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Agreed!
Lol….just checked and mine are there now on E*Trade…got about 30% of requested over subscribed
Thanks for the heads up. What % of your over subscription did you get?
Still haven’t got the extra shares yet…at least not at E*Trade….my guess is RER is slow walking these over on purpose so this will count in next year vs this year!
Whoop whoop! Over subscribed including Synchron which now holds 54.8%
Plus the price got so low to account for double share supply, but now everyone locked into their special rights offering so price can go back up. At these high rare earth prices we were over $4 not too long ago, so I figure we should settle over $2 at least…maybe a little lower in the interim if some unload some of their extra shares…IMO
I did…won’t know how many “extra” shares you get until after December 8th when everyone has submitted…will be prorated depending on demand
The stock is down to adjust to the upcoming dilution from the special rights offering. There will be twice as many shares, so price should balance out somewhere roughly 1/2 of what it was before they announced
I took 100% and even over subscribed. I’m all in…easy choice
There was nothing mentioned about lock up period that I saw. I just completed mine with E*TRADE and no issues. Some may dump some after December 8, but most here have been long term investors I believe and rare earth has been on fire. Just give it a few days after December 8 and we should be good. IMO. The other option would have been for these to have been given to large investor immediately diluting with no benefit to the common share holder. I like they way they handled it.
My special rights offering showed up this morning on E*TRADE
Not as of today at E*TRADE
Just as an FYI…my shares are with E*TRADE brokerage and I just spoke with them….they should receive rights offering within about 3 business days, then can start the process….so it is possible right through your brokerage. I assume all probably have a little different process
Need to get that special rights offering completed so we can take advantage of the market right now….I’m sure many investors side lines waiting for it to be completed
Rare Element Resources provides update on process for potential rights offering
by Rare Element Resources | Oct 25, 2021
October 25, 2021 – Littleton, Colorado – Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to provide an update regarding the pending launch of the previously announced rights offering to raise up to approximately US$25 million in gross proceeds. Consistent with the terms set forth in the news release issued by the Company on October 5, 2021, each holder of the Company’s common shares as of the close of business on the record date of October 19, 2021 will have an opportunity to participate in the rights offering.
The Company has not yet launched the rights offering as it is working to fulfill state securities regulatory requirements in connection with the offering and will provide further information in due course regarding the terms of the offering, including the commencement date and the period of time that shareholders will have to exercise their subscription rights to participate in the offering.
Full document available on company website
U.S. needs more mines to boost rare earths supply chain, Pentagon says <BR>https://invst.ly/wcq9s <BR>Investing.com
U.S. needs more mines to boost rare earths supply chain, Pentagon says
OCTOBER 20, 2021
There was a big spike in rare earth at that time as China threatened to withhold.
That would be nice, but my understanding is they will effectively be doubling the amount of shares, so based on the current price of $2.49 would put a Wednesday open of $1.25. I would be happy to see $1.75 though!
From what I’ve read you have to call your broker to complete the transaction since OTC
So basically we all need to buy our subscription amount in order to keep from being diluted…smart tactic
Just saw this on their site from yesterday
Rare Element Resources announces finalization of the Department of Energy $21.9M financial award
Got some volume right out of the gate this morning
Finally getting some positive price action. Anybody see any news?
I make the observation only as we followed REMX up in February, but not this time
REMX breaking out….REEMF not following….yet
Biden administration announces plans to strengthen critical supply chains