chinese sources which, once they are reworked by Neo, become priced at ex-China world prices with large markups. In the marginal gap before any western sources enter that ex-China market, they enjoy a short term advantage.
    31 May 2011, 03:02 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    A big dog is barking up the REE tree. finance.yahoo.com/news...
    31 May 2011, 03:30 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    how 'bout VALE and GWMGF? :)
    31 May 2011, 03:35 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    That sounds like it would be a logical partnership, aqwert.
    www.vale.com/en-us/inv...
    31 May 2011, 03:43 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Wouldn't that be special? LOL.
    31 May 2011, 03:49 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I would expect Vale to first acquire some Brazilian projects (as I recall, there is one uranium project which has strong REE byproducts).
    31 May 2011, 04:22 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    RE: VALE looking to Brazil projects...Neo or the unlisted Companhia Brasileira de Metalurgie e Mineracao or ??? - based on politics, it might be a sovereignty thing to protect CBMM from the foreign interests first.
    www.bbc.co.uk/news/wor...
    money.msn.com/top-stoc...
    www.indmin.com/Article...
    31 May 2011, 06:01 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Yes, my thinking as well. Brazil is very aware of the need to retain control of strategic commodity assets. They are also geopolitically aware, even ambitious, and have a long-running nuclear research effort. REEs are often found along with uranium and thorium.
    31 May 2011, 06:12 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    Angola is another country besides Brazil which speaks Portuguese. It has rare earths, too. Perhaps Vale might take more of an interest there as well in addition to developing deposits at home.
    www.proactiveinvestors...
    www.afriqueavenir.org/.../
    31 May 2011, 08:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Interesting linkage, VB.... Subtle. I like it.
    1 Jun 2011, 07:47 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    I wrote that when I was mulling it over, still hemming and hawing. Now I think it is a distinct possibility.
    The two countries relate to each other culturally as former Portuguese colonies. They trade well across the ocean. They both have a generous amount of mineral wealth. Both countries don't want to be dominated by China or anyone else. They both are in need of more technical knowledge.
    The last thought makes me think that Vale might be interested in joint venturing with Great Western or Frontier. They could conceivably put up much of the money for the separation plants in South Africa in exchange for gaining technical knowledge as well a fraction of the profits. (Keeping in mind that each deposit and associated metallurgy is different.)
    1 Jun 2011, 09:38 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    "The two countries relate to each other culturally as former Portuguese colonies."

     

    I have to disagree. Having been to Lisbon and knowing a few Portuguese nationals I got a different impression. In Lisbon, there was discomfort with the Angola immigrants. And I'd say Angola feels exploited more than culturally aligned with Portugal. Civil war and independence in Angola is more recent then say Brazil. And the scars of such are obvious to me (as of ten years ago). I would say Brazil and Portugal relate. But Angola was a different colony than Brazil and the Portugal approach was different too. Imperialism was complicated and practiced in many different ways with many different effects.
    1 Jun 2011, 10:14 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    I agree that relations are complicated because of the imperialism factors. I appears that both countries have outgrown any thought of dependence on the mother country and are in the process of relating to each other. This is about Brazil and Angola trading with each other without using Portugal as an intermediary. Brazilian investment has helped Angola recover from the civil war. Many Brazilians are of Angolan descent. Angola would not want to feel dominated by Brazil. More trading and communication will help the relations. The Community of Portuguese Speaking Countries, cplp.org, has more information.
    1 Jun 2011, 10:44 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Schwab GWMGF ...volume picked up considerably at 3 pm

     

    at 3:00 .8153 539, 878
    at 3:01 .8153 701,378

     

    now at 3:38 .8258 787,108
    31 May 2011, 03:42 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    ok here/s how it ended up GWMGF
    Last .8259
    Change 0
    Bid .8053
    Ask .8259
    High .8362
    Low .8053
    Volume 888,058

     

    as you can see the last hour brought in 39% of the days vol....
    (approx. as I am not a math whiz by any stretch)

     

    Time (ET)3:59:20 PM
    31 May 2011, 04:24 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    What's with the vol numbers on Lynas? 135M shares? Is it related to the ADR conversion?
    31 May 2011, 03:45 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Which Lynas? (LYSCF) is showing 825,277 ATM. I would expect higher volume on (LYSDY) with the split having been accomplished.

