Member Info for esduk

Thanks for your contribution Bengot. Will be interesting to see if you still think out market cap is super inflated when we get our NASDAQ SPAC valuation for the Songwe and Pulawy assets (not our main business), which is likely to be more than our current MCAP...

Hopefully a sign of trading returning to normal.

Yeh, it’s approaching year highs, good timing for the SPAC valuation.

He wouldn't need to notify if so as he is under 3% already.

You are right cyber, we should concentrate on value rather than SP, but it would be nice if they were a little more aligned! Here's the latest share register I can find from Market Screener:

Noble Group Ltd. 69,452,381 21.29 %

Stewart Newton 11,823,333 3.624 %

Leo Mining & Exploration Ltd. 8,546,205 2.619 %

Resource Early Stage Opportunities Co. Ltd. 8,056,307 2.469 %

Derek Linfield 8,056,227 2.469 %

Konwave AG 6,600,000 2.023 %

William Dawes 4,711,601 1.444 %

Robert Sewell 1,259,545 0.386 %

Based on the share register and a few other sources like Morningstar I think we only have one fund invested here - Konwave Transition Metals fund, noted as Konwave AG above. They aren't big enough to be behind the volume of selling we have seen in the past few days. Leo Mining & Exploration Ltd is linked to Will Dawes, and can't see him wanting to sell right now! Not sure who Resource Early Stage Mining Opportunities Co. Ltd are, but again not big enough to explain the level of selling.

Interestingly I can't see Michael Geoghegan on here, whereas the company website has him as a 2.96% shareholder, just under 10m shares. Could that be it? GLR, you may have better sources than me?

Another 250k popped up there. I keep the conversations with my Mrs high level. It helps that we are up 300% from the lows!

We don't know the big seller's rationale for sure, and may never do. But I like the Hypromag founders theory, it seems to fit most neatly with the volume, the timing/rationale (just before they get some new shares when the Tyseley opening milestone is hit), and doesn't require a TR-1 holdings RNS. But I reckon there is only about a 30-40% chance that this is right. Things are always a little murky when it comes to investing/share dealing, particularly on AIM. Got to be comfortable with that aspect to invest on places like AIM, but it is also a place where there is potential for some very large rewards, particularly in the current market.

We've had about 4.325m trades reported for today so far (a few more may turn up later). Of those I make it about 2.325m buys vs 2m sells. Should be up based on those numbers, but there may be some delayed reported sells to come, or the MM's may just be wanting to keep us in the 16's for some unknown reason.

What's the reference to +261k buys for Pensana and +142k buys for us?

We'll see on that front. MM's really seem to be in favour of keeping this in the 16's, dropping the bid on relatively little, when it was nearly impossible to move the ask earlier when we had literally millions in buying volume pouring in. Big seller done or not, I'm not sure, but the book was not square today. Will wait to see if there is a delayed print or two after close. Regardless, we know what we have here, and once the games are over, that value will out. Now holding 1.5m shares, which is the most I've ever had here.

I saw that on LinkedIn last week, but wasn't sure what the angle was for us in Mongolia. Any ideas?

What a time to be opening Tyseley!

Https://www.linkedin.com/posts/neodymium_too-many-companies-have-recently-contacted-activity-7336116299116277760-lvMY?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow

I follow Ryan Castilloux, founder of Adamas research, on LinkedIn and he liked this post from a magnet supplier. Recommend following Ryan by the way, he posts lots of great stuff that is relevant to Mkango.

Here's the post:

Too many companies have recently contacted us due to urgent needs for neodymium magnets they were supposed to get from their original suppliers.

As someone who benefits from China’s dominance in the rare earth industry, I still sympathize with those who must rely on China for critical components like rare earth magnets.

It’s worth noting that neodymium-iron-boron (NdFeB) magnets were independently invented by General Motors (USA) and Sumitomo Special Metals (Japan) in the 1980s. However, the U.S. government was shortsighted and lost its edge in this industry, particularly after Magnequench was sold to a Chinese consortium in 1995 and relocated to Tianjin three years later.

For my network’s information, here are the NdFeB grades we can produce without dysprosium (Dy), terbium (Tb), and other restricted heavy rare earth elements:

• SH: 35SH and below

• H: 48H and below

• M: 54M and below

• N: 56 and below

The availability of these heavy rare earth-free, exportable NdFeB materials depends on specific order volumes. We’ll review your request and inform you based on stock availability.

I think the big seller may be out, but I'd say we still have someone on the ask in decent volume, as otherwise I think the ask would have been pushed higher by all the buying we've had this morning. If Jimzi or Codejunkie are about they may be able to enlighten us.

I think the battle is perhaps already won, and if not it's in its last throws.

Agree Bonker, but the founding owners of Hypromag have up to a further £3m (at 10p pricing so more like £5m at current pricing) coming their way as we hit certain milestones i.e. Tyseley operational, Hypromag Germany operational, you could see them making this decision now to cash in knowing that they will get the shares back (and more) as they hit milestones they are now sure of hitting. Who knows, but I like the potential explanation given what Myles said about Talaxis (thanks btw Myles) and the fact that we haven't had any warrant conversion RNS.

Yeh same, I offloaded most in the 6's yesterday for a good profit so missed the top this morning, but such is life. While it potentially has good prospects the capital structure looked pretty messy and I didn't want to be in a share where I need to worry about CULN's and high debt levels. None of that here, or in GGP, my other major holding.

Yeh I guess if they are about to receive further shares due to meeting the Hypromag UK plant opening milestone (assuming that's a milestone), then they may be happy to offload the 10m they already hold. Would certainly make sense. Thanks GLR, btw hope you did well over at Tungsten West. Moved further and faster than I originally thought.

After my comment last week about Mkango being surprisingly quiet since early April we have had 3 RNS's in 4 days! Each of them has contained new and good news. This will start to be reflected in the SP very soon imo.

I've got no dry powder left, but now would definitely seem to be the time to jump in, if we get anywhere near the buying volume of the last few days we could be in the 20's by cop today or tomorrow.

Berenberg dropped the ask to 16.5 there briefly and I wanted to test them out, so bought 3.5k at 16.497p, they swiftly retreated. One minute later I can sell those 3.5k at 16.62p.