Member Info for esduk

I would say that Carney, while certainly not perfect, is a more competent leader than any we've had in the UK for a long time.

Yeh, I do worry about us only having 310 tonnes in this current world. While Gordon Brown sold 395 tonnes, most of the UK's gold was depleted during and after World Wars I and II, with much of it paid to the Americans for reconstruction / goods / loan repayment. They didn't want our British £'s and instead demanded gold as they wanted the $ to take over the £ as the world's reserve currency.

Exactly S&S, we win on all fronts. As previously discussed, the carbon footprint, while still important for many companies in the US, has generally diminished in importance in the US, particularly for the US government. However, the fact that a Hypromag plant is cleaner, uses few/no chemicals and produces no chemical waste is still a very positive thing even in the US, as NIMBYism is a big thing there too.

That is a hard question to answer, and will depend on many factors, like the pricing assumptions used, whether they include the heavy rare earths, mine build costs. But I think it's safe to say we're talking an NPV in the multi-billions.

Maybe they are giving themselves some wiggle room, given they have failed to hit previous milestones by quite a bit. May also be linked to the heavy rare earths find. I'm relaxed, this is a 3-5 year hold for me and if they need to go back in the bottom drawer I have no problem with that.

Mkango have just under 40% of Hypromag USA through our just under 80% holding in Maginito, but Cotec need to fund Hypromag USA's ongoing development costs (through shareholder loans) and source financing. Not sure exactly how it will work when it comes to the US listing. I assume we will each give up some of our share as part of the listing and if Will and Alex are savvy perhaps we don't lose as much of ours, given that Cotec will no longer need to fund the company and we are still bringing the most important thing, the IP and the know how. Will be interesting to see the how it plays out.

In terms of buying Cotec for additional exposure to Hypromag USA, if you have a large holding in Mkango I don't necessarily see the need to do that. But if you think Cotec is currently valued more cheaply than Mkango, and are looking to up your exposure to Hypromag USA then buying Cotec makes sense. For me, I've got plenty of exposure to Hypromag USA, so I either buy Cotec for the other assets, or when it's very cheap compared to Mkango / peers.

Tuck, USARE’s market cap of $3.2bn is a complete joke, at over 10x Mkango’s, but hopefully we’ll be the ones laughing all the way to the bank once we’ve got the two Nasdaq listings…

99% of RE magnets don’t currently get recycled. Locking down magnet scrap / feedstock supply agreements is crucial. We have already got an agreement with ILS who commenced stockpiling in the US a few months ago and Julian said in the interview to expect further supply agreements in next few months. As the lowest cost recycler we should have a competitive advantage, but acting early and getting the right partnerships is key.

I own a bit of Cotec and have done for years, but my holding pales in comparison to my Mkango holding.

The Mkango share price last Summer and early Autumn rose a lot off the back of the MKAR SPAC which Cotec has no involvement in and Cotec looked relatively undervalued as a result so I added more. When it had a fast rise to $2 CAD I took some off the table as needed funds for a top up here at Mkango. I’ve added back into Cotec on recent weakness.

I’m mainly invested there for the exposure to copper, iron and manganese rather than Hypromag USA as I had plenty enough exposure to Hypromag USA from through Mkango already. Near term they don’t have MKAR SPAC news to drive their SP, but it’s still a good semi-diversifier. Though if you are wanting to manage your risk probably best to invest in a different company completely because it’s still highly correlated to Mkango.

It is indeed Kalasin, it is indeed. 40% of billions is billions... How many successful operating magnet manufacturing plants are out there currently in the West? We have one, just starting to hit its straps and opened by the Minister last week.

Modular design you say? Why that's marvellous, it will only get easier to roll out from here. First US plant is just 3 x HPMS vessels to Tyseley's 1 x HPMS vessel (may soon be 3 x post expansion). So given we have made Tyseley work at commercial scale with one HPMS vessel, and achieved even higher levels of magnet performance than the pilot plant (whose magnets have been signed off by major OEMs), we are all gravy from here on out.

Very very possible, Gold is just 1.2% away from $5k, Silver is 3.6% away from $100.

Gold / Silver ratio of 50, with Gold at $5,000 and Silver at $100, sounds very nice indeed to my symmetry loving, OCD mind.

Which do we reckon hits it's major milestone first, Gold to $5,000 or silver to $100? Right now I'd say Gold has the edge, but Silver can move very quickly when it wants to as we've seen recently. Hopefully they get there at the same time and don't stop for a chat, instead moving on with never a backwards glance.

