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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, May 31, 2012 145 comments
    May 31, 2012 10:10 AM

    Another new Concentrator, and I had REALLY thought that before I had to create it, GWM would have its NI43101 and Lynas would have its LAMP TOL...

    LOL, no such luck.

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Comments (145)
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  • robert.b.ferguson
    , contributor
    Comments (10612) | Send Message
     
    This is an interesting development. http://bit.ly/JZmzJX But wait there's more. http://bit.ly/N0Enuw
    31 May 2012, 10:23 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6255) | Send Message
     
    Nice pop today on (TRER)!
    31 May 2012, 10:33 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Yes. I have traded TRER in the past, it can be volatile, but watch out for the low volume, it is tricky. I avoid this one as a general rule because of that...

     

    GVCM is one to watch indeed, robert. Good find that one. New to me, and we will have to see how their more thorough TREO analyses work out.

     

    That first article is pretty loose with facts, though, so be wary of that source for information.
    31 May 2012, 11:12 AM Reply Like
  • jimp
    , contributor
    Comments (702) | Send Message
     
    TB, thanks for the update on Lynas. Very sad indeed.
    31 May 2012, 10:46 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Yes. WIth the share price on the pinks up slightly last I looked, anyone needing to bail before that news from Malaysia becomes more widely circulated has a small window this morning. I believe we will see it trading down back below $1 as a result, short term.

     

    Right now I am watching GWM for signs they will release their NI43101 today...
    31 May 2012, 11:14 AM Reply Like
  • abfrbe
    , contributor
    Comments (31) | Send Message
     
    Hi TB,

     

    Maybe I'm wrong but it seems to me that the "shocking news" you've linked in the previous concentrator is not realy an update on the pending decision on Lynas TOL.

     

    For me the Malaysian Science Minister has not delayed again issuing a finding on the LAMP TOL appeal.

     

    The article from the Rare Earth Investing news you've linked stating he "needs more time" is linked to an old news from the 23th of may.
    1 Jun 2012, 06:10 AM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    That is sort of what I thought abfrbe
    From reading the news stories, my understanding was that the minister of science wanted to rule on the appeal within two weeks which he stated on the 23rd of May and would give him until June 6th.
    1 Jun 2012, 06:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » He had promised to rule on the appeal by May 31. Its June 1, and no ruling. Its another delay.

     

    This one will probably encompass either the June 14 or June 19 dates set for the PSC to issue their report, however, since their report is to include input from Ongkili, I would consider those dates questionable as well.
    1 Jun 2012, 07:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » He made the "2 weeks" comment in answer to a reporter's offhand question while walking out of a building on May 22 (May 21 here). This would put the due date as next Monday, which I doubt, but we can always hope I guess...

     

    The May 31 date was the result of an official demand for support and information from the AELB by Ongkili.

     

    May 21 was mentioned as the likely time for him to render judgement by a widely referenced post on Hot Copper which was repeated here in the last Concentrator.

     

    To recap earlier information, we have also since heard that Ongkili lacks the power to deliver the TOL, just rule on the appeal, and that the PSC will be tabling its report either June 14 or 19 (I have seen both dates mentioned in various interviews), and the TOL's final fate will be decided by Parliament.

     

    Parliament is a legislative body, of course, and includes the same opposition party which has been so much trouble for Lynas. NO members of the opposition agreed to sit on the PSC, proclaiming it a "whitewash:" from the beginning. The odds that Parliament will pass the PSC findings and issue the TOL without extensive and heated debate are, imo, zero.

     

    Like all legislative bodies, the Malay Parliament tends to take lots of time off, particularly when elections are near...
    1 Jun 2012, 08:28 AM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    Thanks for the explanation TB, makes sense now.
    1 Jun 2012, 08:42 AM Reply Like
  • abfrbe
    , contributor
    Comments (31) | Send Message
     
    Thanks for the precisions
    3 Jun 2012, 10:14 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/KZGMiN

     

    GWM published quarterlies... Gross margins up over 34%, but still losing money (though about half the rate of loss it had last year in the same quarter, $.007 vs $.014).

     

    This was in line with my expectations, I had not expected them to start earning profits given the situation in South Africa...

     

    Still waiting for the NI...
    31 May 2012, 11:25 AM Reply Like
  • Retiredbum
    , contributor
    Comments (4) | Send Message
     
    tripleback...on your picks list in the previous concentrator you list MCP-A. I assume that's the preferred convertible series A currently a bit above $52? (This stock seems to have different symbols depending on the brokerage firm...)

     

    Thanks, Alan
    31 May 2012, 11:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Correct.
    31 May 2012, 12:13 PM Reply Like
  • Retiredbum
    , contributor
    Comments (4) | Send Message
     
    oop...I meant tripleblack!
    31 May 2012, 11:59 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    GWG - Halted. News Pending.
    31 May 2012, 01:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Yep, I just popped in to say the same thing. NI43101 incoming...
    31 May 2012, 01:37 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » ...Dang I hate waiting during these things...
    31 May 2012, 01:48 PM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    thinking this is not coming until after the closing bell.
    31 May 2012, 03:01 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    then why halt it? That I am confused about.
    31 May 2012, 03:09 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » This is normal for the Canadian and Australian exchanges. The idea is to block anyone who might get early ears on the news from taking advantage...

     

    When they stop trading mid-afternoon it often does mean the news will not be forthcoming until after hours (if not next week some time, but in this case I really expect after hours).

     

    I still find the waiting unpleasant...

     

    Beyond the NI report there is the matter of all the downstream things which flow from it... Release of the funding for Steen - Potential uplisting on the TSX (this would also require a reverse split assuming GWM cannot get to $2 per share any other way) - and possibly news as to who the new CEO will be.
    31 May 2012, 03:17 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Listing on TSX topic on SH, TB. Apparently GW meets the requirements already. No 2$. You thinking AMEX?

     

    I am anxious to see who the CEO is.
    31 May 2012, 03:43 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » I think I read that info about TSX on SH, and it seems right to me, but perhaps I was conflating the 2 exchanges.

     

    Zardoz on SH claims to be posting some info he pulled from the NI43101 posted on Bloomberg (I can't find it, if it exists). Until I see a real link, its not real...
    31 May 2012, 04:34 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    I see that too. And I can find nothing either. But I don't have a bloomberg terminal... he has posted a more extensive pragraph if you care to look
    31 May 2012, 05:01 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/LjoBqb

     

    PDF posted up by zardoz. Thanks.
    31 May 2012, 05:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Key Excerpt: The Mineral Resource for Steenkampkraal is summarised in Table 29 to Table 31 below and is
    estimated to be total of:
     131.5 Kilotons (KT) at 18% TREO for Steenkampskraal in situ Resource,
     9.19 KT at 8.7% TREO for the Upper tailings,
     28.56 KT at 8.37% TREO for the Lower tailings.

     

    Although historic estimates exist, the known zone of monazite (and rare earth element) mineralisation has now been quantified, and together with the tailings dams material, may now be defined as a NI 43-101 compliant current mineral resource. This, and other work undertaken to date by Great Western Minerals Group Ltd., has shown the Steenkampskraal deposit to be a fairly unique monazite body, with a strong structural control, dominated in its composition by the light rare earth elements and oxides.

     

    Exploration and evaluation work is however on-going at present in order to improve the geological model, as well as to gain a better understanding of the extent and character of the mineralised zone, as well as to try and better evaluate the nature and potential of the rock dumps.

     

    The following actions have been identified and recommended to be completed during or prior to this project progressing to the next stage:

     

     The continuation of the step out exploration drilling both along strike of the MMZ and down dip should be concluded in order to continue the identification of the extent of the monazite
    mineralisation and to aid in resource definition.
     Documentation of the distribution of the various monazite types across the known extent of mineralisation and the characterisation of the mineralogical distribution and rare earth element deportment within the variously recognized monazite types; and
     The precise survey of all known underground stoped areas, workings, pegs, and channel sample sites is completed.
     Characterisation of the rare earth element deportment within the variously recognized monazite types, and the distribution of the types across the known extent of the MMZ
     Additional underground sampling where possible to facilitate the inclusion of all mineralised areas into the geological and block models.
     Update the NI 43-101 compliant resource estimate report for the MMZ based on the additional underground sampling and exploration drilling.

     

    The effective date of this Technical Report is the 18th of May 2012.
    31 May 2012, 05:28 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » To recap, they have listed 169.25KT in the NI.

