Since we can post pretty much anything here, posting how many shares is meaningless. Suffice to say it's a modest position.
A few years ago, China, with its near monopoly put a squeeze on supply by restricting exports which sent many modern tech raw materials like lithium and ree's skyward. Apparently they didn't expect the new wave of exploration and startup resource companies that that would trigger. Now, China has reversed its prior move and seems to be dumping which has depressed market prices. Everybody inthe investment community pretty much hates this sector which, some would say, makes it a good time to start easing in. After all, China inc. can't keep selling at a loss to supress competition, forever. They need these materials themselves, so may decide to start keeping more of them again. Or, in some cases, Chinese companies are seeking strategic partnerships with emerging producers.
Rodinia management seems all right in that they have made some moves to conserve capital and went the warrant route on financing, which is not immediately dilutive. So. Good. But the warrants have had the effect of establishing the share price at arounf 0.05 for now.
They still have a certain amount of construction and deal making to do, though I believe they already did some pilot production. The potash might seen like a drawback but it is a saleable product and like some of the other better startups it is a good factor to sustain them until the lithium market improves. Lithium demand will increase and China will likely settle down, eventually.
SO it will probably take a year or two before Rodinia gets going good. They seem to have pretty good prospects but it is after all, a speculative investment.
