What are peoples thoughts for next week? Rare earth stocks were bought up big time late yesterday. I know KFM was on small volume but if you look at the volumes before the 30c days there were about 13m shares traded in the accumulation phase then about 8m traded in the subsequent sell down. I’m hoping the overall result is less shares available meaning a break through the 30’s is easier this time. I was surprised the order at 26.5 didn’t get sold into on the close so maybe a nice open on Monday. In the Ashburton Ann it states Rare earth rock chip samples and a new Rare earth exploration strategy are coming in Feb so that should keep things ticking over. I read Rats Rant and the writer was saying that he was surprised there wasn’t more of a “pop” on the Rare earths discovery Ann and good luck trying to take a decent position due to stock availability. Hopefully the perfect storm for the next few weeks
KFM Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
