GREY:EORBF - Post by User
Post by
nutquackeron Jun 05, 2013 12:02pm
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Post# 21487259
the current market
the current market It is useful to have some perspective on Orbite. Look at QRM or TAS in the rare earth sector: Quest peaked at ~$9 almost 2 years ago (down over 90%), Tasman at ~$2.60 at nearly the same time (down 75%). Look at the price of aluminum: down over 10% in the last 4 months. Look at Alcoa: debt just rated junk by Moody's.
It is rough right in the mining business right now. And no end user is going to sign a deal until they have guaranteed production. Why would they risk losing a current supplier without 100% certainty that Orbite can deliver.
But when they do... look out!
glta