     

    HardToLove
    31 May 2011, 03:51 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Sorry, I was looking at the vol posted on the ASX site… go down the LYC page and look at the vol in the Closing prices chart for 31 May.. It shows the vol today as 135,735,067 shares. That's nearly three times (2.83) the size of the next largest trading vol on 25 May (47,988,468).
    31 May 2011, 04:12 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Yea!! The mouse is back....I like it! There was some discussion of this above, FPA. That was the speculation. People wanting to trade Lynas who had their previous weapon-of-choice suspended/altered. Also worth noting (as HTL did above already) was that volume in general was very strong down under...Lynas was, percentage-wise, a greater increase, though...no doubt. Volume started strong here today and then faded.
    31 May 2011, 04:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    You're a victim of the SA failure to flag new comments. Above, this morning, I included a warning about the volume on the ASX.

     

    seekingalpha.com/insta...

     

    I reported this bug months ago originally. Maybe if *everyone* reports it *now* again, it'll get some attention. They've just hired a new Tech QC manager.

     

    Just send an e-mail to support@seekingalpha.com.

     

    HardToLove
    31 May 2011, 05:30 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    I have seen the back-and-forth regarding Lynas above and in the previous concentrator...
    The only question I, personally, am concerned with is....will there be another good buying opp before more good news comes and moves this to a new range?!?
    I have spent more time pondering this question....than I have what aweful things may be in store for Lynas and pps due to Malaysia or any other potential malady - so that tells you where my sentiment lies.
    Lynas has a clear lead in an emerging market/industry and their path is no less clearer than any of the nearest competitors to market. One could easily argue, in fact, that their path is clearer due to the number of obstacles they have already overcome and the momentum which has been created.
    Everyone knows a journey like this will be frought with hurdles...all part of the race.
    If you were watching a race (a car race, let's say)...and betting on it...If a car came out with a 1 lap lead, new tires, and a full tank of gas...would you put your money on either a) no one to win the race or b) the 2nd or 3rd place car who is still needing to pit and hasn't seen that wreck just around the next turn?
    Or if you like the ponies...
    ...have you ever seen footage of the 1973 Belmont?
    31 May 2011, 04:40 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    31 lengths... Greatest Horse of all time (next to Man o' War :~) I witnessed the derby that year from the infield...

     

    With respect to the Vale threat, I was wondering when some good headwind would pop up now that Malaysia is falling out of favor...

     

    IMO the whole REE industry is predicated on demand which IMO is and will continue to accelerate at an exponential rate... As I commented on another blog, there are new uses being discovered every day and the existing applications are themselves demanding greater quantities... I read a couple of days ago that the new stealth helicopter used in the Bin Laden affair reportedly used significant REEs... It has recently been discovered that structural steel has significantly less corrosion when coated with REOs (Imagine the quantities there)... Neo Materials is a company dedicated to discovering new uses for REOs/Metal, and there are others...

     

    Back to your analogy, the real money didn't come from the horse races... the greatest benefit was from stud fee's...
    31 May 2011, 08:53 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Toly, That is really good stuff (and story). That is why I keep bringing up the fact that Lynas IS mining and asking questions and doing research about the potential for the raw material. If you are NC, you are lining up plan B,C,D and E right now.
    I believe they will have Malaysian LAMP or sell raw material in the interim until they find alternative and/or both. They have "the world's richest REE deposit" and they are mining it.

     

    But...right now...bad news down under...

     

    resourceinvestingnews....

     

    I don't want to be the guy who is blindly optimistic. I usually stay focused on the prize...but this isn't good news no matter how you slice it. Save your butt and throw everyone under the bus...I think this guy has a future in American politics
    31 May 2011, 09:36 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    RainWater, Same story different messenger... I have read some of Yoolim Lee's "journalism" before... I'm still trying to figure out how 12 year tax break to attract technological industry to a stagnant Malaysian economy has anything to do with a international study "auditing" the impact analysis that defines the process for rare earth separation...

