Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Cotec are marking it to market.
It's right there in front of you - do the math.
No such thing as a floor on AIM.
Below the current mcap I should say.
sure but *** packet math also tells you that this can't drop below the current sp ...
Movement even on a positive RNS seems the MDA is the thing to move this share they need to get that over the line.
At least it incentives Cotec to get a move on ...
'As announced on 14 September 2023, the roll-out of the HyProMag technology in the US is continuing with ongoing scoping studies ahead of the commencement of the feasibility study. Discussions with the US Government, potential customers and recycling partners have commenced and are ongoing. The US roll-out will be completed in parallel with UK and German based developments and is expected to benefit from operational experience and production ramp-up in the UK and Germany. First production is expected in the UK in 2023 and in Germany in 2024. Revenue from the US operation is targeted for 2025/2026'
More loans next that will eventually be converted. They are after all the prize
First we need to scratch that ticket :)
'⚙ Global motor power deployment up nearly 50% year-over-year
In June 2023, 260,000 MW of motor power was deployed onto roads globally in newly-sold passenger EVs (BEVs, PHEVs and HEVs), up nearly 50% versus the same month the year prior.
Nine out of every ten traction motors deployed during the month were rare earth permanent magnet synchronous motors and/or rare earth permanent magnet assisted synchronous reluctance motors – both of which contain NdFeB permanent magnets.
The runaway success of permanent magnet motors in the EV market is because these motors are up to 15% more efficient than alternative motor types and are the most power-dense type of traction motors commercially available in both weight and volume terms. EVs that employ induction motors and electrically-excited synchronous motors bring up the rear.
In June 2023, China was responsible for 48% of all motor power deployed onto roads globally according to the latest Adamas Intelligence EV Motor Materials Monthly report. Mirroring EV sales trends across the world, Europe was responsible for a further 24% of motor power deployed globally.
While growth rates in China and Europe are nothing if not robust, some markets in the rest of the world are expanding exponentially, albeit from a much lower base.
🚀 Indonesia fastest growing market outside China and Europe
Top of the list of the five fastest growing markets outside of China and Europe is Indonesia where the combined power of EV traction motors deployed onto roads in the country in June jumped 956% versus the same month the year prior.
Australian motor power grew 715% year on year in June, but the size of its EV market is more than six times Indonesia’s. Australia’s base is also catching up fast to Canada’s with the 2,900 MW deployed down under in June within shouting distance of its Commonwealth peer. Conversely, Canada only deployed 29% more motor power year on year.
In third and fourth place were Vietnam and Turkey, which deployed over 600% and 500% more motor power onto roads in June 2023, respectively, compared to June 2022.
Taiwan, the fifth largest traction motor market outside China and Europe saw 341% growth.
In all, ex-China and Europe motor power deployment amounted to just under 75,000 MWs in June 2023, a 65% jump from the same month of last year.'
https://www.adamasintel.com/fastest-growing-ev-motor-markets-outside-china-europe-june-2023/
It is not only the endless wait for the mda that has killed the share price. the last financing at 12p was a serious kick in the nut sack to long time shareholders. some big fish have since dumped tens of millions of shares to show their displeasure.
I am largely in agreement with Billybawb but as I alluded earlier to much derision, if shareholders were paid every time our esteemed board used the word imminent, we would all be a lot richer. Imminent is a description of time not a space filler.
We just have to hope it is more profitable for the Malawi Government to cut a deal with Mkango and the other current crop of mining hopefuls, rather than squeeze us all out as we wait for Godot. I think and hope they will, but as it seems with our esteemed board, I have zero influence.
Hopefully the stars will yet align.
Opportunity cost will start to bite, me included, soon if no announcement. The progress and company are moving well BUT are too quiet after saying MDA in the next few weeks months and months ago and nothing yet.
An easy hold in theory but the question is how long towhen investment could be gaining elsewhere, I don't think any holders doubt the company or it coming good, more just how long do we wait with nothing happening. How much opportunity cost do I take? That's the issue.
MKA have to make announcements soon or in the next month or so I wouldn't blame some retail holders getting frustrated, as i am, but been 3 years so personally keeping held for now.
Comms and some updates are due on the MDA to be fair no matter how positive it appears, until the company confirms MDA out or on track the doubt will persist.
Come on MKA :)
For a few now but nothing has changed, well actually many aspects of the business have changed and are progressing. The MDA waiting has killed this share, for now but why sell at a loss unless you have to….?
Sovereign has released some impressive PFS figures ..... Again there is a real possibility Mkango are sat on an even bigger resource right next door:
'Kasiya, located in central Malawi, is the largest natural rutile deposit and second largest flake graphite deposit in the world.
