ARR 5.00% 7.6¢ american rare earths limited

Greenland REE supply unlikely

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    Greenland was touted to be one of the biggest future suppliers of REEs. The new anti mining Govt will place massive upward pressure on REE explorers in mining friendly jurisdictions. This announcement also underscores the gold plated value of deposits with ultra low deleterious elements.
    This will be a big blow to ASX listed GGG. We may find some of their shareholders selling GGG and buying ARR
    Our ann yesterday was very positive. We are moving ever closer towards cutting edge REE processing technology.
    The trading was very interesting yesterday. It looked to be price suppressive. There is heavy stacking of sells from 0.10 to 0.11 forcing sellers to come down to 0.099 or below to sell on the day. To break above 0.11 we will need one or more large buyers to take out 3-4 mill shares in a day or receive a bullish ann which will see widespread buying from day traders through to long term investors.

    Greenland's left-wing Inuit Ataqatigiit party pledged its opposition to a large rare earth mining project on Wednesday after winning a parliamentary election for only the second time in more than four decades. Its comfortable victory casts doubt on the mining complex at Kvanefjeld in the south of the Arctic island and sends a strong signal to international mining companies wanting to exploit Greenland's vast untapped mineral resources.
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Last trade - 12.32pm 12/05/2021 (20 minute delay) ?
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