Fund Manager's arrogance

A fund manager was quoted in the papers this AM as saying that investors are taking pure risk by investing in small resource companies. Lynas Corp was highlighted as jumping up in share price for nothing. Nothing? I don't think the manager was reading the business news. Chinese has curtailed export of its REE and refused to sell any to Japan. Americans are looking at REE as a strategic minerals and need alternative source. Lynas is going to be producing soon from a plant in Malaysia fed by the world richest REE deposit in WA.

And what is the risk if minerals are discovered if the price of minerals have not plunged? Oil is steadily moving up while gold has escalated. If these are risks, then all companies are at risk, including major industrials. The newspaper highlighted the poor performance of the market in general relative to the small resource stocks. Fund managers are not happy!