The proposed mine is estimated to have the capacity to become a world-class producer of rutile at 222,000 tonnes per annum over an initial 25 year life-of-mine and the potential to become one of the world’s largest natural graphite producers outside of China at 244,000 tonnes per annum.
Robust financial numbers
Along with identifying high-quality production upside, the pre-feasibility study also confirmed the significant financial benefits associated with a Kasiya development.
This includes total revenue over a 25 year life of mine of around $25.2 billion, an after tax internal rate of return of 28% and an initial capital expenditure forecast of approximately $940 million.'
'Malawi to Share Mining Sector Ambitions at Critical Minerals Africa 2023
Malawi’s Minister of Mining, Hon. Monica Chang’anamuno, will speak on the country’s untapped mineral resources, evolving regulatory framework and community engagement efforts at the upcoming Critical Minerals Africa 2023 summit'
https://energycapitalandpower.africa-newsroom.com/press/malawi-to-share-mining-sector-ambitions-at-critical-minerals-africa-2023?lang=en
'The government has taken several steps to generate investor confidence in its mining sector, with a view to attracting foreign investment flows'
Good find, didn't realise a large scale mining license is so cheap! ~£2K when you convert
Id expect the new 10% investment clause is the big issue here, among FX reserves, and local issues like inflation, fuel shortages, food shortages, and a transition to a new mining government over the last 12 months
Not to mention a serious debt pile, almost $1bn USD In debt now Malawi, and just got a bail out from the IMF
China and India also providing finance, and investing in the country, so may have a say who gets first 'dibs' on certain projects, especially strategic ones like rare earths
Plenty of local issues and hurdles in Malawi standing in the way of our MDA, however it has been 14 months so hopefully resolved soon
Https://twitter.com/DrJohnnyHon/status/1707349976773505191/photo/4
Maybe these fees are the sticking point!
IPA, I agree. As management said at the last presentation there are very few projects world wide that are at the stage of Songwe. Pulawy makes the figures more attactive. If we can just get Malawi over the line, the "one stop shop" becomes a bit of a unicorn. The drop in share price doesn't make this any less likely to happen, the last update we had was "there's no reason that we won't get this MDA"
Well there is something more important than economical - and that is supply chain security. Sure it makes more economical sense now, but then "we are now tripling the price of x y z RE". Oops. now it is uneconomical to buy RE elsewhere but you don't have a choice whatsoever. Western governments are still drunk and asleep at the wheel in this case (amongst others).
Probably trying to drive the price down to make western projects uneconomical.
Https://www.google.com/amp/s/chinaeconomicreview.com/china-ups-rare-earths-production/amp/
' the Department of Defense has invested a whopping $94.1 million in E-VAC to bring to life a rare earth permanent magnet manufacturing plant right here in the U.S'
A telling point is the recent order from General Motors (NYSE: GM) to VAC: a requirement for 1000 tons of magnets per year to be delivered beginning mid-2025. This order aligns intriguingly with the announcement that the new E-VAC manufacturing facility, bankrolled by the Department of Defense, is set to be operational by 2025. Given that the factory’s projected capacity is 1500 tons annually, it’s compelling to infer that General Motors might source its order from this very plant.
Still, there’s a broader implication to this move.
'Defense doesn’t invest in consumer markets. Its core mandate is national security. The F-35 fighter jet, for instance, is believed to use substantial quantities of rare earth permanent magnets. This means the primary output from the E-VAC facility might be earmarked for defense purposes, with consumer needs taking second place. The scenario painted here is a deliberate strategy by the Department of Defense to ensure a domestic supply chain that meets both defense and commercial requirements.
However, a pressing question arises: where will the raw materials for these magnets come from? As of now, no U.S. entity manufactures these in quantities that a 1500-ton factory would demand. The primary Western supplier today is LCM of England, but its output is a mere fraction of this requirement.
This move by the Department of Defense is historic. It represents the first significant announcement of a large scale commercial rare earth permanent magnet factory in North America, since Magnequench was sold and moved to China nearly 25 years ago. But as this initiative takes shape, stakeholders will be keenly watching to determine the origins of the raw materials and the supply chain dynamics that this factory will engender.'
https://investornews.com/critical-minerals-rare-earths/a-landmark-moment-u-s-dept-of-defense-makes-bold-moves-in-rare-earth-magnet-manufacturing/
Maybe fits in with that Pentagon interest in Songwe?
The US now needs none Chinese REE supplies to manufacture its own magnets as a matter of national security.