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QUEST RARE MINERALS LTD V.QRM


Primary Symbol: QRMLF

Quest Rare Minerals Ltd is a Canadian exploration company developing Strange Lake rare earth deposit in northeastern Quebec, Canada. The Strange Lake REE deposit contains quantities of all the rare earth metals used in permanent magnets. The company is to become a supplier of rare earth oxides for the permanent magnet industry to be used in variety of industrial and consumer applications including wind turbines, automobiles, consumer electronics and medical equipment. Its project portfolio includes Strange Lake Rare Earth project, and Strange Lake Preliminary Economic Assessment.


EXPM:QRMLF - Post by User

Bullboard Posts
Comment by pulverizeron Jul 20, 2012 1:37pm
251 Views
Post# 20136158

RE: Any Hope

RE: Any Hope

If memory serves me correctly, Kaiser got sick of being hammered by mad investors on this stock and early in the year he recommended you sell it. He made that choice because he's been in it since 7 cents so he's happy. But so many got in at 3, 4, 5, 6, 7 and even 8 bucks. Kaiser has moved on and last I read from him he was past Rare Earths and onto Graphite. That was in the spring.

 

I believe in this stock, lost too much because I put too much of my portfolio into this stock. I eventually pulled out. It's going though the usual cycle of wealth destruction until it can prove it will be a mine, and then actually move towards building that mine. If that actually happens, then it's money. It has a great resource and of course could be bought out by someone else (MCP?) in which holders will be rewarded with a nice M&A... but in order for that to occur it still needs to move forward with its necessary steps before that happens.

 

Juniors are unattractive in this macro market environment. If you're looking to make $ within a few months, short something. If you're cool with buying a stock and coming back to it in 4 years, buy this stock at this current price and see ya in a long time.

Bullboard Posts