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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... More
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  • REE/Strategic Minerals Concentrator, April 16, 2012 147 comments
    Apr 16, 2012 10:08 AM

    Today is the day before the appeal hearing in Malaysia seeking to overturn the recent AELB TOL award to Lynas. As of this morning half the participants filing the appeal (3 out of 6) have withdrawn from the appeal. The Minister of Science came out with a response to many questions to the effect that the onus to present new facts was upon those launching the appeal...

    This looks very much like another defeat for the Save Malaysia luddites, imo.

    Tomorrow could be quite interesting, given that one of the SM leaders had earlier indicated that they would NOT seek any further steps in the courts should they lose this appeal.

    Disclosure: I am long OTCPK:LYSCF, OTCQX:LYSDY.

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  • LT
    , contributor
    Comments (4603) | Send Message
     
    What's going on with Mongolia & Malaysia ?

     

    11:12 AM Shares of Ivanhoe Mines (IVN -5.8%) sink after Mongolia's government suspends certain mining licenses owned by SouthGobi Sands; IVN owns a controlling stake in SouthGobi Resources, which owns SouthGobi Sands. The move is believed to be related to the proposed sale of IVN's stake to Aluminum Corporation of China. Comment! [Commodities, On the Move]
    16 Apr 2012, 11:16 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    Check out Jon Springer's latest regarding IVN. He's well worth following.

     

    http://seekingalpha.co...

     

    HardToLove
    16 Apr 2012, 12:29 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    I think I'm writing another article on this. Heard gossip about this possibly happening over the weekend. Nascent piece of the article in this comment on an older article: http://bit.ly/HCBVVt
    16 Apr 2012, 12:40 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1890) | Send Message
     
    Ditto, HTL -- Jon's knowledge serves us all very well.

     

    Just loved it this am when a commenter throws out a challenge " You guys have never even seen a strip mine or a mountain top removal have you?" and Jon gets to respond very smoothly -- actually " I have. I have seen them in many places, from South Africa to Mongolia." Lesson: Doesn't pay to underestimate Mr. Springer!
    16 Apr 2012, 01:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » LOL, I love it.

     

    One of the recurring events on the internet which are often darkly humorous is the occasion when a newbie bursts into a long-running blog or comment stream on a series of articles and starts throwing their ego around.

     

    Particularly around here, they will often run smack into actual experts - like a cartoon character running into a painting on a mountain of a tunnel entrance...
    16 Apr 2012, 01:29 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    Common when 95%+ of their "substance" consists of ego.

     

    What they may fail to realize is that most folks here that take the time to contribute have their egos managed well enough that the ratio is inverted.

     

    Sorta like challenging the guy sitting at the table and when he stands up, he's 6" taller and 50 pounds heavier than the challenger - OOPS!

     

    Yes, I exaggerate, but I think the analogy is appropriate for some of the "lightweights" who don't know how to work.

     

    MHO,
    HardToLove
    16 Apr 2012, 01:47 PM Reply Like
  • jimp
    , contributor
    Comments (671) | Send Message
     
    Chi,
    Thanks for your comments on QRM and NTU!
    16 Apr 2012, 11:36 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IVpSoF

     

    Hearing has concluded, now we are waiting for an answer on "...a date to be determined..."

     

    I hope the good minister has already gotten his vacation in for the year...
    17 Apr 2012, 09:35 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/HUEpz8

     

    Interesting comment on Stockhouse, it gives a fairly sweeping overview of the juniors seeking to figure out how to separate HREEs and other minerals.

     

    Reading between the ilnes, the idea is that when GWM finally cranks up, it is likely to be the only (and first) ex-China operator producing the HREEs, and companies like Alkane, Lynas, and many others will be looking to toll that portion of their production rather than process it themselves.

     

    It will be ironic if GWM ends up purchasing and processing HREEs from Lynas, LOL.
    17 Apr 2012, 09:46 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Lynas has indicated in old presentations that Rhodia will toll the HREE's from Mount Weld. Rhodia has also indicated their intent to reopen their plant in France. And to be exact, it is the GWGQD JV that will do the separations in South Africa. The real issue will be whether Lynas builds a HREE separation phase in Malaysia. I'd love to see then do it in Indonesia, Thailand or Vietnam.

     

    The other question here is does the downstream production in GW make the HREE separation at smaller facilities when Lynas concluded tolling was better due to the volumes? And if so, did Lynas' downstream JV with Siemens change this equation for LAMP?
    17 Apr 2012, 03:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » OK, let's review:

     

    I said that Lynas would be tolling their HREE production. Check, it looks like they will be, but is it safe to assume that Rhodia will reopen a mothballed plant to do so? To be exact: Rhodia has an offer to be purchased by family-owned Soljay of Belgium, so we will probably have to see what the new owners might want to do: http://buswk.co/IGmr0T.

     

    Lynas could presumably pay Soljay for any proprietory technology they need from the Rhodia files, and of course to assist in the design and buildout of a new plant for processing HREEs.

     

    GWM will be building and operating the front part of the separation cycle at Steen (the chloride solution plant). Extraction will indeed take place at the GWGQD plant. As I understand their agreement, GWM will also then have the rights to 100% of production from the plant.

     

    As for what Lynas will do...

     

    I would tend to agree, Chi, it will either:

     

    Set up tolling agreements for processing its HREE output, or:

     

    Start designing and building its own HREE processing plant (probably at LAMP). I would also love to see them locate any potential new plant elsewhere, though I would also think that their next likely development after completing phase 2 for Mount Weld and LAMP, would be Malawi. Vietnam might be an interesting develpment, if they could perhaps cut a deal with Toyota there...

     

    As I understand their agreement, Siemens is not really looking at HREE processing in their agreement with Lynas, but it COULD be buried in the fine print (which would be interesting). If they do need HREEs in Malaysia and Lynas can toll the processed goods via Rhodia, that might also be workable long term. IF Rhodia or Soljay, reactivates mothballed facilities and they do, indeed, have the ability to process all those elements, of course. I have been unable to determine which elements Rhodia once processed in that facility.

     

    My reading on GQD would indicate it is one of the very few Chinese companies with the knowhow to handle all 17 elements. Presumably they will also be able to setup a process for what they need with GWGQD, but one of things which have been occurring during the long negotiation which culminated in GWGQD was large samples from Steen getting analysis at GQD in China.

     

    As for the decision regarding tolling, they may indeed have decided that it would be a while before they were producing high enough quantities of HREEs to require the expense of another, very different extraction process housed at LAMP (which by that time might also have become so mired down in local politics that Lynas hesitated to invest tonnes more cash in the country). Regardless how friendly Lynas presumably is with Rhodia (or the presumptive new owner, Soljay), they must be treating a future hint that Rhodia might open a plant to process heavies as just a potential alternative at this point. NC is pretty cagy, I bet he has several alternatives open to him, some of which we have not yet seen revealed.
    17 Apr 2012, 05:11 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://seekingalpha.co...

     

    TB, here is why Boy Wonder was on the GW cc..... I thought he was about to do a piece since he had not been on it before so here it is.
    17 Apr 2012, 11:30 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    A nice education in the sector regardless of agreement.

     

    Thanks for the link!

     

    HardToLove
    17 Apr 2012, 12:38 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Massive data dump of already covered data, while he glosses over more recent news (...still waiting on the NI before anything can be nailed down as to Steen...).

     

    Interesting that they have abruptly noticed LCM and GWTI as valuable assets...

     

    Perhaps eventually they will equally have to recognize processing and separating facilities when GWM builds them as also representing key assets.

     

    I keep seeing how many mining sector sources for rare earth ore, tailings, and mixed concentrate are either already out there waiting for someone to process them, or due to arrive over the next 2 to 5 years...

     

    In the end Steen's legacy may be much more than a little mine in South Africa.
    17 Apr 2012, 02:25 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I don't know if Strategist wrote this thesis before the funding and did not want to revamp it once the funding came out, but I think the funding makes the article much less valuable. GW has effectively "Bet the ranch and every steer in the county" on Steen with the funding.