     

    131.5KT @ 18% TREO = 23.67KT TREO
    9.19KT @ 8.7% TREO = .8KT TREO
    28.56KT @ 8.37% TREO = 2.39KT TREO

     

    TOTAL net = 26.87KT TREO

     

    This exceeds the 20KT minimum required to free up funding.

     

    Of interest in the report are references to the anticipated value of a step-out drill program to determine where the current veins lead and estimate that additional resource, as well as the large tailings dams which were not examined in this study as yet. The non-compliant historical studies indicate they are 41.5KT and 43.5KT each, with surprisingly high rare earth TREO numbers estimated at 7% and 9.5% consecutively.

     

    Finally GWM can move beyond this roadblock.
    31 May 2012, 05:37 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    TB - in case you missed the IBC corporate update

     

    http://bit.ly/KgkShN
    31 May 2012, 05:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » I saw it. Overall they are showing good progress. I like the reduction in debt and the increase in sales.
    31 May 2012, 05:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    (GWMGF): Here's the PR for the NI 43-101.

     

    http://mwne.ws/M6e04n

     

    HardToLove
    1 Jun 2012, 07:10 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    CNBC Breaking News: President Obama: There Are Plenty of Steps We Can Take Now to Create Jobs

     

    Hey Obama! How 'bout you stop doing the steps that are killing jobs first! I mean you've already waited three and a half years to do these steps to create new jobs, so maybe we try a different approach?

     

    2012 Campaign slogan for either clown:
    Are you less worse off with the last four years than you will be with the next four years under (name)?
    1 Jun 2012, 01:38 PM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    Marketwatch breaking news:

     

    Obama: "Congress must protect US from Europe risk."

     

    Should read: "Romney must protect US from Obama risk."
    1 Jun 2012, 01:54 PM Reply Like
  • DRich
    , contributor
    Comments (4825) | Send Message
     
    >jakurtz ... Either way it works out the same ways. Banks win.
    1 Jun 2012, 01:57 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6255) | Send Message
     
    Is that a ploy to provide US funding to Europe?
    1 Jun 2012, 02:01 PM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    I know it is widely thought that somehow some leaders just want to help the wealthy get wealthier but I don't buy into it, because it just doesn't make sense. Perhaps, I am naive and too optimistic about human beings, but I don't believe it.

     

    I think Obama means well and that he takes action that he believes helps the less fortunate, but I have seen what spending a lot of money for the less fortunate does, it helps very few if anyone.

     

    I think Romney believes that the least of our society get lifted up the the tides as had happened with good capitalism over the past 100 years. It has its shortcomings at times and striking the proper balance is difficult, but I don't think for a second either of them want anything but to help make America prosper as a whole (I know, crazy to think something so outlandish). I just happen to believe one guys tactics are better and more effective than the other guys.

     

    No one person and no one system will ever be perfect, the balance of the two has served America pretty well and I hope it continues to do so.
    1 Jun 2012, 02:21 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Just to bait the whole subject....
    The older and richer I get the more I hate rich old people. Why? Rich young people grow the pie better. Poor old people need the State. And poor young people are still improving. But the rich old people do two main things: vote and judge. I consider that a net neutral position. I'm not ready for "Logan's Run", but the class warfare politicians should be more honest about their 1% definition if they want to legitimize their political position.

     

    My experience is many of the class warfare people are in the 1% (or close to it) and they are too greedy and stupid to know it.
    1 Jun 2012, 02:52 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » OK, back on the REE topic...

     

    GWMGF is off $.02 today, the NI43101 proved to be a non-event. It seems to have disappointed just about the same number of investors that it pleased, leaving the general nasty market downspike to influence it toward the down side. Lucky they didn't delay it again...

     

    Lynas, on the other hand, DID see another punt from Ongkili, so it is back to bouncing around the $.90's, doing its imitation of a multi-billion dollar microcap soccer ball with Malaysian hoof-prints all over it...

     

    MCP was up earlier, then down, then sideways...

     

    News from China would indicate that they overshot in their efforts to cool down inflation and misinvestment by provincial governments running up huge debts, and are now switching back to their earlier smiley-face for foreign investors, who are once again being invited in to take the risks China no longer wants to see mishandled by the local and provincial governments. Look for a relaxing of bank reserve requirements (which have grown quite high) and some moves to allow more labor flexibility in key sectors... Even so, China has dipped below the 8% growth goal for a soft landing, so now they will be backpedaling trying to avoid a "hard" landing which could be quite severe if they misjudge short term. A real estate bubble crash which would wreck the finances of most of the provinces (not to mention hundreds of millions of Chinese) is a primary danger over the next 3 months, imo...

     

    Look for calls for QE to come from, well, just about everyone except the Austrian school over the next few weeks. We will be seeing xperts and analists in the US issuing very firm predictions that there will be NO QE, on one side, and the opposite on, er, the opposite side. My personal opinion is that we will do QE, probably by extending the current "twist" program, but also with a new absorption of toxic paper from Freddie and Fannie into the Fed. Look for tweaks to the zirp and the interest paid to 2Bigs for reserves held by the Fed, followed by opening up the Fed to the Europeans for some additional liquidity "...to protect the US economy..."
    1 Jun 2012, 02:39 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/JCmDzK

     

    GWM in the news.
    2 Jun 2012, 09:09 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/JHBAp8

     

    LOL, as usual the main challenge for China's centrally controlled economy is accounting... This will add lots of power for the Cartel's handlers in the government. The mention of "...rampant smuggling..." is a key factor to note - this explains the current low ex-China market prices, and the independent attitudes in Japan (partial fill of near empty stockpiles will do that).

     

    The Cartel was very clumsy in its efforts over the last year to buy up loose rare earth metal hoards hidden in the domestic/Hong Kong go-downs, and left some loopholes in the system which these new regulations seek to close. I would not expect them to repeat these noobie mistakes - after all, this IS their first REE/Strat. Cartel.
    2 Jun 2012, 09:14 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    For GW holders:
    What did you learn from the NI 43-101?
    Yes, I understand that the instrument is from a neutral third party. I further understand that the instrument is key to the convertible bond financing. But, my main critique is this seems like further estimations without much additional data. I realize GW continues to drill and that is a common situation in these cases. But after my review of the report I am surprised I don't know more about the raw data from the Phase 1 and 2 drilling. What additional raw data (not estimations) did we get beyond the first drill reports?
    3 Jun 2012, 03:02 PM Reply Like
  • jimp
    , contributor
    Comments (702) | Send Message
     
    Chi,
    Any thoughts on when the LAMP will get approval?
    3 Jun 2012, 03:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » The purpose of the GWM NI 43-101 was stated all along to be to verify the historical work - and get a third party NI. Everyone should note that funding was conditional on a 20kt number essentially cadged from the historical analysis. Mission accomplished. Also funding is secured.

     

    Now a stepout program to look at the possibility of identifying any potential additional ore will startup.

     

    Anyone who anticipated more than this was not paying attention to what was being published.

     

    True, the more exuberant fans were predicting a big jump in the numbers, but once the initial results were released that misconception should have been brought to heel (it wasn't, but that's the nature of over-exuberant fans).

     

    Now the focus should shift to whether or not they can build out the Steen infrastructure, on budget and on time. I have gone on record as doubting both the budget (I think they will run over the budget and need more money) and the timeline (I don't believe they will meet the current schedule, not least of which because of the long delays in securing the NI, the joint venture agreement, and the resulting funding).
    3 Jun 2012, 07:05 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    If I sold I'd say right away. However, I have not sold and add in the $0.90's so it may be a while.
    3 Jun 2012, 07:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » On the subject of the stepout drilling and further sampling, I would hope that they will be able to add to the known picture as it stands, and bump up the numbers, but that is just my hope and opinion, based upon nothing specific or solid.
    3 Jun 2012, 07:29 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I cannot agree TB,
    GW has promised resource expansion for a long time. What data suggests expansion?
    I still do not see a solid drill target either. The way I read this the channel samples create the high grade resulting in the necessary numbers. Previously, I mentioned I see channel samples as a scientific equivalent to a surface sample when we consider the short intercepts of the channel wall samples. It seems to me the use of these channel drills is fine under the NI estimations. But the point is: Where is the resource? It seems to me additional drilling is needed to establish feasibility. So while the funding requirement is satisfied, I see this as minimal progress.
    I guess for me the proof will be in development from here. If the Chinese GQD follows through and the project moves along I would doubt less. But if things meander along until we get more drill results I would worry.
    But on a broader scope all of this REE development is starting to feel like an embarrassment. Lynas builds but can't stop a Malaysian government from moving backward; GW can't give the raw data (even in the NI); Moly is an endless set of smoke and mirrors like a fun house without any fun; And the rest are far away and getting more expensive by the day.
    Overall, the long term opportunity remains. But if any of these juniors impress you right now, you're ignoring a lot. Each seems cheap, but without performance they could stay this way for a while.
    3 Jun 2012, 09:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » The two promises are not mutually exclusive. The goal to verify the historical estimate and update it to NI status would logically come first (and became a must when it was linked to the funding deal).

