reply from Don Layshow details Dec 3 (3 days ago)
Dennis:
Thanks for your questions. Yes, the junior markets are volatile nowadays and many of the rare-earth companies have come off quite a bit as well. As for monazite acquisitions, we are looking at both off-take agreements for our own plant as well as acquiring our own monazite-rich beach sand deposit(s). We have an excellent line-up of resources and are getting close to securing that resource.
On the money question Medallion has about $2.7M of cash and deposits and has no plans to raise money soon or until our stock is revalued much higher because of a deal.
I hope this helps and please feel free to call or email.
Thanks,
Don.