Club Mulgoa

Wednesday, December 29, 2010

ORMO

http://imagesignal.comsec.com.au/asxdata/20101027/pdf/01113107.pdf

I must be reading very superficially or with ignorance. Yesterday, all well-known REE miners/explorers bolted because China is playing bad boy with her REE again. GGG went up by >12%. But ORMO went down. Why is the market pricing one lot up and another down? Inshallah!

The best thing about ORM's prospective REE deposit is heavy REE. The Japs, Koreans, Germans and USA will be scouring around the globe for more reliable supply.

Note that GBE went up too but it has been falling. Why? Again, I must be superficial or ignorant.

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