     

    I have been critical of GWM in the past when they slipped back into junior explorer-think. This is one reason JE needs to go (the time for a wildcatting explorer to run what is to become an industrial corporation is past). I have seen them lose focus and persist in chasing down projects for the next decade when they needed to focus on their vertical intergration.

     

    Now they have satisfied the top priorities, which included the current NI, but I would have been complaining again had they also slowed down this NI (and their funding) in order to ramp up some more junior explorer projects looking out past goals (like building out their production facilities) which they had not yet accomplished. To me this includes waiting for stepout drilling at Steen.

     

    Still, it's obvious they will now take the next step with drilling and exploring areas of Steen never before examined, probably over the next year, but HOPEFULLY without endangering the far more important task of building their seperation and extraction facilities.

     

    Frankly I expect that about the time they come up with that next set of drill sample results they will be running out of money again, and money spent meeting millions of dollars worth of drill programs and scattered project demands focused on 2020 may have me irritated with them again...

     

    But maybe they will shock me and hit their construction deadlines and budgets.

     

    For now there is every chance that GWM's projections that additional goodies will be found at Steen and their other deposits may yet happen. Of the two promises made, one is fulfilled and the other pending more digging in the dirt. This would be my preferred outcome right now.
    3 Jun 2012, 09:24 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Sounds like Lynas has soured you on the whole sector, Chi. That and the sector rotation (it has absolutely devastated the altenergy sector, too, which is of course frequently linked to rare earths).

     

    I suspect things will get better once Lynas eventually wades through the Malaysian marshmellows and cranks up LAMP...

     

    As for the overall situation, I see trades short to middle term that can generate profits and allow me to hide away free/near free shares, but nobody can be happy with the effect of the sector rotation and macro-malaise on the 3 larger companies.

     

    I agree that with all 3 it now boils down to execution. Time for the construction cycle to start turning into a production cycle, and to see a halt to hopium.
    3 Jun 2012, 09:31 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Well, I wouldn't say I am sour on Lynas. My position is actually growing. But I do feel the REE sector has been victimized by the increase in government action within the markets. The funding in some cases may benefit stocks, but the regulation is clearly strangling everyone at this point.
    I generally agree with your sector thoughts but would say several juniors are not coming back IMO. It seems the losers are losing without the winners even emerging yet. I guess that is in part due to the macro backdrop. But my long term view of the sector is still positive. That is notwithstanding my critique of the disappointing progress in general.
    3 Jun 2012, 10:17 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    I guess my point is the NI failed to establish the historicals in my mind. I am not comfortable with the amount of data in the NI and several of the assumptions. We'll see in the next few days/weeks if the market agrees. But the NI seems to satisfy the legal requirements of an NI but does very little else. And to be honest with you, the use of the channel drills (which I found too small on intercepts and too close to the surface) feels like a "loophole" approach to establishing the resource.

     

    As I said, a good NI should give some drill targets. Maybe I'm missing them and respectfully defer to those that can point them out. But IMO to say an NI is a success even if it does not establish drill targets is total nonsense. I just can't in clear conscience give that pass to any junior. I think the stage is regarded as more advanced than that for a reason. Maybe it's the lawyer in me: But when the scientific data is not keeping up with the fine print I question.
    3 Jun 2012, 10:32 PM Reply Like
  • toly
    , contributor
    Comments (191) | Send Message
     
    Agreed 100% Chi, it takes great patience to be an investor these days, but I have held my position in Lynas and still have great hopes for the RE industry as a whole.

     

    One good thing is that as you allude to, the competition is stopped in it's tracks and anyone considering a RE investment (BHP, Vale, RIO) are probably sitting on their hands waiting for more clarity.

     

    It's the ROW economies that are driving all of the markets and in particular the Euro zone issue is still destroying wealth at a rate far greater than the problem itself. If we created a global fund with the idea of throwing Greece and Spain out of the Euro and paid their debt with that fund, things would be back to normal by now with far less deterioration of international wealth. Ah yes, make me the emperor of the world :)

     

    In any event, things are just not as bad as most folks are making them out to be, and the pendulum will once again swing the other way. It just takes a little time.
    3 Jun 2012, 10:50 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » OK, back to actual REE/Strat news...

     

    http://bit.ly/NbSUDC

     

    I agree with the author on this take. Rather than seeking to setup a structure for price discovery with their new Cartel, China is seeking the opposite, ie, to establish a method of price control. Obvious as this may seem (ie, its why I have been talking about Cartels for the past few years), Cartels usually do not function aboveboard.
    4 Jun 2012, 08:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/Lget3F

     

    The conclusion of this author is that the new Chinese regulatory scheme will make the WTO dispute over rare earths even worse...

     

    Seems obvious that this move is either intended to do just that, or just another example of "in your face" arrogance from the rare earth monopoly owner.

     

    Extending the logic just a tad, it would also appear that the prospect of large competitors starting up (like Lynas and their LAMP, for instance) is not particularly worrisome for China's leaders.
    4 Jun 2012, 08:29 AM Reply Like
  • LT
    , contributor
    Comments (5664) | Send Message
     
    I think the chinese did it to "do just that & arrogance" or in other words both. Since they have a monopoly they can get away with it.

     

    There has been much discussion of late on the juniors, the above move by the Chinese is why I think the USA gov't sees that MCP survives...I am not saying what price the stock will see or even a restructuring of debt could occur.
    4 Jun 2012, 09:24 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/JGnSxT

     

    I have been watching for this development. This narrows the focus on the real bottleneck in the ex-China rare earth supply chain - the lack of facilities to separate and extract rare earth oxides and to turn them into high purity metals and alloys.

     

    As Canadian rare earth projects come on stream over the next 10 years, this could be an important facility.

     

    Put this one on the radar screen, this is yet very early of course...
    4 Jun 2012, 08:36 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/LgcN6n

     

    China adding some more taxes to rare earths...
    4 Jun 2012, 08:42 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Lynas in the news:

     

    http://bit.ly/JGoYtt
    4 Jun 2012, 08:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Another link to the Lynas interview:

     

    http://bit.ly/M4HGeD
    4 Jun 2012, 08:46 AM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    I emailed Gary B. from Great Western about an hour ago regarding the underground ore that didn't seem to appear in the NI and I got this repsonse, which answers my question but is also encouraging for the future of Steens and makes sense re; the report and its intended goals:

     

    "Hello Matthew,
    In the 43-101, none of the historic data was used. Only the new drilling, sampling and assaying was considered. In the interests of time, we did not sample the broken material underground nor do detailed sampling of the broken surface rock. Therefore this material could not be included as part of a compliant resource. This material is very much still there and we will be using it as mill feed at some point. It could be included in a future compliant update if we decide to spend the time and money to resample, but for now we are OK with the historic data-especially since the new in situ results have verified historical in situ data as well as the tails.

     

    Regards,
    Gary Billingsley"

     

    Best,
    Matt
    4 Jun 2012, 10:42 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    (HREEF): Stans Energy Invited to Participate in Trade Mission to Russia

     

    "... participate in a trade mission to Russia with over 30 companies chosen by the Canadian Trade Commissioner Service (TCS) from the aerospace, building products and construction, and mining sectors. The trade mission takes place from June 4 to June 8, 2012".

     

    I wonder if this will be cause for another PR pop?

     

    http://bit.ly/KK5uIQ

     

    HardToLove
    4 Jun 2012, 10:54 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Good guess, HTL. I will look them over. Frankly, including Stans in a trade mission to Russia is almost too obvious.
    4 Jun 2012, 10:58 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    That's what I was thinking too. I would suspect that a lot of PR would follow as *potential* this, that and the other "opportunities" presented themselves.

     

    HardToLove
    4 Jun 2012, 11:43 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Sorry HTL, meant to add that I bought a trading bloc of Stans.

