Member Info for esduk

Have done a bit more research this morning. Based on the 5th June Annual General and Special Meeting date, and the requirement under Canadian TSX-V rules of information being mailed to shareholders (or in this case posted online) at least 30 days before the vote, the latest the SEC approval could come would be 5th May, allowing for them to post the prospectus for the vote by 6th May.

The Annual General and Special Meeting can always be adjourned, but I think the fact that this meeting has been organised suggests that Mkango are very confident that the SEC are going to approve the merger by late April / early May. This likely means that the amendments to the original submission were minor and the forms have already been resubmitted to the SEC, with a view that their approval is now pretty much a formality. This ties in with Mkango releasing the updated DFS and PFS for Songwe and Pulawy respectively the other week. The SEC were clearly content with the assumptions that we had used for the $470m valuation and therefore we were allowed to make the documents public.

I think we are likely to get news on SEC approval by the end of April personally, so just four weeks to go. Exciting times, and a fantastic opportunity to top up before a potentially massive rise.

Lor, there were about 2-3 meaningful (over 1k shares) trades at the spike to 83-84p over a minute or two before it came back down to the 60's. This was a spike that no-one actually bought on and wasn't a true all time high by any means. I wrote about this extensively at the time and happy to dig up my notes again. If you were dumb enough to be one of the 2-3 people that bought over 1k shares on the spike then AIM is probably not the right place for you. If you followed this board and this company closely you would understand that this morning was the time to be buying, or in the 4p's in Summer 2024, or under 3p during the peak of the Covid stock market rout.

Not sure FinePrint, gonna do some research on it later, but the letter from biffa’s post last night was dated 27th March, so I assume we aren’t getting an RNS about the meeting date, as presumably it would have come by now.

At this price we are so heavily discounted to the valuation of our share of MKAR ($400m / 84p), that you have got to assume any news released confirming SEC approval / shareholder vote date / SPAC listing date should cause a major rerate.

If June 5th shareholder vote date is correct that means we should be getting confirmation of SEC approval by early May at the latest, to give enough time for CPTK shareholders to be sent the prospectus, which they need 20 days to consider before voting.

Not long to wait, and hopefully the company and Cotec can pull their finger out when it comes to the delayed Hypromag milestones in the meantime. I’m staying patient and adding when I can.

Top up from me, had to sell something else first, but looks like we have a firm date set by which time the SP should be at least 100% higher than it is today. Too good an opportunity to pass up.

Marked down 1.5p on open and quickly dropped a further 0.5p, you gotta love our MM’s.

Fantastic, thanks for posting biffa! Massive news if the purpose of the meeting is for Mkango to approve the listing, which from my 10 mins of research looks very likely to be the case.

It also ties in with my previous thoughts on a late May / early June listing. If it is to be the week commencing 8th June fingers crossed the war is over by then a people are focussed on securing all the necessary rare earths to rebuild weapons stockpiles and accelerate the energy transition (for energy security purposes).

Wonder whether we will get official notice of this in the morning? If so the SP should pop!

Nice to see us to back to even for the day (closing mid price was 39.5p on Friday, but we had a UT at 40p).

That is good Timber, although I'd say that it was a treasure chamber that someone else had already explored, and they perhaps turned out not to be particularly good Egyptologists!

Pj, there is material Tungsten processing in the US, in Pennsylvania from memory. They could be an obvious customer for our O'Callaghan's. I used to be invested in Guardian Metals (unfortunately got out a third of the way through the big rise) who are a US Tungsten developer, and through watching interviews with their CEO it was clear that there are customers and good processing capability in the US, even if China dominates the market.

Yeh, short term pain, long term gain. No more funds available for me unfortunately, but topped up in the 38's last week, so did manage to take advantage. Now we just need the company to start hitting some milestones and communicating with shareholders. Confident that we end the year well over £1.

10.75 (10.5% up), it’s flying. And that’s with gold down 0.3%. It seems that the re-rate is well and truly on.

