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Yep looks like a buyer is taking out a seller, although why it is across multiple trades I am not sure... you would think they would just do it all as one large transaction. Perhaps the seller was/is trying to crash the price, so the buyer is sitting on the book taking up the stock. I doubt they are working in co-operation but could be wrong.
Another couple of/million turned up.
Who knows but it's extremely interesting - presumably they're stringing out a very large order in pieces so they don't have to declare until they're done - we're way North of 5% of the issue now in these huge trades.
I have never been invested in a stock in which millions of shares trade in single transactions on the open market. This has been going on for quite some time and adds up to ten's of millions of shares. all traded in huge blocks at one set price. this is not typical of a large stakeholder unwinding a large position. it does not make any sense to me. can anyone explain?
That's a helluva rollover or someone is hoovering these up.
If it hasn't been previously mentioned
Hypromag.com is worth a look.
Yes indeed Lewis the potential in Malawi is of course huge and wide ranging, never in doubt. I'm just trying to read between the lines and am wondering where the review will take us. Accept the geopolitics and carry on, or sell and monetize now, for example. That latter scenario would be an orderly exit not a firesale rush no doubt.
For MKA not to attend Malawi's inaugural annual flagship mining sector event despite MKA's projects and profile in Malawi, suggests a difficult relationship to say the least.
I think the review's the right way to go. I don't have a strong view about staying or exiting Malawi. You seem strongly in favour of carrying on. Any other views anyone?
I'm adding too btw.
US government I meant to say
Https://www.malawivoice.com/2024/04/30/chakwera-to-attend-us-africa-business-summit-in-texas-usa/
Hopefully some traction on MDA can result.
Not sure of the rush to move away from Malawi assets Flundra? Did you see the breakdown of the assets ansmd prospects owned covering beyond REE. Lots to be happy about and hold on to.
In the meantime I can see government investment coming soon as per rainbow rare earths. All pieces are in place.
Personally adding monthly and more relaxed about the recycling ride. Confirmation of revenue will kick this above 15p once more.
So has the short loop route plant been commissioned?
MKA should get some PR material out.
Target is/was "commissioning of the pilot scale (chemical route) recycling plant in UK to produce rare earth oxides and carbonates in H1 2024" ie by end of next month, just a few weeks away.
Re Malawi, now that the Mining Forum's been and gone without any sign of MKA, and with still no sign of an MDA, is the writing on the wall? The strategic review might steer MKA away from Malawi now. The market could respond positively. The better more certain opportunity is in recycling. Divesting Malawi assets if we're to exit would help funding too.
Great update
It's on twitter as well you don't need to sign in to see it
Profit-or-roll, where is that news from?
Worth tuning in. Nothing earth shattering but all on course re Hypromag.
"The people in Washington are well aware of it!" Julian on Hypromag
Just to think when I was a kid all I knew about magnets is that they stuck together or repelled each other. Now I’m learning about N45 standards and that ours exceed this. This time next year Rodney……
Notice the drop in bid this morning that hasn't been successful to shake the tree. The offer didn't change, oh the games.
This is in great shape, very exciting even without MDA
That is good news.
https://www.greatmagtech.com/news/neodymium-n45-magnet-a-complete-guide-69615615.html
Blimey ----
We are pleased to share a technical update from HyProMag.
Through continued research & development with University of Birmingham, as well as the improvement of several processing steps, HyProMag Ltd is now able to manufacture recycled magnets exceeding N45 in remanence & SH in coercivity. The technical update shows the hysteresis loops for short loop recycled magnets produced by HyProMag. These milestones represent customer standards for both high coercivity and high remanence applications.
HyProMag Ltd's short-loop recycling route for #NdFeB magnets is underpinned by Hydrogen Processing of Magnet Scrap (HPMS) technology, which was developed at University of Birmingham and provides the solution for liberating magnets from end-of-life scrap streams in a cost effective and energy efficient way. The resulting recycled NdFeB powder can be fed back into multiple points of the #RareEarth supply chain including (short-loop) magnet manufacturing and (long-loop) chemical processing and separation.
Ongoing scale-up and commercialisation of HPMS is supported by extensive piloting with over 3,000 finished magnets produced to date and being tested in a range of applications.
HPMS technology and HyProMag is supported by the Minerals Security Partnership aligned with HyProMag’s growth strategy in UK, Germany, USA, Japan, Canada and other countries.
Following the final approval of the EU Critical Raw Materials Act #CRMA, the EU has set a benchmark that 25% of the annual consumption of critical raw materials should come from #recycled materials. These and other initiatives to create more robust and sustainable supply chains are aligned with HyProMag’s growth strategy in Europe and beyond.
Upcoming milestones include:
- Initial commercial sales of NdFeB targeted for H2 2024
- Commercial production in Germany targeted for 2025
- Completion of the USA feasibility study by end of 2024, with production in 2026
To discuss magnet scrap solutions and purchasing, magnet and other product sales, please contact magnets@hypromag.com
To discuss collaboration and consultation, please contact technical@hypromag.com
Someone's pushing ...
Funds for Hydromag USA
CoTec Holdings Corp. Announces Initial Closing Of Non-brokered Private Placement
Vancouver, British Columbia – April 25, 2024 – CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (the “Corporation”) is pleased to announce that it has completed an initial closing (the “Initial Closing”) of its previously announced non-brokered private placement of up to 6,000,000 units (each, a “Unit”) at a price of $0.50 per Unit for gross proceeds of up to $3,000,000 (the “Private Placement”). Each Unit consists of one common share in the capital of the Corporation (each a “Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.05 for a period of 12 months following the issuance of the Units.
Pursuant to the Initial Closing, the Corporation issued a total of 4,141,025 Units for aggregate gross proceeds of $2,070,513.07. The Corporation expects to complete additional closings of the Private Placement in May 2024.The Corporation will use the gross proceeds of the Private Placement to fund the ongoing Feasibility Study for HyProMag USA, the Preliminary Economic Assessment of the Lac Jeannine Project and for general working capital purposes.
Kings Chapel International Limited (“Kings Chapel”) purchased an aggregate of 4,000,000 Units in the Initial Closing. Kings Chapel is an existing insider and Control Person (as defined by TSX Venture Exchange Rules) of the Corporaiton. Julian Treger, a director of the Corporation and its Chief Executive Officer, is a beneficiary of a family trust associated with Kings Chapel. As a result, the Private Placement is a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Private Placement is exempt from the formal valuation requirements of MI 61-101 pursuant to subsection 5.5(b) of MI 61-101 because the Common Shares are listed only on the TSX Venture Exchange (the “TSXV”) and is exempt from the minority shareholder approval requirements of MI 61-101 pursuant to subsection 5.5(a) thereof, because neither the fair market value of the Units to be issued to related parties nor the consideration to be paid by related parties pursuant to the Private Placement is expected to exceed 25% of the Corporation’s market capitalization as determined in accordance with MI 61-101. The Corporation did not file a material change report more than 21 days before the expected date of the Initial Closing as the participation therein by related parties was not settled until shortly prior to the closing of the Offering.
All securities issued to investors in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.
Early Warning Report
Who's the face?
Musk?
Wouldn't surprise me.
Just watch
Goup
I'm interested in why you think so
Very interesting this one