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I'm with ya on that. I do own Lynas & Alkane, for better or worse, but as for heavies, I'm all QRM. ALKEF does have some heavies, but I don't see them as a serious player there.
"PATIENCE young grasshopper . . . " Yeah, I'm not sure how the rest of that quote goes, but you get the picture. You are a 21st Century Warren Buffet. You need not watch the price like you're waiting for the water to boil, because the value is there. It's in the ground. Eventually, one way or another, it will be realized. Then you will reap the benefits of having recognized that value while QRM was in its infancy. There is little question, at this point, that the value is there. So, as long as you're not day-trading it, it doesn't matter. If you can be patient, you have already won the game.
You're a lucky man. You own 1/59,000th of an outstanding organization, IMO
That, Rich, is my second theory. If this squashing of the price is all just part of a healthy, overriding correction, then that makes this week number 3. ....& THAT means we're likely looking at an additional 2 to 3 weeks of correction before we see any real strength. That's not the market I'd chose for my new listing.
Anybody know, off hand, who did MCP's M&A work on the Stilmet deal?
I've got 2 theories Oz; last-minute negotiations is number 1.
Everyone is very quiet today . . . . Everybody out enjoying the sun?
I've seen the 40-F filing, but has anyone seen that it has definitely been approved?
Yeah Oz, You are right. He said "...weeks..."
Really?! That is quite telling of something, to be sure. That's a HUGE change from what we were experiencing.
Hey team! Sorry for my absence. Been a little crazy the last week or so.
b b b b BIG day for the "SURFster"! ...Keep 'em comin'!
..... Rock ON little buddy!!
this is the latest from IR regarding the meeting tomorrow...
"Quest is not holding a webcast or call for the Annual Shareholders meeting – the meeting will be held tomorrow Wednesday April 20th at 10am in the Holland Room of the National Club located at 303 Bay St."
You are correct, as usual, Crusader. I got a reply from your friend at IR ealier this evening. She confirmed for me that this is the regular Annual Meeting and as you stated, they are commonly referred to as "Special Meeting" if there are resolutions to be adopted; voting on E&Y as the auditor for example.
She is going to get back to me and let me know whether or not the meeting will be available either via a webcast or conference call. I'll keep you posted on that. Odd that none of this is listed on their website.
P.S.
I don't think she goes home or sleeps. I sent her the email at 8:52 PM. She replied at 9:09! 17 mins!
Seems almost like they're trying to put together a fully integrated RE supply chain, perhaps to position themselves as the "go to guys" in REs. Maybe that is their higher priority and they'll worry about deposits later. There are a bunch out there after all, and the more dominant MCP becomes, the cheaper all of juniors should become.
Ditto! I'm already "all-in" unless I liquidate some other holdings. I wasn't feeling very inclined to do that last week. After today I'm even less apt to do that.
who guys Tom?
Good point regarding press releases etc. and the SEC. I hadn't thought of that.
....and thanks for the clarification on the timeframe for the listing. I remembered reading something about that, but wasn't sure where I had read it or whom had posted it.
I thought that the article on Scribd (in juxt's post #267) was great, but I was disappointed that I couldn't download it or even print it. What's up with that? Why would someone post anrticle like that, but then restrict peoples ability to utilize it? Anyone have any idea? It's not like it's a high value, copyrighted work or something.
I agree that humble does often lend a sense of trust and credibility, particularly in this case because their managment team is already well regarded in the industry for their ability to find jackpot deposits. I guess what I'm thinking though is that even great professionals in their given field, don't necessarily make good leaders and/or salespeople. I watched a webcast the other day of a small oil company's presentation at an investor conference and it wasn't very exciting to say the least. The content and information was good, but the CEO was very monotone and robot like. The flip-side of that is that humble combiined with outstanding performance works very well for Warren Buffet.
@Crusader: Didn't you have a date listed in one of your previous posts a couple of weeks ago or 10 days maybe? Not sure why, but I had it in my head that someone had told you it would likely be by today or early next week...
