Member Info for esduk

Having seen Berenberg back aggressively on the bid today and taking the SP up 20%+ before it falling back a bit, I think if you are trading at the moment then Berenberg on the bid is a very clear signal for a good day. Reckon we'll get plenty of big delayed buys reported, more of the same institutional buying that we had earlier this week.

Don't have any problem with traders, even day traders. Just not the biggest fan of the ramp crew who move from board to board spouting rocket ships and other rubbish. I'll leave it though as there's no point in spoiling an otherwise great day (including the weather). As stickandstocks says, this stuff comes with success, so it's a small price to pay. I have very much appreciated the good chat and information sharing on this board, and I'm sure that will continue regardless of any additional noise.

Oh dear, bottom feeders have arrived. Nothing to see hear lads. Best head over to one of your true pump and dump stocks, this share is out of your league.

Yeh mate, L2 shows the live pricing, just not reporting the trades on time. What a Friday treat this is!

What a time to have a 10 minute delay Bonker! ; )

Is it just me or is LSE pricing and trades not updating post 12 noon?

Our patience is definitely being rewarded

LSE no updating, but Level 2 has Berenberg on the bid at 15.25p. What a move!

Yep, 15 being attempted again

We've got action with Berenberg back on the bid hard, looks like big buyer is back after a little break.

Uncrossing Trade at 13.5p at close making the SP drop look worse than it was. The MM's actually opened us up this morning at 13.75p and that's where we've closed.

Per the Feasibility Study: Plant capex estimate of $125m (including 10% contingency), of which I think $14m is for two HPMS vessels. They have now said they will add a third for an extra $7m, so that's c.$133m (including 10% contingency), of which $21m would be subject to a 20% tariff, so an extra $4.2m. That's peanuts compared to the impact that tariffs will have on revenue.

I was thinking about the impact on our US plant last night after the announcement. The HPMS vessels, assuming they are manufactured in Germany (as they are at present), will go up by 20% (EU tariff) unless we get some special exemption. I assume that our general construction costs will rise by a similar level as the market in general. But our capex to revenue ratio will be a lot lower than that for large mines, so mines should be impacted to a much greater extent than us.

I think our low capex to revenue ratio means that we will do extremely well from the tariffs, given the increase in revenue from higher prices for magnets and NeFeB powder will be far greater than the increase in our capital costs.

Looks like MM’s started it lower today (before any trades) based on general market reaction to the tariffs. Could we buck the trend? Decent buying so far

That news couldn’t have been much better for us. Do the tariffs for Chinese magnets stack, or will they all just be at 34%?

Thanks Myles. Another half million buy delayed reported from just before close yesterday. At this rate we won't have to wait long to find out!

Sounds like I'll need to readjust my targets! Myles, any thoughts on the large buys yesterday and today and Berenberg being all over the bid on L2? Institution, something else?

Yes I was referring to an offer today, which I think was the question being asked. While I am hopeful of a SP in the £'s a few years from now, if someone offered me 50p for my shares today I would probably accept.

I can't know what Will, Alex and Talaxis would take, but from my perspective I wouldn't take anything lower than 50p. That is the minimum I'm looking for long term.

Who knows what the motivation of the big background buyer is, but it’s those big buys and Berenberg aggression on the bid that is moving this, not PI’s. Expect more delayed reported large trades today.