Spotlight on American Rare Earths, page-2847

Yes this is the big watch for me too. We basically repeated the dose from the OTC trading Friday on the ASX today, sustained buying and whilst a few took profits throughout the session we finished well above VWAP.

Looks like they took profits late Friday but not a lot, and after todays action I think the OTC will keep chugging upwards.

Caveat - this one’s moved a lot more on media coverage in the past, this time too, than it has on actual market news. Thats not a rerate it’s just hype, it’s the same company with the same fundamentals that it was before it got the free exposure in the media. There will be speculation on a partnership or takeover too, and that will probably keep it on various watchlists for a while yet.

If they can get the finance cases together whilst riding this current wave it could be the perfect timing for a multi bag here.