I give this to you as a theory - say the move to 6 conglomerates...

I give this to you as a theory - say the move to 6 conglomerates in China is not about shoring up REE prices but to prevent illegal exports to Japan. The end game for the Chinese is actually end markets (magnets). So if that is the strategy there is only 1 player available to supply Japan - and value becomes what the replacemnment cost of the LYC mine and facilities is (and puts LYC in the frontline to shore up prices). Anyway don't think it is that but whatever China is doing has the market believe that REE are going up in line with China's move to capitalism etc and moving to keep its WTO commitments relating to rare earths etc. Anyway, good luck with your strategy but as an analology to me this is vultures flying to the carcass, so the SP is heading up I think. I am currently in signifiacnt profits so looks like I have a different strategy to you.