GBE

Nothing much doing whenever this company announced a good drilling result. And that has been cumulative. But suddenly, after it gave its latest announcement during a trading halt, the share price lifted. I am still under-water with this stock. That would not be the case now... unless world market sentiment changes.

The rare earth uncovered is the type that the market pays a premium for. Yet, you cannot sell the stuff unless you spend a lot of money to process it. Only China has the large manufacturing capacity at the moment so she controls the world market. Lynas is still behind with its construction and is ARU in South Australia.

My spare cash in my super fund will be used towards the end of the fiscal year to start paying our pension! That means GBE has to wait. I hope that in time, investors will forget its good result and the share price will drift down for me to top up. But I think when you next blink, you will find an Indian, Japanese, Korean or Chinese company at the front door of GBE. The US government has listed REE as a strategic material. Well, not all but the critical ones like those for powerful magnets.

Em... the Chinese are already INSIDE the company and ECE is already the largest shareholder.