Word is on the street that the Honey Badger Coalition banded up with the N3 duders among other Neodymium holders and took control of most of the nullsec/low-sec Neodymium supply in game. Here is my raw feed:
Hello, take a look at the Neodymium market in-game as well as Nanotransistors and every other product that requires Neodymium prices doubled.
HBC is about to launch a massive Neodymium cartel to counteract OTEC. Members will be HBC Alliances, the remainder of the Neo Curse Coalition and N3 Alliances from what it looks like so far due to the fact that these combined are holding 80-85% of all the Neodymium in the game. Whatever CFC will be in is unclear but after recent events it seems unlikely.
(11:27:15 AM) pleaseignore.com:
My friends a truly sad day is upon truly shocking events happened that left thousands of little bees starving though out all of Deklein.
What caused this? Serious financial problems due to instabilities on the technetium market.
Due to our new found wealth though the plundering of secret holy moons left behind by murdered hordes of southerners it was decided that TEST must help. Our income at an all time high allowed us to send out humanitarian aid. To ensure that little bees would not have to starve and suffer the withdraw symptoms caused by a shortage of nanotransistors.
Humanitarian aid arrives at the scene:
Donations for this work of art go to: Isa Mitsuyu
#### SENT BY Beffah to All online hbc @ 2013-02-05 16:27:11 EVE Time ####
Yesterday, TEST Alliance pretty much made it official by tweeting the following stab:
When asked, Montolio explained:
NOTEC membership is basically HBC / N3 / NeoCurse right now. Others are welcome to join if they hold substantial Neodymium
After I pointed out Neodymium prices surpassed Technetium prices:
It did yesterday
The goal of NOTEC is to provide maximum value for the natural resources located in the South and East of the game.
Any resource that is held in majority by the NOTEC partners. We don’t have Technetium and the CFC negotiations to protect HBC renters went nowhere. So we’ve moved to other options for securing income in the south.
I asked our resident financial advisor Danny Centauri what would be the best way to make money out of this, he elaborated:
I may end up accidentally making ISK from this actually. I’ve got about 300 T2 ships in production already. However may end up losing as going to have to wait for markets to stabilize before I buy more materials or I will be building at a loss. The changes have halved the profit margins for more T2 ships, will be very interesting to see how the market responds.
The best way to make ISK from this would be alchemy:
100 Platinum – 2 per POS – 54.6mil a month
100 Mercury – 2 per POS – 728.6mil a month
40 Neo mercurite – 2 lots per POS – 1457.3mil a month (this is using 25300 as sell price, there are no sell orders right now lower than 39k waiting buy to catch up with sell)
80 Mercurty – 2 lots per POS – 582.9mil a month
Gallente POS and fuel block for silo bonus – 397.4mil
Final profit = 859.6mil per POS ran.
If the buy order on neomercurite moves up 5k then another 288mil profit. Considering that it could move up another 14k we are looking at a POS with potential to make over 1.5bil profit per month. Not bad for throwing some fuel blocks in every 2 weeks.
A key question was made by Danny Centauri after the exchange: “you think TEST could keep this up”…
If OTEC tries to drive down the price of Neo with hostile economics, we can do the same thing to Technetium
When asked whether he was collaborating or not in setting up the cartel, Vince Draken from NCDOT explained how NCDOT simply took an opportunistic approach to the situation, given the sizable amount of moons under their care.
There is no doubt we have a couple of interesting weeks ahead, there is no doubt the markets effects has already been felt. Yet – as Danny Centauri correctly pointed out – it will be left to see if the cartel can be held and for how long.