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Share
18/06/11
12:16
Share
KRE appears to offer an amazingly cheap entry into the booming Rare Earths sector.
Recent heavily oversubscrised IPO at 20c, with a tick over 125mill shares, and $18 million in the bank.
Cash backed at approx 15c... this really is unbelievable.
The value of their KRE's deposit has increased 4-fold so far from $3 billion to $12 billion and this month is probably worth $15 billion!
...and yet the stock is trading at 15c and hence absolutely no value has been attributed to this asset.
I have been and will continue to buy this, and i sincerely thank everyone who has been giving me their shares.
I am using this fear-driven market to load up, and when the tide turns in July...no one should be surprised if KRE is trading at $1.
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