Dilution, Tilting at Windmills, MRT, the first sliceGood Morning, Everybody.
Shoulder update: Next Tuesday I am set free of the sling and start PT three time a week. Oh joy. Note the exersises helped a lot. Got a lot of range of motion back already.
Dilution: I wish Pip and Rod would get it right and quit harping about it. The deal with Orca Holding is for warrents, options to buy exisition shares not new shares issued for the deal. Orca still has to buy the shares, exisiting share, Pip. The total number of shares outstanding remains 49 million. Where is the dilution you keep harping about?
Tilting at Windmills: China has for all intents and purposes has a monopoly on REEs. They have used that monopoly to stop government from enforcing laws, Japan in 2010. After that Japan invested in Lynas to become the only other supplier of REEs at that time. They have used REEs supply to rises prices to the point that new deposits were found all over the world. Then flooding the market with cheap REEs to make sure that they were to only one to buy up or develop those deposits. When RSX come on line that is a threat to that monopoly. It would be very naive to think that at least some of Ucore problems were not the Chinese working in the background to slow down or stop RSX coming to market.
MRT: Is MRT better, cheaper, or faster than RSX? Maybe, we will never know at this point. I think that no one is going to take a chance on Steve to find out if it is. Not after the court and breaking the deal with Ucore. No one will trust him.
Did Ucore spend too much time on MRT and make mistakes, in a word yes. Did they learn from there mistakes, yes. They bought out right the company that developed RSX. No option to buy this time.
I talked to Mark and learned a few things. The first react to split off elements is called a slice. The frist slice takes out Scandium, Uranium, and Thorium and Iron. Yes, they have had a Scandium mine owner asking about using RSX to separate ore for that mine.
Timeline note: As Pip has noted and harped on, Ucore is coming down to the wire. Orca's time line is one year to use the options to buy. So I think that to get that 2 million line of credit Ucore has to be very close to finishing the Demo plant on time or maybe a little early. One can only hope. Having worked on big complex projects. I can tell you that they take on a life or time line of there own. Will the upgrades slow down the Demo plant or will it matter in the overall build? Maybe a question for Mark to answer with a PR.
Good Day to you all.
Dragon
PS yes, Pip I have had three cups of Folgers coffee. Bye.