Member Info for esduk

Another 100k been put on the bid for the 2pm auction. That's three times today. Someone is patiently bottom feeding and building a big position.

Currently 51.2p to sell, so the advertised bid at 50p isn't representative. But yes, it's been quite the reverse yesterday and today. I've used it as a buying op.

Price differences between markets often come down to P/E or FCF multiples. In the US these are higher than the rest of the world, where optimism, growth, liquidity and risk appetite is highest. The gap may be starting to narrow though, as it did last year, with most markets outperforming the US.

Agnico Eagle, with its primary listing on TSX and secondary in US markets, has had a sector leading multiple (was over 23 last time I looked a few months back) for a long time now. This is because they have proved that they are the best capital allocators, mine builders and mine operators in the gold business, and continuously beat earnings expectations. They have a multiple akin to the average in the S&P 500.

I see Greatland getting up towards that multiple over time, as management continue to deliver earnings beats, and sector beating performance. But you don't develop a high multiple overnight, it takes time and consistent performance to show the wider market what you are made of. We are in early, and we will benefit hugely from this likely massive multiple expansion that is coming our way.

Thedoors, if you are referring to Newmont, the reason they are up so much in pre-market is because US markets were closed yesterday. So all US listed shares are making up for Gold price appreciation since Friday close, which has been substantial. So it's not a like for like comparison, you need to look at GGP price increase since Friday close when comparing it to the Newmont pre-open 3% move. I am invested in a number of US and Canadian listed gold and silver miners, and you can see the catch up impact there too.

That being said, you get the highest liquidity and biggest moves, in the US markets, particularly when talking about generalist money moving across. They see gold prices going up, think I need some exposure, and go buy Newmont, which is the only miner in the S&P and a very well known name.

Looking over Will’s posts / re-posts it was also good to see this from David Kennedy (who also founded Less Common Metals) in response to Will’s post about the official opening. A great reminder of what we own here:

As both a founding director of HyProMag and an Honorary Research Fellow in the University of Birmingham it is a privilege to be involved with such a wonderful project in a late industrial career. It answers aspirations for low climate impact recycling and reuse of critical materials that have been neglected since NdFeB was patented in 1983.

Three important factors. There is no substitute for NdFeB in sight or over the horizon; there is no existing indigenous supply of RE's in UK or Europe; Hydrogen Processing of Magnet Scrap (HPMS) is unsurpassed as the most efficient method of clean extraction of magnets from EOL products.

Interesting that the original post mentioning Toyota having tested the magnets was from Benchmark attendees at the Tyseley opening. These are the guys I was talking to a while back about getting more detailed pricing info and rare earths analysis for the RE sector. The contact I spoke to knew Mkango well and said that Benchmark had been working with them on a range of things, including pricing input into Hypromag and Lancaster asset studies.

You mean Envipro right Bonker, yes if you read between the lines you can find a lot to be bullish about Japan-wise.

He's been a busy boy on Linked In hasn't he. I missed that particular one ajc, will have a look for it. That is potentially massive for us.

We got a bounce from 40p to 60p though in just over a week, so it was a substantial move.

I am a bit of a novice on charts too ajc, but yes I think so. Though bonker's chart had us going to 70 before the pull back, whereas we only got to 60. Not sure whether this means the structure still holds, that's beyond my limited knowledge.

Top up for me in the 51's.

Yes Bonker, they really pulled the rug out from underneath once it hit 60p shortly after open yesterday. I'm relaxed, we know what's coming here.

Someone has stuck 100k on the bid at 52p in the 11am auction, which matches the current ask of 52p. There is money about, looking to move in.

I guess it may be related to wider market. Looks like a big down day across the board. Still going to look for that loose change though, this de-globalisation is very bullish for Mkango.

They're really dropping the @ss out of her this morning. Going to have to scrounge around the back sofa for some change to top here at this rate.

Who knows, correlation and causation are different things but our trading action at the moment does seem to be mostly directed from across the pond, whether that is due to US/Canadian money generally or TSX-V pricing specifically. We had quite a bit of buying interest around 2.30pm, but there looks like there may have been a substantial sell around 2.47pm, when the pricing shifted. There are definitely bigger buyers and sellers about at the moment and volume has increased substantially in the last week. This is generally a good thing, but let's see.

In summary, I was trying to say, starting from 2nd Feb, and using your assumptions, I get a range of end of April to end of May / start of June for the listing, depending on whether we use 8-12 weeks for SEC and 3-10 days for closing procedures. So I wanted to know how you got to late June / late July for your estimated listing date? Perhaps you assumed the Nasdaq listing application review wasn't run in parallel with the SEC process, though you say that it typically is run in parallel.

Haha, apologies, not sure what the hell happened to all my posts, LSE seems to have had a hissy fit. Or maybe it's a sign I am writing too much... last try before giving up:

...aligns with your

Aligns with your

Sorry, it keeps cutting my response for some reason...

Interesting osebo, thanks for the further insight.

I had read 1-2 months for typical timeline between documents being filed with the SEC and SEC sign off, but your timeline looks like it is more granular, and it will be dependent on how many comment rounds there are. Hopefully with Cohen and Co advising, we should be snappy, particularly given all their recent relevant experience. On CPTK shareholder vote, I think they need a minimum 20 business days to review the deal before voting, which pretty much aligns with your

Interesting osebo, thanks for the further insight.

I had read 1-2 months for typical timeline between documents being filed with the SEC and SEC sign off, but your timeline looks like it is more granular, and it will be dependent on how many comment rounds there are. Hopefully with Cohen and Co advising, we should be snappy, particularly given all their recent relevant experience. On CPTK shareholder vote, I think they need a minimum 20 business days to review the deal before voting, which pretty much aligns with your