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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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  • REE/Strategic Minerals Concentrator, June 9, 2011 182 comments
    Jun 9, 2011 11:00 AM

    "Abo Shaman" by Stan Bruns
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  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    (RAREF): Jack Lifton Hired as Advisor/Consultant for Rare Earth Metals Inc.

     

    "... help raise the Company's visibility in the market, as well as to advise on corporate strategic matters".

     

    www.raremetalblog.com/...

     

    HardToLove
    9 Jun 2011, 11:17 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    An interesting article on the platinum group. seekingalpha.com/artic...
    9 Jun 2011, 11:20 AM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    Don't forget, Ford lost over a billion dollars when it stockpiled large amounts of Palladium at it's peak... Tough market...
    9 Jun 2011, 11:34 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » True. Russians nailed their hide (and lots of hides) to that particular wall...

     

    Now the Chinese have a lock on REEs and are looking to create something much bigger. They are about 90% there, too, and the news that Japan's government has erected a barrier to companies using scarce REEs moving their operations from Japan to China is just a skirmish in the coming war.

     

    Folks thought the Chinese ban on REE shipments last year was ugly...

     

    As we Southerners say:

     

    "You ain't seen ugly yet".
    9 Jun 2011, 11:39 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Last Comment from the prior Concentrator by DallasMatt:

     

    Any thoughts on how a significant correction in the Chinese market would impact Rare Earth prices and the associated US/Canadian/Australia listed companies?

     

    Thanks. Matt
    9 Jun 2011, 11:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » It all depends on the geopolitical equation in Beijing, not the market equation in Shanghai. China's strategic positioning in REEs was accomplished to enable their national security goals and their geopolitical ambitions. It is a means to an end, not the reverse. Right now Japan is desperately erecting barriers to prevent their corporations (who have already conceded this battle) from closing their key factories in Japan and moving them to China, along with their proprietory technology and jobs.

     

    This is a race already run and lost. Now the ex-China world is scrambling to salvage something from the wreck. Japan either starts getting those new REE supplies from Lynas or they just lose the game. The stakes are far higher than the market caps of the little companies in the REE sector would indicate.
    9 Jun 2011, 11:45 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    A potentially related question is what impact would a higher US Dollar valuation have on RE prices? Would China respond by increasing the price in dollars?
    9 Jun 2011, 12:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » As I note over in the QC, I am looking for the ECB to continue to hike interest rates, and as we also discuss regarding China, their inflationary problems are pushing them to bulk up interest rates as well. So we should see a stronger yuan, IF the Beijing Boyz allow it. I am thinking they will, just a little, but inflation is a double edged sword. Combating inflation with higher interest rates is fine and good, but the temptation will be to hold the yuan in check to protect their trade advantage. Will inflationary pressures push them to strengthen the yuan (thus lowering the Chinese consumer's cost of buying basic imported foods)?

     

    I am thinking they will shade the difference, hiking interest rates MORE than they allow yuan strengthening.

     

    As for the effect on REE prices...

     

    Word from China is that the REE Cartel is setting new prices every 2 DAYS now (!!!), and new taxes and tarrifs are in the pipeline to further boost costs (internally and externally). Even so, domestic Chinese prices will still enjoy a huge advantage over the ex-China markets, which are about empty of product and showing desperate price increases. This situation will continue to escalate for the foreseeable future (or until Lynas cranks up the LAMP, which is only a small part of the answer).
    9 Jun 2011, 01:15 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I think its difficult to predict relative currency movements… We know the Dollar valuation will increase with the end of QE. I have no idea what is going to happen with the Euro until the Greek and other PIGS mess is resolved… Right now, I suspect the only thing holding the Euro up is QE suppression of the dollar.

     

    The question is important because earnings are a function of price. What I am trying to figure out is will the end of QE have an effect on RE prices?
    9 Jun 2011, 02:11 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Right now, there are SO many objective and political factors pushing REE prices that currency exchange factors constitute a minor factor (and I believe it will be so barring any likely change in the yuan peg).

     

    This might be different were Beijing more likely to let the yuan float, but that is not in the cards.

     

    I would say that the overall trend (which has a tiny but steady increase in the value of the yuan over a long period of time) is friendly to REE prices (ie, pushing them up), but its not the dramatic engine behind the wild increases we are seeing (and which I exptect to continue until we get close to actually seeing a major new supply, ie, the LAMP, start up next fall).
    9 Jun 2011, 02:15 PM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    I would presume that Japan will use whatever influence they have in Malaysia to get the LAMP approved.
    9 Jun 2011, 06:56 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Without a doubt, though among the environmental crowd, I suspect their pull is zero (maybe minus). Past bad acts...
    9 Jun 2011, 07:06 PM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    Maybe a new Prius plant would help.
    9 Jun 2011, 07:44 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    More than likely the Chinese are supporting the environmental protesters on the QT. They are also undoubtedly trying to by government opposition to the plant as well to delay the LAMP as long as possible if they can't engineer it's demise.
    10 Jun 2011, 10:33 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » OK, now we're talking geopolitics! Of course, proof of any kind will never see the light of day...

     

    Presumably the U.S. should be helping our Australian allies in any such struggle, but the truth is that we are probably doing the opposite (Voldemort IS evil, after all).
    10 Jun 2011, 10:48 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    OK TB, this may be a bit naive and/or elementary but it seems obvious enough to me that I have to ask. If China were really feeling very threatened by the prospect of The LAMP firing up, why wouldn't they just buy Lynas? I know, I know but you're talking about a country with PILES of money, and we're talking about a threat to it's most significant card in world trade. At those levels I believe just about anything can be done and my perspective of the Chinese government is that they're not much concerned about being the bad guy.
    19 Jun 2011, 12:21 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    www.chinamining.org/In...

     

    www.mineweb.com/minewe...

     

    HardToLove
    19 Jun 2011, 03:48 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I believe HTL covered your question, egg, but its a fact that China tried very hard to buy Lynas, but the Australian government blocked the sale for strategic reasons. The Canadian government helped to block the sale of Great Western to MolyCorp (and later a brokered GS deal) as well, on the same grounds.
    19 Jun 2011, 08:29 AM Reply Like
  • DM Lanthier
    , contributor
    Comments (47) | Send Message
     
    Based on GWMG's announcement for the shaft refurbishment project at Steenkampskaal, what is the new estimated timeframe for GWMG to restart their mining operation ? If there was a checklist required to resume mining, where does this step fall on the list, and what is left to complete ? Just trying to understand the significance of this announcement.
    9 Jun 2011, 11:57 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » All good questions.

     

    Restarting the mining operation is a complex question. For one thing, REEs are as much a chemical process as anything. Digging ore out of the ground (which indeed GWM expects to re-start in 2012) is just the first in a long list (that checklist you mention).

     

    This preliminary cleanup and repair work project is just that - a beginning.

     

    The PRIMARY question (and the large item on that checklist) is construction of a new 5kmt/year seperation and concentration plant at Steenkampskraal. Engdahl (GWM CEO) has promised news on this front next month, and we are all eager to hear that some resolution has been achieved to begin this vital work.

     

    There are some other extraneous items involved, things like re-surveying the mine (the last data was compiled when the mine was a thorium operation years ago) - getting the mine 43-101 certified per the Canadian guidelines - and finalizing things like transportation of the off-take from the concentrator to their facilities in the UK for AMP work.

     

    I am thinking they COULD be in full production mode by 2013, given their small scale of operations and existing assets in Less Common Metals and GW Technology in Michigan.