Thanks speedy! That sounds like a much simpler root to success. I certainly had to kiss a whole load of AIM toads before finding two AIM princesses, many of which went bust in the end (two while I still owned them). The worst was Westminster Security Group, that wretched affair lost me a fair bit of money and a lot of opportunity cost over a long period of time. I also recommended it to my best mate and father-in law which was hard to live down.

But I had some luck and learned some lessons along the way. A poster (StephenFryUp) on the Westminster LSE chat board recommended a new AIM rare earth listing - Mkango, my biggest success, originally buying in at 3.4p. A poster on the Mkango LSE chat board (Bonker99) put me onto Greatland in late January 2025, and how lucky was my timing there!?

Very thankful for those recommendations, and grateful for the chat board and great knowledge here which allowed me to get up to speed on Greatland in short order, and to follow my initially small investment with a much larger one in the 8p's. Oh and thanks to you I transferred my cash savings to Britt's while Gold was just over $3,000, buying from Chards. So a lot of luck and a lot of thanks to go round.

Thanks Element, that is a great chart indeed. Love myself some macroeconomics, though much of this stuff is a far cry from what they teach you / what I studied at uni back the day (you wouldn't know Gold existed...). I often wonder if I have got myself into a bit of an internet worm hole, group think, echo chamber on macro, gold and silver, and try and challenge myself to read other views. But no matter what I read or who I listen to, all roads lead back to debasement, rocketing asset prices, gold and silver prices that would have previously seemed unimaginable, and a Greatland SP that could start looking like a Joe Root batting average.

I've been in Mkango Resources (a UK rare earth play) for the last 10 years, very heavily in the last 18 months, and after lots of rollercoaster highs and lows (8p to 2p to 38p back to 4p currently at 53p), I'm on a ten+ bagger, having held to my original narrative that securely sourced rare earths and rare earth magnets would eventually become vital for all serious global players.

Towards the end of last year I started moving all of my SIPP and ISA funds that were invested in bog standard investment funds into Mkango, Greatland and more latterly other gold, silver and copper miners. The narrative was clear, particularly with a second Trump presidency about to start. I'm hoping to ride this current commodities super cycle to early retirement, and thanks to Mkango and Greatland in particular I'm a lot closer to that goal than I expected to be at this stage.

After years of poor AIM investments my major lesson was to pick a narrative you understand and believe in, do lots of research and choose a few companies that are set to benefit substantially from that narrative, crucially with top class management teams, that put shareholders first. I am lucky to have found two such companies on AIM and they have already proven to be life changing for me and those I love. And we're just getting started...

Agree velcro, a blessing in disguise imo. The current sentiment isn't linked to Trump's latest whim or TACO, the reality has set in, and we should be much better positioned for our listings, with substantially higher RE prices to boot.

100k has been joined by 50k on the bid at 52p. When news drops, these boys are going to need to set those bids substantially higher.

My US/Canadian miners are up an average of about 6% currently, compared to GGP's 1.5%. I reckon the boys down under will catch us up overnight and we should gap higher on open tomorrow, perhaps as high as £7.

Absolutely Element, the media are clueless about gold and silver and constantly attach the wrong narrative to price movements. Yes geopolitics plays a big part, but this is the geopolitics around moving away from US Treasuries as the sole / main reserve asset and that decision was set in train along time ago, and reinforced by the weaponising of the $ / freezing of Russian assets in 2022. It is also the geopolitics / macroeconomics of other countries seeing the USA at c.125% Debt / GDP and $2tn+ deficits, needing to debase their currency even further. Short term geopolitics is good for a day trade and that's about it, long term geopolitical trends matter, but are already in train.

What is clear is that Gold and Silver are in buy the dip mode, so pull backs are shallower and consolidations are sideways. I think retail have joined in recently, but this is mainly being driven by central banks, institutions and governments (in the case of silver). The idea that we will get a massive sell off in the miners for liquidity purposes if there is a major market correction, is also one that is championed by most, including Don Durrett. I am not so sure, and I think Tuesday's great performance of US listed miners against a terrible day for the Dow Jones, S&P and Nasdaq post latest Trump shock may actually suggest that miners won't be as badly hit as people think.

Nice Floyd, thanks.

USARE up over 15%. Give it time, we will be getting the same interest / money.