GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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Initial lack of support and indifference from the EU over Biden's new China tariffs may soon have to harden to action.
The EU was already well advanced towards reaching its decision whether it should increase Chinese EV tariffs from the existing 10%, to avoid decimation of its own auto industry by the looming tsunami of ultra-cheap, China-subsidised EVs.
The problem now is that the Biden closure of the US EV market to China inevitably diverts the focus for China's surplus EV dumping to the EU. It now seems obvious that "Brussels will have to act quickly, either to put its own tariffs in place or to accept a flood of Chinese-made products". UK will almost certainly follow suit after the usual 3 years of in-fighting and delay.
Looking at some of the commentary around "what will China's response be", the consensus is that it will be measured, targeted and fairly quick. The damage to US - China trade balance from the new tariffs is about $18bn, so China is likely to go for equivalent cost retaliation, but may choose to hit "pain points" specific to US and EU which don't cause collateral damage or alienate China's other markets.
Given that permanent magnets are No.2 on the list of items the US critically depends on China for supply (77%) and the EU is similar, China may well do to permanent magnets what it did in August last year with gallium and germanium exports, - drastically restrict export quotas/shipments to the west.
If this happens, there will be a chaotic scramble to buy up and lock-in non-China sources of magnets and magnet materials, with rampant stockpiling - and NdPr prices will take off accordingly.
Is this worth a buy?
Yes.
Absolutely worth a punt
As a holder in ALK, Pensana has been on my watchlist a long time. Made an initial buy here the other day, looking forward to confirmation of export credit agency guarantee and equity finance 👍
Have you heard anything?
Lol MAA, you are asked if it's a buy and say yes, then ask if anyone has heard anything re finance.
The sp tells you everything you need to know about the finance position. Unchanged.
There will be a June progress update and a coola project update no doubt in June also.
I’ve just written the Coola update. Drilling results have been (once again) spectacular. We are now able to clearly define the ore body. Probable ndpr reserves are now twice original estimates and grade improvements are notable. We have also run a third road to site, accommodation blocks and extension leads are in place. No mention will be made of Saltend, that cunning but ultimately unsuccessful ploy to extract cash from the ATF. Finalisation of finance for Longonjo is expected shortly. So no need to wait for the next RNS, you just read it!!
I can have a 'buy' option without being privy to all the current information.
Anyhow, your partner in crime has appeared. Come on then lads. What are your price predictions this time? 2p, 3p?
With finance 35p. Without 0.5p
What I want to know: who the clown is that keeps on lending you shares to short sell every month ? I seriously doubt that many long term Investors are still selling into your blatantly obvious dumps anymore. So with an average turnover of 5-6 million shares @ 2% margin each month the dumb traders must be loosing $100,000 ~ a sum that fits rather well with your Ringmaster's recent boast about making 250k per quarter.
"What I want to know: who the clown is that keeps on lending you shares to short sell every month ?" The board