     

    Realistically, it ALL swings on the missing item, which is not the mine (they have that) - stockpiled ore (they have tonnes of extremely high TREO grade ore stored at Steenkampskraal) - restart and remedial work to be done at Steenkampskraal (this could go on while a seperate track built the new seperation and concentration plant) - permitting (they are the most advanced ex-China project in permits, and have a very advantageous set of permits regarding storage of radioactive materials on site, etc).

     

    Its all about the new plant and the announcement next month, at this point.
    9 Jun 2011, 12:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Oh, and welcome to the Concentrator!
    9 Jun 2011, 12:27 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Alkane off to the races (again) today,up 7% today.Anyone see news out there that I missed?
    9 Jun 2011, 12:38 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Alkane has been levitating for about a month now. I cashed out with great profits (took partial profits, then after the numbers kept climbing, finally cashed it in altogether).

     

    No real news to support to runup, never has been. ASX has questioned Alkane about this several times, and the corporate management formally stated that they had no idea why the shares were being bid up so strongly. Some major mojo movers in Australia are invested in the stock...

     

    I keep it on my radar screen, and I'm cheerleading for the little guys holding it...

     

    But I recommend taking profits and keeping a close eye on things.
    9 Jun 2011, 12:44 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    I see Borat at $1.63. Did you enter yet? The SEC shut down 17 pennies yesterday at the close. I was surprised Borat didn't make the list.:-)
    finance.yahoo.com/news...=
    9 Jun 2011, 01:12 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » LOL, I was just going to post that I initiated an HREEF trade at $1.59 this morning.

     

    Thanks for keeping tabs for me!

     

    I see the low was $1.58, so I'm not bragging. Last time I hit the bottom for the day, but this time I was underachieving.

     

    I'm thinking a 20% return for this trade would be nice, say in about a week.

     

    Update: OK, screen just changed, now saying the low was $1.59, but I clearly recall seeing it at $1.58, so there was something odd there... Maybe some market maker canceled an order.

     

    Really, I'll call it in at $1.59. It looks like 1.59xx fractional.

     

    OK, I'm getting ambitious now, trying to add some more at $1.6x...
    9 Jun 2011, 01:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » OK, all topped up now, added more at $1.61xx.

     

    Goal is to sell in the low $1.90's.

     

    LOL, as soon as Rose and MCP start emitting "updates" (LOL), and the pumpers start projecting MCP's 2012 value over $500 per share, they'll be headed back to $70 per share in no time.

     

    Tomorrow will tell the short term tale for MCP, I think. If they hit the skids and reach the $49 point late Friday, it could get nasty for the MCP longs next week.

     

    If the insiders have shed all the $55 shares they want to sell for now, it could level off.

     

    Yep, it could be one of "those" Fridays tomorrow.
    9 Jun 2011, 01:35 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    OK so you have Borat (HREEF) and IAALF the beryllium guys with the Kazakhstan cooperative mine agreement?
    So is it fair to say the boiled Sheep's head (Beshbarmak) trade is fully on now?
    www.advantour.com/kyrg...
    9 Jun 2011, 03:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Yep. HREEF for a trade, IBC long term.
    9 Jun 2011, 03:25 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Hey,
    Maybe you will hit it big and start a hedge fund. You could call it Boiled Sheep's Head Advisors.
    I mean if you can't invest with Boiled Sheep's Head Advisors where can you put your money? :-)
    Just my thoughts.
    9 Jun 2011, 04:03 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » LOL. I'm more into bbq than boiled. You can't trust the water, y'know. Especially downstream of Stans' ex-Soviet uranium, er, REE mine.

     

    HREEF ended the day with a little bounce, I'm up about 7 cents a share so far, though I am looking for at least 16 or 17 cents, and preferably twice that. Still its a start.
    9 Jun 2011, 04:13 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    You can't trust that Kyrgyzstan water..but you sure can boil a good sheep's head in it. Locals says the water is "sweetened" by spend a few hours with the (sheep's) head. Good luck with the trade. This should work when the China quota comes out. I'll betcha a head on it if ya want? Good luck with the trade.
    10 Jun 2011, 12:11 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks, Chi.
    10 Jun 2011, 07:18 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    how do you guys feel about Jack Lifton being a paid consultant for (RAREF) ? DOes it change your opinion of the stock or of him?
    9 Jun 2011, 02:32 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I think its a plus for Rare. Its neutral for Jack, so long as one KNOWS he is being paid by the company. I would be less likely to act on his opinion regarding that company, ie, buy their stock on his say-so, given the circumstances.

     

    Of course, I don't make such decisions based upon xpert and analist opinions, anyway.
    9 Jun 2011, 02:41 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    RAREF sucks.
    It goes to near zero IMO.
    If Jack likes a paycheck that's fine. I will ignore everything he says about RAREF as a paid pump. In the past this has been when Jack is at his worst. Hopefully that will improve.
    But the timeline, resource, and company are what matter with me. RAREF looks like a looser on all of those levels IMO. Jack can't change that.
    9 Jun 2011, 03:23 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Are the price increases posted on raremetalprices.com to be believed.They're updated every Tues. and Thurs.,and so far show rises of 6-13% for even the LREE's every semi-weekly update.Hard to believe main stream media hasn't gotten a hold of this yet,seeing that they squawk when gas goes up a nickel.
    9 Jun 2011, 02:38 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I usually review several sources, Pele Mountain, the various Chinese english language papers, Lynas' basket estimate, etc.

     

    One thing to remember about the Lynas basket estimates is that they explicitly do NOT include the more unusual rare earths which do not have an established market (but which are often worth a lot per kilo anyway). To the extent that MCP does not include these in their basket estimates, they are being conservative in their pricing.

     

    REE prices are routinely mentioned by the MCP pumpers and various other pumpers and analists, even in the MSM, but they do not BELIEVE the numbers are going to last, and hang their hat on the GS estimate that the REE bubble will soon pop after MCP springs into action next year and saves us all!

     

    "Lordy bee, what would we do without MCP?" (rhyme intended, rendered in my best imitation of a southren belle).

     

    Yuck.

     

    Anyway, this is just another chapter and verse from the bible of manipulation. When GS warns of a price bubble in an emerging market sector, and simultaneously starts acquiring shares like crazy, check your assumptions. This is a case requiring insight into the inverse GS rule, ie, do exactly the opposite of what they say if you want to get in line with what they DO. Otherwise, they will just run all over you, anyway.
    9 Jun 2011, 02:49 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    nice volume pop on GWMGF at 3 pm both on the pinks and Schwab.
    9 Jun 2011, 03:06 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » MCP is dropping fast, approaching $51, could well hit $50, or even $49 AH... Volume is above average, and I am seeing signs of capitulation. SHOULD it touch $50 near the close (or AH or PH), the stops which get popped could be immense.
    9 Jun 2011, 03:55 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Lynas up- Moly down. Get use to it baby.
    9 Jun 2011, 04:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    GWMGF up more *percentage* than Lynas - Get used to it baby! ;-)

     

    Joke, joke! Just so pleased to see (GWMGF) get off the pot for a day or two ...

     

    HardToLove
    9 Jun 2011, 04:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Good for GWM.

     

    As for MCP...

     

    They still haven't priced the 10million share public offer. Its sitting there like a dead fish. I believe they CAN hold it indefinitely, though, so even should the stock recover at some point, you have to remember that they have a big sledge hammer ready to squash you at any moment.

     

    Nasty situation for MCP longs, but they brought it on themselves. All this has been very predictable, overall, though the stock manipulation is indeed increasingly creative and drawn out.

     

    I'm getting more upbeat about GWM's chances every day that MCP keeps doing the sleight of hand tricks with their lockbox.

     

    Since I'm already pretty confident about Lynas, this makes for some interesting times.

