ON THE CUSP OF MAJOR BREAKOUTHi, well this has been a long slow story to develop but i am quite confident that this story will be worth the wait.
I have been in this for over 2 years and please tell me all wise sages how many companies (during this extended bear market of mining equities and rare earth metals since 2011) have disappeared off the board or have had to dilute through share issuance because they had to raise capital just to survive??
Well i dont know the exact number that have been delisted but its lots of hundreds maybe even a couple thousand and the majority had to raise capital.
In looking back there was a major capital raise in 2012 of 54 million shares at .05 . Since then Pinetree dumped major shares in 2014 approximately 10 million shares. Good riddance to them!!
Anyway with the change in business focus and negotiating major contracts with end users and suppliers we are generating cash flow.
Now if they get this refinery in Laos approved by the new government that has had it held up for years since it was built,, this is a major coup and will bring in a huge material change with this company that already has a pre-arranged price for 60% of the refinery.
With the rare earth prices coming off the bottom and the whole mining sector starting to revive and move up this should be a very good time to take positions in some of these companies.
We have not had to dilute since 2012 and have managed to keep afloat and now the company is starting to generate revenue. Wow this is fantastic.
Some people want to exit because they have been waiting for years and maybe underwater on their investment ---then sell and give it to someone who sees a bargain.
There has been a couple million shares traded up to .06 recently and they have been chewing up the stock that is offered. If you notice somebody in the last couple end of day trades hits the bid and makes it look weak with a low closing price. Is this designed to pull more stock out or is it somebody screwing with the last price for some other reason.
Anyway it wont matter because once positive news comes out it is time for the stock to move north
Make your choice in or out. im in for a while on this one. Its my second largest position