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Its the chairman of the company saying that.
Riddler and how do you explain the prices of REMs going up by 10 times in last two years. Is that justified. Its all about demand and supply and who controls it and that is China my friend.
riddler FFS read the blog Rare Earths Global forecasts better 2012, in JV talks By: Reuters 26th March 2012 China's Rare Earths Global, which plans to list on London's junior Aim market later this month, said it expected higher revenue and profit in 2012, and was in discussions for possible joint ventures with certain firms in South Africa and Australia. "We are looking at two or three at the moment," Ivor Shrago, the firm's non-executive chairperson told Reuters. "We are still in the process of discussions, nothing firm."
Its rumour on JV
riddler http://www.raremetalblog.com/2012/03/china-enter-another-global-player.html
its because the MMs have no shares left
Think I'll wait till the spread tightens.
FYI have you noticed the Market Makers are gone !
NO This is not all you know ! This is all you know because you have done no research. Look at the directors statement and google them and you will see why it has risen.
I recommended this at 600 - And riddler this is not based on no news. There is always news. This is a prime example of how mcaps can double in anticipation of news.
1297 now wow wow wow
1120 now jesus
who bought in here the price is so high now google finance carn't fit it in.
Thank you mate Think ill skip this at mo any ways, Got me eye on SEGR, OXA, and REM. Had a busy day with THR today, so not done to much research yet, but IMO...any strong, rare earth/mineral/mines stocks have got to be worth investigating at this time. Thanks for your reply. Good luck and best wishes. Maddog
not sure after watching this move over the last week, i find the spreads frightning, a lot of noise about rare earth minerals at the moment, perhaps safer with rem. GL Dundee
Thinking of taking a punt here tomorrow, any body got any advise or opinions before i jump in? Many thanks all and good luck.
I know that it is you job to egg people on ( that is if you really are a hedge fund advisor ) However this share spells danger to us. Nothing will stop it once the share starts to sell. So unlike you we had better take care.
1000 today BOOOOM !!!
it changes to 13% - that's more like it!!!
Is that right?
this goes up very fast! Now sitting at 707p - up 16% on the day. After yesterdays 60%, that makes for some pretty good returns for our day traders out there. I'm sure with todays new interest in this share, we could see this keep going up!!!
blue http://www.mining.com/2012/04/02/china-to-officially-launch-rare-earth-association-on-april-8/ You know what happened to prices of rare earth minerals the last time they tried to curb the export.