Member Info for esduk

November 2021, ATH trade was just under 39p I think, ATH close was 37.5p.

LSE picking a great day to sh*t the bed in terms of delayed live reporting...

Moving super fast

That was quick, ask is already at 38p...

Looks like we are opening up, with a pre-opening trade and MMs already moving the ask to 36.5p. ATH to be tested and broken today?

Link to underlying article.

https://www.linkedin.com/posts/william-dawes-50881352_companies-set-to-boost-us-rare-earth-magnet-activity-7356939829005164544-L3m4?utm_medium=ios_app&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow&utm_source=social_share_send&utm_campaign=copy_link

Will busy posting on LinkedIn this morning.

Companies set to boost US rare earth magnet recycling - great article by Scott Snowden featuring Intelligent Lifecycle Solutions #HyProMagUSA HyProMag Ltd HyProMag GmbH Jon Godfrey University of Birmingham Mkango Resources Ltd. CoTec Corp.

Leveraging HyProMag Ltd University of Birmingham INSERMA ANOIA SL technologies and longstanding collaboration with ILS to transform the supply chain for #RareEarth magnet recycling in UK, Germany and USA, with much more to come!

Birmingham Centre for Strategic Elements and Critical Materials Department for Business and Trade #MineralsSecurityPartnership #CriticalRawMaterialsAct #MSP #CRMA #RareEarths REIA - The Global Rare Earth Industry Association Critical Minerals Association (UK) European Raw Materials Alliance (ERMA) Share Talk Ltd Alex.B. McKinley SAFE EIT RawMaterials Innovate UK Advanced Propulsion Centre UK INSERMA ANOIA SL Intelligent Lifecycle Solutions Limited https://lnkd.in/eAKeWkm3

Exactly, we’re on to an absolute gem here. All you have to do is hold for gold. This is our time!

Excellent finds sitiain and STN! It’s what this BB is all about. No wonder Julian was talking of 10 plants and plans to announce three within the next 6-8 months (he mentioned the third for early next year).

There is no way we are not one of the 10 companies mentioned in the article, and I’d hazard a guess that we are the most cost competitive. This should be a massive boost for the SP, and clearly if we get an actual announcement on a US government deal we are quids in (so to speak). Julian said that they’d become aware of additional pots of money while talking to the US government, that chimes with the article.

Could be a great day tomorrow if news filters out, or even if it doesn’t…

I didn't know we were on the over the counter market in the US Chris? I'm sure our US fans won't have long to wait to access Mkango and MKAR directly through the NASDAQ, at which point $1.50 might seem like a bargain...

Haha, yes, noticed the cheeky UT at 35p. Makes a change for it to come in lower than mid price. Actual rise was nearly 11% today, to go with c. 5% yesterday and c.3% on Tuesday. What will Friday have in store for us I wonder..?

Couple of £20k buys just showed up, which explains the rise into close. Possible some more will turn up later.

It's just improved a little Bonker... was pretty transparent when they opened it up to a 2p spread.

He did, the 100k is a buy based on contemporaneous trades.

Lots of MM communication going on with all these small prints. Not sure they were anticipating the rise we got today, and they maybe in scrambling mode as a result.

Oh, and I forgot to say that NdPr prices are up 38.5% in the last year over 17% in the last month!

Agree Gallmat. I think the following things have changed since his last update:

- conversations with feedstock suppliers are going well. We have already signed one deal and Julian said to expect more over the coming months (they want to have 50%+ locked in before pressing go)

- conversations with offtakers are going well. He mentioned OEMs, major car manufacturers and Apple's competitors yesterday and also talked about equity investment from offtakers and potential pre-funding agreements with offtakers. He said to watch this space in the coming months.

- conversations with financiers are going well. EXIM financing lowers the WACC substantially and makes the project economics even more spectacular. Cotec were oversubscribed on their recent raise.

- conversations with US government and their various departments are going well and deals are starting to flow e.g. MP and Guardian Metals in recent weeks.

- Tyseley has been successfully commissioned and we have had a big thumbs up from major industry players like GKN Automotive, who have tested our products and given assurance on their quality.

- Macro environment has gotten even better since his last update, if that was possible! US may be about to ban exports of magnet material for recycling abroad. There is a massive supply shortage for magnets after Chinese export restrictions.

A lot has changed since his last update, and it's all bullish imo!

Third trade was delayed reported yesterday, but from post close Tuesday, and was 1.5m at 30.5p. Each day following these trades, the SP has done well.

I haven't done enough research on Vitol to give an informed answer, but it will depend on how we fit in with their strategy i.e. do they want to own outright / control a major rare earth recycling business? They certainly seem to be shifting some of their focus to critical minerals/metals and are looking at financing this sector, but not sure whether that means they want to own companies outright. Hopefully someone has done some more detailed research on their current strategy and can share here.

Well, the SP seems to have reacted well to the print. I guess all that matters is that we are higher today than we were yesterday and clearly heading in the right direction.