     

    Engdahl has said that Steen operations are the key to cash flow and profitability. The balance sheet further supports this idea short and medium term. Now GW has $90 million in convertibles, about half of the current market cap, that carry 8% interest (paid twice annually). One of three things will happen here:
    1) GW builds Steen out with separations and chlor-alk concentration and the company is successful with the current plan;
    2) Steen drills and activities do not meet bond requirements and the funding is lost (a scenario where no one would want to hold at the current price); or
    3) Steen goes forward but the project not successful due to either delays or something unforeseen (geology, politics, REE prices, ect.). This would likely result in a restructuring and the bond holders would try to get recouped with current assets and shareholders would be wiped out,

     

    My point is not to say if 1, 2, or 3 will happen. Rather, the issue is the bull and bear scenarios of the current stock all depend on Steen. LCM is a long term story for GW. Strategist feels Steen is bad and LCM is great. At the current stage that is no reason to hold or recommend the stock if you do not like Steen. I think he would have been better off just doing another Moly pump (which seems to be is underlying theme anyway). Overall, good trivial knowledge, but a weak stock piece IMO.
    19 Apr 2012, 10:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/I2CnKU

     

    Interesting set of ore-sorting equipment...

     

    I could see this as being verfy useful for hard rock rare earth mining.
    17 Apr 2012, 02:20 PM Reply Like
  • LT
    , contributor
    Comments (4603) | Send Message
     
    Honda to begin recycling of REE's:

     

    http://on.mktw.net/INI5Wi
    17 Apr 2012, 08:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » This is something which all the automakers know will soon be required by governments everywhere.

     

    Hyundai is already hinting that there will have to be a disposal charge (ie, any recycling is unlikely to be very effective, and will certainly cost more than it nets in reuseable materials). Hyundai is seeking to turn this into a marketing advantage with their new Sonata Hybrid, which purchase includes a lifetime warranty on the battery pack (to the original owner only, and for the pack only, and only in the US and only on the Sonata model). The warranty also includes the cost of any recycling fee...

     

    Inevitably, these fees WILL be added to the customer or the taxpayer. As with the early hybrids from Toyota, the government support will time out after a while, leaving them to concoct more advanced new cars (higher level hybrids, or outright electric plug ins) to seek to keep the taxpayer gravy train on the tracks as long as possible. When, ultimately, they run out of OPM (other people's money), however, all the costs will come home to roost upon the customer.

     

    There is "recycling" (inexpensive, efficient, and allowing virtually all the materials to be reclaimed at a profit) and "recycling" (expensive, inefficient, and allowing very few materials to be reclaimed even at a high loss)...

     

    #2 looks to be what we will end up with.

     

    As for the impact all this will have on the rare earth sector, it may well mean that we will see strong political impact on the demand side as well as strong geopolitical influence on the supply side.
    18 Apr 2012, 09:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Adding Lynas today in the belief that once again, chaos reigns in the media. Attention on a "delay" while the Science Minister mulls over the arguments from the 3 remaining complainants is overhyped. Reality is that the man could just as well have gaveled them down and said "no, you have presented no solid science and nothing new" immediately, but he wisely chose to "take it under advisement" for a day or two (we may hear something this evening after the market closes, which would be Friday there of course).

     

    The PSC (parliamentary committee composed entirely of members of the ruling party, with a mandate to explain things to the Malay populace - the opposing minority party boycotted this committee stating it would be a whitewash) has scheduled a hearing for early May. Again, this is being intepreted in some venues as "worrisome". LOL. It must be fun being able to have your cake (not participate because its a whitewash) and eat it too (treat it in the luddite's pet media as somehow threatening).

     

    So, adding Lynas on the dip today...

     

    Adding GWMGF also on the dip...

     

    Adding IAALF, ditto...

     

    Adding QREDF, I see this one as attractive now under $.17...

     

    Watching TAS at it drifts near my buy target around $1.94...
    18 Apr 2012, 01:07 PM Reply Like
  • jimp
    , contributor
    Comments (671) | Send Message
     
    Nice thoughts TB
    18 Apr 2012, 05:03 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/I3tYuY
    18 Apr 2012, 07:26 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Good news for Lynas from the Malaysian Insider? Surprised they printed it:
    http://bit.ly/HWafi3

     

    Datuk Mashal Ahmad, managing director for Lynas' local operations here, told a media briefing today that research and development to reprocess water leach purification (WLP) residue into materials for road-building has been successful.
    "But we cannot submit to the authorities for approval yet because we have to do it with actual residue from our plant. The technology is proven and it is nothing new but you have to change it for your own residue," he said.
    Local regulators Atomic Energy Licensing Board (AELB) had said in January it would approve a TOL subject to added conditions including identifying a suitable long-term waste disposal site.
    Lynas had said last month that identifying this site "is a work in progress.”
    Lynas Malaysia had said prior to AELB's decision that a PDF will only be needed in a "worst-case scenario" where it is unable to reprocess the waste into a commercial product....
    According to Lynas, refining rare earth ore from Mount Weld, West Australia will result in three forms of residue, two of which have a radiation level of below 1 Becquerel per gramme (Bq/g) which is considered non-radioactive and outside of regulatory control by both international and local authorities.
    Professor Ismail Bahari, the company’s radiological safety adviser, had said that the process for the WLP can dilute radioactivity to below 1 Bq/g.
    Mashal added in the interview in January that Lynas was serious about reusing its waste commercially as it had spent RM750,000 to produce 40 kg of residue from its pilot plant for the sake of research.
    "We spent three quarters of a million just to make rubbish. Why? Because we are proactive and we are already able to bring it below 1 Bq/g and come out of regulatory control," he said.
    19 Apr 2012, 10:38 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    *That's* a very positive development.

     

    It's good to see some progress on a process that knocks the last leg out from under the protesters.

     

    HardToLove
    19 Apr 2012, 10:48 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Notice: The SA site is experiencing difficulties (many of us have noticed this as ongoing though it appears to be tailing off as of this comment), and this includes some comments vanishing. I have deleted no comments, though I have had several problems with my own posts, so if anyone has "lost" notifications, comments, etc, this is one of those occasions when we need to grant the SA folks a little patience...

     

    LOL, one of the things I thought to have posted was a link to a similar (though not identical) article on this same subject, Chi. I too find this oddly reassuring. Could the luddites be setting this up for a soft landing as they seque onto another political target? Did their focus group testing indicate its a losing topic for them?

     

    We can but hope.
    19 Apr 2012, 02:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/I53Wrf

     

    Note the lead-in: "Japanese trading houses have, over recent months, been able to help push down rare earth prices by dipping into inventories rather than buying more from China. But that was only a temporary solution as the latest news shows.

     

    Prices of key REE are on the rise again - and it affects mainly the element whose supply shortage will not be solved by Mt Weld and Mountain Pass. While the two new mines will produce some neodymium, dysprosium supplies remain a problem."

     

    What is not written (and how could he, he is an actual journalist whereas I am a lowly blogger) is the followon that the middlemen have been trading in the smuggled and stashed metals resulting from the destruction of the private Chinese rare earth sector...

     

    But even so, it tells the story, between the lines.

     

    Now we will see what happens as the markets become more tight than ever.
    19 Apr 2012, 11:05 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    (GWMGF): More Great (Western) News!

     

    "Great Western Minerals Group Grants Options"

     

    "... as at April 17, 2012, to officers, directors and consultants an aggregate of 4,500,000 options to acquire common shares of the Company. The options are exercisable into common shares of Great Western Minerals Group Ltd. at a price of $0.63 per share for a period of five years from the date of grant and will vest in accordance with the Company's stock option plan".

     

    http://mwne.ws/HWed9h

     

    HardToLove
    19 Apr 2012, 01:58 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Great!
    5 million shares granted Jan 16 @ $0.58 per sharehttp://http://bit.ly/zafyJW

     

    and now 4.5 million @ $0.63 in April?
    http://mwne.ws/HWed9h
    That is way too many shares and compensation per quarter. That is $4.727 million so far this year! It is almost 1% of the MARKET CAP per quarter if they grant no more till July! Apparently, the burn rate is no concern even after the 8% interest convertible. Also note, management priced them at $0.63, the same price as the$15 million November offering. Talk about a heavy cap sitting on the stock at this point.

