That's the article. I'm also looking forward to more details, but don't expect names next week. According to Kaiser the potential partners in general insist on strict confidentiality agreements in order to keep the price down while they consider the project.

See the current lead article at rare metal blog. Writer visited company and saw potential major strategic partners there also. (No names as yet.)

If it's all the same to you, I would prefer to not be watching those prices. In fact, I'm getting tired of watching the current price.

Dines

I can't take much more good news. QRM is now down 11% for the day. Yes, the sector as a whole is down, but not nearly this bad. What in the world is happening?

Equal share prices for AVL and QRM don't represent parity. AVL has almost 50% more fully filuted shares outstanding. Parity will be when Quest is 150% of AVL"s share price.

Why is the market acting negatively to Quest's news? The release looks good to me, but AVL is up this morning and Quest is down.

The news release just came out, but it doesn't say much about the update. I still need someone's help in figuring out whether the news is good or bad.

The web site has what appears to be an updated 43-101 report on it, dated as of May 25. Isn't this new? If it is, why no PR? Does anyone have the technical expertsie to read it and let us know whether the news is bad or good? I'm hoping it is good news, but the lack of PR worries me.

I agree. I didn't expect the effect of AMEX listing to be a lower price and lower volume, while Avalon goes up.

It's as if Quest is giving a party (get in now on a hot sctor that is hetting hotter), but no one is showing up. I know...patience....,but it is frustrating.

As of May 16 the short position had increased 100,000 from May 1. If they closed out last week, they are probably geniuses. If they are still holding short as the sector turns around and Quest gets listed, their thinking is too inscrutable for me fo figure out. I can't wait for Monday to see how the story develops. If I didn't have real money riding on it, I'd just sit back and enjoy it. On second thought, that's what I'll do anyway.

I don't think the pink sheets volume is as relevant as Toronto's. That was 969,000, way above average. Hopefully that represents about 1 million shares less that someone is willing to sell below $8. I'm ready for the squeeze.

QSURF isn't an ADR. An ADR is a separate security that typically bundles a number of foreign shares into a security that can be traded in US. For examole, there is an ADR for Lynas that represents 10 of the Australian shares. QSURF is simply the pink sheet designation for one share of stock in Quest. When you buy one QSURF you own exactly the same security as someone who bought one share of Quest on the Toronto exchange. When I buy shares of QSURF through my Schwab account the order is typically filled in Toronto because the volume there is so much bigger. Starting Monday, your account should automatically show shares in QRM instead of QSURF. Since the underlying share is still in a Canadian company, your US account will continue to give you the US$ equovalent of the Toronto Canadian $ amount.

Don't forget the close to 1 million share sold short. With most Canadians out of the market on Monday, there could be a shortage of sellers, leaving the shorts aqueeeeeeezed.

My email simply pointed out that the approval was now public information on EDGAR and asked why no company announcement. This isn't a question of "disclosure:; that train has already left the station. The question now is whrther the company is on board or still standing at the station.

Announcement of listing: has anyone asked company why there hasn't been any announcement? I sent email but have not received any reply.

Why in the world hasn't the Company annoounced it?

Several posters here seem to talk to IR. Has anyone asked about the recently reported insider sales by Cashin? They puzzle me.

Okay, thanks.

Did they really announce at the meeting that now they don't expect AMEX listing until May 15? I am a huge fan of Quest, but this is starting to be troubling. It was "early April", then "mid April", then the "end of April", and now its the middle of May? Are they having some problem?

A more exact comparison is fully diluted shares: 103 million for AVL compared to 70 million for Quest. That still produces a Quest price over $14 if its market cap catches up.

Quest has a short position of over 900,000 shares. This should make for some excitement if we are right and AMEX/new drilling results send this stock up. Personally, I can't imagine being short this stock.

I also think Quest should trade at least equal to Avalon. But to me "Trade Equally" means the market caps should be equal, not just the share price. On a fully diluted basis Avalon has over a third more shares than Quest. So trading equally means Quest's share price being at least one third higher than Avalon.

Why the change?

They announced the filing of an SEC form that is one more step to AMEX listing. Moving in right direction, but nothing earth shattering.

Also see Bloomberg article today that speculated MCP may want to buy a heavy REE company. Quest was one of the possibilities mentioned. I'd like to see Quest get its stock price up first, but I could live with a nice profit now.

I couldn't agree more. When they get AMEX listing I don't see why Quest's market cap shouldn't at least equal Avalon's. In terms of fully diluted shares (per the respective company websites) Quest has 70 million shares and Avalon has 104 million. For Quest's market cap to equal Avalon's, Quest share price would be 104/70, i.e. 148% of Avalon's. Avalon is trading today at $7.20, which would indicate a price for Quest of $10.65.

That assumes the market is right in its valuation of Avalon, which may or may not be true. However, it is certainly a nice number to think about.

Why in the world haven't they announced this on their website? It has been out since Feb 25.

Any guesses on reason company requested halt in its trading today?

The Dundee report wasn't retracted; the company's press release about it was retracted. The difference is subtle but significant. Dundee hasn't in any way backed off of its estimates. It is just that Canadian regulations restrict what a company can say.

Don't take this personally, but I hope you aren't filled.

Sorry for the repeat. Why is there such a long delay in a message appearing? I assume it didn't get entered and post again.

Should I be worried?

Should I be nervous?

Schwab shows 750,000 shares traded today. It is down $0.06 for the day. Schwab separately shows 56,000 shares traded, but that is just the actual US pink sheet trades. The price is driven by the trading on the Toronto ecxhange, which is where the 750,000 + shares are trading.

I guess the good news is that despite someone obviously dumping a lot of stock, there appears to be a floor a little over $0.50 where they are being snapped up.

Someone must have just dumped a few hunfred thousand shares. Any idea why? It dropped 12% in a minute or two.

As I said, I hope you are right. In the meantime I could use some education on the various "flavors" of OTC. I'm currently in TAXSF and QSURD. (Yes, I know QSURD is trying for AMEX listing.) Is MLLOF currently trading in the same market as these two, or in something "worse"?

I am hopeful also, but remember you are comparing an uplist to AMEX (REE and MCP) to an uplist to a better OTC. It's good news, but not earthshaking. What this stock needs is new solid information. In the Bird interview in Dec he said drill results would be in by the "end of the year". He also hinted repeatedly about a new acquisition. It's time to actually release hard news.

I replied once, but it never showed up. Here it is again. Fulp is at mercenarygeologist.com You can sign up for his emails free. Be aware that he generally just comments on companies that pay for his site, but he seems to have good "client acceptance" standards so his comments can be very useful.

Kaiser (kaiserbottomfish.com) is $800 per year, and well worth it in my opinion. You can try him out for a month at $100.

Fulp is at mercenarygeologist.com You can sign up for free. You should take him with a grain or two of salt, since he generally just comments on companies paying for his site, but he seems to have pretty good "client acceptance" standards and I have found him to be useful.

Kaiser is a paid service at kaiserbottomfish.com He is $800 per year and well worth it in my opinion. You can try him out for a month at $800.