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Great Western Minerals Group Ltd. is a Saskatchewan-based junior exploration company. GWMG is engaged in the acquisition, exploration, and development of rare earth mineral properties in North America.

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Message: The reason for the sp drop??

The reason for the sp drop??

posted on Sep 09, 2009 12:53PM

Read through this from Canacord and then read the last pararaph again. We may have our reason for the sp drop today. I would not be surprised if these guys are buying and lying!

Don

Avalon Rare Metals* (AVL : TSX : $3.85)

Net Change: 0.37, % Change: 10.63%, Volume: 2,729,787

Star light…star bright...Avalon jumped yesterday as the company appointed

the former National Chief of the Assembly of First Nations Phil Fontaine to

its Board of Directors. Fontaine completed a third term as National Chief

of the Assembly of First Nations (AFN) in July, 2009, deciding at that time

not to seek a fourth term and instead pursue a new career in business.

Fontaine has actively worked to facilitate change for the First Nations

people and has been a vocal advocate for more First Nations - Industry

partnerships as a means of alleviating chronic poverty in remote northern

communities. Fontaine commented, "Avalon is a rising star in the

exploration industry. There is tremendous potential to explore Canada's

natural resources in a respectful and responsible manner. I will assist the

company in increasing its value to shareholders by fostering positive

relationships with Indigenous peoples and identifying mutually beneficial

opportunities." Fontaine has been granted 175,000 incentive stock options

exercisable at a price of $2.80 per share for a period of five years from

the date of grant of the options. Notably, Fontaine also recently accepted

a position to act as a Special Advisor to the Royal Bank (RY). This news

comes on the back of potentially negatives news for rare earth metals which

have been on a tear lately. According to reports made by Metal-Pages and

other news media, the Chinese government may be backtracking in its quest

to limit the export of rare earths minerals. At an industry conference,

China's deputy director of Ministry of Industry and Information Technology,

stated China has no intentions of hoarding rare-earth minerals and values

foreign investment in the industry. China accounts for about 93% of the

production of rare earth elements and according to the China Daily,

reserves of rare earth have diminished from 88% of the world's total a

decade ago to 52% in 2008, while exports soared 10 times high. This news is

expected to take some of the momentum out of "rare earth" stocks.


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