Altona Rare Earths Share Discussion Threads

[archie meads] 05/6/2011 15:21

Is Targetrighton (here) also wwwater (there)?

[goldeast] 05/6/2011 13:48

I'm stil in but sold a few recently just to top up RVM whilst it was low. Luckily (for me) the price has come down and I plan to add quite a few this week. I've tended to read the Stockhouse board as it is quite active.

[royfox] 03/6/2011 13:12

I'm still in very heavily, Patience will pay off on this one, may take a while but worth it IMO.

[thomscm2] 02/6/2011 14:39

Thanks for the information. Very interesting.

[jimbowen30] 27/5/2011 21:35

Worth a listen:



Moving toward production in the rare earth business is becoming increasingly important to the sector and to the investment market. Great Western Minerals Group ("GWG") is positioning itself to be one of the very first companies outside of China to do so. Stone Communications is hosting a conference call / web event with Jim Engdahl, GWG's President and CEO.

Conference Call Details
Wednesday June1, 2011 at 11:00 a.m. (EST)

REGISTER NOW

James B. Engdahl
President & CEO


"GWG recently announced a fast track schedule to move Steenkampskraal toward production by early 2013. Our company is very focused on the strategies and steps to accomplish that and we continue to move ahead, right on schedule. Concurrently we are planning for a significant capacity increase for Less Common Metals, our rare earth alloy processing plant in the U.K. All of this is part of our vertical integration / self-supply strategy."

[jimbowen30] 03/5/2011 12:21

If link doesn't work, here's the post from stockhouse with Byron note

[jimbowen30] 03/5/2011 12:16

For holders of GWG - Byron Capital have upgraded their price target to $3.50. The Aichi deal is significant imo and a NI 43-101 resource is due this month for Steenkampskraal. This company is still way under the radar. Byron link is here:


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[bangor] 07/4/2011 20:37

Shares of Molycorp (NYSE:MCP), Rare Element Resources Ltd. (AMEX:REE) and Avalon Rare Metals Inc. (AMEX:AVL) are skyrocketing today after a new bill was introduced by Colorado Congressman Mike Coffman which "seeks to curtail dangerous reliance on China for critical materials."

Coffman said, "Currently, the world is nearly 100 percent reliant on Chinese exports for these critical materials and China's trade policies of restricting rare earth exports pose a serious threat to both the economic and national security of the United States."

The bill, H.R. 1388, the Rare Earths Supply-Chain Technology and Resources Transformation Act of 2011 (RESTART Act), would allegedly establish a domestic rare earth industry in the United States.

This is about as stupid as a bill as you could get, and irresponsible at best, as the last thing we need to create another government agency and increase the crony capitalism that has already poisoned the country.

It's not China that is dangerous, simply because they've developed their industry while the United States has caved to radical environmental groups, making it extremely difficult to do any type of mining in a profitable manner.

The market is already working these things out, and the creating of another government agency and expanding the government in the United States, which is already bankrupt, is a disastrous idea. That's what's dangerous here.

Major provisions of the bill include:

Directing appropriate federal agencies to expedite the permitting process in order to increase the exploration and development of domestic rare earth elements, without waiving environmental laws, and establishing a multi-agency Task Force to carry out this process;

Setting up a Defense Logistics Agency (DLA) rare earth inventory - where DLA enters into long-term supply contracts and then makes the supplies available for purchase to federal government contractors - to generate a domestic market and facilitate the domestic sourcing of rare earth alloys and magnets;

Making loans, backed by the federal government, available to start production should lending from the capital markets not be available;

Requiring the various cabinet Secretaries to appoint Executive Agents for rare earths;

Establishing a rare earth program at the U.S. Geological Survey.

This thing needs to immediately be killed. Companies are already expanding operations and making moves to expand operations in response to demand. We don't need a bigger government to interfere with the market. Period.

[nathaniel1913] 07/4/2011 20:27

gwg being left behind again as most other good ree/s make circa 10% today??

[keya5000] 06/4/2011 17:50

Are you still around TargetT, we dont seem to have had your valuable insight into REE's for a while on the thread.