     

    I am surprised however, at how much was included about Najib and his vision for the future... Najib is well respected and has demonstrated his commitment to progressive and transparent government...

     

    I think the next biggest discussion will be just what kind of growth will best serve Lynas in the future... Organic growth is already occurring with the expansion, and M&A is on the horizon... I really like Neo Materials as it would create vertical integration that would be accretive to the bottom line... Neo is involved with some very exciting R&D and needs to have a reliable feedstock source to effectively create and market REE applications...

     

    This is the stuff of future discussions I guess, but IMO this Malaysian thing should be resolved peacefully...

     

    BTW who do you like in the Belmont? (It's a mile and 3/4's this year?)
    31 May 2011, 10:39 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Toly: Thanks for the POV on Najib. Honestly, had one eye on the story and one on a basketball game...needed that info.
    I have brought up Neo in relation to Lynas numerous times here. They have a history...and it apparently didn't end well. I would, otherwise, think them to be obvious potential partners.
    I'm for transparent govt...not necessarily progressive govt - can mean alot of things. But, if your take on Najib is accurate, he should take a bold stand and clearly state the (good) reasons they brought Lynas there...assuming they have them.
    I, too have maintained the position, and still do, that the Malaysian thing will end in Lynas' favor. I just want more add opps in the mean time.
    As for the ponies...I am ashamed to say I have been a bit too busy this Spring (something I normally try and avoid) to pay close enough attention to make an informed choice.
    I like the fast horse that can go long...how's that??
    31 May 2011, 11:52 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » ....especially for the winner.
    1 Jun 2011, 07:49 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Same lie, told over and over, remains a lie.

     

    At this point, it ceases to be news and becomes an agenda.

     

    The findings of the IAEA team are important at this point. And as for the next buying opp between now and their report...

     

    Perhaps a new green rally in Malaysia would bring in more than a few hundred nutcases, but even should it not, I suspect they will try one more time over the next 3 weeks to grab headlines, and there might be another buying opp (just like Monday last week).

     

    Otherwise, it just comes down to expectations and judgement. I believe the IAEA team will give the plant a go-ahead. Should that happen, investing any time between now and the release of that report represents a buying opp. If one believes that the IAEA will NOT give them a green light, then its time to sell out.

     

    Its a very clear cut equation, for anyone who has a firm opinion.

     

    If there is doubt...

     

    LOL, back to square one.
    1 Jun 2011, 07:56 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Toly...you must have been a young buck in the infield in '73, ya?
    I was a mere 6mos
    1 Jun 2011, 10:48 AM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    Yeah, first year in college, we took a road trip down there... I still don't remember a lot, that was the time we were introduced to mint julips...

     

    I do remember watching Secretariat and I think I had a 5 dollar win ticket which to the day I wish I hadn't cashed...
    1 Jun 2011, 02:35 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    I will guess there will be another good buying opp created by some sort of general panic/doldrums down under followed by a lull...then news from the Malaysian situation with a new, slightly altered, timeline but basic approval nonetheless and then BOOMTIME. JMHG
    Keep in mind there can be other good news released at any time propping up pps in the interim...Don't forget, they are mining ore now. And who else is????
    31 May 2011, 04:44 PM Reply Like
  • jwojo6827
    , contributor
    Comments (3) | Send Message
     
    Lynas is being added to the MSCI World Index tomorrow. There was much buying of LYC.AX at the close downunder most likely for this reason.
    31 May 2011, 07:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks for the update, jwojo.
    1 Jun 2011, 08:00 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    And I don't get it...the people who look the worst is the Malaysian govt. You give a co. 12 yrs tax break BECAUSE no one else will have them (due to risk). Wow....desperate...or dumb. I read the stoy 4 times and it still made no sense. Shouldn't a desperate co. who no one else will take be forced to take a deal with little or no tax breaks.
    Malaysia is clearly not Austin
    31 May 2011, 09:38 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Rain,
    That's because the media has made Lynas and Curtis look desperate to you with their false reporting. Lynas has been clear. After reviewing choices to build in China, WA, and Malaysia they ended up following through on Malaysia. Malaysia wants Lynas. And Lynas wants Malaysia. All of this reporting has given the bed wetters something to wet about while the rest of us grab more shares on the cheap.
    1 Jun 2011, 12:41 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Precisely. This is one decision Curtis made which clearly was the correct one, even given the current enviro-tempest in a teacup.
    1 Jun 2011, 08:02 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Yes, I realize...that was my point...they (Lynas) aren't really desperate and the Malaysian govt knows that. If anyone is desperate, its the Malaysian govt...obviously. The 12 yr tax break proves it.
    1 Jun 2011, 10:27 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    LYC: - 1.266 PPS: 2.34

