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I guess we all need to hope they have a new Act all ready to go, which will be waived through their Parliament at a similar pace to our politicians, when they waived through the Coronavirus Act in March 2020. Also have to hope it will be positive content as far as our commercial interests stand. Nervy times! GLA.
The bill has been passed today
https://twitter.com/Times360Malawi/status/1646480085162110978
'Biden team proposes strict vehicle pollution limits to boost EV sales'
https://www.theguardian.com/environment/2023/apr/12/biden-electric-vehicles-pollution-auto-industry
“By proposing the most ambitious pollution standards ever for cars and trucks, we are delivering on the Biden-Harris administration’s promise to protect people and the planet, securing critical reductions in dangerous air and climate pollution and ensuring significant economic benefits like lower fuel and maintenance costs for families.”
“A lot has to go right for this massive – and unprecedented – change in our automotive market and industrial base to succeed,” said John Bozzella, CEO of the Alliance for Automotive Innovation representing General Motors, Volkswagen, Toyota and others.
“Factors outside the vehicle, like charging infrastructure, supply chains, grid resiliency, the availability of low-carbon fuels and critical minerals will determine whether EPA standards at these levels are achievable.”
Independent and anti-corruption :) I am sure it will do exactly what it says on the tin. Ignore me. I am too cynical. Hey ho.
Not the clearest article ever written, but it looks like it's only about creation of a new independent regulatory body. A Malawian anti-corruption thing, rather than extending the scope of the legislation to accommodate MKA's or other concerns. Hopefully no moratorium or delays on new licences/MDAs whilst it progresses. That would probably have to be RNSed.
Indeed, changing legislation does not sound like a speedy process... 6 month delay from here? A year? 2? Any speculation??
Amending legislation does not sound like a quick process. Then you factor in the Africa element and all the risk and uncertainty that comes with this aspect, and it seems positively daunting. No - I am not looking to buy more at a cheaper price. Not cutting my currently small losses here either, but I am watching closely now. The BOD need to get this deal done PDQ.
The 100,000 at 14.43 was a buy
When is he going to be done! FFS, relentless.
Have to admit that if there's talk of them amending mining laws right now then that does rather suggest that they're going to concede to more demands from the likes of MKA.
As ever, who cares about delays but if the deal is ultimately improved by this then all the better/more value on offer.
Yes I’m hoping the fact that our agreement wasn’t signed at the same time as Globe’s indicates the fact that it’s a monster with more favourable terms. We’ll see. IMO this is an absolute steal at this price. 12/24 months could 3/4 bag.
It's not like the company is sleeping lots of potential newsflow from the recycling angle with part of the team in the US where it might not be too long before something exciting develops with COTEC already scoping sights and making connections with players
Maybe delays but hopefully for the better and perhaps explains the recent selling. Still a buy imo.
Good find crumbs
Cant hurt our investment case, the current agreement has been delayed since June 2022 so any change or shake up should be a positive one
More delays. Wish they’d get their act together.
https://www.nyasatimes.com/malawi-government-introduces-bill-to-repeal-mines-act/
Wasn't an accusation that Mkango wanted to change Malawian law?.. It does seem to me the mining ministry is at odds with the Attorney General who seems to only have the power to grant mining licenses and is standing in the way as it were if that power is handed over to the mining ministry then I reckon the MDA will be done ASAP
I'm genuinely curious where this share will actually bottom. Never ceases to amaze me
Of course being on of a few RE recycling companies, partnered with top auto manufactures, to get to 100t/pa of ndfe3 I am not too concerned, we likely have the stockpiles as per Blades post
The key will be scaling this up to 200t/pa etc. in 2-3 years when all of the labelled e-waste comes into play, then we could be looking at astronomical figures
"its going to be many years before there is noticeable quantity of material available to recycle."
To be fair may be right there if many years is 2-3
EU proposed legislation states that all electronics / appliances that contain critical minerals must be labelled for recycling, to meet the 15% per member state quota
A huge amount of e-waste etc. will be made available in the coming years, since completion for magnet recycling is relatively low and we already have two plants in pilot stage, I suspect just as this legislation comes into age we will have proven our plants technology and commercial viability, which will then light a rocket under the valuation of the company
Todays price is just a dip in the wider market, give this 12-24 months and id expect many multiples, the legislation is all there (passed in the US) if the EU bill gets passed, then we are right on the money and who knows by the time it does get passed we may have proven the tech in the UK
Im happy to be on board with the cotec guys (self made billionaires putting in their own cash) a rarity on AIM, our BoD have always done well identifying HyProMag at a lowly price of £500K to where it is today, and doing a fantastic deal with Talaxis who own 33% of the group dont forget
Morning.
Not making a great deal of sense is he? :)
The future must be bright if this is the best the pro derampers have to bring - hoping for a quick smash n grab for half of my new ISA money ...
@SmartPunter, "its going to be many years before there is noticeable quantity of material available to recycle."
I beg to differ mate, first gen Electric vehicles are already coming to an end as well as some Wind Turbine tech. The Hard drive era is all but finished and there are literally stockpiles of the stuff. As a single entity myself I have over 200 hard drives that are now obsolete, and that's not even counting the few hundred I've sent for recycling. New SSD tech's are making them obsolete.
Question is will the company make some headway into Lithium recycling as well as part of the larger "recycle" feature, as well as others in the REE spectrum of compounds & elements. I believe it's something they're holding back on but will reveal as time goes on. Currently they want the Songwe issue finalised before announcing more deets with regards to the recycle avenue.
You obviously need to view this
https://www.youtube.com/watch?v=gYwuw_z1Siw
Recycling is extremely difficult and its going to be many years before there is noticeable quantity of material available to recycle.
Then there is the point that they are withholding the technology to manufacture the magnets, which recycling offers no help at all.
Sounding like a man from red and gold. Do you hold mka?
Worth a read:
https://japannews.yomiuri.co.jp/politics/politics-government/20230406-101783/