Member Info for Bridgedogg1

All the matched trades obviously to do with the placing. Majority of the market orders are buys, just not pushing the price up. Hopefully the churn will be done soon.

What I find frustrating is that we have seem so many large buys on the Ask and the price doesn't move up, then we get a couple of small sells and the price immediately drops. Usually a buying spree as per the last couple of days would have sent this climbing up fairly rapidly. May be an indication that there are a few shares floating around as a result of the placing. Once cleared this will be free to move upwards.

Worth noting that the funding for HyProMag in Germany is now complete AND we’ve increased ownership to 67%. All for a bargain £2.5m

Nov:
“The total cost of the Project is expected to be €6.1 million, of which approximately 60% will be funded by the grants, on the basis that for each €1 spent on the Project by HyProMag GmbH, a further €1.50 contribution can be claimed from the grants. The first phase of the Project includes development of a production facility in Baden-Württemberg State with a minimum capacity of 100tpa NdFeB comprising recycled rare earth sintered magnets, alloy pellets and powders.”

Feb
“This investment by Maginito will contribute to the matched funding requirements to unlock the €3.7 million (approximately C$5.3 million) grants announced by Mkango on November 23, 2022, for development of a production facility in Baden-Württemberg State..”

Last chance under 13p. Wow those IIs got a real bargain today.

Someone is hoovering these up

I'm in, just for the short term mind. Easy 50% rise I think, though long term looks like a good bet too. I had been watching this but thought I missed the boat, the placing gives a golden opportunity to get in before some key events that are bound to move this up in light of the placing already being done.

This week could see a very nice rebound.

Seems that the selling has finished judging by Fridays trades. No TR1s but that doesnt seem that unusual here. My charts shows £1 rebound could be seen very quickly. I would say that from there it depends on financials but t large pots held in too few hands means if one of them sells its very painful. On the flip-side it has a small free float which could trigger a scramble for shares. Hopefully the latest tranches are in sticky hands. This has a small following so needs fund buying. Depending on your strategy the graph is either very off-putting or very attractive.

The cash position is solid, its generating free cash even with the acquisitions so safe as it can be for March results.

I doubt it
The Board's expectation for revenue for FY23 of £100 million to £114 million, would deliver an IFRS operating profit in the range £2 million to £10 million.

A good day in the end, no more large sells and the buys coming in this afternoon.

Only a bit more delay on top of the 18 months ago originally planned so not worth worrying about it.

Wow, you can buy half the company for £70k, might just be worth it...

ShearClass, of the first group of trades this morning, every trade was priced lower than the previous one. Clearly then were sells. Despite the spread it looks like the majority of trades have been marked correctly as either red sell or blue buy.

Ted, there is no way to know whether this will go down or up, it depends if the selling is done - which it seems to be - and how the market will react to the current price. Seems cheap to me. Other big drops here have resulted in 50% gains in the following weeks, I dont think that scenario can be written off just yet and I know you are waiting to buy so you may just miss out with the speed at which this can move.

Netease came in pre IPO for less than the sells that recently went through as far as I can work out.
There’s also all the acquisitions be s that involved share payments (a very shrewd move for us now considering what has happened to the share price) where the lockup may have expired??
The only other person it could be us the founders, and they wouldn’t be able to sell with insider knowledge of any unknown (to the market) issues.
Must be Netease IMO and once confirmed I think the SP will react/recover positively. There’s no way they could have offloaded that number of shares at the prevailing market price. Looks like they wanted the money quickly. My only concern is that there have been no TR1s since drop from £3. Seems an unlikely scenario.

I doubt it’s Franklin templeton - https://www.franklintempleton.co.uk/campaigns/uk-smaller-companies-transformative-trends-content-and-ip-creation
Swedbank seem to have reduced their holding earlier in the year, left with 5m shares.

https://internetbank.swedbank.se/ConditionsEarchive/download?bankid=1111&id=WEBDOC-PRODE99203131

“ until long hole stoping forecast to commence in Q2 2023 commences mine production will be the limiting factor for gold production.”

I think we have seen the last of the negotiated trades for now. Todays steady trickle of sells seems to be reaction to the uncertainty. I think the TR1s will clear things up and this can push upwards.

This was £2 a year ago and currently half the price it was in December. Underlying figures have been solid. I think we are just seeing profit taking by the original investors.

With all these huge sells being at the same price its clearly not open market sells. I assume we will see TR1s for seller and new investor.

IPO'd at 225p(?) and now down to 60p as a result of original investors cashing out. Results have vastly improved. Company has expanded, which was part of the rationale for the IPO. Income streams have been massively diversified. Cash in the bank. Needs to now consolidate IMO. Tech companies coming back into favor along with this artificial drop makes this a very attractive price point.

Seems to be institutions swapping shares off market

Someone is out and someone else is buying. I'm in for the ride. Fingers crossed.

The orderly large sells continue. Solid buys too but not yet enough. Wait til mid day and see what the postman brings.