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Wonder what the shorts are doing ?
On a DOW down day, +10% stands out
Daytraders sell and futurist buy them
713,000 traded in Canada. Twice normal volume.
KNDI - Article in Germany today -
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=de&tl=en&u=http%3A%2F%2Fwww.deraktionaer.de%2Faktien-weltweit%2Felektroautos-starten-durch--500-prozent-kurspotenzial-bis-2012-13958229.htm
Lots of shares purchased there. Anyway, it is nice to have 80% of your funds in CCME and KNDI today.
Well Zack - Put that on SA and it will make us feel a lot better.
KNDI - Think some fund liquididation is occurring due to the drop below $5. Short level is still low so I don't see any move until a PR. Actually tons of data on KNDI relative to the government support of EVs is presented on Yahoo but not many new investors read it or are aware these facts. They 'milk' a lot of data from the China web sites. Several posters are in China.
Basic facts are that the National Grid Corp. (a KNDI partner) is constructing battery EXCHANGE stations and KNDI uses that concept. Buy the car, lease the battery, and swap tham in 90 seconds at the exchange station. Their LiFePo4 car goes 200-230 Km and qualifies for an $8,800 government subsidy. Prior pricing for the two person car was ~ $10,000. Yes, who could not afford to buy one. Right now most production will be going to government agencies (postal and meter readers). The funds recently raised will go to automation of the plant for 100,000 annual production.
While data is availbale through posters on Yahoo, a company PR on orders fas not occured. That and the 10K is next.
Next event -
The Vancouver Resource Investment Conference - I see that Rare Earth is attending.
January 23-24, 2011 Booth # 1117
As we all know - Medallion and Rare Earth are JV partners on the Eden Rare-Earth Project and it's has been my understanding, from past experiences, that they are welcomed to have access to the REE booth.... so yes they will be there. That's what I saw last time.
Medallion's office is a mere 10 minutes away from the show as well...... and believe me a lot of promotion happens before, during and after HOURS with the brokers, news letter writers,exhibitor at the numerous social gatherings.
I suspect will see one or two NEWS RELEASE's prior to the show to set the stage.
I am betting it will have something to with Dr. Bill's tipping of the hat of new acquisitions that could see Medallion add producer of REE's to their portfolio !! And of course the anticipated 2011 exploration initiatives and plans for the year.
One shorter to another, "What did we do to ourselves and what do we do now?"
Think MS will announce support before the 10K or after?
Forgot. As an early filer, what is the CCME last date to file on time?
Well, only 73,231 AH today.
We still need that one hour a day on CNBC on 'Emerging Market Stocks' hosted by people that know about them. Don't know who that might be but some board members here surely qualify. Then they could hammer US stocks that have PEs of 15 and masquerade as growth stocks while many China stocks are 'true' growth stocks and have PEs of 5. The reason, IMO, that CNBC hammers China in every way is that they 'KNOW NOTHING ABOUT THEM' and use the excuse that the information is unavailable or too hard to obtain. What a reason to not do reasearch. It's too hard to do. I'd just rather talk about things I already know.
MLLOF - Key points from Dr. Bird -
Dr. Bird of MLLOF is a noted rare earth expert. Here are some key points from a recent interview. BTW, an uplist is expected soon. But as Jo Teng says, use your high risk money here.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudiulyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
KNDI -
The recent announcment of a LiFePo4 battery for the car caused a jump to $6.75. Then they announced a stock sale for $15M which I think will ne used to automate the production line for its 100,000 annual capacity. That caused a drop to $5.50, the offer price. Then a gradual drop and on Friday some heavy shorting. Now new announcamnts by the National Grid Corp. (a KNDI partner) has caused a rise and shorting has ended for now. This a long term hold for me as when a 100,000 capacity is met would result in $50+. Two years is a short wait for this in my opinion. Of course anyone can make a small EV but KNDI is ahead and has all of the government support. After all, it is the only road approved small EV in China now and subject to subsidies which results in a car for the consumer (private or government agencies) at ~ $3,000.
Note, as much as you might not believe it, Yahoo has the best board for KNDI.
KNDI - approved for global market NASDQ -
But, on Friday they seem to have become the new darling of a group of organized shorts. I'm so lucky that my top two are CCME and KNDI and also of the shorts.
Yep, just enough data leaked at the meeting (or buying throught the buyback money) to scare the heck out of the shorts as to what might happen on Monday. Seems they are taking the bait.
Nice comeback -
Sometimes we forget that there is $30M out there in a share buyback program to be used whenever it is directed.
Yep, that is true, we'll see.