     

    Up solid today, but I am being greedy, waiting to see what happens tomorrow.

     

    What is it that Chi calls this one, the sheepshead stew trade?

     

    I'm planning to get out at $.74.
    6 Jun 2012, 07:18 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    I'd like to take an exit around there too. I've still got that bunch I thought might go to $1.80 - HAH! Lesson learned.

     

    HardToLove
    6 Jun 2012, 08:04 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    IAALF and HREE are the "Boiled Sheep's Head Stocks". They are named for the ties to the Stan's Republics where the meat is most prized. They are difficult stocks to trade for laymen, but with the skill of the Boiled Sheep's Head Master Trader (ie, TB to us) fortunes can be made with these two. I tend to try for other sheep (namely the ASX and NZX stocks).
    6 Jun 2012, 10:16 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » IAALF has no tie to that region that I know of. Its very much an American play, though it is headquartered in Canada. It owns deposits of berrylium in Utah and Colorado, and has its main copper alloy production facilities in Indiana, Pennsylvania and Missouri. It recently completed a high tech facility to address the market for more exotic alloys and parts at Wilmington, Massachussets. It has a very innovative technology base, particularly in the nuclear fuel area. I consider it a long term hold, with a 2 to 3 year horizon minimum, and my trading has been used to build up a low to zero cost core holding. Their website: http://bit.ly/zQuWXi

     

    Unlike HREEF, which I treat purely as an income producing trade.
    7 Jun 2012, 09:56 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    The IBC connection to the area appears historical now.

     

    In Nov 2009: Under the terms of a letter of intent, the IBC and Kazatomprom have agreed to negotiate a binding three-year
    agreement for Kazatomprom´s Ulba Metallurgical Plant to supply beryllium and beryllium alloys to IBC at fixed prices.
    Kazatomprom and IBC have also agreed to assess the feasibility of a Kazakhstan-based high volume beryllium
    oxide production facility to support IBC´s nuclear fuels initiative.
    "Kazatomprom and IBC are firmly committed to the future of the beryllium business, both in terms of the existing
    market as well as new growth opportunities," said Anthony Dutton, IBC´s president and CEO.
    IBC shares gained 2.5 cents to 17 cents Monday on the TSX Venture Exchange. (IBC-Kazakhstan)
    http://bit.ly/LAMPwn
    7 Jun 2012, 12:23 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Took profits on HREEF...

     

    Also UAMY.
    12 Jun 2012, 09:32 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6255) | Send Message
     
    What’s with that sale of 14k shares at .90 when the last buy was at .9682? It looks like that has locked up trading in LYSDY.
    4 Jun 2012, 01:31 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Low volume, and no sellers at the $.90 offer otherwise. Smell a MM rat...

     

    If anyone snags any of those shares at $.90, I will be surprised.
    4 Jun 2012, 03:08 PM Reply Like
  • aqwert
    , contributor
    Comments (934) | Send Message
     
    Lifted off the SH board. Byron's update post 43-101 for GW.....

     

    zardoz41

     

    6/4/2012 3:35:41 PM | | 286 reads | Post #31135759

     

    From Byron:

     

    A Positive 43-101, Financials Hang In

     

    ? Finally, a 43-101: While it has been almost a given within the rare earths industry that the Steenkampskraal monazite mine contained at least as much material as was often quoted from historical analysis, it is nice to finally see a 43-101 compliant document that confirms this.

     

    ? Funds Released: As a result of the publication of the 43-101, Great Western Minerals Group Ltd. (GWG) management has now requested that the funds raised recently through a convertible bond vehicle be released to them. The release would be net of $10.8 million, which will remain in escrow to satisfy interest payments.

     

    ? Financials Remain Solid: GWG also released Q1 financial results very late in the day on May 30. Revenue totaled $4.5 million, just ahead of Q1/11 revenue of $4.3 million. Gross margins rose by 38% to $1.8 million from $1.3 million a year ago. Losses decreased to $3.1 million, or
    .007/sh, from levels of $4.9 million, or
    .014/sh a year ago. Given the decrease in raw rare earth prices over this period and the subsequent reduction in Chinese metal prices, the increase in gross margin is easy to understand.

     

    Less Common Metals (LCM) remains a profitable division within Great Western Minerals Group. However, with the pending release of capital from escrow and the upcoming period of heavy construction to bring Steenkampskraal and the associated processing plants at Vredendal into operation, one should expect spending at GWG to spike through the balance of this year and into early 2013.

     

    ? What the 43-101 Tells Us: Consolidating results from the 43-101, TREO at Steenkampskraal now totals some 23,649 tonnes, excluding yttrium, from both the indicated and inferred categories. The average in situ TREO grade is 18.0%. The 22.3% TREO grade within the indicated category is some 1.34x better than the historically quoted 16.7%, which was expected given that historical results tended to underestimate the levels of the heavier rare earths. Of the REOs themselves, the new 43-101 shows an elemental distribution within the deposit as follows:

     

    Exhibit 1 – Steenkampskraal Grades

     

    Oxide

     

    43-101

     

    Historical

     

    La

     

    21.96%

     

    21.67%

     

    Ce

     

    47.20%

     

    46.67%

     

    Pr

     

    5.35%

     

    5.00%

     

    Nd

     

    18.56%

     

    16.67%

     

    Sm

     

    2.92%

     

    2.50%

     

    Eu

     

    0.06%

     

    0.08%

     

    Gd

     

    1.97%

     

    n/a

     

    Tb

     

    0.24%

     

    0.08%

     

    Dy

     

    1.02%

     

    0.67%

     

    These results are superior to the historically quoted levels. For example, the 43-101 results indicate that Nd content is some 11% higher than the historical level, and Dy levels are 52% better than the historical levels. Both of these are welcome results, as we believe that the value of Nd2O3 and Dy2O3, as processed into magnets is far greater than the value of many other rare earths that will not be upgraded into engineered products.

     

    We have run a DCF with the new in situ grades and elemental distributions in place. Using the assumption of mid-2013 production, and a ramp toward an eventual effective 20,000 tonne per year output (to meet the output required by more than one potentially interested off-take partner) our NAV increases. With an 8% discount rate, NAV is now $3.69/sh. Even if we increase our discount rate to 12% and 16%, respectively, the NAV would be $2.84/sh and $2.23/sh, respectively. There is a great deal of earning power in the downstream processing of rare earths into engineered materials such as magnet alloys.

     

    It is important, we believe, to recognize that LCM, the GWG subsidiary responsible for processing rare earths into finished magnet alloys, is already processing Chinese material into highly desired final product, qualified for use by a number of select international clients. The risk of LCM not being able to continue doing so is minimal. This is important because it would appear to us that the market is using an effective 63% discount rate on GWG at present! This is the discount rate required in our DCF that results in a
    .39 present value. Even if GWG were to find itself with no ability to separate and purify rare earths, a risk that we believe is extremely low at this point, there are alternative business models that would result in very appreciable fractions of value being accrued by GWG (such as shipping hydrometallurgical concentrates to China to be processed by a partner, on a tolling basis, and shipped to LCM as metals). The market is overemphasizing risk in the rare earth sector, as it generally does in any unfamiliar space.

     

    ? Conclusions: While we could significantly raise our target price on GWG, our present target is already well above the trading range at $2.60. We will maintain our target, and reiterate our STRONG BUY rating. While the financial markets may no longer be as enamored with rare earth stocks as they were last year, it is clear to us that the end-users and multinationals that desire access to rare earths are just as concerned with securing supply at a reasonable price as they have ever been. GWG, along with fellow downstream rare earths processor Molycorp, now appears to be one of the very few companies that interested end-users can use to provide them with an engineered product as a solution, at least over the next two years. That makes GWG of interest to those end-users, and it keeps GWG interesting to us.

     

    Source: Byron Capital Markets, Company Reports
    5 Jun 2012, 11:38 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    GWMGF: "Great Western Minerals Group Announces Management Appointment"

     

    "... Dave Murphy as Vice-President, International Marketing and Sales".

     

    "... forty years of experience to the position, having entered the rare earth industry with Johnson Matthey's monazite processing facility in the United Kingdom as a process chemist where he was instrumental in the development of metal and alloy production activities as the applications of rare earths expanded. Mr. Murphy progressed through Johnson Matthey from product management to the position of General Manager.