     

    GW, your stock option plan is the most anti-shareholder in the rare earth industry!!!! But don't worry, I'm sure Stockhouse is celebrating your "mining the street" like you always do. Good luck longs.
    19 Apr 2012, 04:26 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Adding GOLDF and TAS on the dip.

     

    Selling TWO.

     

    Watching GWMGF, IAALF, QREDF and SNDXF...
    19 Apr 2012, 02:04 PM Reply Like
  • FreoDoctor
    , contributor
    Comments (112) | Send Message
     
    Lynas is showing it was serious with its threats of lawsuits. http://bit.ly/ICMQPb
    20 Apr 2012, 12:10 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Yes, I think they had no choice.

     

    In many cultures failure to fight back against an attack, particularly one so lacking in facts, is interpreted as both weakness and cause to doubt the injured party. Silence and passivity become more of a liability than is caused by any damage rendered by the enemy...

     

    Still, the important news is still pending the word from the Minister of Science. I am mildly surprised that his decision was not rendered Friday...

     

    I expected a reaction in the share price on the ASX, and yes, there it is... Down A$.025.
    20 Apr 2012, 08:18 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/J2k8KZ

     

    Apr 19/12

     

    Apr 18/12

     

    Engdahl, James Bruce

     

    Direct Ownership

     

    Common Shares

     

    10 - Acquisition in the public market

     

    10,000

     

    $0.450
    20 Apr 2012, 09:25 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    So Engdahl bought $4,500 of GW on the open market on 4-18 and got $441,000 granted in options 4-17 at a price under par just over two months ago. Lovely! I don't know why I jumped on Smith's case for a weak buy last Summer. Honestly, that link should induce vomiting from any GW holder IMO.
    20 Apr 2012, 09:53 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    Here's some encouraging news about optical applications for the rare metal germanium.
    http://bit.ly/JlBjUk
    23 Apr 2012, 01:04 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    More in the graphite space.

     

    Graphite: The Driving Force Behind Green Technology

     

    http://seekingalpha.co...

     

    Read the comments for some other companies not mentioned in the article. The Zimtu compnay mentioned near the end has a symbol of ZTMUF and trades on the greys. *Very illiquid though, so be careful.

     

    With the recent spate of articles about this space, I wonder if there's some kind of "pump" going on.

     

    I'm sure there's a good future for many of the operators in the space, but why the sudden uptick in articles?

     

    HardToLove
    23 Apr 2012, 02:10 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >H.T.Love ... "With the recent spate of articles about this space, I wonder if there's some kind of "pump" going on." ... Count on it. The only companies I'd be willing to consider would be the ones in the link below:

     

    http://bit.ly/IHdV2u

     

    Graphite is going to become a vital strategic mineral but it is 5 years out on the development cycle. If Graphene can be derived from Graphite, mines with good grade & volume will be better than gold. Good trading but be careful out there. None have even approached the Valley of Death stage.
    23 Apr 2012, 02:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    Thx DRich! Bookmarked that link.

     

    HardToLove
    23 Apr 2012, 02:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » DR: I agree, and I view this as very early other than some specific companies with nuclear power applications, and there we see the overhang of the UD Japanese reactor mess still very much present...

     

    But I really like keeping tabs on this sort of thing. Graphene may end up being THE example of an ultraexpensive exotic material which becomes a key strategic commodity - and perhaps ultimately as widespread and critical to modern existance as smart tech.
    23 Apr 2012, 02:25 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >Trip ... My interest in graphite is for Pebble Bed Reactors. A technology I hope someday soon is given a chance. It's a shame that light water reactors were the early choice for nuclear and not heavy water but it is what it is.
    23 Apr 2012, 02:34 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/JBjjHI

     

    Northern Minerals drill results.
    23 Apr 2012, 06:56 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    These are good results. The market mostly ignored them, but the intercepts are good and there are good drill targets even if the TREO% is low. NTU is still working on the JORC which I think is still months away. That said I think they will have a JORC well worth reading. All of their drill reports are very transparent. They give the full results in plain language, with several maps, and in a structured scientific way (click on the full results link on the article to see what I mean).
    With GW working towards an NI 43-101 and TMR running a recent article on JORC and NI's the blogs have a lot of discussion right now. From a legal background, I tend to view any regulation both from it's intent and it's resulting effect. My view is the NI is its an improvement on the credibility of the third party review, but little more than that for me. JORC's and NI's are like computer programs to me- They are only as good as the information in them. You can't rely on just a third party opinion or even the requirements of the data. Rather, the reader has to look at the data itself. If the final instrument:

     

    1) Shows an attention to a scientific approach;
    2) Provides clarity on all levels;
    3) Is complete in it's reporting;
    4) Offers a clear understanding of the project; and
    5) Allows the reader to asses risk/ reward on the project with confidence...

     

    Then I don't care if it is a JORC or NI, it is good either way. But if the clarity is lacking, neither is much value. I think the NI safeguards are a good idea, but they were never intended to replace critical thinking. So if an NI satisfies requirements, but leaves you too uncertain that is an issue. And likewise if a JORC is created in a scientific way with respect to clarity and detail I would not discount it due to it's origin. I think NTU will create a great report based on their prior drill reports.
    24 Apr 2012, 11:00 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Some additional details about Northern's agreement with Toro:

     

    http://bit.ly/Io1s6K
    24 Apr 2012, 07:16 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/Icg5fh

     

    this might be of interest to some here. I am not sure what this blog is all about but there are nice pictures of the MCP site construction. I thought those interested could dig around.
    24 Apr 2012, 09:50 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    The pictures appear recent, but a little behind the Moly April update on the website. My opinion is these guys are still going very slow and are WAY WAY behind schedule. I see zero acceleration. I wonder if there is a design problem or what? Phoenix is still mostly foundations and shells. Considering that most plants I've watched develop quickly in the early (low tech) stages and take longer on the high tech later and commissioning stages, I see Phoenix very delayed.
    Overall, I view the Moly NEO buy as a distraction from Phoenix as much as a short term business solution. I think the synergies are limited and logistics is making this a hard fit. But most of all it is hard to evaluate Moly at this point. If the current model were more efficient I could see a better future. But the current model looks inefficient and cluttered while the Ce and La prices with the weak Phoenix development taint the future. I say stay away.
    24 Apr 2012, 10:30 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Chi, there is some logic I have been mulling over which supports your viewpoint. One motive for MCP to buy NEO would be to acquire proprietory knowledge which they had failed to develop internally, and which was desperately needed to push their overall business plan forward. Could this include insight into processes they intend to use at Phoenix phase 1 or 2?

     

    I don't know, and perhaps we will never know the full story, but I too view the logistics of shipping Mountain Pass output to Neo's Chinese joint ventures as questionable. Far more logical would be for these companies to continue to avail themselves of inexpensive domestic Chinese prices, and export finished goods or supply their large Chinese customers.

     

    The one thing unaffected by difficult logistics, export quotas, and import tarrifs, would be information...
    24 Apr 2012, 10:38 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » For the first time in a good while LYSDY has matched LYSCF (@ $1.14). Now we will see if the retail LYSCF side can keep up with the institutional LYSDY side. I have been expecting this relationship to shift at some point over the past few days, and I believe this could be interesting. If I am right, more institutional investors will be buying Lynas (via the LYSDY ADR), slightly ahead of the news curve which will see the bulk of the retail investors (via LYSCF) waiting. This development would be confirmed (indirectly) by higher volume on the usually laggard LYSDY and a gap opening in price between the two, with LYSDY bringing a small premium.

     

    With news anticipated any minute from the Malay Science minister...
    24 Apr 2012, 10:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Voila.

     

    LYSDY is $.04 higher than LYSCF, completing the initial move.
    25 Apr 2012, 10:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » LOL, forgetaboudit.