As I have opined before -
When short interest gets greater than the float I wonder if our SEC might suspect some naked shorting. We might have to expalin it to them.
Did my best. Put MLLOF data on several top boards. Of couse thay said, "Our board is for stocks with earnings". That's nice. but they read it anyway. They know of the rare earth rage.
MMLOF -
http://tmx.quotemedia.com/company.php?qm_symbol=MDL
MDL.v Earnings none. Has a buyin option of 65% on the largest REE property, and as in the article, properties of its own. No one is close to production on rare earths. They are all a rollof the dice. MLLOF has some of the smartest guys in the room as a start.
MMLOF - Undiscovered rare earth stock?
From a Seeking Alpha interview with Dr. Bird. He is a most noted expert on rare earths.
http://seekingalpha.com/article/242518-expert-addresses-rare-earth-element-supply-hysteria?source=yahoo
His comment on future needs of rare earths:
TGR: That doesn't even consider the REE supplies required for the growing mass-production consumer industries or new technologies.
BB: That's true. Significant new inventions have come out, but they're awaiting conversion to consumer goods. My favorite is magnetic refrigeration and heating. Companies are developing air conditioners that use magnets. The equipment, which uses one-tenth the power of a standard air-conditioning unit, has fewer moving parts so it also requires much less maintenance.
TGR: With all the emerging economies in the world today, there's almost an insatiable desire for goods that improve the standard of living.
BB: Absolutely. Every office building in North America or Europe will require one of these air-conditioning units because energy is getting very expensive. If you can save half the energy by putting in a new kind of air-conditioning unit, people are going to do it.
There are also smaller versions of the magnetic refrigeration unit that power a standard home refrigerator. They're about the size of a soda can. Again, much less maintenance and much less power is required. Once these kinds of inventions are being mass-produced for consumers, the supply issue for the rare earth elements will be even greater.
His comment on current supply possibilities with major companies:
BB: Yes, there has been some discussion as to whether or not these two companies — Molycorp and Lynas — can satiate the market. That isn't going to happen; there won't be enough production from either one of those mines to supply all the world's needs. We're going to require more properties and more projects outside China going into production than just those two.
Molycorp has signed agreements to send half its production to Japan and to guarantee supplies to the giant Japanese trading company Sumitomo. Lynas also has promised significant production to Japan and Europe. These two companies may have their entire production presold before they get into production. And China is not relenting — it just raised its export taxes for neodymium by 25%.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudiulyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
MMLOF - Undiscovered rare earth stock?
From a Seeking Alpha interview with Dr. Bird. He is a most noted expert on rare earths.
http://seekingalpha.com/article/242518-expert-addresses-rare-earth-element-supply-hysteria?source=yahoo
His comment on future needs of rare earths:
TGR: That doesn't even consider the REE supplies required for the growing mass-production consumer industries or new technologies.
BB: That's true. Significant new inventions have come out, but they're awaiting conversion to consumer goods. My favorite is magnetic refrigeration and heating. Companies are developing air conditioners that use magnets. The equipment, which uses one-tenth the power of a standard air-conditioning unit, has fewer moving parts so it also requires much less maintenance.
TGR: With all the emerging economies in the world today, there's almost an insatiable desire for goods that improve the standard of living.
BB: Absolutely. Every office building in North America or Europe will require one of these air-conditioning units because energy is getting very expensive. If you can save half the energy by putting in a new kind of air-conditioning unit, people are going to do it.
There are also smaller versions of the magnetic refrigeration unit that power a standard home refrigerator. They're about the size of a soda can. Again, much less maintenance and much less power is required. Once these kinds of inventions are being mass-produced for consumers, the supply issue for the rare earth elements will be even greater.
His comment on current supply possibilities with major companies:
BB: Yes, there has been some discussion as to whether or not these two companies — Molycorp and Lynas — can satiate the market. That isn't going to happen; there won't be enough production from either one of those mines to supply all the world's needs. We're going to require more properties and more projects outside China going into production than just those two.
Molycorp has signed agreements to send half its production to Japan and to guarantee supplies to the giant Japanese trading company Sumitomo. Lynas also has promised significant production to Japan and Europe. These two companies may have their entire production presold before they get into production. And China is not relenting — it just raised its export taxes for neodymium by 25%.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudiulyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
CCME - Are the shorts MAD? -
MAD as in you won last time but we will get you next time, or MAD as in crazy?
MLLOF Burp, did you get yours?
Note that you haven't already seen all of this -
Here it is again:
From a Seeking Alpha interview with Dr. Bird. He is a most noted expert on rare earths.