     

    After joining GWMG's wholly owned subsidiary Less Common Metals in 2000 as Technical Director he was more recently promoted to the position of Commercial Director where he has had responsibility for sales, marketing and customer support for LCM. Within that position, he interacts, day in and day out, with companies that operate upstream and downstream across the full spectrum of the global rare earth industry.

     

    Mr. Murphy holds a Bachelor of Science degree in Chemistry from Nottingham University as well as a Diploma in Management Studies. He is a Member of the Institute of Materials, Minerals and Mining".

     

    http://mwne.ws/Lm73vX

     

    HardToLove
    5 Jun 2012, 12:27 PM Reply Like
  • dallasmatt
    , contributor
    Comments (174) | Send Message
     
    IMO this is paving the way for Vernon Kiss to be named CEO imminently. JMHO.
    5 Jun 2012, 01:46 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » OK, still another update on the "Ongkili Watch" front...

     

    And yes, the Malay groundhog DID spot his own shadow and bolted back down his hole, once again without mentioning the LAMP appeal!

     

    Does this mean we have 2 MORE weeks of winter, er, DELAY?

     

    Personally I believe so. He will forward his decision to the PSC about 5 minutes before that group decides to table their own Report (presumably still June 14, but who really knows?). This will be followed by the full Parliament taking up the debate June 19 (or at least, that is one take I was able to find in fractured English on a Malay news site).

     

    How long will the Parliament kick the LAMP TOL football around?

     

    That's the question, isn't it.

     

    Today we saw a pleasant pop, I believe in anticipation of Ongkilihog not seeing his shadow and squashing the TOL appeal... Which of course did not happen, so it will be interesting to see what happens on the ASX as a consequence tonight.

     

    I'm not guessin'....
    5 Jun 2012, 04:35 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Now we don't have to guess...

     

    Big up day in Asia, euphoria broke out...

     

    But oops, Lynas was down a penny on the ASX.

     

    Malaysian jinx strikes again.
    6 Jun 2012, 09:20 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/NFWC6n

     

    I agree with Dahlman/Rose about the prospects for UEC (and the U sector in general), but I wonder how long the current irrational exuberance for green alternatives can last?

     

    France (a nuclear stalwart and one of the most heavily-dependent nations on earth when it comes to nuclear power) just elected a new left government liable to start chasing the altenergy rabbit, and the prospects for the same thing to happen even more powerfully in Germany are very high (they hold new elections next year).

     

    Japan is still stumbling around in the (literal) dark trying to figure out how to operate without nuclear power (it will fail, but the attempt is an example of just how the nucler power industry is viewed nowadays)...

     

    So, how long will the nonsense persist?

     

    Another year? Maybe, and perhaps even likely. Economic conditions during a likely major double dip recession are not usually conducive to boosting expensive infrastructure probjects lacking in political correctness...

     

    So I like their ideas and agree with the logic, but I think the offset for the wackiness to wash out of the system might take a long time.
    5 Jun 2012, 06:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/MEWB5N

     

    GASP!

     

    Now China has noticed that half the shipments they made last year (that they admit to) were SMUGGLED!

     

    No duh.

     

    But at least this official recognition will perhaps settle some of the "rare earths are not rare" idiot luddites who have been jumping up and down and proclaiming "see, its all a sham, there are plenty of rare earths".

     

    Or maybe not. Its just so darn CONVENIENT to stick to the bumper sticker when it comes to complex reality.

     

    Now we have to shift gears to the current situation, where the Cartel has broad new powers and has gulped down the majority of what used to be the private rare earth industry. Could this possibly mean that the brief flurry of plenty engendered by the death thores of hundreds of little rare earth companies will not be repeated every year from now until eternity?

     

    LOL, no duh again.
    6 Jun 2012, 09:16 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » News for IBC:

     

    IBC Advanced Alloys Signs Nuclear Fuel R&D Agreement

     

    Nuclear Fuel Research Advances BeO Enhanced Fuel Technology

     

    VANCOUVER, BC, June 6, 2012. IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) ("IBC" or the "Company") has entered into a sponsored research agreement with the Massachusetts Institute of Technology ("MIT") to predict and analyze the performance of the IBC sponsored beryllium oxide ("BeO") nuclear fuel technology and how it performs with the addition of silicon carbide cladding.

     

    Under the terms of the agreement, the BeO enhanced fuel will be evaluated and analyzed with particular attention to the critical parameters of pellet clad interaction, peak and average fuel temperatures, fission gas release and fuel rod internal pressure. It is hoped this research will further demonstrate the commercial viability of a new combined fuel technology which has the potential to deliver significant fuel performance improvements and operational safety benefits to the nuclear industry.

     

    "IBC Advanced Alloys is pleased to be advancing research in nuclear fuel performance by improving both the chemical composition of nuclear fuel, and now the external cladding," said Anthony Dutton, President and CEO of IBC. "We believe MIT has the resources and experience essential to establishing BeO enhanced fuel as a viable technology capable of improving fuel performance, reliability and safety in nuclear reactors."

     

    The IBC sponsored research will be led by Dr. Mujid Kazimi, the MIT Tokyo Electric Power Company ("TEPCO") Professor in Nuclear Engineering. Dr. Kazimi is also an MIT Professor of Mechanical Engineering and the Director of the Center for Advanced Nuclear Energy Systems ("CANES"). Dr. Kazimi is an expert on fuel performance, safety and power density with a substantial body of peer reviewed publications as well as numerous academic awards and nuclear industry honors. In addition to his MIT responsibilities, Dr. Kazimi is also a member of the Nuclear Energy Advisory Committee at the US Department of Energy.

     

    Jim Malone, IBC's Vice President of Nuclear Fuel, agreed that, "IBC's sponsored R&D with MIT will boost our nuclear fuel program and allows our partners at Texas A&M University, Purdue and Global Nuclear Fuels (GNF) to further understand, evaluate and integrate the advantages of BeO enhanced fuel in combination with the cladding technology as a safe alternative in existing and future nuclear power reactors."

     

    IBC also sponsors research with Purdue University ("Purdue") and Texas Engineering Experiment Station ("TEES"), operated by Texas A&M University, to advance its BeO nuclear fuels R&D. IBC's nuclear fuel program is focused on developing a high thermal conductivity BeO nuclear fuel for both current and future nuclear power reactors that is more efficient and safer than existing nuclear fuels. The project's objective is to commercialize the intellectual property and to position IBC as an essential part of the nuclear industry's supply chain.

     

    6 Jun 2012, 09:24 AM Reply Like
  • magounsq
    , contributor
    Comments (994) | Send Message
     
    This is why I'm a lurker/learner still...REE similar to energy space...IMO most investors have a lot to learn and much to digest!

     

    Exhausting the Earth's Resources? Not So Fast
    Some Fearing Minerals Shortfall Look to Asteroids, but Miners See Planet as Almost Bottomless Pit

     

    http://on.wsj.com/LBxFHw

     

    Next Frontier: Mining the Ocean Floor

     

    http://on.wsj.com/LBxFHx
    6 Jun 2012, 05:45 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Some things to remember:

     

    Rare Earth Elements are going to be even harder to find in outer space because it is the planet building process (still ongoing to some extent in our active Mother Earth) which creates random concentrations of commercially viable rare earths. Asteroids are pre-planetary.

     

    The ocean floor is indeed a potential source for minerals, just as it is for oil (for instance). It will also tend to be just as difficult to reach and expensive to acquire as deep water oil is, and need at least the 40 or 50 years of research and development no at work with the deep ocean drilling oil industry.
    6 Jun 2012, 06:02 PM Reply Like
  • magounsq
    , contributor
    Comments (994) | Send Message
     
    Thanks tripleblack

     

    Planning on continuing my learning/understanding "on mother earth" via your blogs and links.
    7 Jun 2012, 10:36 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Welcome, megounsq. Do not hesitate to ask questions if something puzzles. You can review the entire list of older REE/Strat. Concentrators by looking at Instablogs on my profile page.
    7 Jun 2012, 10:42 AM Reply Like
  • doubleguns
    , contributor
    Comments (8705) | Send Message
     
    One of the biggest REE deposits in the United States is on the North Carolina coast.

     

    I did not know this. But they say it will not be developed.

     

    http://bit.ly/KWs8NV
    7 Jun 2012, 08:12 AM Reply Like
  • doubleguns
    , contributor
    Comments (8705) | Send Message
     
    Dont know if anyone mentioned this before. China to impose VAT tax on REE's. Prices up?

     

    http://bit.ly/LwTXrz
    7 Jun 2012, 08:20 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » That would be the logical conclusion, wouldn't it DG?

