The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good we got about the same amount as Pensana from Innovate UK - and we are a company 1/5 of the MCAP! Bodes well for the future, as well as the JV which the market has also ignored.
Am I missing something somewhere?
I'd imagine the BoD are just as frustrated as us about getting this over the line. Definitely back in the buy zone. We are the same company as at 12p only with what appears fully funded, nailed on recycling entrance to the states and some massive partners to get an unlimited amount of used turbines through the doors. What's not to like?? (Other than the share price)
"The old saying about an investor being a trade that went wrong comes to mind"
Total rubbish, it's all about your motive, due diligence and timline. Quick bucks, you might as well go to the casino.
This is an investment play, traders should look elsewhere. The MDA is just a milestone that will happen. Cash burn is minor, the DFS was the last expense, plenty left from last raise.
Cotec partnership will bear more fruit than Songwe and sooner.
I always find a prospect with sound fundamental plans and management where everyone is doom and gloom is a buy.
Look at rainbow, up 100% when the sky was falling on boards at 8p, now 16p and talk of 160p
Julian is sure to be 'Super Excited' :)
Mkango Subsidiary, Maginito, and CoTec Form US Joint Venture
Webinar hosted by Cotec on 6ix media today at 2.30pm ought to be worth viewing
https://events.6ix.com/preview/6508426ce85a920a7509e0cb
'Join Julian Treger, President & CEO of CoTec Holdings Corp., as he discusses last week's press release and what it means for the company. The live event is followed by a Q&A session.'
Now you can ask about likely US Gov funding etc ;)
Yep. Still here, but regret not dumping one tranche when it was briefly over 12p a few weeks ago. Was about to go on holiday and decided to leave it be.
The recycling stuff is very interesting and I have made my opinions clear on that a while ago, but Songwe needs closure now. For cash flow and for BOD credibility IMO.
It is also more likely to keep me here as an investor, rather than just a trader...although I have probably been a shareholder here for too long now to count as a trader!
The old saying about an investor being a trade that went wrong comes to mind :)
'Rare earth permanent magnets are essential components in the F-35, Unmanned Aerial Vehicles, and numerous other defense systems. These national security related uses, represent a small part of the US commercial need for rare earth element magnets. As a result, MCEIP is dedicated to using its resources to help stimulate private capital as evidenced by the E-VAC investment.
"We're building on previous DoD awards, that augment or complement other Agency investments for rare earth minerals to help establish an integrated, domestic rare earth supply chain from mine to magnet," said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy. "IBP is reinforcing the Administration's goal to build a rare earth industrial base fully capable of meeting our national defense requirements."
Invests in RE magnet supply...
'The Office of the Assistant Secretary of Defense for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization (MCEIP) office, issued an award to E-VAC Magnetics, LLC (E-VAC) to establish a domestic rare earth permanent magnet manufacturing capability. E-VAC is part of VAC Group, a manufacturer of rare earth permanent magnets
The agreement will provide $94.1 million to E-VAC to acquire and install manufacturing equipment, operationalize technical infrastructure, and engineer production lines. E-VAC will perform this work to establish high volume rare earth permanent magnet production by 2025.'
https://www.defense.gov/News/Releases/Release/Article/3529874/department-of-defense-enters-an-agreement-to-expand-domestic-manufacturing-to-s/
Come on MKA, put us all out of our misery!!! Tough seeing sub 10p again after last weeks great news. Hopefully news this month as another "save the share price" presentation won't wash.
Dr. Lazarus Chakwera
@LAZARUSCHAKWERA
·
9h
At #InvestInMalawi Forum, we have promoted Malawi as a viable investment destination. Huge opportunities in Agriculture, Tourism, Mining, Health, Education & Infrastructure development. Come, invest in #Malawi.
'This morning European Commission President Ursula von der Leyen delivered her annual State of the European Union speech.
President Von der Leyen announced a new ‘Wind Power Package’. And concluded: ”The future of our clean tech industry has to be made in Europe”. The European wind energy supply chain is struggling. Unless we change our policies, we could lose European manufacturing.
The EU and Governments have set ambitious targets – 420 GW of wind energy by 2030. But the reality in the wind industry does not reflect this ambition.
And the struggles of the European wind supply chain mean Chinese turbine manufacturers are now starting to win orders.
President Von der Leyen called the wind industry “a European success story”. But wind can become an even bigger success story for Europe.
Many more workers will be needed to build wind farms – translating into at least 200,000 extra jobs by 2030 and billions of investments in individual EU countries.'
https://www.4coffshore.com/news/president-von-der-leyen-says-wind-energy-must-continue-to-be-made-in-europe-nid28050.html
Nice:)
'In the face of climate change, Scotland has emerged as a global leader in renewable energy. Yet, a vocal minority continue to undermine it. Last week, headlines reported that the decommissioning of wind turbines has become a “major headache” for the industry. Let’s set the record straight.
Dr. Charlotte Stamper, Energy Infrastructure Lead at EMR, highlights some critical facts:
1. Carbon Payback: Wind turbines offset their carbon footprint within a year and provide decades of clean energy.
2. Recycling Efforts: EMR, and others, are actively recycling turbines as they reach the end of their operational lives, recovering around 85% of the total mass as recyclable steel from each turbine.
3. Collaboration: EMR recently launched Re-Rewind, a project that will create a sustainable, circular economy for the rare earth magnets that offshore wind turbines contain, boosting the UK’s resource security and avoiding the nature-depleting mining of virgin material.'
Offshore wind turbines are an end-use market for steel that goes into foundations and nacelles (boxes for turbine elements), copper for cables, molybdenum for gears and neodymium for permanent rare earth magnets.
“The offshore wind industry consumes about a conservative 220 tonnes of neodymium-praseodymium oxide (NdPr) per GW of installed capacity,” said Anne-Marie Sylvestre, a sustainability consultant for the rare earths industry and former global lead sustainability at Australian producer Lynas Rare Earths.
Sylvestre estimates that NdPr content in the current installed 64.3GW is around 14,150 tonnes.
“If the GWEC’s estimate of 380 GW of new offshore wind installations by 2032 is correct, then the industry will require about 83,600 tonnes of NdPr over the next decade,” she added.
Brussels-based Rare Earth Industry Association (REIA) estimates that the industry would require an average of 30,000 tonnes of rare-earth permanent magnets per year, or a total of almost 290,000 tonnes between now and 2032, based on the GWEC report.
REIA’s estimate is based on capacity of 28 GW being installed each year from 2023 to 2027. This amount then doubles to approximately 52 GW per year from 2028 to 2032.
Current annual consumption of neodymium is around 60,000 tonnes, according to Fastmarkets’ estimates.
“The data indicates that the demand for these magnets will more than double every five years, not accounting for competing demand from onshore-wind installations and electric vehicle (EV) deployment,” REIA said.
Sylvestre also said that her estimates did not consider the additional demand from onshore wind turbines, which use neodymium magnets but in smaller amounts.
Rare earth magnet supply
“Apart from current expanding production capacity, I see recycled NdPr extracted from offshore end-of-life wind turbines as a significant NdPr source within a 10-year timeframe,” Sylvestre said.
She added that there is no reliable method to recycle these materials at present, mainly due to safety, economic, and technical hurdles in retrieving and reusing the magnets.
But recycling is a considerably faster approach compared to initiating entirely new projects, and new developments might potentially reduce the quantities of rare earths needed in magnets, Sylvestre said.'
https://www.fastmarkets.com/insights/offshore-wind-industry-in-need-of-rare-earth-magnets
Of the Birmingham Conference:
'Key Highlights of REEsilience’s Participation:
Prominent Booth Presence: REEsilience’s booth was a vibrant hub for knowledge sharing and networking, inviting attendees to engage with the consortium’s work.
Recycling Emphasis: Prof. Carlo Burkhardt (Universit of Pforzheim), the coordinator of REEsilience, stressed the significance of permanent magnet recycling. His insights included Europe’s imperative need to reduce reliance on imported rare earth magnets, the transformative role of hydrogen in NdFeB magnet recycling demonstrated by the SUSMAGPRO project, the idea behind the REEsilience project and the promising potential of HPMS for sustainable magnet production.
Innovative Research: Mihaela Rebernik of the Jozef Stefan Institute presented her research within the REEsilience framework. Her work focused on enhancing the performance of recycled Nd-Fe-B magnets through innovative methodologies such as grain boundary engineering and spark plasma sintering (SPS). The integration of Nd-Cu was identified as significantly enhancing the intrinsic coercivity and remanent magnetisation of SPS samples, offering a pathway to optimising recycled magnet properties.'
https://reesilience.eu/reesiliences-repm-2023-highlights/
A lot of work is going into getting the recycling right and the products from it to be commercial...
President Lazarus of Malawi, yesterday in New York:
'At the Invest In Malawi Forum yesterday, we promoted the new Malawi as an opportunity, mainly within a consortium of lead sectors termed as the ATM Strategy (Agriculture, Tourism and Mining).
Over the past years, our administration has made relevant structural and legal improvements to the doing-business environment to give investors better returns from their capital, not only in the ATM bloc but as well as health, education and infrastructure development.'
This is all new for Malawi they have never been a major mining player and got screwed by Paladin with the one big player mine they had...
I don't worry that the MDA will come but jeez the wait might see the hair on my head growing back :)
Keith Bowes of Lotus talking about their MDA negotiation a week ago said he was confident he thinks there'll be something to report back to the market on within the next couple of months. So November basically.
MKA were reportedly "ahead" of Lotus in Jan in negotiations, throw on top of that GBE's MDA and the recent positive comms from Lotus MKA and Malawi, we shouldn't be far away now.
And remember, the night is always darkest just before dawn......
As to WD: I'm sure he knows what he's doing (with his cash as well)
GLA
Standard market panic selling?
Timing of sales ?
Totally perplexed
Does make you think - thumping sells again - love to know where all these shares are coming from .........
Last meaningful mention I can find of songwe in RNS was 26th Jan where they were upbeat that an agreement would have been due shortly ( from that date) still waiting an update of any kind.
10,000 shares 9.88 to sell and 10.22p to buy
Not suggesting he's sold - just, perhaps, his shares aren't where he thinks they are if you catch my drift - not that £100k of shares is really enough to use to move the SP anyway but things do get "lent out" from time to time by the spivs in the background ...
It seems pretty clear to me this is in a vice-like grip for probably very good reasons but you can't blame some for failing the patience test - it's that test that's, perhaps, aimed at picking up shares from what few sellers remain at 10p, if there's any at all in reality of course, I've not seen NTing like this before, even when there are plenty of "sells" ...
Agree been weird for ages going to negotiated to buy on a supposedly falling day etc ...I'd be really surprised if Wills been dumping...can always write and ask they do get back