His comment on future needs of rare earths:
TGR: That doesn't even consider the REE supplies required for the growing mass-production consumer industries or new technologies.
BB: That's true. Significant new inventions have come out, but they're awaiting conversion to consumer goods. My favorite is magnetic refrigeration and heating. Companies are developing air conditioners that use magnets. The equipment, which uses one-tenth the power of a standard air-conditioning unit, has fewer moving parts so it also requires much less maintenance.
TGR: With all the emerging economies in the world today, there's almost an insatiable desire for goods that improve the standard of living.
BB: Absolutely. Every office building in North America or Europe will require one of these air-conditioning units because energy is getting very expensive. If you can save half the energy by putting in a new kind of air-conditioning unit, people are going to do it.
There are also smaller versions of the magnetic refrigeration unit that power a standard home refrigerator. They're about the size of a soda can. Again, much less maintenance and much less power is required. Once these kinds of inventions are being mass-produced for consumers, the supply issue for the rare earth elements will be even greater.
His comment on current supply possibilities with major companies:
BB: Yes, there has been some discussion as to whether or not these two companies — Molycorp and Lynas — can satiate the market. That isn't going to happen; there won't be enough production from either one of those mines to supply all the world's needs. We're going to require more properties and more projects outside China going into production than just those two.
Molycorp has signed agreements to send half its production to Japan and to guarantee supplies to the giant Japanese trading company Sumitomo. Lynas also has promised significant production to Japan and Europe. These two companies may have their entire production presold before they get into production. And China is not relenting — it just raised its export taxes for neodymium by 25%.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
MLLOF - From a SA interview with Dr. Bird -
MLLOF is no volume today due to Canada market holiday closure. So time to review some expert data provided by Dr. Bird.
From a Seeking Alpha interview with Dr. Bird. He is a most noted expert on rare earths.
His comment on future needs of rare earths:
TGR: That doesn't even consider the REE supplies required for the growing mass-production consumer industries or new technologies.
BB: That's true. Significant new inventions have come out, but they're awaiting conversion to consumer goods. My favorite is magnetic refrigeration and heating. Companies are developing air conditioners that use magnets. The equipment, which uses one-tenth the power of a standard air-conditioning unit, has fewer moving parts so it also requires much less maintenance.
TGR: With all the emerging economies in the world today, there's almost an insatiable desire for goods that improve the standard of living.
BB: Absolutely. Every office building in North America or Europe will require one of these air-conditioning units because energy is getting very expensive. If you can save half the energy by putting in a new kind of air-conditioning unit, people are going to do it.
There are also smaller versions of the magnetic refrigeration unit that power a standard home refrigerator. They're about the size of a soda can. Again, much less maintenance and much less power is required. Once these kinds of inventions are being mass-produced for consumers, the supply issue for the rare earth elements will be even greater.
His comment on current supply possibilities with major companies:
BB: Yes, there has been some discussion as to whether or not these two companies — Molycorp and Lynas — can satiate the market. That isn't going to happen; there won't be enough production from either one of those mines to supply all the world's needs. We're going to require more properties and more projects outside China going into production than just those two.
Molycorp has signed agreements to send half its production to Japan and to guarantee supplies to the giant Japanese trading company Sumitomo. Lynas also has promised significant production to Japan and Europe. These two companies may have their entire production presold before they get into production. And China is not relenting — it just raised its export taxes for neodymium by 25%.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties. Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
Interesting -
Note that Medallion is not even in this fund:
http://www.financialsense.com/sites/default/files/users/u155/images/2010/rare-earths.png
From the Dr. Bird interview -
In his interview, he points out the differences in the REE deposit types and their expense to bring to market. And then he says:
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
MLLOF.pk -
On Scottrade .544/.565 (vol 165k, vol. only up in last two days) and the MM is treating it gently with a low spread.
It's MDL.V on vnacouver
Rare Earth Production -
Just posted this on Burps site.
"Rare Earth Production -
Read Dr. Birds' article.
http://strategicmetalstocks.resourcestockdigest.com/rare_earth_metals/index.php?&content_id=183
Actually no one outside China produces any yet. The extraction is very expensice, depending on hard rock or clay deposits, and even non-China miners send it to China for extraction.
The chart on this post will help. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58215893
Rare Earth Production -
Read Dr. Birds' article. Actually no one outside China produces any yet. The extraction is very expensice, depending on hard rock or clay deposits, and even non-China miners send it to China for extraction.
The chart on this post will help.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58215893
MLLOF data -
JoTeng (now GlobalTrade) comment on MLLOF.
