I sense that there is a "dump and then pump" implied tactic here with certain postings concerning RMR, which is of course the opposite of "pump and dump" tactic of buying and selling applied to BDI the last few weeks seeing it rose from 1.8c to 3.7c and then back to now at 2.6c with the prospect of returning to under 2c and further beneath within the next few weeks itself.
I know some of us here are anxious to get hold of millions RMR shares at 1c or less because we understand what a large deposit of found REES hold for the future and fear we may have to wait for all eternity or hell to freeze over for that to happen unless we get it before RMR JORC report is out but really, to play with fear on others and try to coerce those poor buggers who might have brought RMR shares recently and "prematurely" into downward selling frenzy is a bit of a dirty pool.
However, in perspective, if RMR decided to proceed increasing ownership of it Greenland project all the way to 90% from current 51%, RMR issued shares will quite definitely dilute from current stated of 546,836,529 to anywhere in the range vicinity of 1,000,000,000 to 1,500,000,000 as reported by themselves.
Captain Obvious subjectively told me what will make or break RMR depends on two main factors.
1. JORCE report which is some 6 months down the road. Be it of one inferred or contained, will it be a figure anywhere near that of GGG's 4,570,000t Contained or miraculously more?
2. The Greenland government radioactive mining law. Will they at least bend it around enough to allow REEs mining for RMR.
If it should even find just half of GGG's and/or getting the green light from Greenland to mine, I think it is safe to say the market will be warming up to RMR sending it sp anywhere between 20c to 60c.
Meanwhile,for the next 6 silent snowy months up north, what can RMR come up to possibly positively announce? They found lotsa diamonds from where they were trying to dig gold??? :-) The found some centuries old preserved unhatched dinosaurs eggs... oh wait.... one of them is ticking......and when it stop, it cracked, out popped a fortune cookie.. and what does the cookie fortune slip say...... Made In China! Ha!
(The Fate Of REEs..)
Worldwide demand for rare-earth elements has been growing. In 2010 demand was 125,000 tons; by 2015, it is expected to grow to 225,000 tons, and Molycorp spokesman Jim Sims notes that this projection does not include the wind-turbine industry, which is expected to be a major market. State-of-the-art wind turbines like those that will be installed at the world's largest wind farm, an 845-megawatt facility in Oregon, use high-efficiency rare-earth magnets. They can be 10 times lighter and smaller than comparable magnets but equally strong. Each of these magnets requires a ton of rare earths, Sims says.
Remember, in India of 1.3 billion people, 1 billion are still waiting to have a mobile phone which rechargeable cell phone batteries need some kind of REE to work. Add another 500 millions from China and the 100s of millions from really sick poor third worlds of Africa and other part of Asia.
They poors and sicks will always be with us but they will have their poor mobile by the millions with each passing day..
This is just batteries for mobile phone alone, start adding other everyday REE related appliances that we are taking for granted because China kept us in a dream state till recently. Now you see demand is ever on the marching rise and long term supply is looking bleak and why REEs will be depleted, if replacement technology is not found, maybe before oil does.
(The Fate Of RMR..)
Will 2011 be the year RMR RAM UP or RAMSHACKLED, THAT IS THE $1 QUESTION!
Goodnight everyone!!
RMR Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
