daytrades march 1 morning ..., page-195

  1. 32,651 Posts.
    NTU. YT, interesting "Down Under Report" on NTU thread, at top.

    Extract: "The rush into the stock was due not just to the HREE factor - although that was important - but by the confidence generated after Lynas Corp (ASX:LYC) took 8 per cent of the company and China-connected investor Conglin Yue bought 17 per cent. A London-based group, Geiger Counter, is No.3 on the register with 6 per cent. A further confidence booster is that rare earth expert Dudley Kingsnorth has allowed his name to be associated with the company by being named as a consultant.

    The details of the REE composition are based on 16 rock chip samples taken from the Browns Range area, which lies west of the Northern Territory border. That, rightly, is seen as very preliminary and an indication of hope rather than expectation. But, subsequent to that, Northern Minerals has collected 2000 samples and Bauk is no less confident regarding his project."
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