Member Info for esduk

Forgot to mention EXIM the US export finance bank which has given us a LOI for $92m of low cost debt for our US recycling factory and the likelihood that we will be talking to EIB/EBRD about subsidised finance for our Pulawy and Songwe projects respectively following those projects being designated by the EU as Strategic Projects under the CRMA.

Also, potential US government grant and / or equity funding for Hypromag USA and potential EU grant funding from EU for Pulawy and Songwe.

That's not to mention the MP style floor pricing model that the US and EU governments may provide.

Ha, nice one... Do a little research and you may find out. Spoiler alert: it won't be from equity raises on AIM!

Hypromag USA plant is funded by our partner Cotec, with Mkango having a 40% free carry to production.

Songwe and Pulawy projects will get their funding from the NASDAQ post SPAC listing of MKAR.

UK recycling plant operational, German plant largely or possibly fully funded to operations, we don't have 100% clarity on that, but any funding from us would be minor as the German government has provided most of it.

I think at least a few of them are sells Finton and explain the drop. Looks like we could be bouncing off 32p, which was key resistance previously. Agree with velcro's post. Let's see how it plays out.

Berenberg and SCAP on the bid at 33.5p vs Singer on the ask at 34.5p. There was a big drop on little selling, whether the big buyer steps back in after going quiet late morning, we shall see.

Big shake, on little volume. Interesting to see how this plays out

The delayed 50k buys have started showing up again one hour post trade time. I expect there may be some bigger ones from opening yet to come too.

The big buyer from Thursday and Friday last week was clearly set on building a big position and the trading on Friday gave me the impression that they were not yet finished. I think we will continue to see the delayed buying today and agree with SG that now we are over £100m we are likely to get a virtuous circle of institutional investment. Imo this will, along with continued positive news flow, drive the major rerate for the rest of the year, with my price target starting in the pounds not pence.

The big buyer was relentless, I particularly like the £100k bought at 38p, the highest trade of the day.

Just look at these...

18-Jul-25 16:16:31 36.24 50,000 Unknown* 35.00 35.50 18.12k O

18-Jul-25 13:59:20 36.90 135,534 Unknown* 35.00 35.50 50.01k O

18-Jul-25 13:45:45 37.15 150,000 Unknown* 35.00 35.50 55.73k O

18-Jul-25 12:26:23 35.75 150,000 Unknown* 35.00 35.50 53.63k O

18-Jul-25 09:40:12 36.40 274,699 Unknown* 35.00 35.50 99.99k O

18-Jul-25 09:25:53 34.4558 145,085 Unknown* 35.00 35.50 49.99k O

18-Jul-25 08:51:58 34.40 290,670 Unknown* 35.00 35.50 99.99k O

18-Jul-25 13:23:49 38.00 263,132 Unknown* 35.00 35.50 99.99k O

18-Jul-25 13:15:38 36.093 200,000 Unknown* 35.00 35.50 72.19k O

18-Jul-25 13:21:14 37.00 200,000 Unknown* 35.00 35.50 74.00k O

18-Jul-25 13:09:28 36.093 200,000 Unknown* 35.00 35.50 72.19k O

18-Jul-25 10:01:37 33.283 200,000 Unknown* 35.00 35.50 66.57k O

18-Jul-25 09:12:58 34.90 200,000 Unknown* 35.00 35.50 69.80k O

18-Jul-25 16:07:01 35.50 50,000 Unknown* 35.00 35.50 17.75k O

18-Jul-25 16:06:42 35.50 50,000 Unknown* 35.00 35.50 17.75k O

18-Jul-25 16:01:26 34.75 43,200 Unknown* 35.00 35.50 15.01k O

18-Jul-25 14:52:52 36.10 100,000 Unknown* 35.00 35.50 36.10k O

18-Jul-25 15:41:16 35.35 62,482 Unknown* 35.00 35.50 22.09k O

Was watching the auction there on L2, some sneaky tactics being used again, but in the end we had a UT of 35.2p, very close to the closing mid price.

NT to buy anything

As I mentioned below, the company have known about this since February this year as his holding of 2.96% has been posted under the Significant Shareholders section of the Investor page on their website. It's not their job to tell people to file TR-1's as far as I know, but I expect this may have been prompted by the warrant conversion.

He's been registered as holding 2.96% on the company's website (Investor page) since February this year.

These guys are often tardy with their notifications if it's a result of change of shares in issue and it may have been prompted by the warrants being converted i.e. he was reminded that we have more shares in issue now.

Auction at 37.3p

Was the same yesterday afternoon Jimzi, we moved 15% on volume of just over 2m (though I expect plenty of delayed buys will turn up later). The difference is that the overhang (warrants and profit taking) is gone and someone big wants in and is now prepared to pay whatever price, knowing there are no more easy shares on offer.

We got to 36p the Monday before last on the Tyseley news so we are probably just making our way back to where we should have been without the 6m warrants being forward sold. Without the overhang, we should see the SP properly react to buying pressure, as it used to back on our 2020/21 rise.

That's from yesterday Finton (saw it last night) and is just about their funding round closing. So not related to this rise at all imo.

Indeed, but the big buyer(s) doesn't seem to care about waiting around for any retrace.

ATH approaching!!!

Basically, exactly what I said we needed, and Bonker told me to wait for, has played out yesterday afternoon and so far today, with a major player (or multiple) taking a massive position. This is what drives large, sustained rerates on AIM, ala Guardian Metals that Jimzi referred to the other day. I think that while there was a warrant overhang and profit taking post BCA/Tyseley news the MM's were able to use these to keep a lid on the SP and allow the big buyer(s) to start accumulating. After the overhang and profit taking was done they tried dropping it again but it didn't work as there were too many PI buyers in the mid 20's, so they said **** it, the only way to get the volume is to start letting the SP rise. It's been an almighty move so far, and very much still seems to have major legs.