Club Mulgoa

Wednesday, September 28, 2016

GGG

I more often than not, get it wrong!

GGG was topped up recently after I read that a Chinese company worth AUD$3 billion is buying stocks in it to get its hand of the REE deposit in Greenland.  With REE, you need to have a willing buyer, a keen developer (the extraction of REE is not cheap nor easy) and someone to share the cost with.

Market was not interested in that news and the share price has drifted lower!  Maybe, it is time for another top up if it stays down.

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