     

    Chi, when is Northern supposed to report results?
    9 Jun 2011, 04:22 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Lynas, Great Western up- Moly down. I could get used to that. Really used to that! ;)
    9 Jun 2011, 04:51 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    I like it when they go up in price together since I'm long both stocks.
    9 Jun 2011, 05:11 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Northern Minerals drilling in the area was delayed by rains. Looks valid as other stocks in the area said similar. The drilling started last month. Results were originally planned for Q2. But my guess near as I can tell is July now. The company has not given a date.
    9 Jun 2011, 09:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    (GWMGF): He's BAAACK! Last minute, 2.2K trade at $0.746 to show another positive move. Prior trade was 1.5K @ 15:51 $0.73.

     

    HardToLove
    9 Jun 2011, 04:19 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » His wife needs to keep Engdahl away from the comuter.
    9 Jun 2011, 04:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    LoL! Hey, you wanted him to get more active promoting the stock - what better way than expressing his confidence by buying some every day at the high of the day.

     

    HardToLove
    9 Jun 2011, 05:11 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    they really seem to have "gotten" it, haven't they? They have gotten a lot of good press and seem to be everywhere these days.

     

    I know, I know.... it means nothing until the JV partner. But it does seem like they are putting in a lot of spade work here.
    9 Jun 2011, 05:42 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » MCP now trading AH in the $50's...

     

    I realize some of our readers here are long MCP, so all I can say is watch out below. This group has been conditioned to expect ex post machina saves when this happens, and I would indeed expect that at some point it will improve...

     

    But its a dangerous situation, particularly if anyone has a large percentage of their portfolio at risk in this stock.
    9 Jun 2011, 05:15 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    to think I sold my brother- in- law's at 72. His colleagues thought MCP was the go -to stock but I knew differently. I am glad he out...but I put him in GWMGF.... haha.... we will see how that works out!!
    9 Jun 2011, 05:19 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » So far you look like a genius...
    9 Jun 2011, 05:24 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    not so fast... I got him in GWMGF at a higher price. (.83) so not genius category yet. I felt like a genius at the time but, alas, it has drifted lower. But I am still confident that it will take us all on a rocket ride past 5.

     

    Time will tell but it is fun though, huh?! :)
    9 Jun 2011, 05:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Lets see, $72 to $50 is about 30%... $.83 to $.74 is less than 11%...

     

    Genius.
    9 Jun 2011, 06:29 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Thanks,TB.... I had not really looked at it from that angle. That makes me feel better. Although, I have not considered selling GWMGF .... as we all are, I am waiting to see who the JV partner is.
    9 Jun 2011, 11:01 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    Ive seen some smart peoples projections of GWMG pps over the next several years and......zowie.....I hope I hope I hope.
    9 Jun 2011, 05:48 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    me too Fatfretter....me too!
    9 Jun 2011, 11:55 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    It looks like they are making a good move with the old mine.
    www.scrapmonster.com/n...
    10 Jun 2011, 01:18 AM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    OK, stupid question of the day... From the Moly 10k concerning the Sumitomo transaction...

     

    "In addition, the MOU contemplates the purchase by Sumitomo of $100 million of Molycorp common stock, and a $30 million long-term loan to Molycorp."

     

    They way I read it is that Sumitomo purchases $100m in stock AND makes a $30m loan in exchange for a promise of feedstock?

     

    What is the price/share of the $100m in stock which I assume will result in dilution?... Also the loan hits the balance sheet as debt?...
    10 Jun 2011, 01:13 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Precisely the questions they have not (because they cannot) answer.

     

    These are the precise terms of an actual contract, a deal, vs merely a MOU.

     

    My best guess would be that, hammering out the negotiations, Sumitomo would insist on a "good" deal. A discount to the market price of MCP stock, something similar to the senior convertible notes just announced for the $30million loan, and announced after close of market that day. If they were to cut that deal right now, the price for the shares would be considerably below $50, maybe FAR below $50, and the dilution would be for millions more shares (though at least they would have the money they need in hand).

     

    I'm not so sure that they are talking about feedstock, though, that is vague, I would think Sumitomo would prefer finished magnets or high purity oxides (after all, the presumption with MCP has been that they are building a vertically integrated mine-to-magnet company).

     

    The fact that this deal APPEARS to have fallen through the cracks (otherwise why the size and formation of the current deal with the notes) opens all the assumptions MCP is based upon to question, however.
    10 Jun 2011, 07:29 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    How a BS company like MCP can "mine-to-magnet" themselves in the face of long-established magnet producers with strong and loyal customer bases is puzzling. They are not stupid and neither is (most of) the market?

     

    Not only are the customers of the existing magnet producers strong, I believe the (new?) suppliers to these entities will be also as they will prefer to sell to customers that have proven they have been and will be in place for a very long time, come hell or high water.

     

    MCP will never make a magnet or even an alloy. Time, technology, customer base, economy changes, ... will quash those grandiose plans and stupid pumps.

     

    MHO,
    HardToLove
    10 Jun 2011, 07:43 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » The lack of a final contract with Sumitomo and Hitachi should be a clear warning bell to MCP longs. Buying the tiny magnet company recently is, like this new debt/dilution issue, a sign that the deal with Hitachi is in trouble.
    10 Jun 2011, 08:13 AM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    I agree. GWM may be successful, but it's a little like USSteel deciding to build cars or Alcoa deciding to build planes. Companies need to stick with what they are good at.
    10 Jun 2011, 09:59 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    I humbly think the announcement by GWMG is great! Starting in two weeks to refurb the mine. This is another hugh piece of solid progress. I am overwieght,hence my name, in gwmg though. I just honestly think alot of pieces keep coming slowly..albiet surely. A jv partner or financing I guess is another big step in July by what I hear.
    10 Jun 2011, 01:56 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    (June 10, 2010) Molycorp (MCP) prices 10 mln shares secondary offering by selling shareholders at $51.00 per share
    From: InPlay.
    10 Jun 2011, 06:18 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Thanks Rat, I was about to post that important bit of news. That's about what I thought it would be. Not so bad as the MCP shorts might like, but probably the best the longs could hope for... LOL, of course, those who thought these shares had already crossed the block will be VERY disappointed this morning!
    10 Jun 2011, 07:33 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    (LYSCF), (LYSDY): Well S&P ASX up 0.29% whilst Lynas runs counter to the trend, dropping again. Down 1.43% on "flat" volume. The slowly falling 20 day SMA is just above A$2.20 and the gap to pps is widening.

     

    This ASX price trend is starting to look a lot like the downtrend from early April in terms of configuration and volume behavior. I suggest "eyes wide shut" for the feint of heart, JIC.

     

    The AUD is still weakening against the USD and currency conversion of the ASX Lynas closing would yield US$2.1964. A similar percentage move would yield US$2.218.

     

    Yesterday the U.S. price went against the ASX trend - will it do it again?

     

    Yesterday's U.S. volume doesn't indicate a lot of strength so it would be surprising for it to do so again. I thought yesterday we would head towards $2.17, IIRC, but said we wouldn't hit it yesterday. Intra-day, it did a $2.18 low. It bumped it's head on the rising medium-term resistance (formerly support), which is ~US$2.27 today. Bollingers (5 period) are getting really tight. A low-volume tight range might be in store for us today.

     

    $2.17 today? I don't believe so. We just finished what looks like a motive wave down and are now in a short-term corrective wave I think. Today and one more like this I think before we break down again. SWAG $2.19/$2.20 low with a $2.26 high again?

     

    I have been, could be and *will* be wrong again.

     

    Here's last evening's result down under.

