Rare Metals Prices Surge As China Restricts Exports
Doesn't apply to Cobalt (JRVMF... winning another week of deferrals... not announced until only three days left) or "generic" REE yet at this point...
But, expect, given the nature of the drivers, that the risks might spread there, in time, too... probably only when events dictate... timelines imposing "short fuses" in risks of conflict, and "longer" fuses imposing limits in putting dormant or slow moving projects back on a fast track to relevance...
NMREF is not "generic" REE... but lots of terbium and dysprosium... high value heavies.
"Darrin Campbell, President of Namibia Critical Metals stated: "We are very pleased with the continued success of our development approach at Lofdal"... And, he's right in that it is working in delivering steady progress, while advancing the project entirely on others dime at very low cost to the company.
But... with news the progress from 12 years of effort is getting them "to the PEA stage"... it badly understates both what they have accomplished... and the value of the JOGMEC participation. The stock trades now at all time chart lows... at $0.022... maybe 10% below the low of $0.025 in late 2015? But, today... we're nearer market peaks than hitting the market lows, as back then ? It doesn't appear there's any dilution going on... and insiders own 70%... but a bit of dilution would at least drive an effort to win fair value for shares sold ?
Patience required, of course, long term, in the mining stocks... true by definition in pairing market function along with "buy low"... but JOGMEC seems solidly hard wired to meeting minimums in effort... that are likely to force them into making decisions reactively... and too late ?
Management... also not trying overly hard... since prior management retired... just letting it drift into sleep while JOGMEC drives the bus...
It will happen when it happens...
For now it seems the game is... "how low could it go" ? When will it bottom ? When will it be time to load up ? And, when will they finally be forced to make decisions ?
And, as with the other rare metals... when will the scarcity be made to matter... in a fickle market so wildly detached from any realistic ability to determine a valid fundamental valuation...
Buy on sale... not when shares are put on sale... but when "final clearance" discounts are set to expire...
Still hard to say when that is... when terbium might be made unobtainium next week ? |
