Post by
Dragonsmyth7 on Dec 24, 2022 5:09pm
Pip's dead horse and Ucore is a Canadian company
Merry Christmas to all,
To all the new folks that have no idea what Pip is talking about.
I am back from shopping again. A woman that buys Xmas presents all year long can still find things to buy at this time of the year. Drive the car, carry bags and stand still or go try this on. I have a large cup of Folgers coffee, a cat borrowed in between my side and the chair and the wife messing with the presents again. She did not like my idea of making a big pile and let the kids figure out who get what. I got the look. I might get coal in my stocking.
Pip's Dead horse. Back around 2010/11 when China cut off Japan's REEs. It started a panic. That China could do the same to other countries. This started a whole lot of people looking for REEs Including Ucore. Ucore found the Bokan mountain depots and bought the claim. Then went looking for a method of separation. They found one that looked promising. But it was in the lab stage of development. Nothing at commerial scale. Enter stage left, MRT. The tech own by Steve and his gang in Utah. Using MRT they separated ore from Bokan into each of the 15 different REE elements. First time that had been done in US using MRT. MRT had a lot of advantages. Small plant, lower Capx OperX, greener use of acids, and it got 99% of the elements out of the mix vs SX that only got 85% out of the mix. Sixty commerial scale MRT products on the shelve. Looked great, you would think. But Steve and gang wanted 40% of the profits to use the tech and they made sure to never develop the tech to a point that they did not control it one hundred percent. Ucore tried to make deals using the tech. First with oil sands, then with coal but in the end Steve shut it down. He controlled/own the tech and he wanted his 40% and would not budge off that point. Ucore tried to buy the company, even won in court but still had to walk away without the tech. Enter stage right RSX. Ucore having learned it's lesson. Bought the company that owned RSX from the get go and worked from there.
Pip, makes a big deal about Ucore using it's stock to raise money. I would like to remind everybody that Ucore survived and looks close to getting funding for a commerial scale plant. How many REE companies did not. Ucore did what it had to get by to this point. I am happy about what they had to do make it. Not reality, just hopefull that they are going to make it this time.
Ucore is a Canadian company. If Ucore's Xmas present to it's stock holders is a Commissioning PR. Then I like to remind you all that in Canada they open there presents the day after Xmas. So hopefully commissioing PR is on Tuesday next week.
I have to go to the bathroom and the cat is warm and does not want me to move. Life is rough, cat.
Have a great holiday.
Dragon
Comment by
PipinoCuevas on Dec 24, 2022 5:16pm
Dragon surviving on shareholders money vs $75 a share is a bit of a disparity Aidea 10% is post mrt fiasco But nice try its rsx and smc based Nothing to do with mrt ucore xmas present a lump of coal
Comment by
PipinoCuevas on Dec 24, 2022 6:25pm
The next steps are to formalize the due-diligence process with an AIDEA-retained independent consultant and to proceed with the AIDEA review process through Q2 2021. 2 yrs ago I would say AIDEA finally punted and rn the other way