the board is a disgrace - open letter, page-62

Hi

I dont have time and motivation to write more coz it is too negative for pek both the so and threads here, but for those who still support peak future but felt sad and worried, I thought I write what I knew.

The ree stocks in chinese stock exchange is soaring today due to the law has been excetud today for restricting the mining and separating of ree, 1/3 of mine close, 1/2 separting plants closed, promoting the merging of many small ree company, crack down ilegal mining and utilising the ree resources, in order to protect it's enviroment and ree reserve.

Last year, around 50000 tones of ree left China, but only 15000 roughly export legally, so you will know why the ree price drop so sharp and why Chinese government decide to develop a healthy ree market,

here are a couple reasons, chinese ree tonage has decreased by 37% by now and because the domestic market in china is so big, if no actions being taken, china will be net inporter of ree in the shortr future, i read several Chinese articles before come to work today quoting from foreign resources that china had to import ree by 2014, I will find that foreign source when I have time tomorrow morning Coz I had to work until 1am.

Also, for the sake of it's economy, a healthy ree market can assure high ree price and big bargin power with west countries.

Moreover, American had it's plan, buy cheap from China and sell damn high back to China, so Moly will never reach its full rate, same as lynas, so even the ed so called top 2 can not make up their own rate, how the 110000 tons of ree demand being over supply by 2014, you cant put some figures from 1 to100 and say, look, ree will ....by 2014, please, those who make the story and believe the story at least get some information about china, or go China by yourself, you will see by your own how Chinese addict to mobile, all electrical staffs....

Now, i am telling what i know and you guys think about carefully, we need a hand not step on the shoudler of others.