Medallion Resources and REE are partners on the mammoth Eden Lake Property. MLLOF.PK owns a 65% option on that tremendous project.
It is well known that REE is a prime takeover target.
It is the opinion of many that Medallion Resources will be taken out with REE in a massive deal because of the need to secure the Eden Lake Property.
In addition, many folks feel that Medallion Resources is worth between 12 and 15 dollars a share in any takeover.
Imo, MLLOF.PK is the number one rare earth stock to own right now as that possible takeover draws closer.
From an article by Dr. Bird
Medallion Resources CEO Dr. William Bird is the former CEO of REE.
He put that rare earth mega-company on the map and then founded MLLOF.PK.
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. (TSX.V:MDL). Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy.
TGR: That'll be interesting to watch. What about Medallion's existing assets?
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
Dr. William H. Bird holds a PhD in geology from the Colorado School of Mines is a registered professional geologist with more than 40 years of mining and corporate experience. He possesses a strong combination of business credentials and mineral-industry expertise. His practical and theoretical understanding of geology (most notably rare earth elements), mineralogy and metallurgy is recognized as exceptional. Since his early career as a mineralogy professor, Dr. Bird has pursued his long-standing interest in rare earth elements and their mineral occurrences around the world. In 2005, he became chief executive of Rare Element Resources, which owns the prominent Bear Lodge REE and gold property. Dr. Bird left Rare Element Resources at the end of 2007 to devote his energy and expertise to Medallion Resources, where he is working to build a top-tier rare earth exploration and development company.
Rare Earth Research -
Been consolidating some items from JoTeng on rare earths. Here is his take on MLLOF which he considers a 'fun stock' to own.
JoTeng (now GlobalTrade) comment on MLLOF.
Medallion Resources and REE are partners on the mammoth Eden Lake Property. MLLOF.PK owns a 65% option on that tremendous project.
It is well known that REE is a prime takeover target.
It is the opinion of many that Medallion Resources will be taken out with REE in a massive deal because of the need to secure the Eden Lake Property.
In addition, many folks feel that Medallion Resources is worth between 12 and 15 dollars a share in any takeover.
Imo, MLLOF.PK is the number one rare earth stock to own right now as that possible takeover draws closer.
From an article by Dr. Bird
Medallion Resources CEO Dr. William Bird is the former CEO of REE.
He put that rare earth mega-company on the map and then founded MLLOF.PK.
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. (TSX.V:MDL). Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy.
TGR: That'll be interesting to watch. What about Medallion's existing assets?
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
Dr. William H. Bird holds a PhD in geology from the Colorado School of Mines is a registered professional geologist with more than 40 years of mining and corporate experience. He possesses a strong combination of business credentials and mineral-industry expertise. His practical and theoretical understanding of geology (most notably rare earth elements), mineralogy and metallurgy is recognized as exceptional. Since his early career as a mineralogy professor, Dr. Bird has pursued his long-standing interest in rare earth elements and their mineral occurrences around the world. In 2005, he became chief executive of Rare Element Resources, which owns the prominent Bear Lodge REE and gold property. Dr. Bird left Rare Element Resources at the end of 2007 to devote his energy and expertise to Medallion Resources, where he is working to build a top-tier rare earth exploration and development company.
JoTeng new name - GlobeTrade -
Can find him on Burps options site.
KNDI - Another SA article -
http://seekingalpha.com/instablog/556893-arthur-porcari/123666-100-1-shot-and-kandi-technologies-kndi-did-it-in-less-than-a-year
Article again by 'corstrat'. At least read it. This is my long term hold stock.
The jump last week was due to the announcment and government approval for the LiFePo4 battery version of the two seat car. The following drop was due to the dilution from the $15M stock placement. That money will be used to automate the plant for production of 100,000 cars per year earlier than the prior planned mid-2011 date. This is likely due, in my opinion, due to governemt agency orders which have not been announced.
KNDI - Another SA article -
http://seekingalpha.com/instablog/556893-arthur-porcari/123666-100-1-shot-and-kandi-technologies-kndi-did-it-in-less-than-a-year
Article again by 'corstrat'. At least read it. This is my long term hold stock.
The jump last week was due to the announcment and government approval for the LiFePo4 battery version of the two seat car. The following drop was due to the dilution from the $15M stock placement. That money will be used to automate the plant for production of 100,000 cars per year earlier than the prior planned mid-2011 date. This is likely due, in my opinion, due to governemt agency orders which have not been announced.
Almost looks like it was done by an Industrial Engineer.