According to the Motley Fools, big, big, big sell off soon, then large recovery.Has to do with initial purchase on offering-I am not a paper person, so please research, many people parrot the Fool's forecasts, which explains their success.
MCP has been a rocket, up until a couple of weeks ago. It's still up 300%+ in 8 months.
IMHO you can bet MCP will sell off as soon as the fortunate investors who got in at the IPO are able to sell and take profits. MCP is the 800 lb gorilla in the sector and IMHO it is going to pull down the whole sector with it. I'm already taking some of my REE profits off the table, in anticipation of great buying opportunities in the next couple of weeks.
Sold out of UCU.V last week and RUU.V today, Looking for good exit points for REE and AVL.
Come hell or high water, I'm holding firm on GWG.V This is my favorite REE stock. IMHO a 100% chance somebody is going to buy them, it's just a question of who, when and how much. MCP actually made a "stink bid" for GWG 2 years ago when GWG was in big financial trouble. But thankfully GWG mgmt said "no thanks." GWG is up from about 12 cents back then, to 64 cents today.
" 'The problem' is, uh, I'm the president of the United States;
I'm not, uh, the emperor of the United States."
I have been researching the REE industry for 2 1/2 years.
GWG has got more going for it than any other company, except possibly MCP itself.
MCP tried to buy GWG to get GWG's existing processing plants and technologies.
Since then GWG has acquired the rights to the richest REE deposit (by grade) on the planet, in South Africa. It's currently a relatively small deposit, but extremely rich in the coveted Heavy REEs. which MCP desperately needs. It was a former producing mine that needs just a couple of years of rehab and development to come back online. Plus, the deposit is largely unexplored. It could easily turn into an elephant.
Plus they have several other deposits in the US and Canada under exploration. The best may be Douglas River. it has off-the-chart preliminary findings of HREEs..