Member Info for esduk

One thing I would say about Aya. It's a $2.7bn market cap company, yet the CEO personally replies to my emails, which is pretty impressive.

Apologies to everyone for off topic, please ignore if not interested.

GGP is my second biggest holding after Mkango. Got into it a year ago exactly after a recommendation from Bonker. I topped up there recently despite the massive rise in the last year. If you want to research it, look at the latest company presentation and the quarterly earnings report that was published today. I watched the earnings call last night live from Aussie and am very bullish given Telfer mine life extension likely to mean another 10+ years mining there, and Havieron, a tier one deposit, coming online in 2-3 years. The GGP board has a lot of info on it, though there is also a lot of off topic (hypocritical I know) chat, so you may need to sift through to find the useful stuff.

Aya Gold and Silver (on the TSX) is my biggest silver miner holding and there are lots of good recent interviews with Benoit La Salle, the CEO, who takes you through the company presentation. Again its got current production so benefits from existing high silver prices, but has a tier one project coming online in next 3-4 years.

I also own a number of late stage US and Canadian gold and silver developers and some major producers but won't list them all. If you want to invest in miners without taking as much risk / doing as much work, then GDX or GDX-J (more risky, higher potential returns) are a better bet. SIL and SIL-J are the silver equivalents.

Thanks Jimzi, will put some time into researching them.

Snkj, I talk to the NWF from time to time and have some friends that work there. They are basically the UK equivalent of the EIB, which we lost access to post Brexit.

They don’t tend to lend below commercial rates, and they tend to piggyback on deals that commercial banks are already in. They have made equity investments, including in a Cornish lithium company, but my understanding is that they are looking to restrict these somewhat going forward due to below par performance to date.

So, while they could help finance the expansion of Tyseley, I’d probably prefer commercial debt (assuming we can get it), without the additional complication of NWF financing. If we are struggling to get enough commercial lenders on board, then there may be a role for them.

Nice! Off topic, can anyone recommend any good copper miners? Looking to rotate some silver profits into copper for a longer term play.

Goldman Sachs asking stupid questions…

Biffa, where are you getting the $600m MKAR valuation from, has it been mentioned somewhere that I’ve missed? Cheers

All the gold and silver miners in Canada and US have ripped higher this evening (UK time) after big pull backs earlier today. Bodes very well for Aussie action overnight.

Twas not to be. Ended up 0.5p / 1% up for the day from yesterday's closing mid price of 58.5p rather than the UT at 59p. Very encouraged by the positive action every afternoon for a while now, following over a month where the US open brought selling pressure on the SP in the afternoon. Long may it continue.

60p being paid, come on, let's be having a tick up right before close!

SP action picked up again as US markets open.

For me, the UK grant funding has done its primary job of allowing the development and proof of the HPMS technology at commercial scale. I absolutely agree with you that I would love to see further UK grant funding, and supportive policy around feedstock export restrictions, and both would have a very positive impact on our business.

But where we will likely make the mega bucks is the roll out of the tech in the US and the rest of the world. That's the company changing news imo, and the funding to date has got us to the point where we can potentially make billions from the tech if we can get the global roll out right.

Was watching this last night speedy, they tried it on both Gold and Silver just before 1am UK time. Their moves are so obvious to anyone who follows the charts / pricing action. But the big difference now, as you say, is that these moves fail almost straight away and just appear futile. For years and years they were able to control and suppress the price this way, not anymore. One thing we can actually be thankful to China for...

Fretblanket, without wanting to sound political myself, I think there needs to be some acknowledgement that for nearly 7 months, we've had a rare earth magnet recycling plant operating in the UK, that has been funded by UK grants. The HPMS technology itself was also developed with the support of UK innovation funding.

I think we talk ourselves down too much in this country. We are never going to match the scale of the US, China or EU in terms of funding, though I think people are right to urge UK government to be more ambitious. But I think people should also recognise that we, Mkango, as a company, are only where we are because of UK government support.

Yeh we’ve had the whole debate about Ionic quite a few times on these boards over the years. Their long loop process is complementary to ours, produces separated rare earth oxides, is a few years behind us, at smaller scale and more costly and environmentally unfriendly. They will be producing rare earth oxides, including heavies, so I assume may provide some of the heavies we use to mix in to our process to improve our magnet performance.

Remember, Tyseley was fully funded by UK government grants, so this seems to be no different. It is also a good sign that we may get a grant for expansion to 1,000 tpa. This is positive news from my perspective.

Quite a few chunky buys reported after close.

Kalasin, we are closer to our October high than USAR are.

There's very little expectation of a rate cut at the January meeting, so the notes and forward look will be the things people are watching out for. A bigger driver in the short term may be Trump's pick for Powell's replacement.

It's all about how often you trade shares in your ISA or SIPP account. I make more than 20 transactions a month, so it will be a considerable saving for me as the £5.95 reduction to £3.95 saving on 20+ trades fees more than offsets the £3.25 up to £12.50 monthly account charge.

Looking at the calculator for ISA or SIPP, if you trade shares more than once a month you are better off under the new charging system, if you trade once or less a month you are worse off. Agree that it's been very poorly communicated, but when you look at the numbers it should benefit most people other than those who don't trade at all.

Yeh, I think we're in for a decent afternoon... we seem to be on someone's radar at least.