AFF Member Stock Discussion

[SYD]

And Tesla is back to what it was before the October election.

But there is that pesky ~US$200 per share to recover. Tesla is still down ~50% from the post election high. A lot of people lost a shed load buying at that high….

 

[drron]

But there is that pesky ~US$200 per share to recover. Tesla is still down ~50% from the post election high. A lot of people lost a shed load buying at that high….

But long term investors aren't down.
And firebombing Teslas and Tesla showrooms suggest the USA has far bigger problems than the stockmarket.

 

[Freq Flier 2013]

Remember the Trump crypto coin that came out. Now worth a fraction of the price. People who invested in the early days really lost money!

 

[SydneySwan]

Remember the Trump crypto coin that came out. Now worth a fraction of the price. People who invested in the early days really lost money!

I think the Trump coin hardly merits being called an investment.

 

[drron]

Minister King again shows how much she knows about her portfolio. threatening the USA that we would sell our rare earths to anyone but the USA. However Iluka is the world's second largest rare earth company and is planned to open a processing plant in WA in 2026/27. Our PM announcing a loan of $A165 million said it would have a no China clause.

Australia close to breaking China’s critical mineral stranglehold

Australian firms are within a few years of refining most of the rare minerals used in the world’s critical defence systems, electric vehicles and clean energy transition.

www.smh.com.au

Lynas is the world's third largest producer of rare earth products. currently a third of it's output goes to China but that might change as they are building a third processing factory in Texas after a large funding grant from the US government.

Of the undeveloped rare earth projects around the world Australian companies own 2 of them. The third largest is in greenland and the plans are to probably build a plant in the USA. The 5th largest deposit is in the USA and has already received significant funding to progress the development of a mine. Don't think our Government has a chance of making those companies not invest in the USA.

 

[prozac]

Minister King again shows how much she knows about her portfolio. threatening the USA that we would sell our rare earths to anyone but the USA. However Iluka is the world's second largest rare earth company and is planned to open a processing plant in WA in 2026/27. Our PM announcing a loan of $A165 million said it would have a no China clause.

Australia close to breaking China’s critical mineral stranglehold

Australian firms are within a few years of refining most of the rare minerals used in the world’s critical defence systems, electric vehicles and clean energy transition.

www.smh.com.au

Lynas is the world's third largest producer of rare earth products. currently a third of it's output goes to China but that might change as they are building a third processing factory in Texas after a large funding grant from the US government.

Of the undeveloped rare earth projects around the world Australian companies own 2 of them. The third largest is in greenland and the plans are to probably build a plant in the USA. The 5th largest deposit is in the USA and has already received significant funding to progress the development of a mine. Don't think our Government has a chance of making those companies not invest in the USA.

Are you referring to Greenland Minerals GGG? Had a rather dodgy West Aussie start to life over a decade ago.

 

[drron]

No ETM. They have a problem with the current coalition government of Greenland who banned any mine if a resource contains more than 300 ppm uranium. Their project even though it is a rare earths project contains just over that amount.
however Greenland has just had elections and the ruling coalition government saw their vote decline from 66% to 36%. The leader of the most popular party in the recent election is pro business and a previous mines minister so hope that stupid policy will be jettisoned.

 

[prozac]

No ETM. They have a problem with the current coalition government of Greenland who banned any mine if a resource contains more than 300 ppm. Their project even though it is a rare earths project contains just over that amount.
however Greenland has just had elections and the ruling coalition government saw their vote decline from 66% to 36%. The leader of the most popular party in the recent election is pro business and a previous mines minister so hope that stupid policy will be jettisoned.

I gather you mean Uranium? I had an interest a decade back but have stayed away since. Just researching again now. I won't touch a company that has significant Chinese investors (GGG). I'll have a look at ETM, but looking now at EUR. Yes IA (AI?) party is anti Uranium but Sweden which was is now coming around as they accept it as a clean energy source.

 

[drron]

I gather you mean Uranium? I had an interest a decade back but have stayed away since. Just researching again now. I won't touch a company that has significant Chinese investors (GGG). I'll have a look at ETM, but looking now at EUR. Yes IA (AI?) party is anti Uranium but Sweden which was is now coming around as they accept it as a clean energy source.

Thanks corrected. funny how leaving out one word changes a message.

 

[prozac]

No ETM. They have a problem with the current coalition government of Greenland who banned any mine if a resource contains more than 300 ppm uranium. Their project even though it is a rare earths project contains just over that amount.
however Greenland has just had elections and the ruling coalition government saw their vote decline from 66% to 36%. The leader of the most popular party in the recent election is pro business and a previous mines minister so hope that stupid policy will be jettisoned.

ETM looks like the old GGG (Greenland Minerals).