Nice (and niche) find biffa! Definitely supports my previously expressed view that the Universities of Birmingham and Pforzheim were likely to provide a steady supply of experts to work for Hypromag UK and Germany. Another clear benefit of our close academic relationships.

I see your logic TMT, but imo finance is a confidence game, and the fact that we've artificially avoided a number of recessions since the GFC through money printing means that there are lots of companies out there, many of whom which have used private credit to raise funds, that are in very ill health, particularly when the war induced economic shock, coupled with the AI job loss consumer credit hit coming to bear.

I can see the dominoes start to fall and agree this has been in the offing for a long time, but is being exacerbated by the impact of the war and the consequent higher interest rates and inflation. I used to work at PwC, when they acted as administrator for Lehman Brothers, unwinding all of their positions over a period of about 15 years. I wasn't in the restructuring team, and didn't work on that project, but I know enough to know that a large amount of their positions were in the money and a lot of the creditors got all their money back eventually. The issue that bankrupted them was confidence and liquidity. I can see the same thing happening with private credit (combined with war impact) and while banks aren't exposed in the same way, the financial system in general is very exposed from what I understand. I think we are in for a very rocky few years, which along with the fantastic company leadership and prospects, is the reason I am heavily invested here.

Friday evening, beer in hand, and I can certainly cheers to that Droverman and Element. Next week shaping up to be a big one, get some good rest over the weekend!

I'm not positing a view on the right or wrongs of Trump's actions or intentions Droverman. While I have my opinions, I don't want to put the cat amongst the pigeons in that regard as want to keep my post focussed on Greatland / Gold. My main point was just that for the first time since day 2/3 of the conflict, Gold looks like it is acting more like a safe haven asset and less like a risk on asset. For me, if this were the case it would be a big positive for us as shareholders, because in my view we are a while away from any cessation of hostilities in Iran.

Another good episode of Live From the Vault with Andrew Maguire was posted this afternoon. Not the easiest to follow at times and I have to pretend my IQ is about 20 points higher than it is in reality when watching it, but for those of you interested in the levers that control the Gold price and who don't mind getting very technical it's well worth a watch.

More of the old opaque trading, with only buys reported, but ask moving down 2p. Standard stuff. Would love for the company to actually deliver on one of their milestones on Monday or Tuesday, but we can't be far away regardless.

I don't think this is to do with an incoming Trump announcement, because both Gold and Oil are up. This may be the start of the decoupling between Gold and risk assets, which have both been hit anytime we get news that makes the duration of the war / straights of Hormuz closure sound like it will last longer, and have both done well anytime Trump suggests there is a potential off ramp.

If Trump were going to make a positive announcement re negotiations and people knew about it then the stock market would also be doing well and oil would be down. Clearly something else is driving Gold, and I hope it is the decoupling with the US stock market (which Don Durrett likes to talk about) and the return to safe haven status.

Gold tested its 200 MA and bounced off on Monday morning, it then recovered $4,400 support until yesterday when it closed below this at $4,382. But crucially today it hasn't confirmed below support and appears to have instead bounced massively to the upside.

Most of the people I listen to have been predicting something like this, the immediate liquidity crunch and rush to the dollar take gold down 10-20% and then people start looking up and realising the only way for governments to deal with the costs of this war (economic and military) is to print print print, and Gold becomes the trade to be in again. Perhaps that switch is happening today.

It's taking silver for the ride too. Surprised we haven't had more of a reaction here, though the SP has started to pick up a bit. Think we could be in for a very interesting week.

I was just coming on here to make the same comment after seeing the US indices and Bitcoin's performance today vs gold. Turkey selling / swapping 60 tonnes of gold over the last two weeks to support their currency and bolster USD reserves seems to have had a big impact on the gold price. Other countries may also have needed liquidity and made the same trade. But perhaps today normal service has now resumed, and gold is decoupling from the risk assets (stocks and bitcoin) and reasserting its safe haven status. Time will tell.