Member Info for esduk

Good spot, thanks

C. 980k sells vs c.860k buys so far by my count. Not as uneven as the SP reaction would make it seem, unless there are some chunky delayed sells yet to be reported.

Could be, though I thought I had read somewhere that it was more likely to be late Feb/March. We shall see.

I hope they spend the whole session talking about what is happening / future plans and not just explaining the business, which has taken up quite a bit of time in past presentations.

Have a good weekend.

My questions that I've submitted for Monday evening's Q&A. Doubt they'll get asked but putting them out there in case.

Do you agree that based on the NASDAQ listing requirement for SPAC's to have a minimum of $80m in publicly held shares, MKA's intention to maintain a majority shareholding of the new NASDAQ listed company would result in a minimum company valuation of $160m+?

In conjunction with any future SPAC listing of MKA's Songwe and Pulaway projects on the NASDAQ, is there the potential for MKA to immediately complete a secondary listing or share sale for some of its holding in the new company to raise cash that can be used to fund the roll out of its recycling business in the UK, Germany and beyond?

I have noticed a large number of big delayed trades since the announcement of the results of the US feasibility study in November, which were not evident before this time. I note that the 7p warrants are not listed under the share structure heading on the Investor Relations page of the company's website. Can you confirm whether any of the 25 million in 7p warrants have been exercised since the announcement of the US feasibility study, and if so how many? If not, have you seen any material change to the shareholder register during this time?

By my count it's currently c. 490k buys vs c. 200k sells

Yeh definitely feels like it's being walked down. Of the reported trades so far there are many more actual buys than sells. All the 9.82 trades this morning were buys (including a couple of big ones), as was the 100k at 9.75.

Taken a few more at 9.75p. Will continue to do so as funds allow.

I have been thinking about this too Cyberbub. I hope you are right and they do the secondary placing during the SPAC listing to take out $10-20m. That would potentially put to bed for all time any worries about further equity raises on AIM, an issue that has been a big drag on the SP the last few years. Hoping they cover this in the presentation on Monday.

Have been watching as all of those companies were doing 200-500% in a day in the past week or two. Rather than looking at it as an opportunity missed, it has made me more excited about what will happen here if we announce a SPAC listing that values MKA's Songwe and Pulaway projects at $100m+. The SP should go bananas, and I think $100m is the valuation floor, with my read of the NASDAQ listing rules suggesting it would actually need to be more like $150m+.

I'm relaxed about this. The MMs have taken us down from 11's on comparatively little volume. I'm seeing this drift as a buying opportunity. The news flow is likely to be very consistent over the next few months so any drift/retrace should always be short lived, in my opinion. Let's see what Cotec have to say today and what MKA have to say on Monday!

Awesome, thanks for sharing. Maybe they have been listening to the BB's request for an update...

Not sure why people keep talking about 12/12.5p warrants? As far as I’m aware there are no warrants at 12p/12.5 other than 1.4m broker warrants at 12.5p which are out of date (had a deadline for issue of 12 months following that raise). The only warrants that I’m aware of are those at 7p.

A few more delayed buys and sells, but the 250k buy is the biggest of these. They certainly don't feel like PI trades...

I guess that makes you a long suffering long-term holder Monteacute, my apologies. I think my highest buy was somewhere in the mid 30s, but luckily for me I had lots in the low single digits before that and a few sells in the mid 30s to go alongside the buys. I certainly didn't get my strategy right on the last rise, and continued buying all the way back down to 5p, but at least it's resulted in my current substantial holding.

In terms of explaining the drop on more buys than sells, something is potentially going on in the background, be it large buyer accumulating shares, warrants being exercised, both or neither of these. Reading current MM behaviour I am very confident. Whether there is a further short term retrace from here (manufactured by MMs or not), I think this is just about repositioning before a very substantial medium to long-term rise, which in my opinion, has the potential to substantially eclipse the previous rise which you were unfortunate to enter at the top of.

What I do know for certain is that this potential rise will be based on much more solid foundations than the one back then, which was due to Neodymium prices going crazy and a hotly anticipated DFS for Songwe. We have so many more irons on the fire, a much more scalable business (recycling) and so much more potential for sustained SP rises with any number of bits of newsflow. So I think you are wise to stay put, despite the long suffering, as the journey is only just (re)starting.

Make that 875k buys vs 550k sells with that additional late reported one from an hour ago.

875k in buys (including the two delayed/non-classified) vs less than 400k sells (including one delayed/non-classified) = 5% drop in SP, go figure. Either a big delayed trade to come at some stage or MMs back at their games.

Can still sell 625k above bid, 3 minutes before close. That has to tell us something...

Add to that another 151k delayed buy from earlier.

Someone bought 200k at 11.36p (0.61p above ask!), delayed from an hour ago. The drop in SP feels a little staged.

Yeh don’t see 8’s on the cards again personally, based on fundamentals. Songwe is actually being attributed some value now, which it wasn’t being at 8p. Add to this the news flow we have coming and the general sentiment around the share and it’s difficult to see that big a drop. Of course bad news could change that, but there is so much potential good news, on so many fronts, over the next few months that the odds are we will move substantially higher. If we get anywhere near 8p again I will need to take a big slice from my ETF portfolio as there is no way I would miss out on that opportunity.