RE:This is why REEs are not good these daysAt Loony. It all has to do with China and the economics of developping a new mine and new technology. China is the major culprit on anything it puts their hands ons.
They
1) rarely play by international rules.
2) steal patents and technology.
3) use their wealth to buy influence.
4) monopolize anything that could be profitable and then subsidize them heavily to put out of business competition on a world scale.
5) fund major environmental groups in foreign countries to stifle growth and development, while they crack down very hard in their country their environment groups. It's all about eliminating competition.
6) China has destroyed world wide the solar cell producing industry, which was stolen technology, world wide by heavily subsidizing their industry and then doing massive dumping on a world wide scale.
I could go on and on but China is all about looking after number ONE. It's a major reason why many on the TSXV and a few in TSX will be always failling because they are competing against unfair and cheatful commercial practices, while our gouvernment stands by with their hands tied, under the will and pressure of foreign lobbyists.
As long as our western gouvernments stands by and let themselves be butt F***** by the cheaters of this world, retail investors cash will continue to go down the drain and mostly in pockets of the corrupt that are lining their pockets for a nice retirement.
All in my opinion.