sydney morning herald: could be worth watching

Some promotion in the sydney morning herald
These guys seems to be in touch to the company. I return my mind to the last share placement. The smh reported the placement details before globe's asx announcement.

http://www.smh.com.au/business/mystery-stake-could-be-pivotal-in-bid-20101017-16p3p.html


The Chinese have been throwing their weight around in the rare earths market. Depending on who you believe, they either did or did not threaten to hold back rare earth supplies to Japan. And more recently, they have claimed their reserves are not as long lasting as the rest of the world assumes - an attempt to justify export restrictions despite its World Trade Organisation obligations.

Given that China accounts for 95 per cent of the rare earths market, it is little wonder that investors have been flocking to explorers/developers that have rare earth interests in their portfolio, knowing that the push to reduce reliance on Chinese supplies is on in earnest.

In this market, you don't have to look past the hefty market valuations of rare earth developers Lynas Corp and Arafura Resources to see how earnest it all is.

The explorers are doing all right too. The African specialist Globe Metals & Mining is a case in point.

It has risen from a 52-week low of 12 a share to 43.5 on Friday, thanks to its mix of an advanced niobium project in Malawi and some promising rare earths projects in that country and Mozambique.

The most advanced of its rare earths projects is the Machinga project where it is earning an 80 per cent interest. Results from a maiden drilling program are nearly due and, given the market's appetite for rare earths, they could be worth watching