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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.
Worth a read:
https://japannews.yomiuri.co.jp/politics/politics-government/20230406-101783/
Building recycling hubs that then manufacture rare earth magnets can though... oh hello! :)
The recycling route will bring profits far sooner than the mining route as COTEC said
Japan gave China much of that tech and manufacturing ip
And to be clear last time they blocked the export of product this time its the block of manufacturing technology and ip.
Can they legally do this, yes.
If there anything we can do to mitigate it, not really, building a mine won't help.
And it backfired
They've done it before ...
https://asia.nikkei.com/Spotlight/Supply-Chain/China-weighs-export-ban-for-rare-earth-magnet-tech
China won't pull the plug, it's counterproductive.
Your response to me is asymmetrical.
Anyway, back to what matters - the China pulling the plug on Rare Earths exports vibe is building:
https://twitter.com/BurggrabenH/status/1644326884426104832?s=20
They vastly over extended the investment requirements and made no effect to produce a creditiatable investment case.
Never even bothered to produce a DFS after cancelling the BFS. Nevermind their thorium problem.
It's not just about credibility, it's use of the international banking system, the IMF, subsidises and trade deals.
China isn't going to break a system that allows them to invest securely.
>>They're a sovereign state, they can do what they like - there's no such thing as international law, only local laws.
That point blank wrong. African states and China will stick to international laws and mining agreements because its in their interests to do so and because internal courts will apply penalties which will be collected.
I guess it's perfectly possible MKA could sell Songwe to the Chinese but I don't think it's possible Malawi could or would nationalise Songwe at undervalue or otherwise rescind MKA's Songwe licences. Malawi's building international credibility for example with the US and with deals like with GBE. The money Malawi will get from the royalty and equity stakes in Kanyika Songwe etc depend on its political fiscal and legal stability. Malawi's maturing.
https://www.linkedin.com/in/william-dawes-50881352/recent-activity/
Yeah
Have they done that before? There's poor old Lindian resources and others spending a pretty penny in Malawi right now you would think if a gov that just recently gave Mkango ESHIA approval for Songwe were then to somehow just snatch it all away to gift some mythical imaginary Chinese offer that all western companies would pull out and never invest there again ....to my mind that is not a worry here
Bonker, I can assure you that I’m not so feeble minded as to think that a question I, or anyone else for that matter, might ask on here might in anyway affect the share price of a company. And as for your point about ‘they’d get a bad name if they did that’ - I just think it’s naïveté. International norms are now no longer that. This is the age of guess what happens next. But your first paragraph does give some substance. Legally, they can do what they want.