     

    ASX is closed today. ADRs will get pounded by Aussie shorts looking to get a gap down to unload ahead of the news wavefront this week...
    25 Apr 2012, 10:56 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/HYSXNT

     

    Tantalus and Rhodia are getting frisky....
    24 Apr 2012, 10:32 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    TB, do you know how stable Madagascar is currently? I know they had some problems in 2009 (a civil war - Google "Madagascar Civil War", and some of it seems to be unresolved with elections this year). Otherwise... if I was going to stick to Ms for Frontier Markets, I'd love to go to Madagascar... but mostly because I want to see the Baobabs and wildlife there after watching BBC's Planet Earth series.
    24 Apr 2012, 11:02 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » I just watched the series you are talking about. The various species of lemurs are very interesting...

     

    As for their political sitrep, I would characterize it as "tremor" rather than earthquakes...

     

    But of course, tremors often presage earthquakes.

     

    I am not particularly intertested in Tantalus as much as Rhodia and how reliant Lynas is upon their attention. I am also looking for more insight into the likelihood of Rhodia starting a mothballed rare earth processing line which might be of value to Lynas (plus various other re startups). It seems to me more likely that Rhodia will make this sort of investment should they have multiple potential customers.
    24 Apr 2012, 11:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/JHp7ku

     

    What is taking the Science Minister so long to make up his mind?

     

    Maybe all that money Malaysia spent educating him (as applies to the particulars for this case, that would be 7th grade) were indeed just a waste...
    24 Apr 2012, 07:10 PM Reply Like
  • DRich
    , contributor
    Comments (4421) | Send Message
     
    >tripleblack ... Probably waiting for all the bids to come in before declaring the ruling auction closed.
    24 Apr 2012, 07:13 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    "With the ministerial appeal process still pending and the parliament select committee due to submit its report on Lynas in June, the Australian miner looks set to miss its target once again to begin operations by first half this year."
    TB-- what is this June deadline? I thought they were waiting in the appeal process and then that was it?
    tx.
    25 Apr 2012, 10:30 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » AFAIK the PSC's activities are not controlling the TOL - and this particular source is beyond suspect, particularly when talking about fine distinctions.

     

    There is a quote somewhere upstream in the Concentrators from one of the luddite leadership that if they lose the appeal, that's it, no more court action, but I questioned that when I posted it, and still consider it just another outright manipulation.

     

    I have always thought that they will bombard the courts IF they can, regardless of statements otherwise. Whether those courts would then issue injunctions to block the TOL (which as the luddites learned required that the TOL first be appealed and then actually issued, which of course has not happened just yet) is the question.

     

    Of course, the Malay government COULD decide to put a hold on the TOL for some extra-regulatory reason...

     

    The proximate delay is all occurring between the ears of the Science Minister.
    25 Apr 2012, 10:35 AM Reply Like
  • toly
    , contributor
    Comments (191) | Send Message
     
    Good article on emerging juniors...

     

    Rare Earth Juniors Have a Five-Year Window: John Kaiser

     

    Read more: http://bit.ly/JJcbdP
    25 Apr 2012, 12:21 AM Reply Like
  • Eamon Keane
    , contributor
    Comments (311) | Send Message
     
    In case you weren't aware, the 7 page Pentagon "report" on REEs in the defense chain that they "weren't releasing" and refused to give to a Mineweb reporter (http://tinyurl.com/cth...) is available on the Homeland Security Digital Library:

     

    http://bit.ly/Ipc9WE
    25 Apr 2012, 06:17 AM Reply Like
  • FreoDoctor
    , contributor
    Comments (112) | Send Message
     
    The latest from SMSL amd the Malaysian Insider... Cancel Tol by tomorrow and we will agree not to march for free election reforms on Saturday. http://bit.ly/J8VpiU

     

    It will be interesting to see if this gets a response from the minister tomorrow. I suppose his ultimate decision may be postponed until after this rally, but some response to this ultimatum would be interesting. I get the sense the minister doesn't muck around. Also, I notice the article reports that SMSL is "opposed to the refinery in Kuantan that has raised fears of pollution". At least we are now considered a refinery that pollutes, not a plant producing radioactive waste.
    25 Apr 2012, 06:55 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1890) | Send Message
     
    FYI video posted 4 days ago of Q&A with Lynas management reps during company tour. 24 minutes of very detailed questions, breadth of topics, and follow-ups. Credible effort to keep advancing education: http://bit.ly/IpoXfS
    25 Apr 2012, 08:31 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    Watching now Mercy.

     

    Thank you.

     

    HardToLove
    25 Apr 2012, 08:58 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/IIzrWr

     

    some tidbits in there with Gary Billingsley
    25 Apr 2012, 10:58 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IcFdBF

     

    MCP goes rockhounding...

     

    About time, too.
    25 Apr 2012, 11:09 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IbE1R3

     

    Cartel slowly congealing...

     

    155 members (only about a dozen are important, the rest are wallpaper) will not mean chaos, unless chaos benefits the plan. Look for the actual rare earth business to consolidate heavily in a very few hands, with over 95% locked up tight.
    25 Apr 2012, 11:13 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/I1t3Ja

     

    Lynas CC Monday, April 30 1400 hours Sydney time.

     

    If we are still waiting for the Malay Science Minister to return from siesta, this could get surreal...
    25 Apr 2012, 11:18 AM Reply Like
  • DM Lanthier
    , contributor
    Comments (47) | Send Message
     
    Siesta ? Heck, his ass is probably cold (even in Malaysia) from sitting on his roof impersonating a weather vane.
    25 Apr 2012, 01:06 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Checking some of my active tracking:

     

    ARAFF now down to $.26... I smell a bottom, look for support at these levels, might get pulled back to $.35 very easily, opportunity trade?

     

    AXPW... Upgrading my buy target to $.42...

     

    EEP... Watch list. Near buy target...

     

    GDLNF... Watch list. Near sell target $.53...

     

    GOLDF... Buy. May add trading bloc.

     

    GWMGF... Current prices at buy target. Core full, trading blocs full.

     

    IAALF... Buy. May add trading bloc.

     

    LYSCF... Good entry price. I anticipate a spike near $2 by June...

     

    MCP-A... Current buy target $66 for preferred, sale target for common trading bloc of $42.

     

    QREDF... Buy. May add trading bloc.

     

    SNDXF... On watch list, near buy target @ $1.60-...

     

    TAMO... Upgraded buy target to $.185... Rate a "Sell" at current prices...

     

    TAS... Buy. Added trading bloc, may add more....

     

    UURAF... Sell. Continuing to slowly deteriorate.

     

    UAMY... Sell. Upgraded buy target to $3.12...
    25 Apr 2012, 11:36 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Update:

     

    ARAFF up slightly, .26 still looking like a bottom, trading at .271...

     

    AXPW sitting at .42 buy target, good news brought out the high net worth flippers...

     

    EEP moving sideways between 30 and 31...

     

    GDLNF making a move? Hit my short term sale target, taking profits over $.54...

     

    GOLDF around $.11, still a buy, accumulating last trading bloc...

     

    GWMGF still stuck between .42 and .44... Expected update on drill results has NOT come forth, time until NI is due compressing... Rating this one a "hold" for now...

     

    IAALF still a buy, continuing to accumulate trading bloc...

     

    LYSCF utterly news-bound, some sign of manipulation by big holders via ADR LYSDY.... I expect this to reverse sharply soon, perhaps tomorrow...

     

    MCP-A trading sideways, newsbound but also there is the feel of pending geopolitical and political news for this REE sector bellweather...

     

    QREDF looks like a bottom, just under .15, adding final trading bloc...

     

    SNDXF showing some strength, it looks like the trading channel between 1.60 and mid 1.90's still there, may spike to 1.90's and profit taking, good place for a sell program...

     

    TAMO down a little, I still rate it a "sell" in the low .20's

     

    TAS has bounced back, trading around $2.05 again, I will accumulate more at 1.94 and below, or take profits should it reach 2.45...

     

    UURAF going nowhere fast...

     

    UAMY back below $4
    26 Apr 2012, 03:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » LOL, Chi, just sold off the last of my HREEF.

     

    You brought it up here recently, so thanks for the headsup.

     

    I wasn't heavy in it, but for this big a jump I just have to dump and run.

