Sunergy, Inc. (fka SNEY)

[mikeymgd]

Risk my point is already fact. Read the news and check REE pricing. Down 65 percent since SNEY began talking about it. Supply and demand will force it further down. Its simple logic.

Demand is down - fact
Pricing has crashed and going lower - fact
Huge new supply set to saturate the market - fact
Supposedly not enough supply from just China but yet for 3 years no shortages outside of a 3 day Japanese shortage do to embargo - fact
Molycorp expects to supply enough to make the us independent and will supply the largest REE country in the world. - fact
Lynas is sitting on second largest Land based REE deposit on the world. - fact

There is enough evidence to help understand the REE shortage issue is nearly over and Even Molycorp expects to produce processed material cheaper than China.


SNEY still has the gold, silver and platinum so there is still value in the concession bit he 8k per ton REE is down to about 3k per ton and likely to drop further. Sometimes it's more expensive to extract than the final sale price. I feel that is were their REE dredging is beginning to head.

If you don't agree fine but to say electronics need it so it must go up is nonsense.