Member Info for esduk

Oh, and I have topped up this morning in the 47.2's, the school run helped me out there for once as I arrived back to my desk after the drop.

FinePrint, on the bear case, the only one that I can come up with is that we move too slowly and get overtaken by other recyclers / tech. The only negative that you could take from those RNS's is that things haven't been delivered to original timelines, with talk of ramp up to 100-350tpa and potentially 1ktpa both seemingly talked about for 2027, rather than 2026, which was supposed to be the timeline for ramp up to 100-350tpa. The same could be said for the magnet manufacturing equipment commissioning, which is still ongoing. But I think this stuff is just incredibly complex and takes a lot of time, which is why there are loads of Western RE companies out there, but very few actually in production.

From my research I think we have the best tech, and if we only had Hypromag USA then I would be a bit more worried about being beaten to market by others, but all those years working with UoB, getting Tyseley to production and now testing and improving our product suite with a wide range of marquee customers is now our competitive advantage. These iterative processes, particularly with third parties, take time, and that will be the case for all other wannabe magnet manufacturers.

The details on Siemens, from the tech conference and then again today, are the endorsement I needed to be sure that our tech is first class in practice as well as theory, and that the billion(s) $ business velcro refers to is practically nailed on. The market might not appreciate this yet and may be waiting for offtake agreements and production numbers, but I can clearly see what is coming, and am looking forward to this company generating a massive amount of wealth for all of us dedicated shareholders.

Great stuff, exactly what we have all been asking for. Well done Will and Alex for responding to shareholder feedback. On school run right now but will comment on the RNS in more detail later.

200k back again at 48p on the bid for the closing auction. Someone large is in accumulation mode.

Looks like a sell based on time and price. Good that the SP took it in its stride.

USAR up another 12% at present

Still there for the 2pm auction

Another 200k on the bid, this time at 47p, for the 11am auction.

Thanks TT, so money market funds may not be the solution. A bit crazy that this is all supposedly to boost UK stock markets, but most will have their S&S ISA's invested in the US market.

Not an expert here, but couldn't you just invest in a money market fund in your S&S ISA and get a similar effect to having it in a cash ISA?

Thanks snkj. We've known about the Re-wind project for quite a while now (it was first announced in September 2023), but it's good to get the reminder and to join the dots around our partners. Seems like EMR are a key feedstock partner for us across a range of feedstock sources. We are the lead for the Re-wind project, which provided a total of £1m to explore a circular domestic supply chain for wind turbine RE magnets.

Are you referring to Siemens or something else bonker? If Siemens, and we had deal inked, I don't think they'd worry about us releasing some PR on the deal given that they are presenting with us on their stage at a major German tech conference. We wouldn't need to give commercial details if they were confidential, just announce to the market that we have a collaboration and offtake agreement.

I think the SP could be considerably higher with a better approach to PR. Alex and Will might say that this is not their focus, which would perhaps be fair enough if they weren't relying on bucket shop discounted raises!

There you go, fully matched at 47.6p, which a move up in the ask to boot. Remember, mid closing price was 47p yesterday, with 46p on the bid, so we are actually up 1p / 2% right now rather than even.

There's a 200k sitting on the bid at 48p for the 9am auction, bodes well.

Agreed biffa, Will seems to think that reposting stuff on LinkedIn is sufficient, it is not!

Yeh, perhaps this board could become the Elliott investment Management of AIM, haha. I’d be up for some collective shareholder action. How would we go about it though? Myles is the only one with an in with the company I think? They’ve never responded to an email from me despite me probably being in their top 10-20 shareholders for most of the past 10 years. To put that in context, I have a £90k shareholding in a Canadian silver miner with a market cap of around $3bn and the CEO answers my emails, usually within an hour or two!

I like the idea of a London AGM. Really annoys me that we are for all intents and purposes a British company, but still run like we are a Canadian company. Our shareholder base is here, our main business is based here, our management and staff are here…

Thanks so much for posting Floyd!

Wow, watching that back really put a smile on my face. This Cedric guy (Siemens Sustainability Manager) really does seem to love the tech. A few of my favourite quotes from him:

"It's really great to work with Hypromag, because we are iteratively improving, also exploring other magnet resources to then bring into our equipment, also potentially enhancing more grades of magnets we need for different applications" (basically means that they are already using it in their motors and are exploring it in other applications)

"This is really a huge beneficial partnership that we are driving" (Siemens see this as a really important partnership and initiative)

"Crazy how the speed is currently kicking in" (things are clearly moving quickly in this relationship)

Sounds like we are still in product development stage, but advancing quickly and they seem to be extremely happy with the results. They are producing motors on side by side production lines, one with our recycled magnets and one with normal magnets sourced. Volkswagen were also tangentially mentioned from a circularity perspective, so they evidently have the ability to to set us up / vouch for us with other major potential customers.

The only conclusion you can make after watching the video is that Siemens are clearly going to be a massive offtake customer for us going forward, which is huge. They will be there for the Pforzheim plant launch next week. Well done Nick and team!

I wonder how many other partnerships like this that there are without us knowing about it. Feels like we might start hearing more of this kind of thing as we move from product development stage to firm offtake contracts with a range of major customers. Time to start shouting from the rooftops Will and Alex.

Chunky buying into close, including a big UT at 48p. Onwards and upwards tomorrow!

Hypromag were presenting this afternoon on the Siemens stage alongside the Head of Sustainability for Siemens and based on info below from S&S, it very much sounded like they were partners. They are certainly collaborating on the use of Hypromag magnets in Siemens motors, but we don't yet have any news of a formal offtake agreement / partnership. Today's performance at the tech conference and their attendance at the Tyseley official opening point to an official tie up, hopefully one is announced in the not too distant future.

Thanks S&S! Look forward to watching the presentation later. If we can secure major offtake (and potentially feedstock) partners like Siemens, it could be Hypromag Gmbh that drives near term value here, even more than Hypromag USA.

With partners like Siemens onboard the floodgates should open and 750tpa may not be enough, so I'd assume we'll also be supplying them (and others) from Tyseley (expanded to 1ktpa) and potentially even another German plant (or European plant, could be co-located at Pulawy). Our share of profits will be 79.4% for Tyseley plant and 71.5% for Pforzheim plant, so considerably better, and nearer term than 39.7% profit share from Hypromag USA. Very exciting!

49p on the ask, nearly 5m volume reported so far. Next stop is recovering the 50's. What a great couple of days!