Rare Element Resources Ltd (REEMF)

[schnittke]

"...mention of the mAjority taking the co private". Where did you read that?

[wymont]

SEC annual report under news……….

[wyomingdude]

Where is this 95-page article found?

[littlezeke]

Thanks. I'll check it out.

[wymont]

Quote:……” The company has sufficient resources to complete “………..

[Garbone]

The annual report.

In the intro letter there is a mention of the mAjority taking the co private, so that is a thing..I still have not sat down to really read it.

[littlezeke]

What 95 pages are you talking about?

[Garbone]

Anyone digest the 95 pages yet? I have will have to set aside some time to dig into it .

[wymont]

Yes, time will tell!

[wyomingdude]

General Atomics does billions of dollars of work for the Defense Dept. and I don's see them not performing for even smaller projects such as RER. They also have been booted out of China, somewhat, and yet they need rare earth elements for their projects. Just wonder, if Trump wins, he has stated he would curtail many of the green energy projects. Maybe he will be more sensitive to big oil and to his Middle East buddies. Time always answers all of our questions.

[wymont]

How true………what’s your guess?

[wyomingdude]

It might be easier to know what to do in the trading of this stock if one knew what General Atomics' ultimate goal might be!

[wymont]

I suspect that recent trading reflects brokers paper trading……….Grab shares while you can……..

[wymont]

On Schedule and on budget………impressive actual performance………On point!

[littlezeke]

UPDATE! https://mail.google.com/mail/u/1/#inbox/FMfcgzQVxRGFJnbCxpbhPCXVJsrLRbKm

[wymont]

I’ve never understood the “sell at a loss” strategy……….

[wymont]

Will do!

[littlezeke]

Keep us informed on the plant if it is not too much trouble. I'll be buying more shares next month and then holding for at least another year. Around 100, 000 shares.

[wymont]

After seeing the demo plant firsthand it’s confusing that at this humble level of trading, that we see continued aggressive short trading………results of an oversold split?……..GA shaking out the 30%?……..I hope we see the teens again………I’m buying……..good luck all!

[wymont]

Agree completely!

[littlezeke]

Good to hear. People tend to forget all the processing patents REEMF own. That could add tremendous value down the road for expansion.

[wymont]

I visited the demonstration plant today…….looks like a world class startup to me………. I was surprised at how much work has gotten done this year!

[wymont]

Great post…….thanks

[wyomingdude]

"China announced a new round of sanctions on Thursday targeting subsidiaries of the U.S. military contractors General Atomics and General Dynamics for their part in arming Taiwan. The latest measures ban the senior executives of General Atomics Aeronautical Systems and General Dynamics Land Systems from entering China, and freezes company assets in the country, according to a Chinese Foreign Ministry statement carried by state media." Newsweek, April 12, 2024. (Hope this stimulates General Atomics to get completely self-sufficient in their need for rare earth elements.)

[wyomingdude]

This awakening of the stock is welcomed! Is it possibly associated with the tariffs threat that US is applying to China and the possibility of them using their rare earths as a weapon in retaliation? That has happened in the past and look at the price of the stocks of rare earths at that time. When will US get independent in something so vital and produce our own resources?

[wymont]

Anyone been to Upton lately?…….see any action?

[Garbone]

My shares finally showed up. Wonder if the price stays firm today.

[wymont]

Two place’s works for me!….lol!

[wyomingdude]

We need the decimal point moved one or two places after that 0.12! Why not wish for the moon?

[wymont]

I’m just happy that we’re above 12 cents!

[wymont]

Not a mathematician………..lol

[wymont]

So, like……..what’s the surprise?

[wyomingdude]

Since Synchron owns 70.6% of shares, (I figured only 70%) that would make us little folks owning only 150,223,387. Doesn't make a big, big difference. We are still a minority. Mathematicians where are you?

[wyomingdude]

IF my math is correct, it looks like Synchron holds 360,740,516 shares and the remaining 154,608,078 shares are owned by us little folks!

[Garbone]

Possibly one more offering to bring their ownership closer to 80%? The question is does leaving this publicly traded give the company a mechanism to help ensure a positive regulatory environment? How much would projected output exceed the company's projected internal needs and would it be in their legal best interest to sell directly to their competition?

Lots of questions.

[wyomingdude]

Be Happy with 5.

[wymont]

Once the pilot plant proves the refining process is viable at increased volumes, whatever the share price is at that time…….my best guess is 7 to 10 ………any other guesses out there?

[smartbrain2018]

Any thoughts on the price if they take it private as GA is not a public traded company?

[wyomingdude]

The Advantages: SEC not looking over your shoulder, discontent shareholders, legal action from investors and running your business with less interference! Need more?

[wymont]

That’s the prevailing model for GA subsidiaries ……….all shares will have the same value……….

[smartbrain2018]

what is the advantage of taking this private?

[wyomingdude]

Will the day come when Synchron (General Atomics) will desire to take company private as they are? If so, what might the 30% shares they do not own be worth? Lots of questions. As a big defense company and into magnets, it seems reasonable!

[dig it]

They must have a high level of confidence in the company, technology and future commercialization.

[smartbrain2018]

Now Synchron will own approximately 70.6% of the issued and outstanding common shares of the Company. https://www.rareelementresources.com/investor-information/news-releases/2024/03/12/rare-element-resources-announces-results-of-oversubscribed-rights-offering-of-common-shares

[wymont]

E*Trade told me last week………..should settle by the 20th……..

[smartbrain2018]

Probably you need to wait a day or two to see the allotted shares in your account..

[Garbone]

Still nothing. Curious if my brokerage did a boboo.

[wymont]

Thanks again Dude…….very good read…….

[wyomingdude]

https://wyofile.com/high-hopes-or-hype-for-rare-earth-mining-in-wyoming/?utm_source=WyoFile&utm_campaign=bc3e7a2e56-EMAIL_CAMPAIGN_2024_03_06_01_07&utm_medium=email&utm_term=0_-bc3e7a2e56-%5BLIST_EMAIL_ID%5D

[wymont]

But they told me March 6…….so far so good……