James Dines, writing in the Nov. 30, 2012, issue of The Dines Letter, refreshes his buy of Tasman Metals Ltd. at $1.20. He said buy five times between March 5, 2010, and Sept. 14, 2012, at prices ranging from 65 cents to $3.90. Assuming an investment of $1,000 for each of the five buys, the $5,000 investment would now be worth $4,047. Mr. Dines says he has long predicted that Germany "would give its automotive business to Tasman." He says he believes a number of billion-dollar German companies are keenly focused on Tasman's metallurgy, while waiting to see if it can replicate its preliminary economic assessment numbers in a prefeasibility study this summer. Mr. Dines says German automakers would prefer to get their rare earths from nearby Sweden, not China or Russia. Sweden has good infrastructure and is under Western laws. The editor says he expects Tasman will do very well during the next, inevitable recovery. Its management, he says, has respected its shareholders by not overprinting the number of shares or awarding itself grotesquely large numbers of warrants and options.
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