     

    U.S... AM 6/6.. AM 6/7. AM 6/8.. AM 6/9. AM 6/10
    Last.... 2.160.... 2.090.... 2.120...... 2.100... 2.070
    $+/-.. -0.040... -0.070.... 0.030..... -0.020.. -0.030
    Bid...... 2.150.... 2.090.... 2.110...... 2.100... 2.070
    Offer... 2.160.... 2.100.... 2.130...... 2.110... 2.080
    Open.. 2.170.... 2.100.... 2.110...... 2.110... 2.130
    High.... 2.200.... 2.120.... 2.140...... 2.140... 2.150
    Low.... 2.120.... 2.050.... 2.070...... 2.090... 2.070
    Vol 48.356M 52.202M 47.472M 42.836M 43.233M

     

    U.S. AM 5/30........ 5/31....... 6/1......... 6/2......... 6/3
    Last.... 2.260...... 2.370... 2.330..... 2.270..... 2.200
    $+/-.... 0.000...... 0.110... 0.040.... -0.060... -0.070
    Bid...... 2.250...... 2.350.... 2.330..... 2.260..... 2.200
    Offer... 2.270...... 2.380.... 2.340..... 2.280..... 2.220
    Open.. 2.270..... 2.270..... 2.340..... 2.260..... 2.270
    High.... 2.270..... 2.380..... 2.360..... 2.300..... 2.300
    Low.... 2.215...... 2.260..... 2.310..... 2.220..... 2.200
    Vol 44.503M 156.118M 48.816M 62.572M 50.554M

     

    HardToLove
    10 Jun 2011, 07:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I believe that we are seeing the disparity in the two (ASX vs American) investor groups. Australians are far more worried about the environmental issues in Malaysia, and this will haunt Lynas on the ASX until resolved. American investors will tend to treat the morning gap down as a buying opportunity.

     

    I believe that there has been sufficient mention of Lynas WITH MCP as a leading REE company to the point where Lynas may actually gain from the MCP meltdown. This is in contrast to the last lockbox event, in which Lynas was tossed out by the American investors along with virtually the entire REE sector.
    10 Jun 2011, 08:18 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Lynas and Great Western down- Molycorp up.

     

    Is there no justice in this world?
    10 Jun 2011, 10:05 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    I am seeing extremely low volume in conjuction with a overall down market based on news from China. I actually enjoy this, good names on sale.
    10 Jun 2011, 10:10 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I enjoy a good sale, too...but I already raided the sofa and car for the last of the chump change. Raided the kids piggy bank. Shook down the lemonade stand. I am in. All in as I can be.
    So I guess I am saying enough with the sale and let's get on with it already.
    10 Jun 2011, 10:30 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    I hear you, I am all in as well. Gotta love those Coinstar machines!:)
    10 Jun 2011, 10:40 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    dallasmatt: Greetings. Indeed it's shaping up to be one of THOSE Fridays as TB surmised yesterday. Well when at a fire sale get em while they're hot. Adding Lynas (LYSDY) this morning.
    10 Jun 2011, 10:43 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I am extremely overweight Lynas already, but I too will add should it get back in the 1.9x range (current Buy@ of $1.92, but I could be tempted to climb to $1.96 in a pinch).
    10 Jun 2011, 10:50 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    I am following your lead here Trip... I have a buy in at 1.95.
    10 Jun 2011, 11:15 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I don't expect it to reach that point today, but it could.

     

    More likely next week some time, or the week after.

     

    Until the IAEA report is final, I see the stock eroding in the home market, and that will affect the pricing here of course.
    10 Jun 2011, 11:36 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Lurking for GWM at $.69... Lurking for IAALF at $.17, might modify to $.18...

     

    Sold out of NYMT, added NBL yesterday (hat tip to OG), and re-entered RWM hedge this morning.
    10 Jun 2011, 10:54 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    GWG hit .69 on the CVE (delayed quote). I am surprised, I didn't think - barring another catastrophe, such as occurred in Japan - we would see the .60's again.
    10 Jun 2011, 11:07 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » MCP lockbox events are tough on the North American REE stocks. Like a huge black hole...
    10 Jun 2011, 11:37 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    That giant sucking sound in the REE sector is the original Molly (MCP) investor group heading for the secret exit behind the lock boxes.
    10 Jun 2011, 11:46 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    does any one know where I can find the instituional investors for (GWMGF)? The company was touting that it was up to 39%.
    10 Jun 2011, 11:33 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    The Morningstar website is sometimes helpful about naming the largest shareholders of a stock, usually funds and institutions.
    cart.morningstar.ca/Qu...
    10 Jun 2011, 11:44 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    I know the AGF Precious Metals fund has GWG as there 4/5/6 largest holding. I know you were looking as an aggregate but this fund and group which I had never heard of has a pretty impressive track record.
    10 Jun 2011, 11:48 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » REMX has some GWM. I didn't know that AGF did, that's interesting, thanks dallas. VB, you're right, always good DD to check out an ETF or fund on Morningstar (though I know you go a lot deeper, as do I).

     

    I used to do most of my investing in mutual funds and ETFs, but now I rarely do. I have AMJ and GGN in one account (just a small holding), and that's it.
    10 Jun 2011, 11:53 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    (GWMGF): The best I could find with a *limited* googling is here. You have to do the math yourself though.

     

    investors.morningstar....

     

    HTH,
    HardToLove
    10 Jun 2011, 11:55 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    At one point, a few months ago, I believe the fund had it as their 3rd largest holding.

     

    Whats your impressions of AGF if anything? Performance wise, that fund has put in a very impressive performance.

     

    Here are the top ten holdings:

     

    Central Fund of Canada Ltd. Gold 5.3%
    Goldcorp Inc. Gold 4.4%
    Barrick Gold Corporation Gold 2.6%
    Tahoe Resources Inc. Precious Metals & Minerals 2.5%
    Great Western Minerals Precious Metals & Minerals 2.5%
    Eldorado Gold Corporation Gold 2.5%
    Fresnillo PLC Precious Metals & Minerals 2.2%
    European Goldfields Ltd. Gold 2.1%
    Alacer Gold Corporation Diversified Metals & Mining 2.0%
    Semafo Inc. Gold 1.8%
    10 Jun 2011, 12:02 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Thanks VB,
    I've been trying to do a rare earth spreadsheet using the junior criteria I listed last concentrator. I often ignore Morningstar because they seem like value pickers and I like junior growth companies. But this is helping me fill in some blanks. Thanks again.
    10 Jun 2011, 01:39 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    I'm hoping this situation with Morningstar and others will improve with time, chihawk. They usually don't deal much with the over the counter stocks since the institutions don't follow them much. But if more people trade those stocks (since so many of them show hefty returns) as time goes by then I would hope the mining stocks receive more in- depth coverage. More of a hope than a guess.
    10 Jun 2011, 02:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Yknow, we've not heard from OMG recently, I hope he's OK...

     

    I've got another art show this weekend, just a local Saturday show north of Atlanta, so I may be on and off today getting ready.

     

    Weekend news cycle is about to begin, everyone keep an eye on Libya, that one's liable to pop soon... Could temporarily help oil prices, though the OPEC/Russia sitrep is wild and wooly. Mucho cheatin' goin' on...
    10 Jun 2011, 11:48 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    He is doing great. I see him on Copper a little. But the big thing he started is a Malaysia Facebook page to tell Lynas' side to the Malaysians. The group has about 3,000 members (including Matthew James). He is busy, but doing a great job. He and I talk a lot. He made me a moderator to help out, but it's his monster. After the IAEA approval, he'll be back. But for the moment he is busier than a one legged man in a butt kicking contest from what I can see.
    10 Jun 2011, 01:45 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Coolage. Send him my best regards! I wish I had more time myself.
    10 Jun 2011, 01:51 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    chihawk: Greetings. Thanks for the update. Sounds like a very worthwhile endeavor he is engaged in. I wish you both good luck and profits.
    10 Jun 2011, 01:52 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    We just added Fuziah Salleh. She is the Islamic politician you see in the protest photos. Should heat up the debate another notch IMO.
    10 Jun 2011, 01:58 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Good lord.