     

    NTU: +1.911 PPS: .80
    31 May 2011, 10:51 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    GWMG audio video web event tommorow with Engdahl ...should be interesting
    31 May 2011, 11:00 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » We can hope for some meat along with the veggies.

     

    The news could be a signed deal with the titanium miners to process their waste for REEs, plus get paid to store their thorium. That would be good.

     

    Better yet, a deal (perhaps even with the same group) for a joint venture to build the Steeenkampskraal Concentrator plant.

     

    Just getting face time to put the narrative out could be worth a mild increase...

     

    A signed deal with the titanium guys would be worth a nice pop...

     

    And putting the Concentrator Plant on a solid footing with a schedule could put GWM back over $1.

     

    Hope springs eternal.
    1 Jun 2011, 08:06 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I would prefer that they announce a titanium deal first.... then a few weeks later they announce the JV. That way we get two pops and get it on the radars of the traders.
    But I will take good news of any kind. What ever it is it did not leak out yesterday that is for sure.
    1 Jun 2011, 09:01 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (LYSCF), (LYSDY): More in the news.

     

    Well, might be some reason starting to appear, as one person meeting with the panel was satisfied with it, or not, as "The Usual Suspect" was not.

     

    "Protests as nuke panel meets reps"
    www.malaysianbar.org.m...

     

    Here, the IAEA lead says "We don't do politics, 'Just the facts maam'". Not much more in "Foreign experts begin Lynas probe".
    thestar.com.my/news/st...

     

    This Star article has more information about the activities relating to the panel. "Reps from 11 groups meet foreign panel over Lynas issue".
    thestar.com.my/news/st...

     

    At last, a serious environmental concern is expressed rationally when the use of 500 tons per hour of water is said to be used by the plant. Unfortunately, to sell I guess, the focus and title were on "rowdiness" in "Lynas public submissions turn rowdy".
    thestar.com.my/news/st...

     

    Raising the "Drama" level, one of the protest leaders decides not to attend, claiming safety concerns in "Protest group leader fears for safety following attack during Lynas public hearing".
    thestar.com.my/news/st...

     

    Misleading headline, "IAEA panel indicates Lynas plant meets standards, says Ti" should say something like "can be regulated to meet safety standards", as the body of the article states.
    www.themalaysianinside.../

     

    Also slightly misleading is "IAEA panel confident Lynas plant won’t harm residents", but it's a short article with not much else in it, so I leave it to you to ferret out what the headling should've said.
    www.themalaysianinside.../

     

    In "Pro-Lynas group bullies protestors as IAEA panel meets", there's nothing to see, just move along. (Ab)normal human behavior?
    www.themalaysianinside.../

     

    Ah, but here, the protestors forgo their 3 P.M. slot to appear due to the "ruckus". "Anti-Lynas group no show after morning ruckus".
    www.themalaysianinside.../

     

    A fair consideration is the Malaysian AELB competancy. One suggestion is to get them to "tighten" up, since they have no monitoring plan in place, apparently. "AELB under scrutiny in rare earths review".
    www.themalaysianinside.../

     

    Here again is the tactic of shifting to ecomonic issues conjoined to an insistance that the plant will pollute everything in sight in "Anti-Lynas group insists Gebeng plant risks outstrip gains".
    www.themalaysianinside.../

     

    The last-ditch effort is set in place by boycott now. Later on they can claim dissatifaction since they were not able to present all the things they wished do to the fear for their safety. That is my humble opinion. "IAEA panel visits Lynas plant".
    www.themalaysianinside.../

     

