Hap (Robert) Sneddon FCSI
Neo Material Technologies Inc.
NEM-T
COMMENT
Jan 19, 2012
Rare Earth. There has been a big bounce back in the space. There is resistance at the $8 range. The downtrend has been broken. Would like to buy it at above $8. This is one of the areas that has started to move up. If you own, put a Stop in at $7.50.
Love’s the company. Can’t believe how cheap this company is. You are going to wake up one day and one of the major mining companies is going to buy it up. It is about as undervalued as you can find them.
Rare earths from large dumps of abandoned material. Great way to play a long time growth story. Hasn’t done a lot over the last year. Good business model and well run. Wouldn’t be too aggressive on this at the moment.
Rare earths. If you own, your patience will be rewarded. Trading back at the higher end of its range. Expect it will be a takeover down the road by one of the big mining companies. Expect it will end up at $13-$14 a share minimum.
There are still issues. The China issue, the market is always worried about assets in China. Thinks there is a better chance that someone else comes in and buys it. Doesn’t look fully priced to her based on how unique it is.
Companies are always selling to companies and we can’t always question it. He hoped there would be a little more of a bid on it. The Chinese actually need it. There are very few moly-processing facilities and this is one.