     

    Much hits on that site from this I bet.

     

    LOL, try to keep her and her myrmidons on topic, if you can. Back in my youth (come to think of it, I wasn't that young, but the WWW sure was) I did a lot of political sparring, just for fun. Helps you hammer out a pretty solid ideological narrative, it does...

     

    We should start a pool as to how long after she enters the debate before she calls an opponent names...

     

    1 post? 3?

     

    Not ALL politicians are like that, but many are. They react poorly to any fact-rich debate.
    10 Jun 2011, 02:05 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Great to see you and OMG working that. Best to you and him. Let him know he's missed here. But it's understood why.

     

    HardToLove
    10 Jun 2011, 02:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    She might behave better with all that exposure. My bet is diversionary arguments, pulling in unrelated itmes as occurred in the news postings to which I've linked.

     

    HardToLove
    10 Jun 2011, 02:26 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Once an individual resorts to diversionary tactics like justifying bad behavior with other bad behavior or other dissembling it's a sure sign they are loosing the intellectual argument. When they resort to name calling they have lost the argument and control of the situation.
    10 Jun 2011, 02:53 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    This is the group link
    www.facebook.com/home....
    10 Jun 2011, 03:17 PM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    That's sweet Chi! What a fantastic idea! Wish you guys the best on that. Do you have a link to the page? (obviously you do.)
    19 Jun 2011, 07:10 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Nice report by Petra Capital on ALKANE.alkane.au.com.Expecting .36 cents a share earnings by 2014.Project has alot of minerals besides RE's going for it.Niobium,Zirconium and the Gold.Bought about 1/4 of the ADR's market action yesterday.
    10 Jun 2011, 11:59 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    thanks guys all for the help. Much appreciated!
    10 Jun 2011, 12:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » I was just looking back over my REE info sources this week, and spotted the news item where Dach (DCHAF) had a sale inside China. They sold a large quantity of their yttrium supply for a nice profit. Good an all, BUT...

     

    People keep pricing Dacha's book value using WORLD prices for their hoard, not local Chinese prices. They MIGHT be able to get those high prices for those goods selling them on the world market, but how difficult (and expensive) will be the process to get export quota allocation to do so?

     

    Just in case, if I held Dacha (I don't) I would suggest that any estimates as to the value of their holdings which are located inside China should be priced at Chinese market prices, just to be conservative.
    10 Jun 2011, 12:40 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    viewer.zmags.com/publi...

     

    Gary Billingsley of GWMG article
    10 Jun 2011, 12:40 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Upon further review....Petra Capital uses some ridiculously low commodity prices for their earnings projections,I credit them for the conservative outlook.To wit: 2014 estimated prices gold $1000 oz.,basket LREE $35/kg,YHREE $50/kg,Zirconia $6/kg.I think the only time we'll see those numbers again is in the rearview mirror.www.alkane.com.au/repo...
    10 Jun 2011, 01:00 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13475) | Send Message
     
    True I think everyone knows selling in volume deals oftentimes they sell well at a discount to spot. Discounting and conservative estimates are good and all, but in actuality it is a subjective thing and a result of how wise or aggressive they are on production prices and volume produced.
    10 Jun 2011, 03:34 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » OK, closing out the MCP tracking for now...

     

    Finally saw the big volume today, over 19.2 million shares (quite an accomplishment for a stock with a little over 40millions shares float). Of course, that included the extra 10 million share public offering that went at $51.

     

    Trading down again in AH, but what else is new?
    10 Jun 2011, 04:43 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    When equities are added to one of the Russell indexes there is usually a lot of high-volume activity in those equities shortly before and after the final composition of the list is determined and after the add date. The things tend to "flatten out" substantially for a while.

     

    Addition usually brings a large price move upward as followers of the indexes add shares to match the index composition. Deletion usually has the opposite effect.

     

    But the list goes through several preliminary rounds to get to the final cut so you should be cautious about adding too early. Be sure and see the schedule linked near the end of this comment.

     

    Following are some symbols I recall being mentioned here.

     

    TB, note Stans is in the mix - even if it doesn't make the fianl cut, there may be some early buyers that yield your profit.

     

    Chi, I think GWM has a decent chance of making the final cut, with the current activities at the mine and the JV effort for the processing plant and REE mania, even if the mania has subsided somewhat, except for in Texas where (TRER) is still garnering much attention! ;-)) If you were/are planning a potential re-entry, I think this *potential* Russell action should be factored into your considerations. If Engdahl and/or Billingsly keep the PR actions going strong, as they seem to have started doing recently, there should be *at least* some short-term profits available.

     

    (ANLKY), (AVL), (GWMGF), (QRM): Preliminary reconstitution list shows these being considered for inclusion in the Russell Global index.

     

    The following are being considered for the Russell 3000 index: (HREEF), (URG), (URZ), (URRE).

     

    These are under consideration for addition to the Russell Microcap index: (URG), (URRE)

     

    www.russell.com/Indexe...

     

    It's important to note these are not final actions. See the schedule here.

     

    www.russell.com/indexe...

     

    HardToLove
    11 Jun 2011, 09:27 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    I'm not sellin' the 3000 shares of 'Anklebiter' I've been accumulating to ANY index fund ! Perhaps this explains the unusual price and volume action in ANLKY over the last couple of days....Good find HTL !!!!!
    11 Jun 2011, 09:41 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    I overlooked (ARAFF) which is being considered for the Global fund.

     

    HardToLove
    11 Jun 2011, 09:46 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Don't forget to check the lists at the dates shown in the schedule to see how it progresses!

     

    Even if you don't take profits, it's always nice to know that "paper profits" may be coming!

     

    HardToLove
    11 Jun 2011, 09:48 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    I'm tellin ya Nitro, I've been searchin high and low, all over the net and I can't find any logical reason for it. I've heard mutterings of takeover speculation. But I definitely wouldn't bank on any of that. Most certainly not reliable sources.
    19 Jun 2011, 07:37 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    They somehow seem to just defy the rest of the market.
    19 Jun 2011, 07:41 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    blogs.forbes.com/inves.../

     

    IS Antimony the next MCP? That's the headline of the Forbes article that appeared in my inbox...

     

    anybody heard of them? I sure have not.
    11 Jun 2011, 01:24 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    The minor metals including antimony are recovering well for the most part from the financial crisis. Chinese demand and production and global scarcity are two of the main factors to consider for those metals investments. They have that in common with the rare earths.
    seekingalpha.com/artic...
    www.hardassetsinvestor...
    11 Jun 2011, 03:28 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    The minor metals stocks can often go bonkers when the rare earths stocks take a breather. I'm not sure why.
    finance.yahoo.com/echa...;range=2y;compare=;ind...
    11 Jun 2011, 03:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    (LYSCF), (LYSDY): Well, that didn't take long. Two days an the job for IAEA personnel, barely enough time for a S, S, and S, and the anti-Lynas group is discrediting the results because they meet international standards rather than that desired by the protestors – zero exposure, zero risk.

     

    Well, it is certainly their right to have their own standards. However they seem to have overlooked the fact that the standards of their society as a whole, hopefully fairly represented by their own government, might need to take precedence.

     

    However, it is a nice convenience when one can dismiss any concern or knowledge other than one's own preconceived notions or standards. If that ploy can be executed successfully, victory is almost certain, barring “corruption” of course - which has already been alleged without any supporting evidence.

     

    Of course. No evidence other than allegations by one supporting the proper position is needed as evidence.

