Member Info for bonker99

They're willing to let someone develop a Rare Earths mine on their land mate - most countries won't do it because it's so toxic - they're in a strong position but then so are we cos there ain't many fully costed Rare Earth projects around - it's a win/win.

Added

Agree that the mine/MDA is irrelevant with respect to putting a floor on the mcap - the sum of parts re all the recycling stuff easily supports a c£15m mcap floor.

An MDA, however, makes Songwe sellable and given its strategic nature, the current price of Neodymium may not be as critical as you may think, if people need the commods then they need the commods, period.

"Argo Blockchain plc (LSE: ARB; Nasdaq: ARBK), a global leader in cryptocurrency mining"

Oh really, with an 18 coin HODL and mining half what you were a year ago?

"Pre and all others then have a problem then, China will control pricing indefinitely making it uneconomical to mine, as is the case today."

Like when they banned Japan from buying their Rare Earths and it sent the price vertical?

The reason I posted the news of China's big commitment to defence spending last night is precisely because there's a fairly good chance that they withhold Rare Earths from the West should any conflict kick off and that could happen at any point re Taiwan/the US or simply as another economic tit for tat.

Moreover, remember the critical Rare Earths usage in the military and the diversification of supply that the EU have mandated in their Critical Raw Materials Act - no one country can supply the required commodities and China currently supply 80%+ of Rare Earths to the World.

It's 98% of the reason I'm here, not withstanding the currently crushed price of Neodymium but then we're at 6p instead of 60p ...

"The CRMA sets targets for the 17 strategic raw materials - the bloc should be mining at least 10% of its annual requirements by 2030, as well as recycling 25% and processing 40% of its needs. No more than 65% of EU annual needs should come from a single third country"

Yes - it doesn't matter what you think of the individual numbers that make up the full economics of Songe because it's all factored into the NPV which puts its market worth, upon MDA and a return to prior Neodymium highs, at c40p.

CHINA PLANS 7.2% RISE IN DEFENSE SPENDING, BIGGEST IN 5 YEARS

Talk about a credibility boost ...

F-l-y-n-n - weird censorship ...

trump wanted him to replace *****!

YES

YES

YES

Write down the exact date/time you said that ...

GLA

And lower.

Let's go!

Don't blink peeps.

Five weeks chaps.

Nothing I've seen - other than the SP destruction - suggests a bucket shop placing is on the cards.

The EU act passes really soon IIRC and, yes, there's billions of funding for ESG companies knocking about so I would be genuinely surprised to see something else happen - I'd also be genuinely surprised to see this close a week below 6p.

FWIW - I expect Neodymium to bottom out with about another 10% drop - very timely.

Copy that

Daily RSI heading towards 20 now and oversold on the weekly - she's not likely to stay down here for very long.

Lots of.