DCHAF - Just because they still announce news doesn't mean this stock wasn't hyped heavily by groups of traders front running it; causing momentum to bring more buyers to carry it higher. Although not a direct p&d I did find a few promoters who were on this in Canada last summer as well. As you know the primary shares trade on the TSX. DCHAF just mimics what those are doing. Notice the volume on the chart last summer. I'm sorry, but since they continue to have the same amount of news while the stock is still sliding the lower, the only reasonable explanation for the spike last summer is an awareness campaign by a few groups who thought they could pump it based on the "undervalued" characteristic you and others see in this. The problem of why it doesn't hold up at those levels is because there really is no way to prove what this company has or doesn't have. If your looking for a good rare earth stock, check out REE or MCP. But in reality rare earth demand has fallen since so many have tried to flood the market over the past 2 years with whatever they could get there hands on. A good thing for high tech suppliers who use some of the metals, but bad for all companies who have found rare earth metals to sell.