     

    Robert called it correctly for what it is.

     

    Whichever side of the argument triumphs, one can only hope that it is the right move and that no one suffers as a result.

     

    Not a lot new in the article (this seems to have become a refrain for me).

     

    “Anti-Lynas group says international report not credible”

     

    www.themalaysianinside.../

     

    HardToLove
    11 Jun 2011, 03:09 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    It could be these protesters are giving us the last best chance to buy Lynas on the cheap.That or Nick Curtis made one of the biggest business mistakes of the last quarter century placing his processing plant where he can't use it,right up there with AOL/Time Warner,New Coke,etc. I am solidly in the camp that this whole IAEA is cover for the Malaysian government. If Lefty Rosenthal was still making book at the Stardust,he would probably give it 90/10 for approval.Expect,howeve... sop will be given,such as a temporary permit,pending a final resolution on the waste removal.
    12 Jun 2011, 07:54 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    ditto on that....
    19 Jun 2011, 07:46 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    Leeb and D. White..two of a kind...
    12 Jun 2011, 01:15 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    Does anyone know which analysts are covering GWMG besides Byron Capitals guy?

     

    Here is a link that has some comments from Jack Liftons' recent presentation.

     

    www.stockhouse.com/Bul...
    12 Jun 2011, 02:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    The only ones shown on ETrade are Thomsen Reuters and S&P. But these are not the ones normally seen giving ratings with a rapidly rising stock, such as Zacks, etc.

     

    If you believe one of the things Cramer says, this means the break up is ahead of us. He says when you get a small-cap move up and you finally get 3 or 4 analysts following the stock that is the time to start looking to take *some* profits.

     

    Sorry I don't have any. Try Google with

     

    gwmgf analysts

     

    or

     

    great western minerals analysts

     

    Maybe something will turn up there.

     

    HardToLove
    12 Jun 2011, 03:15 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    well, I gotta say I love the talk of $4 ...which you know the traders will overshoot getting us to $5! Gotta love that.
    Thanks for posting that Fatfretter... nice find!
    12 Jun 2011, 09:40 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    Good resource chart...

     

    pmem.ws/files/users/a/...
    12 Jun 2011, 05:30 PM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    Not good, but excellent. I am surprised to see Mt. Weld so high in HREEs.
    12 Jun 2011, 05:52 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    I'm very sorry, I should have posted the master link to this site... I guess I got too focused... Look under Charts_2... and Photos... a Great Western presentation...

     

    Also there is a good overview of the processing sequence and more forecasting charts that put Lynas is a very impressive light...

     

    I am going to get a life...

     

    pmem.ws
    12 Jun 2011, 06:06 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    Can I borrow it when your done with it? After 4 years steady (except for a bit) I'm 'bout ready to take a hiatus.

     

    Anyway, on topic - just wanted mention that when looking at the GWM process remember that Deep Sands project has been tabled for now - no more exploration planned at this time.

     

    HardToLove
    12 Jun 2011, 06:25 PM Reply Like
  • jimp
    , contributor
    Comments (713) | Send Message
     
    This is great! Thank you. Anyone want to rank what they think are the top five resources? I realize there are a lot of extraneous variables that come into play. Lynas looks great. Like ungawah, I was
    pleasantly surprised at their HREE content/value. Their african resource doesn't look to shabby either.
    12 Jun 2011, 07:18 PM Reply Like
  • toly
    , contributor
    Comments (188) | Send Message
     
    I'm not totally sure these numbers were meant for immediate public consumption, it appears as though the website is incomplete at this time... Look at the disorganized way the chart menu seems to be constructed...

     

    Anyway, these numbers blow away anything I have seen so far...

     

    Projected Annual EBITDA for Lynas is $3,673,844,884

     

    Of course with no debt, EBITA (as calculated on the chart) is still $3.65b (probably higher with depreciation)... With 1.7 b outstanding shares this is over $2 / share Earnings!

     

    This gives Lynas a forward P/E of less than 1 which is ludicrous!!...

     

    Note: In the charts production costs for both Lynas and Moly are $10/kg which is probably closer to the truth.. Also calculations are made on ~ May 20 prices...
    12 Jun 2011, 08:04 PM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    I wonder what the sources were for all the data and who compiled the charts. Lifton says dysprosium is especially important, Mt. Weld is heavy w/ that, but Lifton almost ignores Lynas.
    12 Jun 2011, 10:39 PM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    their production costs may be similar, but their transportation and refining costs most certainly will not be, IMO.
    19 Jun 2011, 07:52 AM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    video.search.yahoo.com...

     

    This a video of Gary Billingsley of GWMG at the Steenkampskral SIte. Very Interesting. Sorry if Its been posted before.
    12 Jun 2011, 05:51 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Bloomberg website has notice that China is going to select three companies to run their southern RE resource sector.Hopefully,better enviormental regulation,less pollution,less smuggling,AND less production!!!!!Cha-Ching
    12 Jun 2011, 10:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19488) | Send Message
     
    "Anti-Lynas movement may seek court order".

     

    Dr. Jayabalan now differentiates natural and man-made radiation and equates "any increase in exposure to radiation" to be equivalent to genocide and a crime against humanity.

     

    Includes a video of Dr. Jayabalan making such statements.

     

    thestar.com.my/news/st...

     

    HardToLove
    13 Jun 2011, 08:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Absolute nutcase. Just goes to show that all the morons on earth DON'T live in the United States.
    13 Jun 2011, 10:49 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Anyone know how fast the Malaysian legal system operates? My guess is not too.A firm statement from Lynas as to how they would proceed if a favorable IAEA ruling was obtained,followed by an injunction in the courts would help.
    13 Jun 2011, 09:28 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    nitroae23,
    When the IAEA says end of the month it will be end of the month when we get their view. The Malaysian government has stood firm on following the IAEA so I think that is still clear.
    The legal case looks weak to me. My guess is Lynas is allowed to go forward while legal charges are pending, then the case(s) are pealed away quickly with summary judgments. I do not think the legal cases will effect the stock much. By then the governments position will be clear and the legal positions of these cases are in fact ridiculous. Beyond that only Parliament could revive the issue. And that is a total longshot.
    Remember this is Malaysia. Their legal system works to the extent that it is capable of making a decision and moving on like it or not. It would be a mistake to think the US endless stream of law suits will apply there. They just don't have such a history or system.
    13 Jun 2011, 11:35 AM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    I would think if things go south that Lynas might have a case against the Malaysian government,all that money invested,not to mention the devaluation of shares that "insiders" in the government probably recieved.
    13 Jun 2011, 11:53 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    Oh, I'm pretty sure you can count on that Nitro. You don't give a company a 12-yr tax holiday and allow them to spend hundreds of millions of dollars on a plant, then turn around and say "Ooops! Sorry about that." It wouldn't fly here and I really can't believe that it would fly in any reasonable democratic society.
    19 Jun 2011, 08:04 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Egg, we've all moved on to the new Concentrator at:

     

    seekingalpha.com/insta...

     

    You're welcome to come join us! Lots of new data there, its been an active few days...
    19 Jun 2011, 08:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Egg, wait, THAT link is to the next Concentrator, but its ALSO full, we have a new one here: seekingalpha.com/insta...

     

    With the pace of events we are filling these up fast (after about 130 comments they get sluggish and start locking up and generating error messages).
    19 Jun 2011, 08:36 AM Reply Like
  • eggwis
    , contributor
    Comments (756) | Send Message
     
    Thanks TB. I'll be right there. Love the Concentrator so I've been trying to get caught up reading all of what you guys were tossing around 2 & 3 weeks ago. Just yesterday I thought I was almost there, but you guys really are laying it out pretty quick!
    20 Jun 2011, 12:33 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    (GWMGF) starts out the day with big volume on Schwab...not a big price movement...

