Some fresh perspective from a pro I am a CPA with 25 years experience and have 10 years experience as a professional securities adviser, much of it with start up technology and junior mining companies.
(I AM NOT HERE TO REPRESENT OR MAKE RECOMMENDATIONS ON ANY INVESTMENTS INCLUDING THE SHARES OF QUEST RARE MINERALS LTD. ALL INVESTORS ARE ADVISED TO PERFORM THEIR OWN DUE DILIGENCE WHEN DECIDING TO INVEST OR DIVEST FROM ANY SECURITY)
I do believe that participants on this board are entitled to receive objective, accurate, relevant and reliable information about Matamec Explorations, the broader industry it operates in, as well as their competitiveness visa vie other rare earth metals companies.
I will start by making sure everyone here understands that all mining exploration companies rely on external financing to continue operations and therefore the issue of their ability to continue as a going concern is of critical importance.
In the case or rare earth metals the likelihood of getting financing is greatly diminished due to:
-The negative industry outlook (both short and long term) expressed by most credible research
-The very competitive environment for investor capital that the entire mining exploration industry is facing. (there is very little money to go around and rare earths are by far the most shunned)
I have included a link to page 7 of the latest annual report. It is saying that the company will be out of cash sometime in 2017.
In my opinion, this situation is extremely high risk and is not justified by any potential reward (in this case the outlook for these shares are actually quite low so the expected reward is minimal)
https://globaldocuments.morningstar.com/documentlibrary/Document/543d2e63cec54c10e065cc4221556866.msdoc/original