Member Info for esduk

Big delayed buy of over £30k at 16.75p from earlier this morning

Another strange UT at 17p....

Good buying pressure in high 15's, looks to be moving up now.

Just had a presentation at work from the UK Critical Minerals Intelligence Centre, part of the British Geological Survey. Feeling even more bullish following this. REE come out on top in their criticality assessment for the UK based on importance (how crucial they are to the UK's economic prosperity, technological development and national security) and risk to supply. Everything they are saying (bear in mind that they are effectively part of the Department of Business and Trade), points towards further future support for our UK recycling business and potentially even our Songwe Hill project e.g. debt guarantees. They are really bullish on the UK based demand projections for REE and also on the need to develop international partnerships and support non-China supply chains, particularly in Africa.

I know the UK business is considered small fry when compared to the US and Europe, but it is great to see under the hood that at least some people in government are taking this stuff seriously and it will be a priority area in the new industrial strategy that's in development.

Based on listening to Julian and other Canadian mining co CEO's permitting for a rare earths mine in Canada is likely to take a long time, so agree that we are miles ahead time-wise, with a bigger resource and I assume lower labour costs. Add to that the EU backed separation plant, with maximum 12-18 month permitting and I'd argue we should be at least on a par with their valuation.

Results out on Monday, presentation on Wednesday.

Yeh Pensana up a good amount today as well as yesterday. We just seem to be taking a breather, but there has never been a better time to hold these shares than right now. The alignment of our strategy with wider political and economic situation could not be better. Any news (and we are waiting for lots), and this could go ballistic.

The results date is good timing for that bloke who's buying the house next week!

Some of those trades were buys, but yeh think we do have some big delayed buys to come. There were a few moves on L2 that would support that theory.

Question on SPAC valuation. Given the current volatility around tariff environment and general stock market, do we think the company will wait until the dust settles before coming out with their valuation or be bullish with their valuation and push ahead? A lot could change between the valuation and the listing in 6 months time and I'm just trying to work out how they will account for this. You wouldn't want to risk undervaluing yourself in this environment.

Sorry I should have said dropped the ask to 16.50p

Yep very cheeky given that they dropped the bid to 16.50p just before close. Agree that we seem to have washed out a few profit takers at this level and now look to be building decent support here. Any piece of news from the company on any front could really put a rocket booster under the SP given the current environment.

I'm waiting for my New Zealand pension funds to be transferred to my UK account, having permanently moved back last year. As you contribute to your pension post tax over there, there are no restrictions on my funds when they land and I'll put my max allowance straight into my ISA account to purchase MKA shares. Was hoping this would happen before things fully kicked off here, but Trumpy has caused an acceleration. Nice problem to have though, so can't complain.

Pay day loan...?

Looks to be building towards another attempt at 17p.

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We might anyway without the name change Gallmat! Motoring so far this morning!

Yeh, I hold Cotec through my Hargreaves account. Have to pay a bit of fx commission, spreads are bigger and pricing can be a little less dynamic, but it’s fine if you are investing long term rather than trading Cotec shares.

I try to watch everything they put out. While not necessarily the most camera friendly, JT still delivers a really compelling investment case and every time I watch my confidence in MKA grows. You can’t really argue with the Cotec Board owning 70% of their company.

A third party investor in Hypromag USA valuing it at many multiples of Cotec's market cap (£27m), would also give a great valuation reference for MKA's 40% of the company.

Yeh I watched that at the time, very bullish. Even if only some of it comes off there will be a major price correction. My Cotec shares are doing very well today. I took the opportunity to top up there on Friday as they nosedived despite the very positive developments.