Member Info for DrantleyGicks

@stebol I promise I won't use the Literally word in this post - damn failed at the first hurdle.

This is a cracking read from some bloke - Daniel Mamadou. Happens to be the new incoming $MKAR director. A few not so subtle sign posts for the future.

https://open.substack.com/pub/leanspac/p/welsbach-weekly-what-makes-a-high?utm_source=share&utm_medium=android&r=5eqyvy

Always a fan of a little pedantry. I'll feedback to Bob

Just finished a half a shandy - slightly flat - with my mate Bob (Aka Gemini) down the pub

He's been looking at the proposed board. Nothing radical but the EMAT stuff looks interesting.

Take it for the drunken waffle Bob produces:

Just had a deep dive into the F-4 filing, and the proposed MKAR Nasdaq board is essentially a U.S. National Security and institutional finance dream team. This isn't a standard junior mining board; it is built specifically to unlock DFC and DoD funding:

• **General James L. Jones (Director):** Former NATO Supreme Allied Commander and U.S. National Security Advisor. He provides the ultimate political heavyweight cover to secure U.S. sovereign debt.

• **Daniel Mamadou (Director):** The absolute key for execution—he literally just took a China-free critical minerals company public on the Nasdaq via a SPAC (EMAT) five months ago.

• **Michael Abbott (Director):** Ex-Goldman Sachs and former CIO of the Cornell Endowment. He brings the exact institutional pedigree needed to syndicate massive construction loans.

• **Ian Brzezinski & John Raidt (Advisors):** Washington D.C. defense policy veterans (Atlantic Council/DoD) to ensure Songwe and Puławy are cemented as U.S. strategic assets.

They are clearly positioning this as a Western defense-critical infrastructure play, not just a mining stock.

Kat, I know you're a short term trader so this doesnt help you. However it's worth noting they have delivered the UK plant, delivered the German plant, secured the UK government grants, and completed the first hydrogen runs. They have proven the tech works at a commercial scale. Now, they are using that physical proof to unlock funding for hypromag usa.

There is a massive structural difference between an Official Opening Ceremony and a plant operating at Full Nameplate Capacity. No heavy industrial facility on earth hits maximum volume weeks after turning the power on.

Can we all please complain and get @Monteacute banned for adding such sickening posts to this chat. If Mrs Gicks looks over my shoulder and reads such drivel I will be in so much trouble #PolesApart

Feels like a relevant article....

https://open.substack.com/pub/thatstocksguy/p/monkey-need-oxygen?utm_source=share&utm_medium=android&r=5eqyvy

Shhhh not now Kat. Instead read the filings and let me know what you think.

Looks like a new floor of 65p a share with 79.4% ownership. And that's before Hypromag USA, Germany, UK etc etc

I'll wait for the real analysts and finance experts to crunch the numbers.

Exciting times, hope people locked I their holdings today and haven't missed the bus....

Had anyone heard from Biffa today? I heard rumours from my mates aunt down the pub who cuts the window cleaner at JFK airport that someone got arrested for stalking....

I'm sorry...we can't drop this....

Who else are you stalking @biffa 😂

It's been bouncing up and down by 40% all week. Super low liquidity.

I've been setting my portfolio in a similar set up, using the Dragonbear thesis so focussing on western friendly countries.

Looking at svml for titanium and BRES for Graphite. Still scouting around for a decent copper play. Definitely thinking medium long term, looking to invest early and take some risk. Hopefully along with #MKA I'll get one other right!

Still desperate to change the subject and have some positivity to read over the weekend...

The Bull Case:

No one wants the whole company. MKAR goes ahead, and an American player (MP, etc.) buys Maginito for $1.2bn, a slight premium on the base case ($1bn). That works out to roughly £1.98 per share.

Upstream MKAR - valued at $400m (£320m), which divided by the share count = £0.82 per share.

Final price: £2.80 per share. This sits at the upper end of the models for a fully de-risked enterprise.

Timeline:

September 2026 - MKAR listing goes live.

February 2027 - Germany hits 750 tpa, proving the scale-up tech. EXIM bank approves the $92m debt facility.

May 2027 - Tech is proven, funding is secured, and the $1.2bn bid happens.

What does that mean for me? Hitting financial independence a couple of years early. I'd start working in the charity sector offering financial education for young people and those in need (sounds like I'm trying to be worthy, but it would just be more satisfying than the current job, so selfish really)!

Your go!

I need something a little lighter to read over the weekend. Just pure enjoyment and big-picture discussion, so let's not get too serious.

Post your responses to this exam question...

A takeover offer is rumoured. How much will the offer be, and for what part of the company?

If broken up, what value are you putting on each area? (Some logic would be nice).

Stick a timeline in as well.

Finally, if your numbers prove true, what would that mean for your life and plans?

Enjoy

Also worth noting how long it takes to coordinate ministerial visits.

Patience....

This is my biggest frustration at the moment is the lack of Investor Comms regarding planning.

This is more about me trying to get it straight in my head so apologies for the duplication....

If we take it as red the £950k is to buy out the UOB share of the current kit allowing us to move up to 350tpa as per the initial fundraising rns. Mid 2026...

Then extra UK £1.250m raised as extra and allocated to "Capital expenditure requirements of the UK operations" (1st April rns) plus the...

"The second grant is designed to support detailed feasibility studies into the deployment of UK based manufacturing facilities for zero emission vehicle technologies and will support evaluation of scale-up of operations to 1,000 tpa at TEP.". Obviously waiting for details, but assuming it's matched funding brings us to £2.5m

So 2.5m. Seems a lot for a feasibility study, but not enough for the capex?

I'm also assuming it's a scale up from 350tpa to 1000tpa by 2027, not an additional capability of 1000tpa on top.

Love to see some communication on this.

@esduk I've spent a bit of time trying to get my head around this.

"I think his assertion that we’re funding the expansion to 1ktpa for Tyseley with £2m from the raise seems a bit far fetched"

It's really not that clear, however putting the communications together I think the timeline and funding goes like this.

Initial fundraising was for £950k to buy the tyseley equipment and move away from the 25tpa cap. In the corporate presentation it says this will be done mid 2026.

Extra money was raised and the additional grant - this is to be used to scale to 1000 tpa. Again in the corporate presentation.

Love someone to test this.

How did you get on with #HCM previously?

I'd start by reading the investor report, a bit of AI, bit of social media and then study the rns

Enjoy the process and question everything. People here will helpfully answer questions, but probably not "will I be a millionaire by the end of the year", indeed if they answer that, run a bloody mile!

That's my thoughts. Enjoy.

My mate Bob who drinks Newcastle Brown down the pub (aka Gemini)agrees:

The most explosive piece of this RNS is not the physical opening of the plant, but the diplomatic event that occurred the day before.

The Federal Minister for Economic Affairs of Germany and the UK Secretary of State for Business signed a Joint Statement on Critical Raw Materials that "featured explicitly" HyProMag. Sovereign nations do not write microcap companies into bilateral treaties by accident. By explicitly naming HyProMag as a "practical demonstration of both nations' commitment," the German and UK governments have effectively designated the joint venture as critical national infrastructure.

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