TM Editors' Note: This discusses a penny stock microcap. Such stocks are easily manipulated, do your own careful due diligence.
Author's note: Ucore Rare Metals is a speculative, small cap company with Canadian and U.S. listed stocks that could continue to be volatile. An investment in Ucore Rare Metals is not appropriate for everyone. Readers and investors are encouraged to do their own due diligence before buying of selling and stocks, especially risky small caps. The author, Peter Epstein, owns shares of Ucore Rare Metals, bought in the open market.
A new treatise by Christopher Ecclestone on Ucore Rare Metals (UCU.V) / (UURAF) was released on July 15th. The report is from the very well respected Hallgarten & Company. Readers be warned, the report is filled with words that I could neither pronounce, spell or understand, words like, “bedeviled,” “impelling,” “capricious,” “stymied” and “eschewed.” Even the author's last name is hard to spell. Further, I think I found a spelling error in the dissertation. If true, that's disheartening to say the least. Ecclestone's 10 page report can be grasped by the layperson, as long as he/she skips pages 2-7. For those brave souls attempting to consume the entire report, rest assured, there are pictures. Here is a July 23rd Video Clip of Mr. Ecclestone from InvestorIntel.
Seriously though, I believe that getting the gist of the report is achievable. It's tough sledding, but maybe that's a good thing. Ucore's Molecular Recognition technology, “MRT,” continues to be successfully operated at commercial scale, in a number of other applications, just not for Rare Earth Elements, “REEs,” yet. Importantly, the entire technology / flow sheet is fairly intuitive, albeit not necessarily easy to replicate. For those possessing the requisite kill set, or as Steve Izatt said, not just those with chemical backgrounds, but, “persons with processing and technical backgrounds,” virtually all fall in line. I for one think it hardly matters how complex (or not) MRT actually is. I'm excited and indebted to the experts who DO know how and why MRT works, and have become true believers. That list is growing. Therefore, I'm not a believer in MRT per se, but a believer in the dozens of highly experienced experts using it in the field and others who are confident that MRT will be successful at commercial scale for REEs.