     

    EDIT: never mind it was Schwab being Schwab. I will wait longer before I post anything in the future when it involves Schwab . Sorry....

     

    However, it is off to a brisk start....
    13 Jun 2011, 09:38 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Hello, Good People! Hope this finds you all well. Back in the saddle here...relishing an earlier good pick's success [MAVS] :)
    I missed you guys...and gals. Last week saw blood everywhere.
    I sold quite a bit of Lynas at 2.42 and 2.3x and have replaced some of it today...holding a bit less than usual...but still alot and like my position...will be addiing more.

     

    Sold all QRM over last 2 weeks
    Added GWMGF today as well as last week
    Added IAALF in two accounts
    Added a few oil plays

     

    WIsh to acknowledge the (partial) miss on QRM. I thought it had more in it right now...and very well might some day. As I said, I was holding for "the pop" however, which clearly hasn't come. In retrospect, selling around $8 and not getting greedy was the play. (I was up about 65% on pretty large qty at one point)
    I sold some at 7.2x, 7, 6.9, and what little was left at 6 and a leftover partial fill at 5.85
    Lesson learned. I was up some incredible percentage there and couldn't leave well enough alone...still made good and that stock carried two portfolios through some rough patches so I will not cry now.

     

    I also must admit, I find Lynas a really tough read right now...short-term. There is just no telling what influences are working behind the scenes right now...in both directions. Also hard to trust the Aussie market...or ours...right now.
    Our own is clearly a reflection of what happens when moral, ethical, financial and every other kind of relativism is embraced. Our government, our businesses, our monetary system, etc do not function according to any established, accepted, and proven set of truths and we have little more than a mirage...an illusionary system which serves as the foundation for our personal investments (some of which may very well be quite good in and of themselves!)
    It is frustrating indeed...and I think we are seeing a bit of what those who do acknowledge some fundamental absolute truths warned of when all of the false propping up of business and financial systems began. You can wear all the make-up you wish...but it doesn't change what you look like...only someone's temporary perception of it. Sooner or later...it has to come off.
    I hope the makeup will stay on long enough for some of our own personal "babies" to grow up a little....at least start walking.
    13 Jun 2011, 11:11 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Rain,
    Glad you sold and profited on Quest. My Northern Minerals has been less bad and I remain fully in NTU. NTU drill results should come out within the next month or so. This will decide a lot IMO. All the same the cull seems to be moving right along.
    MCP not holding $49
    AVL not holding $6
    TASXF not holding $4
    QRM now firmly in the $5's
    REE struggles to hold $9
    GWMGF struggles to hold $0.7*
    Ucore at $0.65
    Materials are down overall. But the Molymess is leaving some funding doubts for the big unfunded projects IMO. Good luck everybody!
    13 Jun 2011, 11:47 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Chi: Do we consider Lynas the only big, funded project?
    13 Jun 2011, 12:36 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    It is the only fully funded project out there. And it is much closer to production then the others. If the market is weak, that will remain a big advantage to the stock. And if the economy is weakening MOU, LOI, and contract negotiations will be toast. Lynas' long term contracts will hold up however. That's a big difference to the company too.
    13 Jun 2011, 12:53 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Theres no way I see MCP not getting funded,however,its cost an completion date should wiegh heavily on the stock.Plus,the dilution it may cause to exist shares will keep the froth away for the forseeable future.
    13 Jun 2011, 01:07 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Comments above accurate at the close except for Ucore that fell off a cliff and closed under $0.60.
    13 Jun 2011, 04:32 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Robert Ferguson: How about Sarissa lately?? Nice...
    I have an add in at 3.5 and hope a new level holds

     

    TB: Sandstorm moved up nicely...Congrats. I am currently out :(

     

    HT: I added Cappie again...hope news is good tomorrow
    13 Jun 2011, 11:14 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Rain: Greetings. Sarissa Resources (SRSR) appears to be holding @ $0.04X for the time being which is a 25% paper gain. It will probably remain in that area for some time. It may move up to $0.05X over the next couple of months but I'm not expecting any thing drastic.
    13 Jun 2011, 12:13 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    [SRSR] Hit .0351 today with my buy@ .035. I moved my add to .033 and will leave it on current volume trading...seeing if there will be a trickle down

     

    "Trickle down"...Now there's a term I'd like to see back in our economic discourse
    13 Jun 2011, 12:37 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    I will add this here...even though non-ree in nature
    I am looking for non-ree, non-oil, non-any commodity play suggestions right now. Appreciate the mentions here or would be better on the other Insta actually you can link to from here...
    Much appreciated!
    13 Jun 2011, 11:16 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Friday saw the new 10million share issue hit the market (and the end of support from the manipulators, at least for now), so now we see if MCY revisits $40 (which I have been thinking might happen). My short bets are looking amazing, by way of disclosure, though.

     

    GWM and Lynas are on similar news cycles right now. Early July could be very interesting for both stocks...

     

    Virtually everyone else is in the same situation, the little REE sector rocked by the huge MCP lockbox event (again, how droll), with a backdrop of macro-level commodity wars popping up all over the planet.

     

    Current vogue idiocy: Control inflation by using exchange rules and government market manipulation and intervention to offset runaway currency creation.

     

    Even Keynes never thought that was a sound idea.
    13 Jun 2011, 11:58 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Chi, Moly's not even holding $48. Volume spiking past the usual early morning peak, looks like gloom in molyville today...

     

    I'm thinking that now that the underwriters have unloaded their megashares, support is bye-bye, and we'll see a true search for a bottom for a while.
    13 Jun 2011, 12:13 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    TB,
    Moly is on the line now, but will be below firmly by the close IMO. Much more supply hits the 15th and some foreign funds would have a tax issue before the 15th. The thing is toast until they have something good on Phoenix. We'll see if they give a BS press release and then see if the market responds. I doubt it will this time.
    13 Jun 2011, 12:23 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    I stand corrected.
    Moly closed at $48.94 down $2.55.
    13 Jun 2011, 04:34 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    I'm at it again,covering 1/2 of Alkanes volume.I know that buying a stock on a market thats closed could be dangerous (Australias closed because of what? Pet a Dingo Day?),but thruth be known,I sleep much better on that position than I do on Lynas.
    13 Jun 2011, 01:01 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    It is celebrated as the Queen's Birthday.
    www.solutionsindata.co...
    13 Jun 2011, 02:23 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    I have much love for the Australians,who,alone amongst "Western" nations,contributed forces in the Vietnam conflict.Standing by someone when they stand alone is the sign of a true friend.
    13 Jun 2011, 03:18 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » South Korea was there too (though not a Western nation, of course).
    13 Jun 2011, 03:29 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    The Phillipines also IIRC
    13 Jun 2011, 04:03 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Just think the whole mess started in a misguided attempt to bail out the French.
    13 Jun 2011, 04:23 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Question to the truly technical RE peeps out there.It appears ANLKY will be producing RE concentrate,unlike LYSDY and MCP who will produce RE oxides.Question 1) How much less equipment/steps/cost are needed to produce concentrate vs. oxides ? Question 2) Who are the end users for each ? Question 3)Should we consider niobium and zirconia pricing to be accelerating like RE's,hard to find anywhere to get accurate qoutes for these. I promise to buy first round at the RE love fest we have when we all get rich for any helpful answers!!!
    13 Jun 2011, 01:16 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    On average it costs about 40% less capital to produce concentrate rather than oxide. This varies based on location, ore type, ore and concentration grade as well as chemical, water, and energy access. But the big difference is in production costs. Take a look at this old Lynas presentation slide:
    www.lynascorp.com/cont...
    Slide 34
    As you can see 75% of Lynas' production costs are for the transport and processing of concentrate into oxide.
    Alkane has several products metals and HREE. The consensus view is HREE concentrate is marketable, but LREE concentrate will not be marketable long term. So this is a big part of Alkane's reasoning. Alkane's other products (niobium, ziconia, gold ect) are a big part of this stock. Niobium and zirconia are going up, but much less than the rare earths. The trick for Alkane is to control costs while producing several different products. Do it well and they will have multiple streams of income from several strategic and precious metals. Do it poorly and the margins will hurt them. I think it is a hard stock and risks being undervalued due to being too complicated for investors. But the recent gold find has helped them and they are outperforming this quarter. I like pure plays myself so I do not own them. But they are an interesting company that deserves respect. I like their approach and follow them. I wish them well and do not rule out owning them in the future.
    13 Jun 2011, 02:44 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    So we should expect in the near to medium turn Alkane making some sort of processing agreement for their RE's to be a bullish indicator.
    13 Jun 2011, 03:09 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Well, it was rumored to be working on something with Lynas and the stock jumped. The rumor was later spiked. But based on that stock's action in April-May I'd say such an agreement would be a driver IMO.
    13 Jun 2011, 04:28 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    MCP is now about 3% above its 200 day MA.
    13 Jun 2011, 01:24 PM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    Does anybody have Hastings Rare Metals (ASX: HAS) on their radars? Just read a mention of it from an article from this weekend talking about the sector and they mentioned the compay as drilling on an old deposit that hasn't been fully assayed, saying that it has a bias towards the heavies.

