Theres a reason "Big Bear" 25 -28 mil shares short is holding the price down while allowing insiders to accumulate the stock ..look at the transfer of ownership going on ...insiders are accumulating as much as possible..most mutual funds doing the same there are very few retail owners left in stock I would estimate less then 5% own like I do ...... these are smart people unlike our group of shorts on this blog who will perish eventually this is not a 15 min chart story call & put buyers are losers here 90% of the time ..so start selling options collect some premium while holding your longs ... book & enterprise values are way above current mar cap ..the industry sells at 2x book .... the reason the price is at this low level is " BIG BEAR" manipulation if you find out who that is all of this price action will make sense ...looks like the entire secondary was bot by insiders does it seem reasonable these people would just throw away money? Most likely Molymet buys them all out or starts a bidding war over the stock
I dont know the exact date but "Big Bear" will cover and every retail little bear will be caught in this trap .... its amazing to me that little shorts on this blog don't even know who "Big Bear" ... Longs should accumulate MCP on every pull back its a future gift ... these same insiders sold shares @51 then bot neo giving them the only REE access into China ...china is becoming an importer of REE ... don't underestimate the insiders
i do not know about "big Bear", but i do know commodities are cyclical and so the inside buyers.
Signs are appearing China will support a fair supply of Rare Earths, dumping on the market hurts them more than helps.
Industry is back on track - commodity cycle should be moving up.