Member Info for esduk

UT at 56p. It is all very smoke and mirrors at the moment. Let's see if some delayed reported trades turn up later to justify the price action.

Cheers bonker. 56.8p paid for 13k shares while advertised ask is 56p, what's all that about..?

Another great episode of live from the vault with Andrew Maguire was released today. Looks like silver is breaking above its 50% fib retracement at $92.90 right now and gold is ready to head back and test ATH's in the next week or two.

Off topic.

Bonker, interested in your views on the silver chart if you have one. Looks to be breaking above resistance at 50% fib at $92.90? You still bearish on the silver miners?

Yeh, if we can rid of the last of the trigger happy swing traders who want to bank their 10-20%, we could easily push much higher. Probably need some interest from the States this afternoon though to break the last resistance and get into the 60's.

Shows you what jokers the MM’s are that for 55k shares you need to pay 1.6p over advertised ask. Stinks, but that’s what we’ve come to expect. Anyway, should be good news for tomorrow.

Looks more like smoke and mirrors to me, true spread was 56.98p to buy, 56.5p to sell. The sell price is similar to what it was a couple of hours ago. Though I see they’ve just now raised the advertised bid to 56p and then 57p as I type.

MM’s taking the p!ss here with the advertised spread. Currently 56.22p to sell, well above mid. Trying to paint a more negative picture. They’ll also take 150k off me above bid.

Great insight, thanks rumpelstielzchen!

Drantley, it’s probably the one area of Mkango’s business I’m less researched on. I think velcro has a good understanding though, and has experience in Poland, so has insight into the business, financing, taxation and regulatory environment.

Haven’t looked into Grupa Azoty in detail but my supposition would be that the Poles do not want to lose their industrial base like the rest of the Western world and will make sure such businesses are supported through their industrial policy. Whether they are to be broken up I don’t know, but I think the supply chain that Pulawy fits into will remain, regardless of company structure. I also think we are nailed on for Polish administered EU funding and perhaps this will be a way that the Polish government looks to indirectly support the wider industrial site.

Someone wrote a good post on Pulawy a while back. We do have a Mkango Polska manager on the ground and he has been in attendance at events and in meetings with Polish ministers (possibly even prime minister) and also in discussions with Japanese ministerial delegation to discuss rare earth supply chain cooperation (from memory). They have obviously now done their PFS for Pulawy as that was needed for SEC filing. We should know a lot more once it is released, which may be post SEC initial review or post SEC approval, not sure which.

Yeh maybe that’s what will be needed SG, though we did actually get the news we were after around SEC filing already, but the SP didn’t benefit from it at the time due to a large seller. As Bonker’s wedge pattern chart shows, a breakout either way is likely to happen pretty soon though, and my money is on the upside.

We do seem to run up against a bit of resistance every time we get close to 60p. Need to break through that and then retest of ATH’s is likely to be on.

Bidding extremely strong, 60’s on the cards today if we continue like this.

We are in for a major re-rate. The timing isn’t certain, but is likely to be within the next 2-3 months and could even be starting today. The price being back in the 40’s (briefly) and low 50’s was an absolute gift for all of us LTHers on here who know the score.

This is going to be a fun few months and I’m happy that I get to experience it with a great board of dedicated researchers and posters. Got on the train back down from Edinburgh and the price immediately spiked, same as Tuesday. Clearly I should travel more often!

SEC approval will likely be mid March to mid April, with listing happening around 30 days after this. CrownProptech shareholders need to be given 20 business days to review the prospectus post SEC approval before the vote and then the listing should be within a week of this approval. So listing timeline is mid April to May.

Yes I follow Rick Rule through his weekly Rule Classroom Q&A in which he often gets asked about Sovereign, which he is very bullish on as you say. His shareholding is separate to that of Sprott, though he is also Sprott’s largest shareholder as they previously bought out his business in an all share offer.

From what I’ve heard Rick say, he thinks Sovereign could be a 20 bagger (although that was when we were in the low 30’s), and he hoped Rio didn’t buy the rest of the project as this would restrict him to a 2-3 bagger. As I understand it Rio basically have 6 months post DFS to decide either way, so we should know this year.

Yes Sprott Inc hold 5.63% overall apparently. Apparently of this 5.63% they hold 0.22% through their Active Metals and Miners ETF, but none through their Critical Materials ETF.

I posted about this a few weeks ago. You can keep track of institutional investors on Morningstar. Hopefully over time institutions will make up a much larger portion of our investment base.

The Sprott ETF holdings will increase/decrease with fund inflows/outflows so I’d expect their holding to naturally increase as interest in the sector rises. Then they will rebalance based on market cap every 6 months (in June and December). Hopefully by the next rebalance in June we will get a bigger weighting, due to growth in market cap after all the company changing news we should get before then.

Thanks Colin. I’ve just summarised the business case for Mkango in response to his latest post so let’s see if he bites this time. The fact that we currently only trade OTC in the States is likely one of the reasons he hasn’t given us much air time (his followers are mostly US), but hopefully the prospect of two Nasdaq listings changes that.

Haha, yes, he is still the CoalTrader but has recently diversified into rare earths, wise move if you ask me…

I’m not a paid subscriber so don’t get most of his company specific stuff, just the general RE chatter. I have chatted with him and asked him if he was aware of Mkango. He was aware and I made the case pretty strongly but no idea if he has recommended it to his followers.