     

    For the record, I rate HREEF a "Sale" today.
    25 Apr 2012, 11:51 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » LOL, a "Sell" that is...

     

    Its no bargain at these prices.
    27 Apr 2012, 08:28 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    TB, I was just gonna ask. Can you believe that? I hope you were laughing at me when you saw it.:-) I went straight over here after I saw that.

     

    I have never understood Stan's Energy. Honestly, if someone asked me who is the surest loser rare earth stock on the planet I would say Stan's. I shorted it once and made money (very little) on like a two day trade, but generally I just resent what I see as manipulative hustle from them (or "hussle" as my clients say).

     

    Some GW bloggers think I have a mental issue with their stock. I don't agree with that, but might have to admit to bitterness against Stan's. It just seems like every junior hustle toss I can recall has come from HREEF at one point or another. Oh well, congrats to the winners and I have a "Sell" on it too.
    25 Apr 2012, 12:57 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » I have NEVER looked at Stans as an "investment" (still don't). If the idea is to invest in the old mine, its the poster child of low TREO levels, and was worked to death by the Soviets, including leaving behind toxic problems and radioactive equipment. If the idea is to invest in the processing plant array, most of it is hopelessly obsolete if not actively dangerous for the environment and workforce. If the idea is to invest in the shadowy management and antique Soviet notes about processing unusual elements or alloys, I would not trust that. The processing formulae are based upon the same dangerous techniques which the current owners plan to replace, assuming they actually raise funding to rebuild their physical plant...

     

    Its best bet is that it might one day be built into a processor and refiner which can handle a wide range of input stock, including high U and thorium content which might be difficult to run elsewhere.

     

    LOL, but for trades, it can be wondrously volatile, as we see once again.
    25 Apr 2012, 01:07 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1890) | Send Message
     
    AELB declares that no permanent disposal site is needed if all Lynas waste is recycled -- while Lynas still waits for TOL delivery decision:

     

    "The Atomic Energy Licensing Board (AELB) told a media briefing today the Australian miner must submit plans, including design and location, for disposal of radioactive waste within 10 months of being issued a temporary operating license.

     

    "If the proposal is rejected, then they have to ship the waste back to its origin," special adviser to the AELB director general Noor Hasnah Mohamed Khairullah said.

     

    But she admitted that if Lynas Corp could recycle all its waste from the RM2.5 billion plant in Kuantan as planned, then it would not matter if the PDF proposal was rejected.

     

    "If there is no waste, then there is nothing to ship out." http://bit.ly/I7aDpa
    26 Apr 2012, 07:57 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Dear ALEB and every Malaysian Government Disgrace,
    Kindly shut up and pi$$ off until we have your final decision. Please do not insult the public intelligence by acting as if you are engaged in a true reasoning process. The global public knows the science and facts and can see this is safe and should move forward after a general review of the key points which should have lasted only a few minutes. Your delays do not show prudence. Rather they show politics designed to mask your paralyzing stupidity.

     

    Dear press,
    Your desire to take a simple issue and make it look complicated has exposed your incompetence and absence from the real world. You have done little more than expose yourself to defamation. The only thing you have done to surprise me is you proved the impossible... Every time I thought Stop Lynas could not be more ignorant and unscientific you consistently guided these stupid clowns to even sillier sound bites. I met several intelligent Malaysian guys in my studies at University of California at Irvine. Regrettably, you are leading me to believe the smart Malaysians all left. You have proven the realities of a brain drain and the mental carnage it clearly leaves behind. A truly sad thing.

     

    I still hold and believe in Lynas. It may well be the only thing worth mentioning in Pahang. The rest appears to be a mental septic tank in dire need of a thorough cleansing. As an American my dearest belief is that all persons are created equal in rights. Your colossal stupidity has created a monumental challenge to this concept. I believe overcoming this challenge makes my belief stronger. And for that I thank you.

     

    Thank you for personifying the imperial notion of the savage in need and yet not succeeding in changing my belief. Know I do not hate you personally, only your arrogance, and inadequacies. And above all, even without any proof, I believe there is something good in you I have yet to see.
    26 Apr 2012, 10:36 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    If you read this message and laughed out loud, please press 1.

     

    If you read this message and thought you should give Chihawk a hug, please press 2.

     

    If you read this message and went looking for a translator to translate it into Bahasa Melayu (Malyasian language) and send it around to all media outlets in Malaysia, please press 3.

     

    If you read this message and primarily nodded in firm agreement, please press 4.

     

    If you read this message and then shouted "that's right" followed by a series of expletives befitting of a nouveau riche rap star, please press 5.

     

    Please feel free to make as many selections as you like, and press # to end this call.

     

    [great post Chi]
    26 Apr 2012, 03:01 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Thanks Jon,
    But you can see with this level of disgust I'm better off posting less. I'm just as bullish as ever on Lynas, but Malaysia really is a watched pot. Oh well...
    26 Apr 2012, 08:11 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    I know we appreciate your posts and candor. Some days are worth griping about, and its a heck of a lot easier griping to folks who know what you're talking about. For me, I saw that post about 15 minutes after I finished writing 2,000 words going off on the international press and a different government I probably can't publish anywhere... but I needed to write it out of my system. Your post was solid.
    26 Apr 2012, 08:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IsqL7D

     

    China cast as the spider...

     

    Appropriate.

     

    Even more interesting will be identifying the new flies eager to climb into the spider's web...
    26 Apr 2012, 11:21 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    This source seems to think that the spider's web will hold together for a few short years until market forces free some flies. I wish I could believe that......
    http://fam.ag/Kb8cqG
    27 Apr 2012, 08:11 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/JdmzFa

     

    buying GWMGF:

     

    25/12

     

    Apr 24/12

     

    Ireland, George R.

     

    Direct Ownership

     

    Common Shares

     

    10 - Acquisition in the public market

     

    100,000

     

    $0.437
    26 Apr 2012, 03:48 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I saw that. That is a good insider buy IMO.
    26 Apr 2012, 04:51 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    This news about rare earths being associated with copper mining and being used more in the oil industry ought to help the growth of the rare earth sector as time goes by.
    http://bit.ly/Ive0cv
    http://bit.ly/IVQcgs
    I have to wonder if more rare earth discoveries will be found with copper. For instance, there is supposed to be some rare earth pegmatites in the Aquarius Mountains located several miles northwest of the important Arizona copper mining town of Bagdad.
    http://bit.ly/Ive0cA
    27 Apr 2012, 01:26 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1890) | Send Message
     
    Well the Malaysian rally that was expected to draw 100,000 participants fizzled with only 20,000 attending (including children). The violence and arrests made -- led Bloomberg to speculate that the Prime Minister's "handling of the clashes could affect plans for timing an election":
    http://bloom.bg/IAOeQU

     

    Those protesting Lynas specifically were diffused by the many other issues being protested according to Bernama:

     

    "The rally did not focus on 'clean and fair elections' alone; Other issues, among them, Lynas, National Higher Education Fund Corporation (PTPTN), Lesbian, Gay, Bisexual and Transgender (LGBT), as well as the Felda Global Ventures Holdings (FGVH) listing in the Malaysian stock market were dragged in, as well."
    http://bit.ly/IkLeOv

     

    Let's hope for good news next week re: delivery of the Temporary Operating License to Lynas.
    28 Apr 2012, 10:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » The Science Minister's delay on the appeal until AFTER this "event" is both logical and another demonstration of the government's timid treatment of anything resembling a political issue...

     

    Unfortunately this means that yes, indeed, we are seeing the delays being punctuated by the opposition's political grandstanding.
    29 Apr 2012, 07:48 AM Reply Like
  • ungawah
    , contributor
    Comments (896) | Send Message
     
    Away on a ship for 2 weeks with horribly slow, horribly expensive internet access and was hoping that my small LYSCF/LYSDY investment had made me a wealthy man. Doesn't look like that happened.