    HardToLove
    1 Jun 2011, 07:29 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » HTL, one of the prime requirements for locating there (and this was prompted by the wishes of the Malay govt., not Lynas) was the large quantities of water. As I understand it, however, Lynas will recycle much of the water intake, so I suspect that is a gross initial number and not a net, ongoing useage number. I encountered a similar situation with a plant I helped build in Wisconsin back when. For some reason the local water manager simply could not understand that we would need a LOT of water when we first started up the plant (filling the fire suppression system and its reservoir, for instance), but not nearly so much on an ongoing basis. He got belligerent during the meeting when we explained that we would only flush the various systems from time to time, and would therefore average a lot less demand, though have an occasional peak demand much higher.
    1 Jun 2011, 08:12 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    HTL,
    This was a great summary. I agree with all of it and it saved me a lot of time. THANK YOU VERY MUCH HTL!!!!!!!!!!!!!
    1 Jun 2011, 02:35 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    My pleasure and mission!

     

    HardToLove
    1 Jun 2011, 02:44 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    You do a lot of good summaries and reference materials. But this one was even easier to follow and informative than most. Mission accomplished my friend.
    1 Jun 2011, 02:49 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    sp1.actemarketing.com/...

     

    in case anyone needs the link to the GWMGF conference call. Scheduled for 11 am est.
    1 Jun 2011, 08:34 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks, aqwert.
    1 Jun 2011, 08:39 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    ooookaayyyyyyyyyy....
    GWMGF has traded 200 sh on the pinks
    on Schwab it has traded 45k and is at .8145.... down .01

     

    that is weird even by its own standards....

     

    Is it halted?
    1 Jun 2011, 09:40 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Adding IAALF @ $.19.
    1 Jun 2011, 09:43 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    I think that is a good add TB. I'm not in, but this stock looks good to me.
    1 Jun 2011, 10:15 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Don't read much into it...just interesting to note NOURF trading here disaligning itself from the asx...or aligning itself closer to it, however you wish to view it. Haven't seen that much. Some would say it's available at a discount!
    1 Jun 2011, 10:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » www.molycorp.com/webca...

     

    MCP conference call at 12:00 est.

     

    Everyone hold onto the saddle, the ride is about to go rodeo.
    1 Jun 2011, 11:17 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Thanks Moly.
    Same half truths, vagueness, and misleading comments. No updates or details on the false statements. Same scripted Q & A as well. I can't even get mad at these guys anymore. They just seem too irrelevant to me as a long term investor. I am ashamed they are in America. But even that does not matter much to me.
    For short term investors...The stock didn't move during the presentation either. This thing trades on air- zero fundamentals and zero ways to really know the fundamentals.
    1 Jun 2011, 01:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks Chi. Frankly, I just can't stand to listen to them on these things.
    1 Jun 2011, 01:28 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    It just goes to show that owning a generous supply of rare earth isn't the only consideration, imo.
    1 Jun 2011, 01:34 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    I'm right behind ya on that thought.
    1 Jun 2011, 02:01 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » MCP just dropped, down 3% or so....
    1 Jun 2011, 11:17 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Lynas just flipped negative, down over 2%... No coincidence. Lockbox effect is coming, full force... Darnit.
    1 Jun 2011, 11:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » oilprice.com/Metals/Co...

     

    More favorable press for MCP, but mentions Lynas. Fluffy.
    1 Jun 2011, 11:24 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Tb,
    We have some pretty nice out performance by REE (AKA The file cabinet). Perhaps, filecam is gaining momentum? Rumor is they are in talks with Skoal and Dr. Pepper. At least that's Maya and I's rumor anyway.:-)
    1 Jun 2011, 11:49 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Will we have an IR camera inside the drawers to note any hanky panky going on in the dark? Inquiring minds want to know. Is any other tobacco company involved? Say a cigarette manufacturer? Hmmmm?
    1 Jun 2011, 12:24 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Boy a lot of lipstick and rouge on this NY hoe today.
    The basket (case) trade of HREEF, GDLNF, and REE is going OK. But overall this day is a mild mess IMO.
    1 Jun 2011, 12:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Sold off HREEF with a 20% gain... Long gone from GDLNF, though I keep an eye on them... REE I would not touch with a light saber...

