Loading ...Quest Rare Minerals and Lico Energy Metals
Two alternative companies well positioned to benefit if we are indeed embarking on a new bull run in rare earth minerals to support the burgeoning electric car market. I have a small speculative position in both, and plan to hold for the medium to long term (1-3 years).
It’s been taking a beating lately, I’ll make one last buy at the bottom rail. Good luck to us all!
With these it’s all about just having a small ‘sprinkling’ of potential big winners, buying as close to the lows as you can and being prepared for some pretty wild swings. They’re speculative, and exciting to own at times. Do you sell when it goes up 50%, 500% or 5000%, or kick yourself when you miss the top and end up back where you started (late entrants to Northern Dynasty ?). The fundamentals of this sector seem to me to stack up, and I’m prepared to sit it out.
I’m an advocate of taking some of the table once they run, makes for much more rational decision making in the long run I find. Just my opinion of course.
Since you brought these too my attention they have been on my radar. I went long QRM yesterday as I think the low is close from the price action I am reading. I think LIC is close too but I have enough on for now and preferred the action in QRM. Thanks North.