RE:RE:Quiet time to keep addingI like to add to my position in anticipation of a change in the development of the company.
I like the management of the company and have confidence they are able and capable of following through on the company plans. They have been increasing their hedged contracts of buying concentrate and also selling the same concentrate to refineries. This is just starting to ramp up now. The company is starting to actually make money.
What is important to me is that the company does not have to dilute the shareholders when the need to raise capital. they havent had to do this for a couple years now and it appears that they are going to sustain their operations with cash flow that they are currently bringing in. This is a very good thing for a little company like this.
They are in the rare earth business and have extensive contacts and are working hard to make a successful company in this business. Rare earth prices have been at the bottom but i have a feeling that this is going to turn and move back up in the near future.
The real barnburner will be if they get the refinery in Laos permitted and operational soon. That would be fantastic. it has been held up for quite a while and if you read about what they have there that is already built you will understand. it is going to be vended into the company when it is permitted.
take care