From A Beach Somewhere

Here's what I said in June... The name alone, American Rare Earths (ASX: ARR OTCQX: ARRNF), should get your interest, and it is listed in the USA as well. So as they progress and the excitment about rare earths continues this could be another company to watch. Their PreFeasibility Study is due at the end of the year. Check back in December. ... Well, their latest results look good if you don't do any research, and it seems that the market is getting wiser about rare earths. 13,000 ppm is 1.3%. Mountain Pass is at 70,000 ppm or 7%. And DTR is probably going to be slightly higher again. The problem ARR faces is that they hang everything on rare earths, which are already funded through Mountain Pass. So more funding to the sector will be hard to come by (in my opinion). They are not alone. A lot of companies across a lot of resources are facing the same problem: having to expend resources chasing funding that may not come through. Also, AAR is a long, long way from the only rare e...

Let's get real, Astral resources (ASX: AAR) is a good looking company, but they are a miner in a certain phase where there won't be a lot happening for the next 12 months. With the share price sitting at 22 cents right now, I expect the price to drop back a little setting a base just under 20 cents. I will check back in December 2026 to see how they are going, but long-term these guys look good.

Here's what I said a week ago... Pancontinental (ASX: PCL) has had a full year of exploration. The share price has slid, and I think this is due to shareholders not understanding how long it takes to bring oil production online and due to short-selling. The share price is under a cent and looking like really good value. They have had majors looking at the farmin opportunity since late May, which means that their due diligence and modelling is almost complete. So now might be a good time to jump in ahead of any major oil company interest. It's a punt, but the upside could be a massive rerate and increase in share price. ... And the share price has jumped a little and fallen back, but these guys have the goods and the time is absolutely right. Once a farmin deal is done there will be no looking back. And their big boys have been looking at the books for 6 months, and that's about how long it take to do their due diligence. So expect a good Christmas present from these guys. Y...

Resolution Minerals (ASX: RML, OTCQB: RLMLF) has released their webinar to the world, but they haven't told the market yet (perhaps they assume that the market is psychic and will just figure out they need to go looking for it). The irony of this is that, in the webinar, Head of US Operations, Craig Lindsay, admits they are not good at PR. He ain't kidding. Also, the webinar provides details that should, in my opinion, have been in the announcement. So let's look at some of the clarifications, and yes, I did some back-of-the-envelope calculations to help make sense of things. They have drilled a section 600 metres long by 200 metres wide by 300 metres deep and found lots of gold, though not in high grades. And it is the grades that disappointed the market. And they were disappointed because there was no explanation. no context. The details provided in the webinar compares RML very favourably to the grades of 4 other companies. AND there are the results from the last 4 holes...

Red Mountain Mining (ASX: RMX}is another of those companies (like RML) that go into a trading halt only to deliver lacklustre results. Oh yes, they can see stibnite on the surface, but was that worth a trading halt? They even broke open a couple of rocks and found (shock, amazement) what they were looking for. Looking being the important word, because they looked at a rock and said: "That LOOKS like it has 60% stibnite." We await the real science. So now they are getting out the post hole borer and, for the rest of December, drilling post holes. THEN it will take 3 months to get results back from the labs. Nope, still not worth a trading halt. Well that's their Australian project out of the way. What's happening in America? Oh, assay results aren't due until the end of January? Nope, still not worthy of a trading halt. I seriously wonder if this whole hysteria around critical mineral has caused the managements of many companies to lose their minds. RMX may have so...

Resolution Minerals (ASX: RML, OTCQB RLMLF) is having a tough time and they deserve it. What a joke. They went into a multi-day trading halt trumpeting "significant exploration results". Interestingly, they didn't halt on the OTC boards. And the significant results? Some very average gold finds. Yes, there seems to be lots of it, but if the gold price wasn't so high it wouldn't be economic to mine. This was a management mess-up of gigantic proportions and shareholders have a right to feel cheated. These results did not require a TH, perhaps their webinar will explain more when it is published. But management seem to be pretending to swim. I don't doubt that there is value in RML, but I wonder about the competence of management after this. Look for the share price to drop significantly this week. I think a lot of investors will get out, taking a loss. Many more will try and pick the bottom to jump in. Currently at 6 cents, this looks to go into the mid 4s (in m...