Member Info for esduk

Yep, my TA is not great, but was always looking like low 12's was the support, while the RSI cooled off. Now that it has, we've got plenty of space for the next leg up

Interesting dummy sells now giving 12.51p, something going on in the background perhaps.

MM’s certainly seem to want to hold it down here in the low 12’s despite all the buying (yesterday and today). At least it seems to be forming a new bottom/support, from which to take the next leg up.

Yes we know about Ionic. They certainly don't have first mover advantage when it comes to individual magnet rare earth recycling. They are hoping to launch their commercial plant in Belfast (my city of birth) in 2027 which is still dependent on funding, our commercial plant at Tyesley will be operational in less than 3 months.

The difference is that their process is designed to get to separated individual rare earth oxides. Our main short-loop process focuses on extracting NeFeB powder from magnets and then either selling that in powder form or producing new sintered magnets ourselves. So quite a different business. Our process is patented and enjoys massive cost, efficiency and environmental advantages over long loop processes that use solvents/chemicals. We are already rolling out in the US with Hypromag USA, set for first revenue in Q1 2027.

The post tax NPV from the bankable feasibility study was US$262m using the pricing at the time of the study late last year, noting that pricing has increased since then. Using Adamus’ forecast pricing they get to an NPV of $503m.

I think this is before they added another HPMS vessel to the plans, and doesn’t include tripling the capacity, which they intend to do. There will also be tax breaks, potential government funding and capital cost optimisation which would all improve project economics significantly. As will the tariffs that have already been brought in (not accounted for in the BFS pricing) and any more that follow. So in summary their valuation is for 50% of a very conservative BFS scenario, so it’s very much a floor value, and likely to increase significantly.

True, but that was when REE prices were off the chart and we had a lot less shares in issue. I agree though that company is in by far the best position it has ever been and has so many routes to success.

800k buys vs 475k sells today, not as gloomy as the SP drop would suggest.

Yes they are hard to beat in terms of comms. Anything worth sharing?

Nice, like the "actively finalizing commercial agreements for feedstock supply and product off-take" in relation to US project. Finalizing, news soon?

I think it is just the licencing fee from what has been communicated previously, but you could be right.

I have also added this morning in the low 12's.

My understanding is that they get a licencing fee, which I think was a cost line item in the Hypromag USA Feasibility Study.

Nice post, and good change of header! Feels like the SP is taking a bit of a breather as a few have taken profit, we are after all at a two-year high, over 200% higher than where we were 8 months ago and 33% higher than we were 8 trading days ago. But there is no denying the overall upwards trend, and I truly believe we are just getting started here. Hopefully 12/12.5p now acts as good support (having provided a bit of resistance on the way up) and a springboard for the next leg up, which is likely to happen pretty soon given all the positive news we have coming.

Seems like someone just did, and made £4....

Weird trading, can buy for 13.21p and sell for 13.22p right now...

I think most posters predicting moves into the 20s have been talking about the medium term in general, and focussing on the cup and handle formation (which I understand has a while to play out). Others have said that we should be valued in the 20s based on what we already know and the news to come e.g. SPAC listing must be at a certain $ value which would be equivalent to a majority of our current SP. I haven't personally predicted a particular SP as we have so much news to come, from so many sources and I am not a chartist. I'm happy with the steady rise, with more buying ops on any pull-backs. I'm here for 50p-£1 in the long term.

When I say before the news came out, I mean before you and others shared the list of successful projects, not when MKA RNS'd it.

The bid before the news came out was 11, it's 13 now, so you could argue that we have had a near 20% rise on the news. But as many have said, it is hard to value the news, particularly given the multi-asset nature of MKA, the relatively little info we have on Pulawy (until now it's been a non-core project) and the fact that we are on AIM. In the next few weeks we are expecting a listing valuation for the NASDAQ SPAC. This news will 100% be reflected in that valuation IMO. That's when I expect the fireworks.

I see the inevitable pull back on EMH has now happened. Over on that BB the P&D crew were in full force in the run in to close and there was talk of each of the selected projects getting 500m euros in funding. I’m glad that this BB didn’t get like that and that our big rises, when they inevitably come, will be much more sustainable.

The two large delayed trades in the 15’s were buys and the two in the 14’s were sells. The rise into 15’s never really had momentum, it was more a case of MM’s taking it up after the RNS landed, thinking that this was new news, when in fact it was already largely reflected in the SP due to the delay in the posting of the RNS.