     

    THanks. Matt

     

    +++

     

    www.theaustralian.com....
    13 Jun 2011, 01:54 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Matt,
    I think that is one Valley Boy has looked at and we debated a bit. I don't like it myself, but he might be able to offer more.
    13 Jun 2011, 02:18 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2220) | Send Message
     
    We had discussed Orion Metals, ORM.asx, and Kimberley Rare Earths, KRE.asx, a little bit in a previous Concentrator before we debated the merits of NTU.
    Hastings Rare Metals, HAS.asx, is another miner located elsewhere in the East Kimberley. Its mining property is located just up the slope from the old Palm Springs Gold Mine. It is located in hilly terrain a few miles from the Duncan Road coming out of Halls Creek, the main mining town. We need to wait in order to determine how rich the deposit is.
    I've concluded that it is too early to pass judgment on those stocks, certainly too early to devote funds in their direction. But with enough exploration over the passage of time, there might come a day when I would be interested.
    One needs to be careful about which mining story to buy into in the Outback. Caution and careful study of each mining situation is advised.
    www.theaustralian.com....
    13 Jun 2011, 06:41 PM Reply Like
  • nitroae23
    , contributor
    Comments (477) | Send Message
     
    Article on raremetalsblog that Siemens is testing a direct drive 6 megawatt wind turbine.Considering I work in a power plant with two Solar gas turbines with Westinghouse steam turbines in a combined cycle system and were only making 10 megs maxed out.This requires alot of natgas,people,purified water,coffee,etc. to keep it running 24/7/365.We may be getting much closer to wind being an unsubsidized energy source.Got Dysprosium?????
    13 Jun 2011, 04:23 PM Reply Like
  • Fatfretter
    , contributor
    Comments (393) | Send Message
     
    www.raremetalblog.com/...

     

    More on Chinas' conslidation.
    13 Jun 2011, 06:18 PM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Wow...truly ugly site down under today. Those Aussies love to pummle Northern especially on days like these I've noticed.
    13 Jun 2011, 09:52 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Ya, NTU is getting clobbered and I am holding (not selling). I might add later, but not now. Would like to see if a bank is getting out. No announcements yet. For now I'll hold. If no major shareholder exit announcements by the end of the week I'll buy more. Right now just a bad night, That's all.
    13 Jun 2011, 11:55 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » Just part of the general downturn in the sector. Alkane is still levitating, but there are darn few that have NOT been caught in the undertow caused by the MolyCorp lockbox. This was foreseen, of course...

     

    Now we have to wait until MCP can hit a bottom (my original prediction was $42, and the $46 they hit yesterday is getting darn close), OR Lynas gets a green light from the IAEA, which should give them a nice boost, and segregate them from most of the herd.

     

    Lynas resuming an upward trajectory might also carry along many of the Aussie juniors which are languishing at the moment.

     

    GWM is likewise, except with them we await the announcement next month (hopefully early July rather than later). GWM is likely to just swim sideways with a slight downward tilt until either MCP stabilizes or their news comes along.

     

    Anyone spotting a common theme here has it right, I think.

     

    SHOULD Lynas get a true green light and a lot of media attention over the next week or so, its possible that we could see a shift in emphasis from MCP to Lynas, something which has NEVER happened for any length of time. Should Lynas become the leader, we might see a dramatic shift. Lynas could well catch up to MCP in market cap, or pass them.
    14 Jun 2011, 08:08 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    Chi: I totally agree. Wasn't suggesting any reason for alarm...if anything pointing out that for some reason that stock gets (unfairly) punished down under on down days. Fortunately...it remains steady on light volume here. This is one of the resons I think it one of the best plays right now (REE-wise) in this environment. It has set on .80 for a week while others have fallen off. It will likely trade down today a bit...but no worries. I would love to play a turn right and lower my cost on NTU in one of my accounts however. Unfortunately, I am not in a bold enough position for playing around ATM.

     

    Nice turnaround in OZ last night BTW
    14 Jun 2011, 09:32 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
     
    Rain,
    I wrote the post to share my approach when one of my stocks gets hit. I think NTU did act weak, but I'm holding and think it will be fine, but I will be watching for an announcement. I think the ASX stocks do a great job with announcements and I hope the post shows how I use these things with junior trading. I remain confident in NTU.
    14 Jun 2011, 09:42 AM Reply Like
  • jimp
    , contributor
    Comments (713) | Send Message
     
    After looking over Toly's charts, one of the miners that stood out that I haven't really noticed before. Forte Energy (FTE.AX) If I'm looking at the correct ticker, it's only .06

     

    Can someone tell me the good and the bad with Forte Energy?
    14 Jun 2011, 06:16 AM Reply Like
  • ungawah
    , contributor
    Comments (1044) | Send Message
     
    Looks like its concentration on uranium got it clobbered after 3/11.

     

    Lifton said: "Deposits with heavy rare earths (especially dysprosium) are far and away expected to be the most in demand and thus the most profitable," so Forte's 3rd place Dy ranking, if true, could make it interesting. 7th in TREOs, but their 5/16 REE press release sure didn't help their stock get discovered.
    14 Jun 2011, 09:03 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    NTU in Australia's downturn is my fault. Since zero-ing out all my rare earth positions in April/May, I've re-entered rare earths with GWMGF and NTU... and both dropped 5% promptly within 48 hours after I filled out my position. I'm aiming to enter LYC in Australia next... will post when I buy to alert you all for the forthcoming buying opportunity.

     

    Apologies for the bad ju-ju. If I knew my selling the holding would set off a rally, I'd take it on the chin for the team.
    14 Jun 2011, 07:50 AM Reply Like
  • RainH2O
    , contributor
    Comments (1336) | Send Message
     
    CaY': I know it may be uncomfortable right now..but I think GW and NTU safe to hold in that range IMHO.
    14 Jun 2011, 09:34 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Author’s reply » seekingalpha.com/insta...

     

    New Concentrator is ready, everyone move this way please...

     

    8888888888888888888888...

     

    8888888888888888888888...
    14 Jun 2011, 08:39 AM Reply Like
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