ian chalmers on ree market, page-23

Some serious signs (albeit ground root signs) of a real potential turn around in REE pricing this week including, China giving authorities the power to hand down death penalties for serious environmental polluters, Ganzhou province crackdown on supply of illegal REE concentrates and suppliers holding off on sales for terbium, praseodymium/neodymium and dysprosium due to increasing prices.

As far as the spot price of REE is concerned, if it begins to rise it will have a major positive impact on the share price which technically showed some signs of strength on Fridays trading bouncing quite convincingly off that 0.30c low (perhaps we have found the bottom). We would need to go back to May 2009 to match that price. It could be the case that all weak hands have left the building and only the long term believers remain. With positive news flow expected in the coming weeks maybe now is the time for us long term believers to dig deep.