On another note, I don't think the market has anything priced into this stock. The gains we're seeing this week really aren't out of line with what the rest of the sector is doing. Over the last 5 trading days REMX is up 27%, LYC/LYSCF 39.3%, REE 40.5%, AVL 43.8%, QRM/QSURF 56.2% and ALKEF 96.3% and volume is up, but not crazy. The big hiccup on Monday traded 500K shares, but otherwise it's basically trading 250K shares/day. Granted that's nearly double its historical levels, but it's not anything crazy. Seems to me that the whole sector is moving, and on basically no news that I am aware of. Certainly there has't been anything incredibly earth-shattering in the space.
Also, I never hear their name in the news. Occasionally they get the nod with a brief mentionin an article. I've found very little discussion about QSURF on other boards. It's like Quest is an ugly stepchild in the sector. People are jabbering about MCP and AVL non-stop. It just amazes me really. AVL is significantly further from production of an inferior product and has less of it, but people can't shut their mouths about the company. Sometimes I feel like I must be an idiot and I'm overlooking SOO obvious that everyone else is seeing... but I never find that something!
SO, I've decided that this PR firm that we (we "the Q team") has hired needs to get off of their can and build some buzz out there. Maybe they're just waiting for the announcment of the AMEX listing, but why would you want to do that? Does anyone know, is Cashin a charismatic, personable guy? The kind that you would want to tbe the face of your public company?
I'm definately with you on that! Should be a fun week!
Why'd you change your pic? I liked the old one.
By the way, I checked out your buddy Mr. Kaiser, as you suggested in an earlier post. He really is very knowledgable! You're right about that! Loads of good stuff on that site. Thanks for the tip! Have a great weekend!
Point well taken Crusader. I probably should have qualified that statement by saying "given that there is inherent risk in all stock investments, and assuming that one is willing to take that risk, I really don't see any realistic downside."
I agree that the market has gotten somewhat more particular about which REEs are favorable to invest in. ...and there is a possibility that AVL's market cap comes down before the uplisting. But the reality is that the only hard assets that any of the REEs have are their deposits, equipment and cash, because to the best of my knowledge, none of them are producing any REO for the marketplace at this point. That said, they are all "speculative" companies based only on what we know about the current trend for supply. As such, the best I can figure is that they are all being valued based on their deposits, cost profile and expected time to market; probably in that order as near as I can tell. IF I'm accurate in that assessment, than I don't see any reason that Q shouldn't bring a market cap higher than AVL. If deposits are the primary criteia, than Q has it over everyone. They have the heavys and they have the most of them, as far as I know. That's what steared me in their direction to begin with, long before any public discussion of any other listing. They are further from bringing their product to market, and that's a variable I'm not very excited about. None-the-less, they have what everyone else wants. Might that change? Absolutely! ...but I don't see it happening anytime soon.
The only caveat to that might be if MCP does find another LARGE, high-content deposit or they found a better buyout target. But I've been looking pretty hard for that myself. If I find it, I'll be on it! ...and I'll be sure to let you know.
For me, the uplist is definately a bonus! ...but I don't anticipate taking any profits for some time. There is just TOO much critically important technology based on this stuff for it not to be worth a pile of $$ and I don't foresee China reversing or even easing their policies in the future. Have you been watching the spot prices?
I've been in several times over the past few months, but just can't bring myself to ever get out. I just can't find any realistic downside to the stock, so what do you gain by taking profits? ...an increased tax rate?! I've been toying with the idea of getting in deeper over the past couple of days but my price target was hi $8s so I was a little gun shy. But this talk of a $14 target has me thinking I probably have to do it!
@Crusader: You are absolutely right about talk being cheap! However, I've read a couple of other analysts with the same idea of Q's market cap being at least equal to that of AVL, for a number of reasons. With a concensus building on those thoughts, AND that the idea seems very reasonable IMO, I think I'm buying it. How terrible would it be if you bought @ $7.20 and it only hit $12?