Leute, erst mal hallo an alle. An alle die investiert sind als auch an die jenigen die ueberlegen hier zu investieren. Der dramatische short sell von gestern war ein automatisierter verkauf der ein domino effect ausloeste indem er die stop/loss limits aktiviert hat. dieser abfall wurde von irgendeiner istitution ausgeloest um bestehende gewinne um jeden preis mit zunehmen. dies geschar wegen der letzen wochen mit seinem negativen schleier; die maerkte ueberall auf der welt haben fuer wochen rot gesehen. die finanz institute stehen sehr unter druck und ergreifen jede moeglichkeit eben herauszukommen. nun, ich hab ein bisschen mit commerce resources korespondiert und wuerde dies gerne mit euch teilen. einiges ist nichts neues aber anderes wird euch mehr als ueberraschen: I would say that we are expecting AMEC to release the PEA very shortly.
To be any more specific - as we are very close to its release - is
problematic for me and my office at this time.
Additionally, it may be interesting for me to mention that what AMEC
have costed out for is, is the largest production scenario for tantalum
in the world. That is to say: we have asked them to calculate all of the
economics for a daily extraction rate of 7,500 tonnes, which on a 360
day schedule becomes a 2.7 Million tonne per annum extraction.
This 2.7 Million tonnes of extraction - employing a very conservative
recovery rate of 65% - would see us producing 750,000 pounds of tantalum
and 6.5 million pounds of niobium per annum.
This is the largest production scenario for tantalum on the planet at
this time and there is no-one else who is looking to put a similar sized
project in production.
I wish I could be more definitive about the PEA and its expected release
date, but I also hope that you understand that this is problematic for
me to divulge.
However, there is basically no way that the PEA is going to be again
delayed like it has been before, and a key component of this is that it
is generally accepted now that tantalum prices are not really going
anywhere at this time but up - in that there is really no commodity that
is in a greater supply side deficit position than is tantalum.
To this point if you would like me to send you the most recent
presentation we have made on the global tantalum market, just let me
know and I will send this to you.
Finally, to answer your question about the trading for today - all I can
say is that this was some very aggressive selling that simply did not or
could not wait for the normal operation of the market to sell at the
best price possible.
I do not think that this selling had anything to do with anything that
we have done - recent news on the Carbo claims - or anything that we
have not yet done - the release of the PEA for example.
I think that this selling had everything to do with someone needing to
take 'profits' at whatever price they could get which may be because
they had debits that they needed to cover from other trades and other
companies - hence a delayed reaction to the overall market correction of
last week.
In terms of last week, we were not hit nearly as hard as our peers were
and then perhaps one investor - or most likely one computer - hit every
bid within a very short period of time this morning. I believe that it
was a stop loss or margin call situation because of the aggressive
nature of the selling.
In terms of the market, even right now at $0.37, CCE is down about 25%
over the last week of trading, where for example Avalon and Quest are
down just over 30% on the week.
And with what news we are expected to have out in the sort term - assays
from the summer drilling program at the Ashram and PEA for Blue River -
we are excited to see how well the market reacts.
I hope that I have answered your questions. If you have any other
questions, or if you would like to receive the tantalum presentation I
talked about, please let me know.
Best regards,
Chris Grove
Corporate Communications
Commerce Resources Corp. Liebe gruesse aus den USA leute |
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