Can you spell strategic minerals?
Updated
This is a great company, advancing its project well.
From the website: Niobium and Scandium are considered critical and strategic metals by many nations because of their many uses in clean energy, transportation, energy efficiency, defense and mega-steel infrastructure projects. However, very little Niobium is produced in the U.S. or in the European Union, even though global demand is growing at a 4-6% global compound annual growth rate. Virtually no Scandium is produced outside of China and Russia, and only 10-15 tonnes is consumed globally each year.
So there would be even political support behind it if needed i think.
I see this as a long term investment. Altough perhaps not the best entry now, the best strategy will be Cost Avareging somewhere in the box. A breakout yellow downtrend will be very good and Charging above 2 is very bullish indeed.
Long term between 5 and 10 is reasonable!
From the website: Niobium and Scandium are considered critical and strategic metals by many nations because of their many uses in clean energy, transportation, energy efficiency, defense and mega-steel infrastructure projects. However, very little Niobium is produced in the U.S. or in the European Union, even though global demand is growing at a 4-6% global compound annual growth rate. Virtually no Scandium is produced outside of China and Russia, and only 10-15 tonnes is consumed globally each year.
So there would be even political support behind it if needed i think.
I see this as a long term investment. Altough perhaps not the best entry now, the best strategy will be Cost Avareging somewhere in the box. A breakout yellow downtrend will be very good and Charging above 2 is very bullish indeed.
Long term between 5 and 10 is reasonable!
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Trade active
Looking to add some bags to the portfolio. 200 Weekly MA around 0.90 so looking at that in the first place.Trade active
0.90 reached. This is a nice level long term.A lot has happened but ill keep it short. The company has had a huge capital injection, changed listing to NASDAQ, a stock split and also diluted the shareholders some by giving the investment firms shares, warrants etc.. While this obviously dampens the share price in the short term, all in all it looks like a good deal. And all the promises to advance the company are now a reality by having access to extra capital. now the company can advance to the next stage and build more plants, refineries etc. Long term this still looks good.
Again: With the increased tensions with Ukraine and other conflicts on the horizon (probably WW3, sry guys) the 'West' can no longer depend on china for these strategic minerals (which it now does for 95%+). so even from a political standpoint this looks interesting.
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My current action plan: I'm holding my current stocks in NB. if it falls further, i will buy some more. In the event of a major panic/crash, no doubt i will add to my position at discounted valuations!GL
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If it can't hold 7'ish it can fall towards 5-3.5 where i would probably buy at 4.8, depending on how it evolves.
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