Pele Mountain Resources Inc. (fka TSXV:GEM)

[Until2020, formerly Until2017]

$GOLDF —— reason for VOLUME expansion in the last week


THIS IS THE REASON :

Investors ( real investors and not flippers ) are excited by this company mentioned in the Press Release. ........ EXCERPT BELOW :


http://www.otcmarkets.com/stock/GOLDF/news/Pele-Mountain-Executes-MOU-with-Major-Chinese-Rare-Earth-Player-to-Pursue-Opportunities-of-Developing-Rare-Earth-Processing-Facilities-in-Elliot-Lake?id=100655&b=y

Pele Mountain Executes MOU with Major Chinese Rare Earth Player to Pursue Opportunities of Developing Rare Earth Processing Facilities in Elliot Lake
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TORONTO, ONTARIO--(Marketwired - Mar 30, 2015) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) (OTCQX:GOLDF) ("Pele" or the "Company") announced today that it has entered into a Memorandum of Understanding ("MOU") with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd., ("SKN") to jointly pursue the opportunity of developing rare earth processing facilities at Pele's Eco Ridge property in Elliot Lake, Ontario (the "Eco Ridge Property").
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SKN is a foreign investment platform, and 90-percent owned subsidiary, of Shenghe Resources Holding Co. Ltd., ("Shenghe") (SH 600392), a global leader in rare earth mining, processing and downstream chain. SKN & Shenghe possess proprietary technologies for environmentally sustainable, low cost, rare earth processing and have the expertise and experience to design, build, and operate rare earth processing facilities.
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The MOU sets out the terms under which Pele and SKN (the "Parties") will work together, subject to the approval from relevant Chinese and Canadian government authorities, on an exclusive basis within Canada, to negotiate a definitive agreement (the "Definitive Agreement") to establish a joint venture for the sustainable development and operation of a state-of-the-art monazite processing facility and downstream value added rare earth processing facilities, to be located on Pele's Eco Ridge Property. (Neither party shall be under any restriction with respect to carrying on such business outside Canada.)
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<<<< End of Excerpt >>>>


Let me repeat that I am 100% convinced that this is the reason for the massive volume in the last week. ......... MASSIVE, when compared to the preceding months average volume.

I have begun researching this company. Here is an overview :

About SKN & Shenghe
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Sheng Kang Ning (Shanghai) Mining Investment Co., Ltd. ("SKN") is a mining investment company registered in China (Shanghai) Pilot Free Trade Zonen+îfocusing on worldwide mining investment and financing, mining consultancy, geological exploration and mining development. SKN is 90% held by Shenghe Resources Holding Co., Ltd. ("Shenghe"), serving as its investment platform and technical consulting center.
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Shenghe is a fully integrated rare earth production company, listed on Shanghai Stock Exchange (600392.SH), focusing on rare earth mining, beneficiation, metallurgy, separation, downstream processing and marketing. As a leading rare earth player, Shenghe is actively looking for cooperation opportunities all over the world by means of technical assistance, equity investment, off-take arrangement etc.
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Shares Outstanding: 179,081,549

<<<<<< End of overview >>>>>>


Above is just an overview. ......... My research is taking me much deeper than that. ......... Here is where it is taking me . . . . . Shenghe is a major successful and legitimate player in the Rare Earth space. ......... Which brings instant name recognition and legitimacy of PELE's move into this space.


THIS IS SIGNIFICANT and it is precisely what is driving the GOLDF volume in the last week.


TO BE CLEAR, Shenghe is a vertically integrated player in this space, and the JV ultimately succeed based on the experience and world-class operational ability that SHENGHE brings to this Joint Venture.

Next post I will discuss some of Shenghe's projects . . . . and flesh out the company with much more detail . ......... Enough typing for one post.


REPEATING ONE FINAL TIME : ......... GOLDF investors are very excited by the power and experience that SHENGHE brings to the Joint Venture. ......... Success is 99% assured, IMO.......... And I am 100% convinced of that !


GLTA



Until2017