     

    A quick look at the above indicates that little has changed. Things still look promising -- right?
    29 Apr 2012, 09:58 AM Reply Like
  • u4eah
    , contributor
    Comments (16) | Send Message
     
    -LYNAS posts Q-1 Activity Report

     

    http://bit.ly/JkrZ4g
    29 Apr 2012, 07:53 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/Iip8b3

     

    Lynas quarterly cashflow report. Note that there is an error on page 1, but the other pages work. Hopefully they will post up a new pdf without the color space error later.
    30 Apr 2012, 08:51 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Major news out of Kazakhstan:

     

    http://bit.ly/IOrcdr

     

    Japan is overtly entering the rare earth geopolitical battle with this sudden move around the Chinese Cartel's left flank. The claim is that they will have their new dysprosium plant up and running as early as this SUMMER, with 30tonnes of dy shipping back to Japan. Reprocessing old U tailings is how I read this, and its the sort of deal which I suspect HREEF was hoping to land...
    30 Apr 2012, 08:57 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    GWG - Great Western's website is showing the stock +$0.13 or $0.56. I know earnings are supposed to be released today but don't think i recall pre-market moves in this stock.

     

    Matt
    30 Apr 2012, 09:18 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » The GWMGF pinks are trading down a fraction...

     

    Unless GWG continues to diverge, the pre-market is just some anomaly (probably involving a marketmaker).
    30 Apr 2012, 09:38 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » CC is in the file, now...

     

    From price action on the shares, it underwhelmed the institutional types in LYSDY ($1.12 and flat), and failed to reassure the retail investors in LYSCF ($1.15 and falling)...

     

    One concrete takeaway from the call was various estimates for cranking up the LAMP. No one really knows when the TOL will be released and Lynas finally achieve a starting point, but assuming that comes soon...

     

    They will need 4 to 6 weeks (also heard 5) to transport the concentrate from Mount Weld to the LAMP -

     

    Then the processing will need about 60 days (best I can estimate from the various steps tossed around) to cook -

     

    Then 30 days for the samples to receive customer review and OK -

     

    Assuming they get the TOL in 2 weeks, the process should complete an intial cycle by September or October, at which time we can hope for revenue to start to appear.

     

    ...Barring more delays, of course.
    30 Apr 2012, 01:29 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Extending comments...

     

    Contemplating the Quarterly data and CC information, I see opportunity for more delays.

     

    First and foremost, the Malay Science Minister is taking a disturbing amount of time to look over nothing much. This means that what is really at play is political maneuvering rather than regulatory due diligence.

     

    Oddly enough, I am also picking up the sense that Lynas is still in no great hurry for the Malay government to "get it in gear". Completion monitoring of the LAMP appears stalled (like one of the awful 70's TV cliffhangers) at 98%, awaiting electronic equipment which (if one is to believe a NY Times article which I, for one, once considered fanciful nonsense) might take months to build, deliver, and install.

     

    Only if one inserts two large "ifs" (IF the LAMP were complete, and IF you had the TOL in hand) did we see a substantive conversation about how long it would be until customer certification and the beginning of actual production (somwhere in September at the earliest). Even a minimal dose of caution (after all, those 2 ifs are still there long after most of us thought they would be set to rest) is used, the first production run for money cannot START until October, or conclude much before Q1 2013. At first I was thinking it might happen much sooner, say upon customer acceptance of samples, but THEN the real production run must commence, taking its own 2 month cycle to achieve shippable output, then drying and packaging...

     

    December 2012 MIGHT be possible if all the green lights synchronize, but by this time any long time Lynas shareholder will have learned better, LOL.

     

    At this point I am still expecting a pop when the TOL is finally cut loose. Past that we have the various milestones discussed over the rest of 2012.

     

    For the time being, however, the delays continue to erode the share price back toward my same'ol $1.03 buy target, where I might indeed add a final trading bloc...
    1 May 2012, 11:55 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Thanks TB.
    1 May 2012, 12:08 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IuH7PW;

     

    Toyo-Thai is in, UGL (built phase 1 LAMP) is out... Or nearly so, assuming they will stick around some undetermined length of time to finish the last 2%.

     

    OR maybe Toyo-Thai will be able to dive in there and do what UGLy has failed to do.
    1 May 2012, 01:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Taking profits on QREDF on the spike...

     

    Added IAALF on the dip...

     

    Added TAS on the dip...
    1 May 2012, 03:05 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/IF7mAs

     

    Tracy Weslosky interviews Jim Engdahl
    1 May 2012, 03:14 PM Reply Like
  • DM Lanthier
    , contributor
    Comments (47) | Send Message
     
    As suggested on another message board, the upcoming Rare Earth Symposium in Malaysia on May 7 would provide the political opportunity to issue the TOL to Lynas.

     

    http://bit.ly/Jdg2wB

     

    If having a symposium in your own backyard doesn't motivate the politicians to move forward, then I don't know what will.

     

    The only other option I can think of is for Lynas to accept to renegotiate the 12-year tax holiday provisions in their original agreement. The Malaysian gov't will be able to appease some people by saying they strong-armed Lynas into more favorable terms. It may not help the country's reputation for attracting new business with this precedent and it won't appease the Luddites, but it might help Sisyphus finally push the rock to the top of the hill.
    1 May 2012, 06:26 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » My opinion would be that the Malay leadership should be ashamed to further delay a seriously delayed rare earth project, and that highlighting the fact by issuing the TOL on such an occasion would be to shine a spotlight on their own problems in attracting future projects.

     

    Now, if one were to ask me if they might be blissfully unaware of the real situation, certainly, I believe that is entirely possible, and that they might well do just what the poster suggested.

     

    Lynas re-negotiating what appears at this late date to be the only frayed thread from the original deal which might help them recoup massive losses would, imo, be a final nail in Malaysian hopes for attracting foreign capital in so far as this example (this glaring example) is concerned...

     

    But once again, such an eventuality cannot be ruled out with this woebegone cabal of political creatures.

     

    The longer the delays stretch out, the more the mind wanders to nightmare scenarios.

     

    The May 7 RE Symp. is a highly ironic punctuation to Malaysia catching Lynas in their tiger trap. Any attendee with more than 2 brain cells to rub together would be well-advised to enjoy the affair, but look elsewhere for a home for their next large capital expenditure.
    1 May 2012, 06:48 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    a Rare Earth Summit in Malaysia? That is too funny. You can't make this stuff up!
    1 May 2012, 07:28 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/JRkvbZ

     

    Lynas May 2 conference presentation.
    1 May 2012, 10:52 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    Speculation in the uranium sector is heating up again as prices have stopped declining.
    http://bit.ly/IYYPpZ
    http://bit.ly/Iuwa0o
    3 May 2012, 12:17 PM Reply Like
  • Lafferty
    , contributor
    Comments (253) | Send Message
     
    I've noticed a trend in REE prices lately (as reported on MetalPages) whereby prices rise in China and drop ex-China. I'm wondering if this might be part of a Chinese strategy for dealing with the WTO case. (That is, if the price differential between China and ex-China comes down, the case may lose its heat.) Just a speculative possibility I throw out there for comment.
    3 May 2012, 01:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » One explanation (impossible to prove, but its my favorite theory) is that the process of creating the Chinese REE Cartel (almost complete now) has driven the old private rare earth industry in China to sell off their hidden stores of rare earths while they still can. This has created a temporary market surplus ex-China, while simultaneously creating a slightly tighter domestic Chinese market.

     

    The theory could also include the observation that some illegal smuggling might have occurred...

     

    Obviously, this sort of event is a unique, one-time occurance, with a transitory effect.
    3 May 2012, 02:38 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    Greenland Minerals' Pre- Feasibility Study indicates that the firm expects to be a low- cost producer of rare earths and uranium.
    I'm reviewing the details about how that might be possible.
    http://seekingalpha.co...
    http://bit.ly/IwDgRX
    4 May 2012, 12:17 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » I continue trading this one upon occasion, slowly accumulating zero or low cost shares.

