Member Info for esduk

I've been topping up with all spare funds in the low 17's. If it stays at this level I'll be chucking in a load of my New Zealand pension funds when they arrive in the next week or two. As others have said, the pull back was to be expected at some point after such a strong run. My mantra right now is buy the dips and hold for gold.

Looks like the MM’s are opening us a notch up

Well said CJ and GLR, completely agree. Think it looks like the SP may be ready for another attempt at 20p.

I still vividly remember the day early on in Covid that the SP tanked and I added 300k shares to my existing holding in the high 2’s, probably my best ever investment decision and one where I’m proud I held my nerve when the markets were in chaos, but nothing had changed in terms of Mkango’s investment case.

I’ve tried trading on AIM in the past but it was not a success. For me now it’s all about doing deep research to find a small number of good quality companies that have the potential to be life changing through a combination of company developments and macro events. It’s crucial that they have strong management with integrity and respect for shareholders. Once you find these companies you stick to your guns, buy the dips and hold until their potential has been fulfilled or your have achieved your investment goals e.g. £x target to retire.

Mkango has already more than made up for all my other past losses and is well on the way to being life-changing for me, and I’m loving every minute of the journey. A big thank you to all those on here who have shared news, thoughts and analysis over the years, it makes staying the course and having the courage of your conviction an even easier task.

Sorry, had such a good day today that I thought it was a Friday! One more trading day to go this week, so maybe 20p+ tomorrow...

Haha, they did close it at 20p with an uncrossing trade in the end. That wasn't what I was thinking of when I made my comment earlier, but I guess it'll have to do and we can wait until next week for the real move into the 20s.

Mkango is my original and primary investment, with exposure to a wider spectrum of rare earths (including the heavy stuff) given it's mine, refining plant and recycling business. Across my accounts it's a roughly 90/10 split between Mkango and Cotec. I have bought Cotec because I like their business model, their ownership structure (over 70% owned by the Board), their funding strategy (basically provided at a premium to the current SP by Julian Treger their CEO through his investment fund) and their great comms. It also maximises my exposure to Hypromag USA.

Cotec own just over 20% of Maginito and are also in a 50/50 JV with Maginito for Hypromag USA. So with Cotec I'm getting 60% exposure to Hypromag USA (direct and indirect) + all of their other non-Hypromag investments. Mkango have 40% of Hypromag USA, but benefit from the fact that Cotec are responsible for financing the projects and therefore Mkango's ownership can't be further diluted, while Cotec's could be (depending on whether they get government funding, whether they bring in another equity investor, use debt, or a combination of the above). This is my understanding of it anyway. I posted more details of the ownership structure in this chat yesterday, but maybe easiest to look at the latest presentation on Mkango's website. If you have one investment then Mkango is the right one, if you're open to also increasing exposure to the US / Hypromag USA and Cotec's other technologies and projects, then may be worth investing in Cotec as well.

Very healthy SP action here today, taking any pause in her stride. Cotec finally seems to be rocketing too. I own four shares on AIM/LSE + Cotec. All four on the top risers board today and Cotec is up 8% also. If only every day was like today! Thanks again for the gold tip a few months ago Bonker.

Doesn't seem to be a lot of stock available as we are moving up quickly. Anyone for a finish above 20p today?

Monster £72k delayed buy from just before close yesterday. This is getting some serious interest now.

It seems the pause/pull back may have been brief...

TSX SP movement has never driven the SP action on AIM in the whole time I’ve been invested here (since listing on AIM), so I don’t think that’s anything to worry about. I, like many others, will buy any dip if there is one.

I've been increasing my Cotec holding over the last week. I think Mkango is a better overall investment, but Cotec is valued at the same level it was at end of November, so has not had any bounce from either Hypromag USA developments or the wider macro/tariff situation. In that same time Mkango SP has increased c.235%. Yes much of that value increase comes from prospect of SPAC listing, which Cotec would not benefit from, but I still see a value disconnect for Cotec shares and think they have the potential to multibag on news of US offtaker / scrap supply agreements and Hypromag USA funding.

Once Songwe and Pulawy projects have been listed together on Nasdaq via SPAC, Mkango will (I guesstimate) own somewhere between 70-90% of that re-listed entity depending on: (i) the ownership split with Crown PropTech Acquisitions current owners (ii) Cohen and co and other advisory / listing fees, and (iii) the size of any IPO they do on re-listing to raise cash for the projects (should they decide to do one). Have a read of the RNS from 8th January for more detail.

Mkango will be the majority owner of the Nasdaq listed mine and separation plant company, the majority owner (79.4%) of Maginito, which owns a 100% stake in Hypromag (UK recycling business), 90% stake in HyProMag GmbH (German recycling business), 50% in HyProMag USA (US recycling business) and 100% of Mkango RE UK (UK long loop recycling business). So Mkango will be the holding company for all the subsidiary businesses. Worth reading the presentation they released last week (on their website) which has more detail on ownership structure.

Delayed buy of £25k, at 19.69p. Big money rolling in.

We’re on the move again this morning. 20s are approaching. Been a while since we’ve been there!

Https://thatstocksguy.substack.com/p/sino-us-tensions-where-to-invest?

We get a nice mention

Well hopefully we don’t have to wait too long to find out! I’d be very happy with us holding a 75% share of the new Nasdaq listed entity with a [$300m] market cap, with 10% covering off the existing entity owners’ retained shareholding and listing/advisor fees and 15% going to new shareholders through a re-listing IPO, bringing in new funds of [$45m]. Will be fascinating to see what happens, just one of manny massive pieces of news we are expecting, can’t wait. I also want to add my thanks for the quality of BB and posting that we get here, it’s refreshing.

What’s the source for the 70-75% from Cyber, or is that just your own guesstimate? For the SPAC deal itself (combination) I would assume we will give up no more than 5-10% of the value, and then it depends how much we want to raise upon the re-listing. I feel like an initial $20-50m raise from a total valuation of $200-400m might make sense, but it depends what their financing strategy is for Songwe and Pulawy. Obviously we will be able to get debt financing on favourable terms for Pulawy given the status that project got from the EU so hopefully that bit will be fairly highly geared, with a lower equity funding requirement. For the mine I reckon there is a chance we could get a fair bit of debt in there with debt guarantees potentially provided by the US, UK or EU. Really interested to see how the whole thing plays out.

Wow, that jumped quickly!

Nice little run in to close and we end the day up 1.6 %(despite what it shows on LSE), with the bid up 3.1%.