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Sorry: CNY is Chinese Yuan currency, not Canadian.
The quote for Neodymium was the Canadian dollar, I believe.
I personally wish to thank Randall Scott for the foresight that he had leading the company to seek the financial support and strength of a company such as General Atomics. In my opinion, if this mine with its rare earths is to be a success, it will come from this move. Notice how it was the DOE that corresponded and negotiated with GA. The only question might be since GA is a privately held company, how will that play in them being part of a public traded stock/company.(REEMF) Might they eventually buy us out? Today Neodymium was quoted as $1,110,000 per ton, up 6.22% today!
happy new year to all this is reemf year
The email notification that I received read as thought all requested shares had been "accepted", but the actual number of oversubscribed shares received was closer to 30% of the original shares held.
Merry Christmas to us! Just under 30% oversubscribed shares is what I received as well.
Lol….just checked and mine are there now on E*Trade…got about 30% of requested over subscribed
I requested 4,000 shares extra and received them all.
Thanks for the heads up. What % of your over subscription did you get?
Received all shares for my present holdings (1 for 1) plus 4,000 shares from over subscription request for my Schwab account. My TD Ameritrade account has not shown any assignment of any shares as of tonite. (12/23/21)
Still haven’t got the extra shares yet…at least not at E*Trade….my guess is RER is slow walking these over on purpose so this will count in next year vs this year!
It might be that the little investor has no choice but to be content with the crumbs! TMRC is 80% owned/controlled by one company (USA Rare Earth) whereas REEMF is 54.8% owned/controlled by another company, General Atomics. Hopefully enough crumbs will fall from the proverbial tables of these Corporate giants to sustain and nourish the little guy like you and me!
NOW WE KNOW WHY IT WAS 24CENTS GENERAL ATOMIC GOT TO BUY 10% OF THE CO FOR NOTHING
OK now us shareholders are own by Synchron is this a good thing or what. Looking for feedback.
Whoop whoop! Over subscribed including Synchron which now holds 54.8%
Well they are doing 100% dilution via shareholders so we can figure 51 million shares going to the majority holder and then over subscriptions by minority holders may take up a lot of that slack. Almost think they had the numbers figured out before the offer. Expect a successful funding announcement will be coming.
It's time for a reverse split 1 for 10 shares The reason why this is to get listed on NYSE to get more exposure to raise additional capital. I think it's impossible to get the capital needed to go forward . Just think of this math problem 25 million at.24 shares it will blow your mind away. Looking for feedback. I personally have a huge amount in rare element.
Just thinking human nature being what it is there may be some shorts dumping for a quick buck.
RER on its own probably would not make any significant progress. If this company is to be a real success it will come from its relationship with GA (General Atomics and its affiliate, Synchron). They are use to producing success and have experience dealing with the US government. Hopefully GA makes the big decisions and their connections with DOE and DOD will be the passport to the company's success and thus the individual investor! Give some credit to RER for hooking up with these companies.
Plus the price got so low to account for double share supply, but now everyone locked into their special rights offering so price can go back up. At these high rare earth prices we were over $4 not too long ago, so I figure we should settle over $2 at least…maybe a little lower in the interim if some unload some of their extra shares…IMO
Could there have been some short covering? Hope so!
No Idea on what caused this action, but I like it!!
Have accounts with TD Ameritrade and Schwab. Nothing done in Ameritrade acct. but in the Schwab account monies were take out of my cash for both the subscription rights and for the over subscription shares. They listed them as transactions. Does that mean will get shares for both subscription and over subscription shares? Don't know but time will tell.
I did…won’t know how many “extra” shares you get until after December 8th when everyone has submitted…will be prorated depending on demand
Anyone try to oversubscribe? Any insight on the rates if so?
The stock is down to adjust to the upcoming dilution from the special rights offering. There will be twice as many shares, so price should balance out somewhere roughly 1/2 of what it was before they announced
On cnbc.com the chart on reemf doesn't paint a pretty picture at all. Take a look the last 5 days of the ceo activity. Should we be alarm or it is normal I just don't. Look at insiders trading.
scott sells stock all the time at lower prices he sells stoch every nov
There are always Class Action Suit lawyers out there looking to protect the proverbial hen house. One would hope that that would be a deterrent for self-mismanagement dealings. At this time it's difficult to tell the direction of all the head winds. Since General Atomics (Synchron) is a privately held company and not public why would they choose this association with RER? Their support and stability should be a blessing! A tincture of time will answer all these questions.
I am in total agreement & it looks as though the process has already started…..or maybe he just wanted some quick Xmas cash? lol! 10k shares is not overly alarming, but bears watching insider trades…..REEMF is better off with Synchron than without I think……happy thanksgiving everybody!
Why Mr. Scott selling his stock in reemf with the advancement that has been made. The only reason that I come up with is reemf is going to be a take over target. Looking for feedback.
Insider trading = buy for 4 cents & sell for 90 cents?
Fidelity just started processing requests late this afternoon. Not sure much will happen prior to the December 8th deadline other than collecting all the requests. I could be wrong, but I don't think there is any advantage as to what day your request gets entered.
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Welcome to Rare Earth ResourcesRare Element Resources Ltd (RES: TSX.V/REE: AMEX) is a publicly traded company having 100% interest in the Bear Lodge property, which contains one of the largest disseminated rare-earth deposits in North America (US Geological Survey Professional Paper 1049D) as well as extensive gold occurrences.
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