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Similarly - average at 8.7 now which is probably as low as I'm going to go. Got a serious co now having 20% of MKA, the rest is in director or TR1 hands, or investment companies. Wider market malaise probably giving the brief opportunity to grab shares at this price.
"The US roll-out will be completed in parallel with UK and German-based developments. The first production is expected in the UK in 2023 and in Germany in 2024. Revenue from the US operation is targeted for 2025/2026."
An RNS with Tesla would make this do multiples
I don't expect that until likely 2025/26, but it was good to hear that they would be an interested party, along with the department of defence and general motors.
In the current, real world. I was happy to hear that we are still on track for revenues this year, after being slightly concerned by the lead times on the equipment needed for the large pilot plant. The revenues were predicted to be tiny this year, remember Cotec only get 20% of the UK revs so it could be a significant to us but just going from pre-producer to producer and generating cashflow of any size, is a huge achievement. Julian was confident revenues in 2024 would be significant, if we can get the German Plant running early (q1 24) we could be looking at 150t in 2024 at the current price of around $70KG, who knows what legislation and tax advantages will be passed also. Once we start producing and OEMS / GOVTS are happy with our product, the scale will then be off the charts, that's the moment we should see a monumental re-rate.
I bought another chunk after seeing the cotec presentation
Yeah😉 notice I've taken little crumbs sized nibbles of 200 quids in both today ....
Crumbs - just for a bit of light relief. Seems I have taken on your crown of pantomime villain over on the other board you used to frequent lol. Hope you get some new here soon.
Things dedinitely moving in the right direction with Hypromag and seems a bargain at this price, I do wonder how Will feels about his £35-40k paper loss on his recent purchase. Would be good to see Alex put his money where his mouth is after his bullish comments at the last presentation.
Thanks Strikeforce
BTW well done GLR for getting those relevant questions.....
Commercial plant due to come online anytime...
Somehow I think actually seeing say a wind turbine magnet being HyproMagged then sintered into new magnets then sold to a customer for a price with a realised profit will maybe just about wake AIM up a little :) ...
Cotec values a pre-commercial Magnito (HyproMag) at £20 million already and are willing to spend up to £30 million getting it commercial in the US I think that is Bonkers point, not that sp can't go lower but that the value is already baked into sp at this current price and soon... HyproMag goes commercial!
Talking IPO and 'significant' interest for Magnito..... looks like it might well not be stuck on AIM and at the mercy of this market and those who are keeping Mkangos share price suppressed (possibly deliberately) for too much longer in the big scheme of things :)
Is the Cotec presentation available to watch online anywhere? Couldn't catch it live today.
Nasty day in the markets
Which ‘math’ told you that the share price couldn’t go below 9p? Never heard of such equations…
Agree, still on track for revenues this year by the sound of it as well, mentioned it about 3 times
He did also name drop Tesla but save that for a later date when the market is better!
Very positive from Cotec all around. Good they started with us. For the record I counted 9 Super ......'s
Presenting and available to view tomorrow at :
https://emerginggrowth.com/emerging-growth-conference-63/
I concur with your posts and do not think you have missed anything. Anything that is within my knowledge, anyway.
But people are rightly wary of AIM stocks, especially in this part of the economic cycle.
People are rightly wary of AIM Directors too. The broken promises, misleading statements and outright lies sometimes.
Delivering Songwe will not only be financially transformational for the company. It will also underpin the reputations of senior people here (or reaffirm credibility).
And those things, once achieved, will IMO bring significant fresh investor capital here, even allowing for the macro stuff. Then the SP will naturally re-rate. AIMO. GLA.
Nope Parker, that's exactly how we all feel
Also, just a further note
the CLN terms were proposed before the following add on values
- placing to fund a 6m EURO german pilot plant
- 1.5m funding for wind turbine project
- 50/50 JV with Cotec for US operations, which didn't previously exist
So one could argue the HyProMag holding now comfortably eclipses the current cap, regardless of Songwe
Cristalball, also Finton, LWHL
Exactly, thank you for youe post, feeling the same here.
This is the reason I raised the question whether someone has an objective opinion (or valuation or guesstimate or whatever) on
MKA ex Songwe
as well as
MKA incl Songwe
If £2mln CLN equates to 10.6% of Maginito, then that values 100% of Maginito at £18.868 mln, correct?
MKA owning 79.4% of Maginito: £14.981 mln
Current mkt cap MKA £21.300.
So all the rest :
“ its flagship Songwe Hill rare earths project ("Songwe") in Malawi with a Definitive Feasibility Study completed in July 2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023…..
…. a rare earth separation plant at Pulawy in Poland (the "Pulawy Separation Plant") to process the purified mixed rare earth carbonate produced at Songwe Hill.
…. an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.”
valued at £6.320 mln.
Sounds ridiculous to me.
Or is this too simple?
Indeed. And that is one reason why I have remained here. I have repeatedly stated my faith in the BOD (and the CEO in particular), but I have been in enough AIM stocks, and watched horrors unfold elsewhere without thankfully being a holder (like HZM right now for example), to never be complacent in that faith.
At least the directors options don't vest until MDA is over the line
Given the last raise was essentially pitched as being for the purpose of getting Songwe over the line, they need to achieve this goal.
Failure to get the MDA is being priced in....
Still a strong buy imo. The SP's got severely constipated but good news has been backing up for a while. Cotec's investment and the JV etc. The MDA is getting ever closer and when it lands it should be the enema that delivers a massive SP explosion.
Looks like a Cotec quote misattributed to MKA by sharetalk?
Not sure if it's just me seeing things but from this tweet, it could be interpreted that mkango are gently turning their attention away from the Malawi/Songwe MDA and going all in on the US JV roll out.
Any thoughts?
"#MKA's primary aim will shift towards introducing the HyProMag technology in the US."
https://x.com/Share_Talk/status/1708744852672778580?s=20