     

    MCP conference call ongoing, maybe done, I wonder what happened?
    1 Jun 2011, 01:07 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    No, I know you did well with HREEF. And I know you are tempted to trade any stock when I trash it. I guess it's your Chihawk indicator.:-) Of course I'll play my jester role while they go up again. And you may do well like Houdini again and again. But I wouldn't try it.

     

    So, full disclosure, on fundamentals, these are my biggest clowns.
    1 Jun 2011, 02:30 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Uh, not really that mild at this point. I feel a Lynas buy coming up pretty soon IMO.
    1 Jun 2011, 02:37 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Its all good, Chi.
    1 Jun 2011, 07:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    (LYSCF), (LYSDY): Too late to be of much use, but wanted to keep some continuity going here.

     

    S&P ASX closed down 0.001% and Lynas down ~1.7%. Still above the 20 day SMA,~A$2.23.

     

    Currency conversion, as the dollar, in the form of (DXY), continues its precipitous slide confounding all the folks saying we were in a dollar bull mode, would yield US$2.4886, call it US$2.49. A similar percentage move would give US$2.48.

     

    One technical note: on the charts in the U.S. market, each "wave" since 5/4 has made higher highs an lows, honoring a trend line support started 3/15. If this pattern holds, we should see a move to around US$2.35 or so, depending on how long it takes. Do not that the lows are rising faster than the highs, so we are seeing range compression - a consolidation trait.

     

    Here's last evening's result down under.

     

    U.S. AM 5/30........ 5/31....... 6/1
    Last.... 2.260...... 2.370... 2.330
    $+/-.... 0.000...... 0.110... 0.040
    Bid...... 2.250...... 2.350.... 2.330
    Offer... 2.270...... 2.380.... 2.340
    Open.. 2.270..... 2.270..... 2.340
    High.... 2.270..... 2.380..... 2.360
    Low.... 2.215...... 2.260..... 2.310
    Vol 44/503M 156.118M 48.816M

     

    U.S. AM 5/23..... 5/24........ 5/25........ 5/26....... 5/27
    Last.... 2.150.... 2.260..... 2.230..... 2.300..... 2.280
    $+/-... -0.140.... 0.110... -0.030..... 0.070... -0.020
    Bid...... 2.150.... 2.240..... 2.210..... 2.290..... 2.270
    Offer... 2.170.... 2.260..... 2.230..... 2.300.... 2.280
    Open.. 2.260.... 2.170..... 2.240..... 2.270.... 2.300
    High.... 2.270.... 2.260..... 2.260.... 2.300..... 2.320
    Low.... 2.150.... 2.130..... 2.190..... 2.230..... 2.260
    Vol 43.288M 46.177M 48.845M 40.526M 46.179M

     

    HardToLove
    1 Jun 2011, 01:19 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Well, Smith rapped and the MCP decline accelerated. Total joke in my opinion.
    1 Jun 2011, 01:21 PM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    (seekingalpha.com/symbo...) My impressions of the Great Western conference call today.

     

    -Ho-hum presentation with no new details but I am not surprised nor bothered by this as I know management is conservative and will make the necessary announcements when the time is right.

     

    - A little shocked by the lack of initial questions although I have no way of knowing how many people were actual listening in. Questions did increase as time went on.

     

    - Overall the answers to the questions left me feeling very confident in the companies future prospects, some answers that stood out are (no particular order):

     

    1) Market didn't understand the significance of the Aichi announcement. Aichi requires the a top notch product and chose to reaffirm its relationship with GWG. This relationship alone will eventually require subsidiaries of GWG to increase production capacity 5-6x of current expansion plans. Further agreement likely forthcoming.

     

    2) Owners of Steenkampskrall originally had agreement with South African banks to finance up to 60% of capital needs, this is one option that is currently being explored and is a real possibility.

     

    3) Off-take agreement with Aichi or someone else is another strong possibility and likely the next major announcement.

     

    4) Cerium / Lanthium etc will be a by-product and sold in oxide form, can undercut pricing as this is not the core of their business.

