RE:RE:RE:RE:It's Saturday, Why?, What it could mean.Pip said,
"yeah i will disregard the past, which is usually the best way to predict the future. Brilliant investment advice
i don't understand why you are so into this company when they have been a total dog for a decade. Made a mistake on my part, whats your excuse?"
My excuse, After working for the Navy for thirty plus years, I understand the evolution of failure. Thomas Edison failed over a thousand times before he found a simple cotten thread coated in carbon would work as a element in a light bulb.
Has Ucore made mistakes in the past? In a word, Yes. But we see those mistakes differently. You see them as a failure of management and think they will always fail. I see them as an evolution to the end goal.
Lets go back to the start of this whole mess, shall we. Japan caught two Chinese fishing boats in there waters. Arrested the crews and took the boats. To get the crews back China cut off REEs to Japan. That cause a world wide panic about REEs. REEs price when through the roof. A kilo that last month cost less than a hundred now costs thousands this month. Junior miners all over the globe go looking for REE deposits. After many deposits were found China floods the market with cheap REE and the prices drop to record lows. No junior miner can develop there deposits at those prices. At which point Ucore did the smart thing and switched gears from a junior miner to a separation tech company and when looking for the tech to replace SX. They found one that looked promising but would cost to much to develop. Then they found MRT which they did not have to develop but just pay a fee for IBC to find the right chemistry to make MRT work on REEs. Now I agree that Ucore's old management did make a mistake about MRT. But it was not the oil sand deal, the coal deal, or the SMC deal. There mistake was not understanding Steve. We now know he shut down all three deals to blackmail Ucore into that 60/40 he just could not let go of. In hindsight, they should have not bothered with selling him on a buy out option he was never going to let happen. But did a 60/40 deal with a ten year option to merge or buy out with his 40 per cent paying for the option. Got MRT up and running on oil sands and coal then when Ucore had the money to do the buy out. Drop the bomb on Steve. But that is hindsight.
When new management took over. They looked at the settlement talks and decided that it would cost to much to won the battle, but lose the war. So they cut Steve and IBC loose. But remember Ucore still owns the REE rights in MRT. That happen before the whole 60/40 thing. So that blocks IBC from doing a REE deal. How old is Steve and who are his heirs?
So Ucore keeps the separation gear and found new tech that does it. Enter RSX. Has the new management been doing what they say they are going to do? For the most part, yes. but just a little behind in the schedule, which happen, most schedules are just guesses anyway.
So that is my excuse.
Dragon