Member Info for esduk

Thanks for the info GLR. According to Cotec they have already applied for multiple US government grants for between 50% and 100% of total project capital costs. So perhaps this is an extra source of funding that they will also be able to apply for?

On that note, delayed reported £19.99k buy from just after open. Will Mr 99 help take us back above 39p..?

It's just been corrected to 38.25p. I think this was the point that Jimzi was making...

Calm down Essex mate...

There was a 30k trade reported at 30.25p, which is clearly a mistake / error and should probably have been 38.25p. It will probably be corrected later. Bid is 38p, ask is 39p, another sell was at 38.21p. Don't pay attention to live prices without the context of the bid and ask. Nothing to worry about.

Can't help myself... haha. Bid at 38p, ask at 39p, looks like could be some background buying. A post from me every 15 minutes so far!

A good start so far this morning and MM's playing ball, perhaps we'll have a go at taking back 39p today.

Looks like we did get the ATH in the end, although my post yesterday evening was a little early. Analysts can't see the wood from the trees and need things to be written down for them in bolded black and white. As soon as the updated Telfer resource/reserve/mine life is out they will all be massively upgrading their targets, particularly as we'll be at or near $4k gold (US).

I'll just say this for the newbies. As we had an uncrossing trade at 38p yesterday it makes it look like it has opened down this morning. But it hasn't, the mid price is the same (37.5p), with the bid at 37p and the ask at 38p. First trade, a nice big buy.

Apologies Jimzi, that has probably been driven by my boredom (with the daily grind outside shares) / excitement (with the share). While I comment far too much on daily trades / moves you know that I am here for the long term so they are largely irrelevant. It has been fun though on the ride up.

Anyway, for balance, we did end up getting the big delayed sells post close that justified most / all of the drop. Let’s hope for a better day today. I’ll try and ease off on the minute by minute commentary.

Correction, the site I am using doesn't seem to be correct / match other sites so ignore that post. May be to do with US public holiday. Must check multiple sources before posting in future...

Gold passed $3,500 briefly just now and seems to be having a go at its ATH. More good news for tomorrow's share price! Shorters beware...

Yep, we did. Let's see what tomorrow brings and the rest of the month brings. Very much doubt that September will pass without significant positive news now everyone will be back from their summer break post Labor Day.

Reckon we may get a UT at 38p

3 x100k buys from between 9.07am and 9.11am, one reported at the time and two reported later on. Someone did take advantage of the drop in a big way. Unless we see some massive delayed reported sells post close today then my view is that this drop was well overdone.

You didn't respond to any of the questions you were asked or errors that were pointed out in your posting Fevertreeman. If you want to be taken as an honest actor, then that would go along way to convincing people.

In terms of the drop today, it is likely a combination of normal reaction to results on AIM and passing of the 30th August "deadline" (you will have seen my comments on this so I won't repeat them), plus a bit of MM's overdoing it to create more volume.

If you don't believe we will get the newsflow most of us expect in the next three to four months, then I agree that we would be overvalued at this price. But I have clearly laid out what a high-level sum of our parts value looks like if we do get it (just the news on Tyseley, Germany, first US plant and MKAR listing that is). We are trading at a c.85% discount to that value. As news lands, de-risking each of these elements of our business, that discount will decrease. Which AIM stocks aren't dependent on news btw?

I'm putting US funding at a 50% chance for Hypromag USA personally, which I think could come in the form of state financial grants, DoD grants or both. I think Myles was referring to a wider DoD deal by the 30th August, rather than just grant funding. Cotec suggested that they have applied for between 50% and 100% grant funding and that there are multiple avenues / funding pots that they have become aware of. A few pertinent bits from the Management Discussion on the subject of Hypromag USA funding.

"On 12 June 2025, HyProMag USA received a MMIA domestic finance letter of interest from the U.S. EXIM Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas. In terms of the letter, EXIM may be able to consider potential financing of up to US$92 million of the project’s costs with a repayment tenor of 10 years. The issuance of this letter of interest is aligned with Executive Order 2421 of 20 March 2025 “Immediate Measures to Increase American Mineral Production” which includes near-term actions to be determined and implemented by the agencies to fast-track permits, mobilise capital for mineral producers, and create offtake agreements for strategic stockpiling for minerals critical to the United States’ defense, technology, and energy."

The fact that they quote the executive order is interesting, with a mention of creating offtake agreements for strategic stockpiling of critical minerals. Could be hinting at something here.

"CoTec was responsible for funding the US Feasibility Study and the project development costs. Funding provided by CoTec is in the form of shareholder loans to HyProMag USA. In parallel, HyProMag USA is working on securing U.S. Government funding, U.S. state financial grants and incentives and strategic partnerships with U.S. companies for feed supply and recycled NdFeB magnet offtake."

The thing is, at current market prices, without any grants, EXIM loans or tax credits, Hypromag USA is going to make a tonne of money. So for me the grants are just a cherry on the top. If it was a choice, I would probably prefer a price floor and guaranteed offtake deal as per the MP Materials / DoD deal. Imo this would do more to de-risk the project in the long term than a grant. Either would be amazing though.

Yes agree that is unlikely to be a major factor today / here Kaeren. It's days like this that tell you whether you have conviction in your holding or whether you are in over your head. Personally, I'm feeling very calm right now, and that provides me with a lot of reassurance that I'm very comfortable with the size of my investment.

Myles' post about 30th August was made when we were already well into the 40's, so wasn't the driver for the rise we saw, though may have led to some people jumping in in the 40's in the last couple of weeks. So for me, it not materialising shouldn't be a reason to drop out of the 40's, but such is life and we all know that sentiment is a fickle beast. I'm going to bet that the next announcement we get has a very different effect on the SP.

*Seeding...

Certainly don’t think there is a big conspiracy, but at the same time the two posts on Saturday seemed pretty premeditated, with the aim of seeing doubt. We have also seen tactics from MM’s recently to get the best price possible for the big buyers. There are always those who are trying to get an edge, it’s part of the game. They won’t be shaking me out of my holding, in fact I have now added more.