Copied from a post in another rare earth stock
Very soon legislation will come into force in the EU where companies will have to provide lifecycle information on the magnets, which mostly starts in Myanmar mines.
there's a several reason China went for a stake in this company . The above is one issue that will come into effect.
the other is the quality and known quantities peak has to offer.
Lastly able to buy a large holding off market.
management brings MP up because they are trying to market the similar synergies that shenghe did and those benefits that entailed in the outcome the shareholders.
MP feed will eventually all stay in America for processing, so china will need a replacement feed and that's going to be Peak and probably others.
as a side note, there is some irony as in the past, newsflow has referenced peak buying a stake in MP when we had Rocky as CEO and MP was on life support.
The rare earth processing industry really is a small world though.
Copied from a post in another rare earth stockVery soon...
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $55.95M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 24.0¢ | 21.0¢ | $218.6K | 936.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40550 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 69257 | 3 |
View Market Depth
| Last trade - 14.53pm 05/09/2024 (20 minute delay) ? |
| PEK (ASX) Chart |