Member Info for esduk

To put this in context Tiger, the last five days before today (in which over 75m were traded actually) is by far the highest volume five day stretch we've had in our history. Which is really something given the price we are at is not far off historic SP highs, so the overall value traded (volume x price) is truly unprecedented for this share. We have also not had the delayed reported trades for the day yet which may add a few.

High volume is used as a relative term, our average volume is between 1-2m over the past 6 months. We moved down to 27.5p this morning and as high as 31.50p at one stage before closing at 29.75p. I should have said high volume and volatile days where the SP is not stable.

But there was nothing on the ask, so the the 60k and 10k bids didn't get filled, hence no uncrossing trade (UT) today. If someone had been willing to sell 70k shares for 29.5p in the closing auction then I think we would have had a UT at 29.5p, but no-one was (unsurprisingly). Again, my basic understanding of it, happy to be corrected.

We've currently got a 60k and a 10k placed on the bid on L2 at 29.5p.

Shareinthis, from time to time on high volume days the share will go into auction. There is also a closing auction from 4.30-4.35pm most days. On level 2 a load of shares are placed directly on the bid and ask and the auction is ended with an uncrossing trade (UT) that clears them out. At least that is my understanding of it, others may be better able to explain.

He also said that he is going to hold the warrant related shares long term, so he will not be selling them on the market any time soon. Selling today could be warrants related, but it feels like pretty normal selling to me, so was just saying I don't think we can be definitive about such things without proper evidence e.g. warrant conversion RNS or TR-1. No offense intended.

Auction ended with Uncrossing Trade (UT) at 31p.

We also appear to be in an extended auction right now, with plenty of bidders above 30p.

No need to panic every time the MM's pull this back a penny or two. We don't know if it's warrants related so I don't think definitive statements to that effect are warranted (excuse the pun). There was relatively little reported selling volume in the past hour to precipitate the pull back. Best to take it easy and stay confident in overall direction and destination.

And without the environmental and social impact too, no brainer!

Watching this rise is so sweet after yesterday's shenanigans and the attempt to drive this down first thing this morning. I think we have flushed a whole load of sellers out now, which is extremely healthy and positive for the next leg up. From my basic knowledge of charting, there isn't too much resistance from here.

Codejunkie and cyber, btw I love the comments, but I thought we were supposed to be ignoring him? I assume he will be returning as PerfectPeter111 when the SP is 60p and he opens his next *cough short.

We're definitely singing from the same hymn sheet velcro. I have been thinking about how I was going to make money from a Trump second term since 2022! Bonker has done a very good job on this board of trailing the Trump/China/Rare Earth/tariffs situation over the past couple of years.

Cyber, re your earlier post re a hypothetical £5m raise for German plant completion, and plans for Japan, South Korea and Canada, I think any raise in future is more likely to be used to expand Tyseley and German production to 700tpa.

I'm not 100% clear on whether we have yet provided all of our share of the funding to Hypromag Gmbh to fully commission the German plant. We have provided them with a loan note facility (which unlocked the matched funding from German government), and it's unclear to me to what extent this has been drawn down. But I expect that most/and perhaps all of our remaining contribution has been set aside for them already/is covered by existing cash balances.

For Japan, South Korea and Canada I expect that we will not be putting up any capital at all, our contribution to the JV's will be the IP and know how, similar to arrangements with Cotec. So yes we will have some staff time and admin/legal expense to negotiate agreements etc, but I expect they will be rather limited. All to say that I think we wouldn't need £5m for the completion of German commissioning and the signing of deals with Japan, South Korea and Canada. But I would certainly be supportive of a raise later in the year that funded the expansion of the Tyseley and German plants (if we decided not to use debt which is also a possibility) and covered off any remaining German commissioning costs and admin expense to support potential JV negotiations.

Our German and UK plants have been majority funded by government grants. Therefore I think it's a fair assumption that we will get at least a portion of our US plant funding from municipal, state and/or federal government grants.

Velcro, I like to listen to Rick Rule, and his thesis on Rare Earth's is that production costs in China are already increasing as the social and environmental impacts of mining and processing start getting more pushback. He's been very bullish on Rare Earth's as a result, even before the export restrictions and other geopolitical issues came to the fore.

Agree Gallmat, the next RNS on Hypromag USA I expect will be the decision to proceed, following the detailed engineering design and value engineering phase, with previous communication suggesting we would get this decision mid year (so next few weeks I expect).

We've talked about Cotec's raise and what it would be funding previously on this BB and I don't think there is necessarily any new info here re Hypromag USA. The extension of the amount raised from $10m to $14m is obviously very positive as it demonstrates that they have had lots of interest and increases the likelihood that they will have no issues in funding the plant itself.

Thanks for the insight Myles, that’s very helpful.

Yes correct Sigas, sorry crossed posts. Could be him today, but it would be out of the blue, as he has not sold any for a long time (or ever as far as I know), at least nothing that has crossed a threshold e.g. 3%. We would get a TR-1 RNS if it is him.

Incorrect, Stewart Newton did not sell anything in February. If you look at the TR-1 RNS it is a notification of an event that has changed the breakdown of voting rights due to the number of shares changing, rather than a disposal. He was late in posting this, but did not sell any shares, per the RNS.