Realizing that I've been a cheerleader for AREC for a long time... I wear some pretty rose colored glasses. I think there is significantly out higher ground ahead than $3 a share.
I would grant that there are some uncertainties with the political implications of a Biden administration and it's effect fossil fuels, but with AREC's recent branching out to recycling and Rare Earth Minerals, I think that risk is substantially mitigated.
Plus, I think there will be additional stimulus dollars used for the rebuilding of America's infrastructure. If that is the case metallurgical coal will certainly be in demand. With full production those numbers alone AREC will quickly surpass a hundred to two hundred million dollars in annual production (revenue).
If you add to that other revenue streams I think the sky is the limit.
So yes, if you're looking for shorter term profits think $3 will be tapped in relatively short order. With the initial announcement is the Rare Earth subsidiary we ran to $4.50... on that day I think the average purchase price the volume was like 30 million shares and average price paid per share was over $2.50.. which was also the level that round of financing was done at.
I see secondary financings like that as indications of what smart money expects the future stock price to be. In this instance smart money is not going for a 25% return on their investment but rather a 200% to 300%... which (if I'm correct) means their looking for $5-8... possible more.
Watch for opportunities with those you trust.