     

    Their primary problem remains the laws on the books against Uranium mining. Until those are removed or relaxed, this project just keeps extending into the future as a "definite maybe".
    4 May 2012, 09:26 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    There seems to be conflicting ideas about their uranium policy. The media source dated Sept. 2010 indicates an exception granted to Greenland Minerals. But a government report dated Aug. 2011 states that there is a no tolerance policy about uranium and thorium. Definitely only a maybe at most, that is for sure.
    http://bit.ly/KgnVT9
    http://uk.nanoq.gl~/media/29cf0c2543b344...
    4 May 2012, 12:02 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    That is determined by typing in "uranium" in the government's homepage search box.
    4 May 2012, 12:04 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » The exception was simply to allow sampling and test drilling, and even then they had a tight U limit. "Mining" is still verbotten.
    4 May 2012, 05:11 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Lynas (and all the other Aussie stocks I track) dropped like a rock last night downunder. LYC ended down A$.025 at A$1.065, rapidly approaching my old $1.03 buy target (again).

     

    Lynas also registered another 100,000 shares in options, bringing the total to 92, 329, 418 (if I am adding correctly).
    4 May 2012, 09:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » OK, LYSDY hit $1.02 this afternoon, but I am holding off to see how far this correction dips. With the obvious shameless use of Lynas as a handy political plaything by the Malay government, the question is simply "how low" it will drop and "how long" they will toy with the Australians (and us shareholders).
    4 May 2012, 05:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Today marked a frank and very broad selloff, with few exceptions. As such I looked to page 1 of my list to see which stocks we getting "interesting"... And sure enough, many were. BUT with what looks like the next leg of the correction (which I still believe will likely run to 1320 or 1310 on the S&P) in full flower, this is one of those times to track your candidates and wait to see if the macro market also meets projections.

     

    Even so, an Update:

     

    AXPW back near $.42, which remains my buy target. Though I am no longer buying large blocs of this stock, I continue to accumulate as the price looks attractive.

     

    EEP finally pierced the $30 buy target I have been carrying for a long time. I will be adding some of this should the macro situation sustain the dip.

     

    GDLNF - I recently took strong profits from this stock, and now I am sitting on just the sock drawer contingent. I have a buy target of $.46 on Greenland, and I expect to see it soon...

     

    GOLDF - Sold off all but my core holdings in a recent profit taking, now I am accumulating toward a nice trading bloc once again, preferably at $.11 and below. Attractive for a trade at current prices...

     

    GWMGF - I am disappointed at the lack of further drill program updates (promised but not delivered so far), and from the share price action, so are a lot of others. I am still long this stock, but I took profits steadily as this share price retreated, so now I am carrying only a moderate allocation, though I will add if the NI report is encouraging. I am not selling at current prices, which I consider attractive IF news supports reserve estimates sufficient to free up funding. So its a price which should be a buy, but its a stock I consider a Hold due to circumstances.

     

    IAALF - Loaded up the core plus several trading blocs as this one dipped recently below $.10 (well below my $.12 buy target and the prior trading range). Now I am primed to take profits at anything at or above .16, accumulating free shares to add to my core, longer term holdings.

     

    LYSCF/LYSDY - Already commented above. This one IS at my Buy target, but with no news this week and macro market erosion (LYC is a member of the ASX 100, and therefore can react to that index when it dips) occuring, time to wait and watch...

     

    MCP-A has dipped to my Buy target, and I will probably add some shares next week.

     

    QREDF dipped to my $.15 buy target earlier this week, where I loaded up my core and 2 trading blocs. Now waiting for .19...

     

    TAS is sagging, now trading at $1.76, well below my earlier buy target in the 1.90's, or my more recent target of $1.84. I will be adding soon...

     

    UURAF has stagnated around $.31, and even some fairly positive interviews with the UCore CEO this week failed to budge the stock. This one is a Sell.

     

    UAMY is weakening a bit, but is still trading well above my current buy target of $3.12. One to watch...
    4 May 2012, 08:18 PM Reply Like
  • jimp
    , contributor
    Comments (671) | Send Message
     
    Thanks TB. I really hope after two weeks Malaysia issues the final approval! This is getting very painful & sad. I shuttered when you mentioned "nightmare scenarios" in an earlier post.

     

    I did buy some more TAS today at 1.87. I also sold out all of my AVL.
    I'm thinking that QRM and TAS are overall better than AVL with all things considered...

     

    TB, any interest in Zenn Motor Co (ZNN.V) ?
    4 May 2012, 09:53 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Zenn is another capacitor-researcher trying to break into the EV world. Its complicated, but I tend to agree with John Peterson that pure EV's still have a LONG row to hoe...

     

    I avoid these companies, including Tesla.

     

    The most compelling logic involves, ironically enough, strategic and rare minerals. Mankind cannot produce enough of these to create EVs to displace hydrocarbon energy sources (frankly, neither the math nor the logic supports this) WITHOUT hugely developing nuclear power sources, which choice has been largely rejected, at least for now. The hoped-for cost reductions for EVs, for instance, would require that the world not only find sources for all those metals which it currently is struggling to produce, but sources which would create large market SURPLUSES, which I consider impossible until we develop things like commercial space travel and development.

     

    Anyway, I'm not picking on Zenn, I just consider that whole sector several decades from liftoff, and the current efforts are probably going to auger in.
    5 May 2012, 06:14 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1890) | Send Message
     
    OK, I'll take ANY little bit of positive news about Lynas -- albeit from academicians. There is now support for the LAMP serving as a source for global research on rare earths. Experts point out once operational, Malaysian rare earth expertise could "make a quantum leap with the existence of the plant." http://bit.ly/JbEUHm
    5 May 2012, 01:11 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Academics always find something nice to say about the host country while attending an international symposium...

     

    LOL, else they might not get invited back next time.
    5 May 2012, 11:50 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    Wyoming is devoting part of its state budget for rare earths geologic analysis, surveying, research and development.
    http://bit.ly/JD1OTv
    5 May 2012, 07:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Smart. Sometimes you find examples of why this sort of thing really CAN work if its left up to the individual states instead of some amoebic central government bureaucracy.
    5 May 2012, 11:51 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » OK, down day and my buy list is lit up like a Christmas tree...

     

    GDLNF just dipped to $.455, now watching for a bottom...

     

    GOLDF is a buy again just below .11...

     

    GWMGF continues to erode, now at .408...

     

    Adding IAALF below $.10...

     

    LYSCF on watch as it flirts with $1.05...

     

    LYSDY a Buy at $1.01, but I lurk (with what I suspect is a large crowd) at $.99...

     

    MCP-PA has dipped blow my buy target, adding around $65... They will be paying nice dividend ex-date May 15 http://bit.ly/Ja0I4w

     

    QREDF fluctuating between .15 and .16... Hold...

     

    Sandstorm SNDXF near a buy at $1.68

     

    TAS is a Buy, but it is trending lower, lurking here could bring in shares below $1.70

     

    UURAF is floating upward against the current, I don't trust this, not biting...
    7 May 2012, 02:18 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17247) | Send Message
     
    I've been eying LYC too.

     

    But I'm thinking another day or two to see if more comes my way via the USD.

     

    HardToLove
    7 May 2012, 02:31 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Logic and Lynas share prices are simply out the window.

     

    Logic tells me that a regulatory refusal is already factored into the share price...

     

    But toss Logic out the window, as I said...

     

    And you have to consider that an ACTUAL setback (which has yet to occur, and which itself would be an illogical event) would create a strong reaction...

     

    In which case a share price from 2 or 3 years ago becomes possible....

     

    And with the puzzling and increasingly alarming delay in the appeal outcome from the "Science" Minister...

     

    Even lurking in the .90's may be risky.

     

    Has anyone computed how much its costing Lynas to simply "idle" while the delays mount up?
    7 May 2012, 03:02 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » OK, I'll do some rough numbers for Lynas...

     

    http://bit.ly/KInsaA

     

    As of their last Quarter ended March 31, they had $182.7m term deposits, and $120.8m restricted funds (dedicated to complete Phase 2), total of $303.5m

     

    Their burn rate last quarter was:

     

    Construction for Phase 2 (from restricted funds) $60.4m
    Other $66.4m
    Total: 126.8m

     

    We were told once again that Phase 2 is on budget, so the assumption is that the remaining $129.8m in restricted funds will complete that buildout (based upon the rate of burn, in about 6 months or so, or by September or October 2012). Anything extending the timeline much past that point will require more funding, unless a strong slowdown in spending for this purpose should occur.