     

    I believe we have seen this coming for a while, but that prticular article is confirmation.
    7 Jun 2012, 01:07 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    "Great Western Minerals Group Reports Additional High Grade Steenkampskraal Rare Earth Assay Results"

     

    "All assays included in this media release, with the exception of the Rock Dump assay results, were included in GWMG's National Instrument 43-101 Resource Estimate and Technical Report (See: GWMG media release May 31, 2012)".

     

    http://mwne.ws/Lx95VW

     

    HardToLove
    7 Jun 2012, 09:21 AM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    Buried in the link is the same old GW problem- The intercepts are all very small and suggest no drill targets. The release without the intercepts (except in the tables of the link is tacky at best IMO). Honestly, I deeply resent the nature of these guys. I am proud of the fact that I have called them out on it for a while.

     

    http://bit.ly/LvGa8W

     

    BHID Composited
    Sample Length
    STK-C001 1.81
    STK-C002 1.69
    STK-C003 0.66
    STK-C004 0.98
    STK-C006 1.22
    STK-C007 0.41
    STK-C008 0.83
    STK-C009 0.68
    STK-C010 1.55
    STK-C011 0.87
    STK-C012 1.31
    STK-C013 1.27
    STK-C014 0.55
    STK-C015 1.86
    STK-C016 1.19
    STK-C017 1.80
    STK-C018 0.54
    STK-C019 0.45
    STK-C020 0.36
    STK-C022 0.57
    STK-C023 0.81
    STK-C024 1.09
    STK-C026 0.93
    STK-C027 1.03
    STK-C028 1.04
    STK-C029 1.45
    STK-C030 0.56
    STK-C031 0.73
    STK-C032 0.89
    STK-C033 0.84
    STK-C034 1.23
    STK-C035 3.08
    STK-C036 0.45
    STK-C037 0.91
    STK-C038 0.81

     

    BHID Composited
    Sample Length
    STKEXP001 1.35
    STKEXP002 4.15
    STK100A 2.51
    STK101 0.50
    STK102 0.53
    STK103A 0.65
    STK104A 1.21
    STK105 0.67
    STK106 0.50
    STK108A 1.12
    STK109 0.51
    STK112B 0.62
    STK113 0.61
    STK114A 0.50
    STK114B 0.50
    STK115A 1.21
    STK116 5.87
    STK118 0.50
    STK119 1.00
    STK132 0.50
    7 Jun 2012, 12:33 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/Ly337y

     

    More detail for those doing more digging.
    7 Jun 2012, 01:02 PM Reply Like
  • chihawk
    , contributor
    Comments (2099) | Send Message
     
    OK TB,
    So looking at all of that information, how do we conclude the NI establishes the resource?

     

    More and more this is "channel samples" as the foundation for GW's claims. An NI is only as good as the information it uses. Here, the information just plain sucks. They have used accepted estimation tactics (not well suited for the situation IMO), but they are also proving to me that Steen is weak, if feasible at all.

     

    Who cares about the HREE% or even the TREO% if nearly everything is a foot or two into the wall where Monazite can be visually seen and/or surface tested? Heck, all this stuff says to me is the untested walls must be almost scrapped clean.

     

    These guys are insulting investor intelligence and the stock is capped in the $0.30's because of it.
    7 Jun 2012, 01:34 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » CHi, we've already chased that squirrel around the tree several time, including when they originally posted the initial results. I'm just too tired to wade through it again.

     

    Lynas, unfortunately, crashed last night, Friday, on the ASX. Down another 5%, while the All Ordinaries were down a bit over 1%. Shorts are back...

     

    MCP may have a pretty good day, if my gauge of their charts means anything (and given all the manipulation in the sector, it probably won't).

     

    Generally, waiting and delay continues...
    8 Jun 2012, 07:08 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/KnSrdr

     

    MCP will be contemplating its NEO navel for a while to digest this one... What are the odds it will lose the handle on Phoenix while it tries to get one on Neo?
    8 Jun 2012, 07:20 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    We'll see if their mysterious heavy rare earth discovery gets developed, too.
    http://nyti.ms/JS8PRS
    8 Jun 2012, 12:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://mwne.ws/K4ZIC9

     

    Short one. GWM has the money. Now we see what they buy with it. Start the clock ticking, there has been ample time for them to prepare their plans for construction. This should be a shovel-ready project. Time for dirt to start flying...
    8 Jun 2012, 09:49 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://reut.rs/NVmISW

     

    Some background for Australia's mining industry.

     

    Looks like the Chinese gravy train is pulling out of the station.

     

    Entire herds of oxen are getting gored...

     

    Boomtown labor rates in the mining industry are about to get nipped...

     

    Zero sum politicians are about to discover why counting your mining tax chickens before they hatch does not equal increased revenues for you to spend buying votes and feeding ideological addictions elsewhere...

     

    Developers are canceling large projects, and putting others on a slow boat to the 22nd century... Afer all, they can invest that same dollar elsewhere and actually make a profit...

     

    Sure, many of these things do not directly impact our favorite REE/Strat. companies, but some do, and this is a cautionary note which should be included in one's plans.
    8 Jun 2012, 10:21 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    At least the Port of Esperance expansion project is still on so far. That port could be a possible alternative to the Fremantle Port for Lynas once the expansion is completed.
    http://bit.ly/LDgfYL
    http://bit.ly/NmM8v0
    The Oakajee Port project has been put on hold, however.
    http://bit.ly/LDgfbl
    8 Jun 2012, 12:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » It takes a while for zero-sum politicos to figure out that the number popping up on the bottom of their revenue side is different from the one they expected... They are always well behind the curve.
    8 Jun 2012, 04:31 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » PS: The prior notes will apply to ALL the commodity supplying countries, to greater or lesser extents. The boom is over, and even should China stabilize and pull out of their overbuilding drunkard's walk, the boom is busted. Now we see what sort of sustainable economy the world will end up with after the West implodes and China, er, "digests" for a while.
    8 Jun 2012, 10:24 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    The Mountain Pass Lateral gas transmission line is scheduled to be completed to Molycorp's rare earth mine this month. That is definitely a plus.
    http://bit.ly/tgMbzx
    8 Jun 2012, 02:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » I have been including it as a "done deal" for some time, but yes, it will help the bottom line a little, and is one more item to tick off that was "still hanging". Retaining their LNG setup is a good idea for a backup, just in case, of course...
    8 Jun 2012, 04:33 PM Reply Like
  • doubleguns
    , contributor
    Comments (8705) | Send Message
     
    Kern River, I have been fly fishing there. Oops, off track sorry.

     

    TB what is the LNG setup. Does moly have the ability to produce LNG and ship it out this line?
    9 Jun 2012, 07:42 AM Reply Like
  • toly
    , contributor
    Comments (191) | Send Message
     
    DG, It is a ~ 8-mile natural gas pipeline lateral across the Mojave Desert to the mine. The lateral will be used to supply natural gas to twin-15 Mega Watt Cogeneration turbines. These turbines will produce the majority of the power needed at the facility.

     

    Cogeneration is the process of using the Nat Gas to create the heat for steam to run the turbines, but the neat thing is that the excess heat is typically used in some other stage in the process... I'm not familiar enough with this process to know if this is the case but I would be surprised if they didn't use the heat in a second stage...
    9 Jun 2012, 07:14 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » I have been operating under the same assumption, toly, but I admit that the scattered layout might work against some efficiency in that regard.

     

    MCP has been using LNG as a stopgap until the pipeline could be installed, DG.
    10 Jun 2012, 08:06 AM Reply Like
  • LT
    , contributor
    Comments (5664) | Send Message
     
    China won't control REE's much longer:

     

    http://bit.ly/MzrTEN
    12 Jun 2012, 04:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » QRM is in the 2nd tier, just below GWMGF, MCP and LYSCF in ranking, imo. Cashin and his team are solid, and I believe do a good job trying to keep their plans on track, but like all the other 2nd tier players, they are in a tail chase with the leaders. This is why they focus on the heavier elements, for neither Lynas nor Molycorp really have a plan for short term production beyond 3 or 4 of the "lighter" elements. This window is still open, even should GWMGF achieve its goal of the first to market for the heavies, because Great Western is building a modest sized infrastructure, though with an opportunity to grow further down the pike.

