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Rare Element Resources Ltd. Message Board

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  • barnardjohnthird barnardjohnthird Jun 23, 2011 2:21 PM Flag

    You know a market crash is coming when...

    Won't have earnings for a couple years? Try the end of the decade, if ever. They are nowhere close. And sorry, this stock is not valued based on anything other than hype, there is no legitimate business here and no reason it is trading at 1/10 the value of Molycorp other than "rare earths are hot now!!!!! To the Moon!!!" sentiment. This incorrect pricing will end sooner rather than later most likely.

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    • Right on. They are at least a couple of years form even applying for mining permits. Meantime, they will keep issuing more stock (diluting the bagholders) and putting out puff PR pieces trying to spin their low-grade ore off as something actually worth anything.

 
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