     

    5) Have seen significant new institutional ownership of late. I think presentation showed 39%.

     

    6) Expects several new brokerage reports over the next 6 months with a noticeable uptick in analystis inquiries.

     

    7) Understands the market may value drill holes and resource size. The first priority of work at Steen will be to get N43-101 however, the secondary goal will be to expand the resource which they are very optimistic about.

     

    8) Acknowledges they are still misunderstood by market as their potential earnings/revenue growth is meteoric even under their conservative pricing model. They will take steps to better explain this to market once some addtional work is done at Steen.

     

    9) Further dilution through new issue extremely low on the list. Approximately 57 million warrants still outstanding with most in the money which will be a source of financing as well.

     

    Disclosure: Long GWMGF and LYSCF

     

    Best,
    Matt
    1 Jun 2011, 01:28 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Thank you Matt.
    1 Jun 2011, 01:39 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks Matt. Nothing new, but reassuring. I'm just impatient with the dickering to get a partner to get Steenkampskraal up and running.
    1 Jun 2011, 02:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19491) | Send Message
     
    Thank you Matt! I screwed up my login and wasn't able to listen in.

     

    HardToLove
    1 Jun 2011, 02:27 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    thanks for the post, Matt. I also listened in and while I was hoping to hear something new. However, I thought the tone was VERY optimistic and upbeat! He also sounded like things were going to happen quickly (previously he said the permit would be within wekks if not days) so I tend to take him at his word.
    I am thinking that perhaps the delay was in their favor. .. in the sense that the situation for securing REEs has only gotten worse so maybe that works for them instead of against them.
    Either way, I am holding. Still waiting the big ride of course....
    1 Jun 2011, 02:59 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    D-Matt: Thanks. The same two REE positions you hold, are the only ones I hold. Great summation!
    1 Jun 2011, 03:32 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Hmmm...

     

    Looks like they have finance issues. Even including a Sumitomo deal which is not in hand yet, they are coming up $100million short. Smith very reluctantly admitted that their government guaranteed loan had failed under the first tranch Sec. 1705, but they are now reapplying under Sec. 1703... Hitachi deal is nowhere to be seen, with vague estimate of getting it done by Q3...

     

    Did not help the stock price at all, as Chi already pointed out.

     

    Crap, this is looking bad for them, and liable to suck down quite a swath of the REE sector with them if they crater.

     

    I am hoping that Lynas and GWM can maneuver away from the undertow.
    1 Jun 2011, 01:38 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    No doubt we will see increased short interest behind this. Keep in mind that they are doing another lock box event but that strategy seems as though it may not be having good results. Should the PPS retreat below $20 I may reenter.
    1 Jun 2011, 02:03 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    Did you notice in the Funding slide where Sumitomo is listed the footnote "1" is still there but the footnote appears lost. That sloppy/dishonest behavior has become rampant with Moly. Love the new heavies matter when I like them and when Smith doesn't they are a fraud (believe it or not Smith's word (insert kettle/pot here)). And the Xorbex is an India and a water play together claim is the best.
    Q& A also asked about precious metals. I mean the darn thing was scripted to hit every momentum thing out there for the last five years (India/China, water, green tech, recycling savings, new technology, and an irrelevant node to precious metals in the tailings). I assume they will put nano tech and algae in their next script.

     

    But all we have to do is play Lynas through production then stay long while Moly falls apart and extends the Lynas first mover advantage. It really is an easy trade IMO. And if Arafura is anywhere near a buck after Lynas production and NTU drill results I might get in them as the ultimate Moly collapse play. Either that or I'll go back to the GW frustration with the rest of you. But honestly, I hope AND think Great Western will go well IMO. Just playing the GW money in LYC and NTU for the moment.
    1 Jun 2011, 02:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Robert, it could go that low, but I'm sticking with my $38 Buy@ target.
    1 Jun 2011, 02:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » seekingalpha.com/insta...

     

    OK, everone please move your commentary to the new Concentrator, this one is full and the data is running over the top and onto the bottom of the monitor!

     

    8888888888888888888888...
    1 Jun 2011, 02:30 PM Reply Like
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