     

    As for China's control of REE's, its still uncertain how all these plans will work out, or at what point the market for the heavies (or more to the point, those elements which become "critical" for whatever reason) will come to split off from the common perception of "rare earths" as a cohesive topic, rather than the complex, multipart story which requires such extensive due diligence to comprehend.

     

    When talking about the rare earth sector, its possible to focus overmuch on China's current role as monopoly supplier, and lose sight of their push to also be the monopoly manufacturer of end products utilizing rare earths. Already they control somewhere north of 60% of that role...

     

    So the true battle, which is raging somewhat in the shadows as we speak, is over the value-added end product manufacturing... And it is why I see China smoothly switching from near-monopoly supplier to near-monopoly consumer in the coming years, particularly for the high tech end of the industrial spectrum.

     

    China has been planning and operating decades ahead of their clueless Western competition, and it is apparent they intend to maintain their commanding lead.
    12 Jun 2012, 08:48 AM Reply Like
  • LT
    , contributor
    Comments (5664) | Send Message
     
    The end product scenario is what China is ultimately after. Therefore the limited exports...Just like Apple has done with the iPhone...smaller mkt. share, 80% of all profits.
    12 Jun 2012, 08:52 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    (HREEF): "Stans Energy to Commence Operational Testing at Kashka Rare Earth Processing Plant"

     

    "... Plant #3 of the company’s Kashka REE Plant (KRP) will be ready for operational testing by mid-July 2012, and by August 30, 2012, the KRP is expected to be ready to produce its first product – Heavy Rare Earth Oxides of Dysprosium, Gadolinium, and Erbium to 99.99% purity".

     

    http://bit.ly/KychTr

     

    HardToLove
    12 Jun 2012, 09:40 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/MH1Hw7

     

    Looks like Lynas will now be held hostage to the fears and ignorance of the most fearful and ignorant of the ruling BNP party's political opponents in Malaysia... LOL, it just keeps getting better.

     

    Anyway, Lynas traded up slightly last night on the ASX, while we wade through the current delay (its either the third week of Ongkili's promised ruling in 2 weeks on the TOL appeal, or its the week before the PSC ends its work on June 18, so that the full parliament can start kicking Lynas around like an underinflated soccer ball.

     

    Lynas has very publicly stated that the delays are endangering its $80billion in customer orders...

     

    I wonder if Nick has hired a sharp Sydney law firm to start poking around that new Free Trade Agreement just inked between Malaysia and Australia? We could be seeing the groundwork for one heckuva law suit...

     

    As far as Lynas getting its TOL in June, that must be viewed under the current situation as "doubtful", though of course still possible.

     

    Lynas' lawsuit hits its first hearing in court in a few days (June 14, Malay time)...

     

    That will probably ignite a huge firestorm in the Malaysian media which is NOT a direct party to the lawsuit...

     

    Prognosis for the share price? Probably going to go down while the luddites get more international media glamour, and Lynas is cast as the Australian heavy.
    12 Jun 2012, 09:52 AM Reply Like
  • doubleguns
    , contributor
    Comments (8705) | Send Message
     
    Its seems impossible to find an investment today that is not effected by politicians. Except burying gold in the back yard although the EPA might be a concern. /s
    12 Jun 2012, 10:49 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    Lynas has a few months left to wait until the Free Trade Agreement takes effect. I'm sure Lynas can use it to their advantage somehow.
    http://bit.ly/L2AML8
    12 Jun 2012, 11:32 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    Tasman expands its operations in Finland.
    http://seekingalpha.co...
    12 Jun 2012, 11:49 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Probably got the new deposits cheap.

     

    TAS is still hanging to the skirts of the 2nd tier, and recent delays among the front runners in their group have helped their relative situation, but hopes that the West would suddenly start developing alternative sources like TAS and setting up strategic stockpiles were over-optimistic.

     

    It will take more (even stronger) heavy handed manipulation (and death cries from dying domestic technology manufacturers) from China before they act.

     

    These strategic plays like TAS still look good so long as your planning horizon is around 2017+.
    12 Jun 2012, 11:53 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/NbELrn

     

    Hearing for Lynas suit delayed until Jul. 27.
    12 Jun 2012, 09:40 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Lynas down under is geting hammered. Down over 5% right now, on moderate volume.

     

    I wonder if anyone has done a comparison of shipping costs for Mount Weld ore to South Africa vs Malaysia... Or maybe North America?

     

    Sure, one of those facilities is only half-built, and the other hasn't even broken ground yet, but they have a HUGE advantage...

     

    They aren't located in Malaysia.
    12 Jun 2012, 10:14 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    I often idly wondered about the viability of building the LAMP in Malaysia. Is it too risky to place a corporation's prime asset in a foreign country, generally speaking? It makes for an interesting story to follow, full of suspense, at any rate.
    I had wondered if the industrial port of Port Hedland would have been a better place to put it for the long run, labor cost considerations held aside. Shipping costs would not have been out of hand, I would think.
    http://bit.ly/OvU0Iy
    http://bit.ly/NwZmW9
    12 Jun 2012, 10:56 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » The element which I believe NC truly underestimated was his own comfort zone trusting the Chinese. He had worked for them for a long time, and made a lot of money, and I think had lost what should have been a sense of caution when it came to trespassing on a key national program like rare earth production.

     

    This assumes of course that he must have known just how much influence China wields in Malaysia, and the large percentage of the country's population which is ethnic Chinese.
    12 Jun 2012, 11:08 PM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    The cynic in me is hinting that if Lynas were to form a partnership with the Chinese about the LAMP's production, the political clearance for the LAMP to operate will follow.
    12 Jun 2012, 11:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Yes. Of course, that would require that the outtake get shipped to China, particularly when Duncan comes on stream and the heavies which LAMP can't process anyway start to accumulate.
    13 Jun 2012, 09:27 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Finished selling out of HREEF at another tidy profit.

     

    Hell, if Stans had sufficient volume (it doesn't, not nearly) I would stop wasting time with Lynas, MCP and GWM and just trade the little pretenders...

     

    HTL, I don't know if this Stans pump is about to dump or not, but its already done a little more than I had projected for this round...
    13 Jun 2012, 11:13 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18490) | Send Message
     
    Yeah, I got out at $0.76 this A.M. I thought it might bump a bit more, but, as you know, I've been sitting on the losses long enough to make reducing the downside risk more attractive than chasing a few more pennies up.

     

    With your guidance, I'll get part of it back on the next go-round.

     

    HardToLove.
    13 Jun 2012, 11:21 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Good. IF they can actually get that ancient processing plant producing again, THAT would be a headline worth trading (I still think their mine is garbage, but its never been about the mine, anymore than GWM is about the mine - the bottleneck is in the processing).

     

    Stans plant is going to be able to handle Uranium heavy concentrate, and there aren't many plants ex-China that can do that (pretty much none, really).

     

    BUT I have high doubts that they will get that plant running again.
    13 Jun 2012, 11:26 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/Nf9Pqa

     

    What I'm talking about.
    13 Jun 2012, 11:29 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » I suspect they have some of the elusive Russian rare earth ore that will be made available for processing if they can get it running. That would be another tradeable event.
    13 Jun 2012, 11:30 AM Reply Like
  • Valley Boy
    , contributor
    Comments (2211) | Send Message
     
    I think they could work out a deal with Russia for obtaining some rare earth ores if the trade mission was productive. Some of the ores are relatively nearby in Siberia.
    http://bit.ly/LJWEvR
    http://bit.ly/KFPumP
    13 Jun 2012, 02:49 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/LbfaO4

     

    Lynas updates Duncan. All good stuff, good news, and it would seem they will be looking at building a new chloride-based plant to process the heavier ore (estimated cost $600m). They are projecting 13kmt REO yearly (less ce, which is still the single largest component at over 39% of TREO), which is considerable.

     

    GWM is just starting their own chloride plant at Steen, using direct chemical benefication for the same reasons that Lynas has concluded this is the way to go to arrive at heavy production.

     

    No word yet on where Lynas plans to go with the resulting mixed REO concentrate to separate and refine the various elements...

     

    Based upon recent market reaction to good news from the rare earth sector, I would anticipate a sharp decrease in the share price today.

     

    After all, the LAMP is STILL located in Malaysia...
    14 Jun 2012, 08:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » LYC ended down another 3.68% downunder last night. The good news about Duncan must have leaked, LOL.

     

    Revisiting the recent lows in the low $.80's seems to be on the menu this week...

     

    JPM recently mentioned that they believe that even with a dead LAMP and no TOL, Lynas might be worth as much as $.74 or so...

