Rumour RageEvidently the
rumour that China
might add some rare earths to its embargo list of critical minerals has sparked a crazy pop in REEMF and TMRC shares and even LYSCF is up 7%. But these are rare earths miners and Ucore isn't. Oh, maybe years from now it might get serious about mining but right now it's focused on being a rare earths processor. I sure wouldn't chase those spiking miner stocks because of a rumour probably placed by those earger to make a big and quick profit--plus probably too late. If
there actually is a rare earths embargo, investors probably will then realize that it isn't enough just to have mined ore, it has to be processed! Then we could expect to see some nice share-price action with UCU/UURAF. At least that's my thinking.
https://www.reuters.com/markets/commodities/chinas-rare-earths-dominance-focus-after-mineral-export-curbs-2023-07-05/