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Looking forward to Hypromag's progress reports this year. To see some detail, meat on the bone. Sales figures, volumes, specs, profits, projections etc.
JT's super enthusiastic comment that 3000 magnets have already been produced in Tyseley suggests it's proceeding apace. That equates to about 1000 a month so far. I assume it's the smaller magnets only atm, eg for consumer electronics (and maybe for those robotic arms for gall bladder removal tweezers)!
I get the strong impression Hypromag leads the space by some distance. Hiron a bit limited perhaps.
'In the UK, the University of Birmingham has developed a method for extracting rare earth alloys from old electric motors and computer hard drives, for example.
A spin out company, HyProMag, has now successfully extracted rare earths using the technology, and aims to begin commercial production of magnets using such material later this year.'
https://www.bbc.co.uk/news/business-68629800
I wouldn't be surprised if we also don't end up having some form of commercial tie-up with Bunting beyond the current research one
To us in this article but nice to see more coverage and HyproMag getting the message out
https://www.fastmarkets.com/insights/rare-earth-magnet-recycling-technology-branches-out/
“Recycling is on everyone’s agenda: you cannot have strategic minerals like rare earths getting lost in landfill,” Dawes said.'
'Since dismantling is a costly and energy-intensive process, Dawes said, HyProMag’s “big solution” is the separation process resulting in magnet powder, which has lower costs and a lower carbon footprint compared with both long loop hydrometallurgical recycling processes and conventional mine-to-magnet production.'
The two 50k trades look like Bed and Isa/Sipp type trades, which are often put through well below the sell price. I was dummy selling at 6.8 at the time.
That's the intention
Nice article on the various processes for RE Magnet recycling.
You can see why HyProMag will be the chosen method for short loop recycling
https://www.fastmarkets.com/insights/rare-earth-magnet-recycling-technology-branches-out/
Timing and price suggests it was a buy not a sell?
Where is the stock over 6.8p to pay for £23K? (350K)
So someone sells 100K at 6.5p and on barely any volume an hour later someone gets 350K out at a much higher price?
O for a simple reporting system. All trades reported in real time, tagged "buy" or "sell". No exceptions.
It'll never happen though. Can't have PIs competing on a level playing field. That really wouldn't do...
The buy order was not raised today. That's all I can say tbh.
Make your own call of course. Not my position to suggest how you invest your hard earned.
Timing and price suggests it was a sell
The 350 was a delayed buy. I know who it was. I assumed it moved the offer earlier.
I’m buying but someone is still selling large chunks. I hope it’s them that’s making a big mistake and not me.
Does make me laugh when he says the technologies are currently worth hundreds of millions of dollars, and in a few years should be worth many billions of dollars
Even if JT falls short by 90% we should all do very well! Plus, who are we to argue with his forecasts... the man has tremendous credentials and unlikely anything we see over this side of the pond, has put a small fortune into the company.
Should be a good year :)
Serious no brainer investment, watch the recording if you haven't.
The potential outside of Malawi is frighteningly exciting. Adding more as funds allow.
I'm super excited to see how this all plays out... our BOD ain't stupid they know they need to hold onto as much of HyproMag as possible which is why they didn't sell off more of it to Cotec or indeed anyone else instead of raising ... cashing in on the mining assets will no doubts be the next strategic manoeuvre, how easy that is with this Malawian Gov is anyone's guess
And super green!
I hadn't previously appreciated that Cotec is 70% owned by management and the bod. Julian alone has 40% which he's increasing to 50%! So it's basically their own money going in to the technologies. A good sign. CAD 30m mcap, assets currently worth 10x that, scalable to billions.
Https://www.youtube.com/watch?v=icwGr0A1KUc
Julian mentioning £££££££££'s - Super exciting!!
It's looking good.
Hypromag achieving commercial production this year, and the level of income streams that delivers is v important and much will turn on this imo.
I think Dawes and the bod have been very astute. Clearly they haven't quite been able to bring in a comprehensive funding package just yet, but it's coming....
25/3: "Discussions are ongoing with potential strategic investors, project finance providers, grant funding bodies and other sources to finance recycling scale-up opportunities and further technology roll-out"
The cost cutting and small raise to create the financial runway "to enable MKA to achieve key milestones for HyProMag" seemed very considered, well thought out, and achievable.
If the stars align, these milestones, the income stream, the ability to borrow against it, coupled with the strategic review helping MKA to do the right thing with the mine and refine sides of the business, should enable MKA to get a favourable comprehensive funding package for the long term. Then no more worries about raises and running out of money basically.
Multi bagger from here imo as the market wakes up to the opportunity.
We've just got to manage costs long enough to get to the promised land
In 2026 'HyProMag' will be worth $100m+
Depending on what exposure we have at that point will determine our rewards
Needle moving now.
Revenue generation has begun, low market cap cannot remain imho. Peers at multiples with no revenue
Price not moved yet but volume of stock available at 6.5p has dropped considerably.
All falling into place.
Buying not moving the needle at the moment but expect momentum to 10p over next few months.
Looking forward to next hypromag update. Less bothered about MDA now but that will be a bonus.
So as many suspected he was hired mainly for HyproMag purposes:
'Finally, the company has appointed Robert Harward, a retired Vice Admiral, US Navy, SEAL and a senior defence technology executive to the board of CoTec. Mr. Harward will be focused on supporting and guiding HyProMag USA in the application for US Government Grant support and long-term strategic supply of Rare Earth permanent magnets to US Government Prime contractors.'
Support and guidance basically meaning... I'll call me mates up and let them in on a good thing :)
Https://finance.yahoo.com/news/cotec-holdings-corp-provides-operational-110000047.html#:~:text=Senior%20representatives%20of%20the%20Company,including%20the%20Government%20of%20Qu%C3%A9bec.&text=Since%20its%20approval%20on%20January,ranging%20between%20%240.60%20and%20%240.69.