     

    Seems like the markets are pricing in a problem getting the TOL, doesn't it?
    14 Jun 2012, 08:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/LMKKBi

     

    Bad news for Lynas from Malawi...

     

    Small potatoes, Lynas has only invested about $5million in this project, but their luck with predatory foreign governments seems to be batting 000...
    14 Jun 2012, 09:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://yhoo.it/MJmKLe

     

    Now getting coverage in the Australian news...
    14 Jun 2012, 11:38 AM Reply Like
  • ungawah
    , contributor
    Comments (986) | Send Message
     
    IAALF is seeing a rare bounce this AM -- 15%. Wonder what the cause.

     

    Trying to buy a little more LYSDY below 90¢, but not having luck.
    14 Jun 2012, 10:17 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Anyone following my lead on IAALF, I plan to take profits at $.14...

     

    Be patient with the LYSDY buy, ungawah, and you may be able to get in at the year low ($.82 I believe). Trading there is sluggish most of the time, so patience is needed. By this time I believe the huge majority of any institutions with $1 minimums trading in LYSDY have departed. In that case I would expect the price to start tracking with LYSCF again.
    14 Jun 2012, 10:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Now, here's something I never see...

     

    News that a Malay government body is delaying something!

     

    LOL.

     

    Its in Chinese, so use a translator and good luck, but...

     

    http://bit.ly/NlAVvW

     

    It would seem that the PSC's workload has been so onerous that they are not ready to table their report today, but plan to delay until June 18 instead.

     

    I didn't see the papercut triage report, but I bet it was horrendous...

     

    July before Lynas sees the TOL...

     

    No, make that LATE July....

     

    What's the month that comes next, August?

     

    Yeah, maybe August...

     

    Lets start speculating about how that big a delay in delivery to their customers will start breaking down their order book...

     

    The bulk of the orders were booked with the original September 1 2011 startup date in mind, so let's just estimate that the customers accepted a 1 year late clause, meaning its deliver some goods by September 1 2012, or sayonara, jack. I don't know when these deals are subject to unravel, but the last thing we want is to start having deal cancelation announcements to add to the waiting game.

     

    Then there's the meter running on the cash burn taxi. We're essentially at the outer perimeter of my earlier estimates, and Lynas' good buddies in parliament have yet to take up the debate.

     

    I saw a recent estimate that new elections are likely to be called for October.
    14 Jun 2012, 11:56 AM Reply Like
  • LT
    , contributor
    Comments (5664) | Send Message
     
    watch for little pop out of this :

     

    2:58 PM With many rare-earth stocks (REMX) near 52-week lows, now may be the time to dig in to sector bargains, Jacob Securities' Luisa Moreno says. Prices for rare-earth elements "are approaching levels which are economic again," so she sees demand starting to pick up and prices stabilizing in H2. It may take time to affect stocks, but she likes MCP, TAS, MTCEF.PK, LYSCF.PK. Comment! [Commodities, Quick Ideas]
    14 Jun 2012, 03:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Market prices are meaningless (now more than usually). Even the Chinese have finally admitted that their shipments dropped by 50% last year because their Cartel formation forced 50% of the shipments into the hands of smugglers. This in turn created a temporary oversupply in the ex-China markets (and actually caused China to quietly draw from its strategic reserve to damp down domestic prices so they could maintain their pricing advantage). This was a one time affair (you don't create gigantic national Cartels everyday, nor do you wreck 3 decades worth of private capital formation and replace it with that Cartel).

     

    Prices are thus just as artificially depressed by Chinese government action now as they were when China was flooding the planet with cheap minerals to capture their monopoly position in the first place. The difference is that this time the Cartel has quickly subsumed virtual control, and the demise of the Chinese private REE sector means that those companies are almost all vanished or certainly no longer capable of smuggling any rare earths out of the country.

     

    I agree with the idea that prices will stabilize in H2.

     

    I also foresee prices starting to heat up again, perhaps in Q4, and even more likely in Q1 2013.

     

    For more details the older REE/Strat. Concentrators await, as always...
    14 Jun 2012, 03:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/KLfCMX

     

    Brief bit about Lynas and Duncan. Note that the author is giving us a headsup about an upcoming interview June 25 with NC...
    14 Jun 2012, 09:20 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2427) | Send Message
     
    Reuters just out with a claim that the main obstacle to the start of production at the Lynas site in Malaysia has been removed: "The Malaysian government dismissed on Friday a citizens' appeal against a rare earths processing plant owned by Australia's Lynas Corp ...

     

    http://reut.rs/NqzRa3

     

    But, we all know this is not the end of the hurdles yet.
    15 Jun 2012, 08:08 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Thanks Mercy.

     

    2 new conditions to meet, delaying matters further... A non-surprise.

     

    PSC yet to table its report, after a delay... A non-surprise.

     

    Parliament to debate the issue, creating a big delay... A non-surprise.

     

    Malay Parliament doing so quickly.... Would be a huge surprise.
    15 Jun 2012, 08:19 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://reut.rs/Mbvngt

     

    October 14?
    15 Jun 2012, 08:24 AM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    "We already have the answers for the two new conditions," Mashal Ahmad, the plant's managing director told Reuters.

     

    That is good, don't know how much it will help though.
    15 Jun 2012, 09:01 AM Reply Like
  • ungawah
    , contributor
    Comments (986) | Send Message
     
    I'm guessing it means that my odds of getting sub-90¢ shares of LYSDY are almost nil.
    15 Jun 2012, 10:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Short term... Probably. We may see some wacky headlines once the opposition party starts getting worshipful coverage in the NYT over the next month or so...

     

    And if the delays stretch much beyond the next few weeks, or are announced by the Malay government to be tabled until after the elections...

     

    You might have plenty of opportunity then.
    15 Jun 2012, 10:28 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » http://bit.ly/M5YmGw

     

    Article about Lynas' Duncan deposit project. Note that the article contains a bad error (which is the norm, even for the professional mining media) in that it calls for a "4 year life of mine". I believe this is a misqoute from the Lynas scopping study, which referred to a "4 year development period".
    15 Jun 2012, 10:48 AM Reply Like
  • ungawah
    , contributor
    Comments (986) | Send Message
     
    TB, it looks like your 14¢ target for IAALF has been met. They are having another good day. No really recent news that I can find that would cause this.
    15 Jun 2012, 11:01 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » Yes. I am taking profits now...

     

    I would not be surprised to see the stock go higher, however. I am long this stock, but it is one that I trade to generate profits and free shares which I am adding to my accumulating core position.

     

    Stocks which I assign a long horizon (in the current insane market, I have redefined "long horizon" as anything more than 2 years) are the ones where I use this strategy most often.

     

    I believe the last quarterly results were supportive, and the macro situation with their alloy business is also showing positive signs.

     

    We may also be seeing some creeping in of early speculators, bargain hunting in the wake of the recent sector rotation out of alt energy and strategic metals.

     

    Finally there is a background buzz about their nuclear fuel technology which can ignite the interest of investors as they encounter the story...

     

    But I agree, no new news to link to this move. I will note that this sort of behavior runs both ways (sometimes this stock will reverse course for no apparent reason as well).

     

    Also taking profits on QREDF today, same strategy...
    15 Jun 2012, 11:19 AM Reply Like
  • ungawah
    , contributor
    Comments (986) | Send Message
     
    Looks like IAALF topped out at 14.7¢ -- still below where I own at. Thought I bought at good prices last year, but those dips were just part of a slide down. I had memories of its hitting 27¢.
    15 Jun 2012, 01:25 PM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » It may still have more up side short term. I took profits based upon my own plan, not because I thought that $.14+ was all that was likely to happen.

     

    My horizon for the stock still have 2-3 years to run...
    15 Jun 2012, 01:27 PM Reply Like
  • jakurtz
    , contributor
    Comments (1899) | Send Message
     
    This article is on Lynas moving ahead with their Duncan project, just a day after they said they were prepared to walk from the Malawi project b/c of the legal wrangling. Perhaps they are tired of dealing with backwoods governments and would like to concentrate their resources and efforts on domestic projects for a while.

     

    http://yhoo.it/MfI8q6
    16 Jun 2012, 08:25 AM Reply Like
  • tripleblack
    , contributor
    Comments (13591) | Send Message
     
    Author’s reply » New Concentrator is here:

     

    http://seekingalpha.co...
    17 Jun 2012, 12:28 PM Reply Like
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