     

    This leaves $182.7m / $66.4m (last Quarterly net burn rate other than Phase 2 Construction), or about 8 months and change...

     

    This ties in neatly with my recent comment estimating that Lynas will be lucky to achieve initial shipment and revenue flow by December 2012 (coincidentally, about 8 months and change from the end of last quarter...

     

    Needless to say, every month in further delay is costing Lynas money, and making a tight schedule look a LOT tighter...
    7 May 2012, 04:55 PM Reply Like
  • jimp
    , contributor
    Comments (671) | Send Message
     
    I think I read that the science minister will be visiting the LAMP this thursday.

     

    Bought more TAS today. Agree that it looks like its trending lower.
    Wonder what's pulling the rare earth sector lower this time?
    7 May 2012, 07:48 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    (AVL) pushes back timeline:
    http://bit.ly/JY3d9s

     

    "Recent research work on an alternative to the "caustic" cracking process tested to date has identified a potentially more efficient cracking method and laboratory testwork to assess this alternative is underway. Once a decision is made on which is the best alternative, a pilot plant trial will be conducted. This pilot plant trial is not expected to begin until later in 2012 and as a result, the final design criteria for the cracking facility are not expected to be available until early 2013. This extends the target date for the completion of the Feasibility Study to the second quarter of calendar 2013.

     

    The scope and timing of any testwork required for the separation plant process has yet to be determined and at this time it is assumed that it will run in parallel with the work on the cracking process. The Company currently has $48 million in cash resources, which is sufficient to complete the Feasibility Study and cover overhead expenses."
    7 May 2012, 07:09 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    http://bit.ly/Kh94IX

     

    comments from Jack Lifton in Malaysia that I think we can all agree on...
    7 May 2012, 08:52 PM Reply Like
  • ungawah
    , contributor
    Comments (896) | Send Message
     
    Several cents up in Oz tonight. Could this be the beginning of an upswing??
    7 May 2012, 10:22 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Lynas now trading in the $.90's...

     

    No bottom in sight, really, it is all news (or the lack thereof) driven.

     

    Any setback with the TOl at this point would ignite a train wreck.

     

    For those with strong stomachs, Malaysia has just reset Lynas several years to a penny stock...
    8 May 2012, 10:54 AM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    TB-- where do you see Lynas trading in the .90s? my quotes must be way off then.
    8 May 2012, 11:02 AM Reply Like
  • jakurtz
    , contributor
    Comments (1909) | Send Message
     
    Last trade 15k went at .99 for lysdy. current 2500 @ .99/bid and 2500@1.02/ask.
    8 May 2012, 11:05 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Thanks jakurtz.
    8 May 2012, 11:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/IAwK95

     

    LAMP is safe according to the experts at the Malay Symp.

     

    No duh.

     

    Of course, STILL nothing from the Malay Science Minister.
    8 May 2012, 11:04 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Adding LYSDY at $.99 and below...
    8 May 2012, 11:11 AM Reply Like
  • ungawah
    , contributor
    Comments (896) | Send Message
     
    Sure is hard trying to squeeze out much of the 99¢ Lynas stuff. Was able to get a little, but I doubt if my small order get completed today.
    8 May 2012, 03:39 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » It seems to have finally broken loose late in the day...
    8 May 2012, 04:03 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Ahh ok. I was looking at LYSCF.
    8 May 2012, 11:16 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » The discount for the ADR continues as the institutional investors bail, particularly those with rules against investing in stocks selling for less than $1...
    8 May 2012, 11:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Added MCP-PA...
    8 May 2012, 11:26 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I'd say Lynas and GW are separating themselves from the real damage today. I've been reading for a while and see little support for the Lynas fear. The stock is trading to support and the TOL story seems to be crawling along. Granted we expected more by now, but I think the long term still looks good. Lynas is the only REE stock where the information suggests major improvement could be near term. I'm adding here.

     

    GW is also holding support. I don't like that we are moving along the bond timeline without more drills. And I did not like Engdahl using the surface acreage as the reason why Steen will be large enough. That claim makes me worry further that they are still looking for drill targets. That said, the stock is holding up so the holders do not seem worried. On a day like today (when their Canadian sister projects are getting pounded) that is a good sign IMO.
    8 May 2012, 12:04 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    It looks like an interesting lineup of speakers and topics at the International Rare Earth Summit in San Francisco. One of our favorite blogs will keep us posted on what will happen with this.
    http://bit.ly/JZL6ju
    http://bit.ly/KiJL9e
    8 May 2012, 12:10 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Every time I buy Lynas for the past year, I send the stock down.

     

    On the one hand, I'm considering buying today. On the other hand, I like you ladies and men too much to put you through more trouble.
    8 May 2012, 02:28 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Lynas capitulation?

     

    Stock frankly trading in the mid $.90's...

     

    STILL no word from Malaysia!

     

    LOL, how many investors around the planet are currently placing "Malaysia" in a high risk market category and reviewing any of their investments which have capital at risk in that financial tiger trap?

     

    My personal reaction is something like when I see "Venezuela" listed on a company's project list...

     

    Congrats to the luddites. If there is any justice in the universe, they will now discover whether living in the 16th century was REALLY all that great.
    9 May 2012, 10:19 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Lynas is trading poorly. I still believe in the fundamentals and hate Malaysia. All luddites have the luxury of enjoying the darkness until the wisdom bleaches them out. This means they are winning until a solution is reached. I still do not see anything but an eventual approval for LAMP, but as long as we wait, it is advantage luddites.

     

    I think traders see macro economic concerns and "sell in May" and are expecting approval no sooner then June. That is enough to sell down the stock some. That said, on a risk-reward basis, I would have to see a factual argument establishing LAMP denial to rate the stock anything but a "Buy" down here.
    9 May 2012, 10:51 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » Agreed.
    9 May 2012, 11:14 AM Reply Like
  • ungawah
    , contributor
    Comments (896) | Send Message
     
    I wonder how many Malaysians have bought Lynas stock since this broohaha started. There's a lot of money that will be made with this stock.
    9 May 2012, 10:39 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    It would be ironic at the minimum if the Chinese were to build a rare earths refinery in the industrial park close by to the LAMP.
    http://bit.ly/JeDJFX
    9 May 2012, 12:08 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    It would be even more ironic if the Chinese industrial park is built to "normal Chinese" standards and pollutes the holy hell out of all of Pahang. No doubt the ignorant racist Chinese-Malaysians of Kuantan would blame the western companies in Gebang.

     

    Like it or not Malaysia will benefit from LAMP. But I guess the justice is that their current stupidity will beget poverty and inflation the current wealth destroyers can't begin to understand. Oh well, to be honest.... screw 'em.
    9 May 2012, 12:41 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    There might be a some bias going on with this case.
    http://bit.ly/ICXdmy
    9 May 2012, 01:14 PM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » http://bit.ly/JWCeZZ

     

    Kind words from competitors and experts.

     

    Of course, I too have personally toured impressive new facilities before they made anything - LOL, including some where I had a hand in the design. Always in the back of your mind is the thought that you might see a lot MORE if the thing were actually doing something. As an old manufacturing guy, I can say that some of the sweetest facilities I have ever seen were those which had run for decades, with processes which had all the rough edges worn smooth, and were making product and profits hand over fist.

     

    The old homilly has it right, "Pretty is as pretty does".

     

    I am really hoping that this time, the experts are right.

     

    Prices are right for Lynas, adding now. Frankly when GWM hit .38 I added some more (programmed stink buy I had almost forgotten was there).

     

    Now we see what comes next...
    9 May 2012, 10:14 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2192) | Send Message
     
    I know what you mean about the best facilities were the ones running for decades, TB. Many manufacturing plants and publishers were going great guns in the 1980's before the disruptive technologies made things complicated for them in the 1990's and 2000's. A lot of them were making so much money that it was sinful.
    10 May 2012, 11:12 AM Reply Like
  • tripleblack
    , contributor
    Comments (13441) | Send Message
     
    Author’s reply » New Concentrator this way:

     

    http://seekingalpha.co...
    10 May 2012, 09:21 AM Reply Like
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