$8.82 +/- was a low back in October 2013. Could go lower , but the selling has been going on for quite a while and volume is huge today. Downgrade could mean 'buy'. I'm wrong often.
What is a realistic price for Lynas over 1, 5 and 10 years? I own some in my IRA and wonder if this investing mistake will ever turn around. Thanks for any input.
Nope. Volume has increased quite a bit since the calendar changed to a new year. The price is above the 30 week moving average for the first time in over 2 years. Maybe this is a trend change.
One step at a time. $1 price target points to 28% upside.
" The Company is most actively pursuing funding through the
State of Wyoming’s Industrial Development Bond financing program, while continuing its evaluation of additional opportunities."
Great News for URG:
On March 1, 2013 the U.S. District Court for Wyoming denied the petitioner's motion for preliminary injunction, which had sought to halt the ongoing construction and operations at the Lost Creek Project. In a 24-page order, the Court determined that the petitioner failed to satisfy any of the legal elements required to obtain the injunction. In making the determination, the Court recognized the comprehensive five-year, multi-agency regulatory approval process conducted for the Lost Creek Project and the substantial progress of construction at the Project prior to the initiation of the legal challenge. The Court's order also includes a detailed finding that the petitioner "has not shown a substantial likelihood of success on the merits" of the case requesting the review of the BLM Record of Decision. With the Court's order, Ur-Energy will continue construction at the Lost Creek Project as planned while the formal merits review of the BLM Record of Decision proceeds.
Ur-Energy President and CEO Wayne Heili commented, "The Company is glad to receive the Court confirmation that our construction activities may continue at Lost Creek. I am very pleased with the steady progress made at the Project site and the focus and professionalism shown by the Ur-Energy team throughout the construction effort. Our team and the selected contractors have worked diligently to maintain the schedule we set out. We look forward to achieving first production at Lost Creek later this year."
At the Lost Creek Plant, the foundation work is complete, the large equipment has been set in place, and the building exterior is fully enclosed. Multiple trades are currently working on the interior of the plant facilities. The development of the first mine unit and other auxiliary facilities also remain on schedule. Photographs of the progress of construction at Lost Creek are available at our website:
Since the recent selloff, the stock has gone gradually up from around 75 cents to 90 cents. Hopefully good news is coming.
FCX's stock price hinted that something was up. JJC closed up Friday, Monday and Tuesday. FCX closed down those 3 days. Should have paid attention.
Stock up 7% on this news I assume. So, what are the risks in this stock now? Moly is at $11 per pound which is near the low end of the expected range. Seems like nothing but blue sky ahead with more and more positive announcements to come and potential increase in moly price.
Upon NOA publication in the Federal Register, there is a public review period that ends on November 13, 2012, after which a RoD and Plan Approval are anticipated to be issued. Issuance of a favorable RoD constitutes approval from the U.S. Bureau of Land Management, subject to environmental restrictions and mitigation to be described in the RoD, to construct and operate the Mt Hope Mine.
If Fernandez is removed, would that be good for foreign companies (like MUX) doing business in Argentina? Seems like her removal might be good for MUX.