[bangor] 04/4/2011 15:30

News from Molycorp sends share to all time high:

Molycorp, Inc. (NYSE: MCP) today announced that its wholly owned subsidiary Molycorp Minerals, LLC (Molycorp) has completed the acquisition of a 90.023% controlling stake in AS Silmet, one of only two rare earth processing facilities in Europe, in a transaction valued at approximately $89 million. Molycorp acquired 80% of the outstanding shares of AS Silmet from AS Silmet Grupp, which will retain a 9.977% ownership interest going forward. Molycorp acquired the other 10.023% from Treibacher Industrie AG.

The acquisition provides Molycorp with its first European base of operations as well as doubles the company's current rare earth production capacity from approximately 3,000 tonnes per year of rare earth oxide (REO) equivalent to 6,000 tonnes. AS Silmet will immediately begin sourcing rare earth feed stocks for production of its products from Molycorp's Mountain Pass, California rare earth mine and processing facility, making it the first rare earth oxide and metal producer in Europe that is not dependent on rare earth materials sourced from China. As part of the transaction, the company also will change its name to AS Molycorp Silmet.
The facility's main focus will be on the production of rare earth oxides and metals -- including didymium metal, a critical component in the manufacture of neodymium-iron-boron permanent rare earth magnets -- from feed stocks supplied by Molycorp's Mountain Pass, California rare earth mine and processing facility. However, the transaction also expands Molycorp's manufacturing capabilities beyond rare earths into the production of the rare metals niobium and tantalum, which between them have a wide variety of uses in electronics, materials manufacture, optics, health care, chemical process equipment, power generation systems, aerospace, superconductive materials, and others. AS Silmet is one of the world's leading producers of pure niobium and tantalum metal.

AS Silmet's manufacturing operation, which employs approximately 550 workers, is located in Sillamäe, Estonia. The company currently sells products to customers in Europe, North and South America, Asia, Russia, and other previous Soviet Union countries.

[bangor] 04/4/2011 08:42

keya

Good find. If accurate REEs have a long way to go. I particularly liked:

Nick Curtis, chairman and chief executive officer of Lynas Corp... said:"China is going to turn into a net importer of rare earths over the next four to five years."

As they hold 95% already, imagine the effect. (Molycorp has surprised by being my best performer so far - I had expected more from the tiddlers. Tasman is my Scandinavian wildcard.)

[keya5000] 03/4/2011 08:18

bangor-----

[bangor] 30/3/2011 08:48

My REEs were up around 10% again yesterday (except for GWG). Has anybody found the catalyst for this?

[mikkydhu] 28/3/2011 22:02

A few months ago I mentioned a company called Pacific Wildcat Resources, V. PAW. At the time it didn't yet own a property in Kenya called Mrima Hill which is prospective for REEs, let alone have a resource conforming to an internationally recognised standard. Nevertheless, I thought it worth a mention because of very encouraging historical work at Mrima Hill.

Now PAW does own the majority of Mrima Hill and today they have announced their first set of drill results there. Still no recognized resource, but these results are worth looking at.

[bangor] 22/3/2011 15:10

China Rare Earth Prices Explode as Export Volumes Collapse

China's exports of rare earth metals burst through the $100,000-per-metric ton mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages.



MCP etc up nicely so far today.

[targetrighton] 17/3/2011 15:00

Yes, they have a favorable grade of 2.2% however their distribution is weighted to the light rare earth side which in the near future will not be in demand other than Nd and Pr.

[veldt] 14/3/2011 13:00

I see that Sierra Rutile (SRX) have recently released an RNS about their REE finds. Does anyone know anything about them? Their share price has been rising steadily today someone and I would be very grateful if anyone more knowledgeable than myself could comment on their prospects. They are, of course, being touted as the most brilliant company ever on their bulletin board but this board here seems to be the board for rational comment!
Thanks
Veldt.

[jimbowen30] 11/3/2011 21:51

Target thanks for sharing your GWG details forecasts. I look forward to studying them in depth. I think the stock could do with a higher profile - I've also started a thread on GEI as I'd like to hear more views on GWG: