Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Game on IMO.
Although now patience level 14 of 10.
That's just general market sentiment at the moment, nothing unique to MKA. But if you're an investor you don't want to get caught out not holding on the days when it does jump.
That recent video with the board members shows so much confidence. If the sp drops close to 9p then I'm buying more.
At the risk of being labeled a FUD merchant, I do worry that so much momentum has been lost that even these news events will just see a quick rise followed by heavy selling. No matter how good the news. Alway happy to have my fears allayed though!
I tend to agree Silvermaple. Needs some actual news. Not just a recap of past events. MDA, off take agreements and recycling plants commissioning are game changers... but when will they arrive? Waiting game has been tedious for a long time
Going to take more than video presentation dog and pony show to fix it
When you're playing with the US govt then you tend to know which side your bread is buttered on and do/say what you're told to do /say.
Remember this:
https://mw.usembassy.gov/the-department-of-state-begins-construction-on-new-u-s-embassy-in-lilongwe-malawi/
Remember SVML's rutile deposit is the biggest in the world ever. And it's plausible MKA's will be even bigger! MKA need a good reason to keep it on the back-burner. So I suspect they must be very confident a decent Songwe MDA is round the corner, to be focusing so much on that, rather than the rutile.
GLA
Here he is, right on queue. After his "should I, shouldn't I" escapade. How's the bruise on the back of your head after the door hit you??
They didnt they noted an asset which is low priority.
Malawi's and Rio's excitement about Sovereign's rutile indicates the Songwe MDA has to be v close surely. Why else would MKA soft pedal on its rutile...
We know from the webinar Q&A the Rutile resource is on hold for now due to costs and obviously the Songwe MDA being the priority but according to Yami who always comments on The Ministry of Minings posts ...Mkango he thinks ...and he does seem to know about these things.. is sat on the biggest amount of Rutile in Malawi...
'The current market price hovers around $1350 per ton, but Sovereign Metals Limited Sovereign Metals Limited has managed to secure premium buyers willing to pay in excess of $2000/ton.
While this project is being promoted as the largest rutile deposit globally, it is essential to acknowledge that within Malawi, there exists a potential project with Mkango in Dowa that could even have triple the rutile reserves compared to Kasiya.
This emphasizes the need for careful assessment and consideration of all available opportunities.'
https://www.facebook.com/photo/?fbid=278195238190987&set=a.200109085999603
Morning guys.
That US Senate bill is something else - no wonder Cotec are all over us - they're smart, moneyed and connected ........
This tax credit stuff is right up Elon Musk's alley.
It's gonna be big.
RNS tomorrow maybe...good news!!
The danger of Chinese state sabotage maybe....
I'm pretty sure most parts of the plant are now there..the 'washing machine Drum I think arrived a couple of months back
Yea it's been removed. Not sure why .
https://twitter.com/glr_1990/status/1682467002848247811?t=GlLJCj91DBUbN75_FoZstQ&s=19
Has that link on LinkedIn been taken down or is it just me??
And this Bill has now gone to Senate:
'The bipartisan bill creates a $20 per kilogram production tax credit for magnets that are manufactured in the United States, or $30 per kilogram for magnets that are both manufactured in the United States and for which all component rare earth material is produced and recycled or reclaimed wholly within the United States. To be eligible, the rare earth magnets may not include any component rare earth magnet material produced in non-allied foreign nations such as China, Iran, North Korea, and Russia.'
That gets passed.... boom time Cotec/Mkango :)
https://swalwell.house.gov/media-center/press-releases/swalwell-and-reschenthaler-introduce-bill-incentivize-american-made#:~:text=The%20bipartisan%20bill%20creates%20a,reclaimed%20wholly%20within%20the%20United
And once HyproMag is fully owned the US newsflow will soon come especially when you weigh in factors such as this !
https://www.mining.com/web/dead-ev-batteries-turn-to-gold-with-us-incentives/
'A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China’s dominance of the field.
The IRA includes a clause that automatically qualifies EV battery materials recycled in the US as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using US-recycled battery materials for EV production incentives.'
This is all cutting edge, you can't just rock up at the local rare earth recycling equipment shop and pick this stuff up. Exciting, once the blueprint is in future plants will be much easier to commission.
Absolutely massive news IMO!! It's just proof that whilst many think that the company is doing nothing, it's in fact nothing but! They've actively been working behind the scenes putting this humongous jigsaw puzzle together! Travelling around the globe securing feedstock for our Hypromag program, establishing a feasibility report for for future expansion and negotiating third party expansion partners.
When that MDA lands, Jesus, this will accelerate substantially! It'll be hard to keep up as they're ideally positioned to fill a gap in the market that is widening on a weekly basis with all the groundwork laid!
A lot of investors want to see bangs and flashing lights, and I have to agree in most cases the 'PR' aspect of the BoD/Company is lacklustre at best... but no doubt, they're not idle and consistently working away securing a solid company!
Probably news on full Hypromag purchase next week that ought to unlock further positive newsflow
That's great to see. Looking good for production timeliness and profitability
'Delivering a 88% energy saving when compared to primary sources, this will be the only place in the UK where Sintered Rare Earth Permanent Magnets are manufactured at scale.'
Worth something that
The plant is coming together :)
https://www.linkedin.com/feed/update/urn:li:activity:7088157537694277632/
Hmm you may be right
we own 80% of HyProMag, but Cotec will get a 50% stake in the US sub directly (not via Maginito) so correct would end up being 60/40 in favour of Cotec
I can live with that but thanks for pointing it out!