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they are talking @ an agreement with other miners to separate their minerals for them. they state at the end that expansion of the plant was feasible!!! still think GE will be a buyer for the Ndo2 and dyo2.
3rd quarter financials after the bell yesterday
09/12/2014 @ 4:08PM
I copied the relevant section
like this part of the report
Industry Partnerships
Quest has begun discussions aimed toward establishing an industry partnership with rare earth separation/refining companies. Quest would acquire separation technology and the related intellectual property and the partner in return would assist in the process of building the separation facility at Bécancour. The PEA assumes that a separation plant is built at the same time as the metallurgical plant.
In the event that all of these potential plans are successfully executed, the initial Quest capital requirement could be reduced to just under $1 billion.
In addition, the development plan is sufficiently flexible to allow for expansion of production capacity to meet future rare earth supply demand.
low volume = down-day
how @ 8.56 decent volume for a change
IMHO - Quebec's gov't is also betting on Quest's Becancour plant to bring in manufactures that will use the rare earths produced by the plant. This will bring in much needed jobs to that underdeveloped area of Quebec!!
looking @ the Math the dilution maximum should be 36% from the June 4th price. market manipulators love their short term gains
read the article Quebec gov't will take a cover position of $2M if needed !!!
sent an email to Quest asking for results. Let's see how they respond
no all it means is they have not released the results as far as I can tell!!!
the dilution was announced on June 4th with a 30 day time limit !
trying to figure out what the status is ?
Anybody know how many shares have actually been sold during the 30 day allocation period ? volume on the TSX looks like @ 5M. That would be @ 30 % of the total allocated for sale
oh how I long for the over the counter days of 20% swings (qsurf)
QRM will be supplying 20% of the world's rare earth minerals by 2022. if u hold onto this stock it's sp should be in the $14 to $18 range by then. And if they can find buyers for some of the other chemicals like the hafnium and thorium; you could probably buy an island or at least a condo on one!!!
wonder how the $5M Canadian dilution is going on the TSX side - should know end of next week when the 30 day clock runs out!!!
from what I can see. it looks like @ 4M shares have been sold @ about $.35 that's @ $1.4 million Canadian. if this trend holds Quest will sell @ 2.1 M Canadian and have @ a $ .06 upside from the anticipated Dilution.
if we ever get the JV news we were told would happen in the 1st quarter by Inv Relations you might have to double your estimates!!!
they thought the gov't was going to supply cheap electrical power and the acid bake materials to them up north - maybe happening in @ 15 to 20 yrs from now!!! my problem is I believed them
used the opportunity to buy 4k more @ $.26 thus lowering my ASP
political tension put downward pressure on most markets except precious metals IMHO
not only that but stock n warrants not available in US
better volume today = +
the delays have left the market very disconcerted with QRM. do you hear me BOD!!!! When I first became a stockholder the product date was late 2015 early 2016. NOW 2020 if ever!!!!
Low volume generally only means a DOWN DAY !!!!
Still think GE will be a player with QRM
junior miners taking a relatively hard sell this morning !!
Who is closest to completion.
Avalon Rare Metal
Who has the best chance of getting money and government support?
Avalon Rare Metal
but they have their own set of problems
Northwest Territory
transport across lake only open two months a year
oxide plant -toiling agreement in France
not a big mine
no volume quess people r trying to evaluate the new PEA
When I first became a shareholder in 2009 I thought the 2016 production timeline was a little ambitious. now I hear production will commence in 2nd half of 2019. hope all the JV partners can wait!.
What we have to worry about the Chinese doing is backing the yuan with the stockpile of gold they have been accumulating and the eventual devaluation of the $.
I suspect they will have some news a week or 2 after the election !!!
the mine @ strange lake already has enough REE material to last over 100 yrs and Quest will be able to supply 20% of the worlds needs. the enriched zone alone will last over 20 yrs. Quest doesn't need more material; they need partners to get up and running!!!
I know u have a lot invested here (so do I). SP will be better by late summer keep the faith.
Annual Shareholder Meeting
anybody going to attend?
http://www.questrareminerals.com/pdfs/proxy_circular_2014.pdf
MM at it again
down to .55 at the bell by a 7k sale
uses for Quest's thorium
If your car was powered by thorium, you would never need to refuel it. The vehicle would burn out long before the chemical did. The thorium would last so long, in fact, it would probably outlive you.
That’s why a company called Laser Power Systems has created a concept for a thorium-powered car engine. The element is radioactive, and the team uses bits of it to build a laserbeam that heats water, produces steam, and powers an energy-producing turbine.
Thorium is one of the most dense materials on the planet. A small sample of it packs 20 million times more energy than a similarly-sized sample of coal, making it an ideal energy source.
The thing is, Dr. Charles Stevens, the CEO of Laser Power Systems, told Mashable that thorium engines won’t be in cars anytime soon.
“Cars are not our primary interest,” Stevens said. ”The automakers don’t want to buy them.”
He said too much of the automobile industry is focused on making money off of gas engines, and it will take at least a couple decades for thorium technology to be used enough in other industries that vehicle manufacturers will begin to consider revamping the way they think about engines.
“We’re building this to power the rest of the world,” Stevens said. He believes a thorium turbine about the size of an air conditioning unit could more provide cheap power for whole restaurants, hotels, office buildings, even small towns in areas of the world without electricity. At some point, thorium could power individual homes.
Stevens understands that people may be wary of Thorium because it is radioactive — but any such worry would be unfounded.
“The radiation that we develop off of one of these things can be shielded by a single sheet off of aluminum foil,” Stevens said.” ”You will get more radiation from one of those dental X-rays than this.”
I would say because there r no definitive numbers to be released. Quebec has 10B allocated in the budget for several projects there r no details. read the presentation from Feb which states that Quebec wants to support other industries that would partner with Quest EV's, Lighting, etc thus expanding the total workforce 5 to 6 times more than just Quest's
February 2014 Quest Presentation
http://www.questrareminerals.com/pdfs/QRM%20Corporate%20Presentation.pdf
profit taking by short timers
i'll be laughing to the bank after this baby is in production earning over $4 a share / yr
MMs' at it again now @ .50
not a member of investorintel thus they will not promote
my bet is after (Prospectors & Developers Association of Canada) conference in Toronto - March 2-5