Member Info for esduk

I don't think it is fully commissioned or in commercial production personally. I think they would RNS that. They will be going through the commissioning process and I'm sure a decent proportion of the equipment has already been commissioned, but my read is that we are still in the commissioning phase rather than the production phase.

Silver over $85 and Copper over $6. $$$$$

Definitely some big accumulation going on in the background, and the ask has ticked up to 47p, a rise of 7% so far today.

Another tick up in the bid, to 45p.

Well, whatever the case may be velcro, I'm enjoying the impact on the SP, bid has now ticked up to 44p.

Exactly velcro and S&S, Will and Alex don't have the capacity and aren't in the right location to be driving Hypromag USA. That was part of the deal with Cotec, that they would fund, develop it and drive the project forward in exchange for our expertise and IP. JT is doing exactly what we want him to, and we are grateful to get the regular updates from him.

Yes SG, Neodymium at it's highest price for nearly 3 years. Gold and Silver both made new ATH's overnight in Asian trading and Copper isn't far off. Smells like a commodities super cycle to me.

If you look at Chinese M2 money supply expansion you will see another big driver of the metals rally. Everyone focuses on the US, currency debasement and Fed funds rate, but Chinese monetary expansion seems to go under the radar.

All a very positive backdrop for us in a year where we start major commercial production, take FID on our biggest plants yet and list our mining / refining business on the Nasdaq.

This company will be an absolute monster! Well done biffa on calling the Monday morning RNS. The first of many over the next few months as 2026 looks to be the year that Mkango arrives in the big leagues.

The Gold to Silver ratio is pretty much all any silver bug or analyst talks about. Maybe not seen as that important to those only focussed on Gold, other than to indicate what phase of the bull market you may be in. I think I will start selling a large portion of my silver miners at 30:1, but can see it getting to the low 20’s this time given the supply constraints.

I see we $12 Aus, very interested to see where Gold and Silver are at by the time US markets open. Will they use this as a temporary top, or just keep pushing higher.

Silver looks like it is getting ready to test its ATH as well. Copper not far from its ATH either… Metals super cycle..?

Looks like new ATH for gold is USD.

Timber, I think it was known about by everyone in advance, and many people, and particularly institutions, are / were planning to use it to take positions in Gold and Silver, which could explain the lack of impact. In theory it should have more of an impact on Silver, given the need for more rebalancing after a higher yearly gain than Gold. However, spot Silver closed at c. $80 so those predicting low 70's (or below) look like they were way off the mark. Let's see what happens over the next three days before saying for certain, but I certainly wouldn't be trying to trade around it and I don't think it should be used to fearmonger.

The rebalance started on Thursday 8th and ends on Wednesday 14th. So far so good as Timber says. If you want to read a good explainer search for Ole Hansen, who is the Head of Commodities Strategy at Saxo Bank. He is a regular on the Gold podcasts to and I have always found his info to be accurate.

Haha, I'll get my coat...

What does get me through January and February though, is the NFL play offs, followed by the start of the Six Nations. A definite example of the "good" that sport can do. The less said about the Ashes, the better...

I don't have a Miele dishwasher Monte, but we had the technician around on Friday to fix a problem with the Miele tumble dryer, which we've only had for 17 months. School run was no fun last week for sure. Definitely made me miss New Zealand, where ice is only a thing you encounter on the ski slopes or in your G and T. No alcohol for me for a few weeks sadly / necessarily, but I do like myself a good Chablis.

Thanks duffdaffy. I haven't given the G7 meeting much thought and I reckon most people on here have probably avoided speculating about this too much given the misplaced hype around the previous Canadian meeting. Would be interested to know if any kind of concrete announcements are expected at the meeting, but certainly not holding my breath that we will get anything company specific. Rare earths in the news should never be a bad thing for us though.

Nice posts velcro. I agree, we have not been taken up over the last week by the returning hype around US RE shares, but we are steadily developing and adding value to our business in the background. That makes us a much safer bet in my eyes, and a pretty asymmetric opportunity with limited downside risk from here as explained earlier this week. That is why I am comfortable committing such a large proportion of my wealth to this share. Given the amount that you hold I imagine you must feel the same.

If something goes up on hype and general market sentiment alone, it is likely to come crashing back down sooner or later (as USARE did in November and December) unless it can make use of that hype to raise capital at a higher valuation and deploy that capital efficiently. I think this is why USARE decided to buy Less Common Metals, they wanted to make use of their own inflated market cap to buy something that actually had nearer term value than the rest of their assets.

Going up on headlines about RE potential in Greenland is a case in point, and as people have said, just like the Ukraine RE story, is completely hype driven and will have no impact on USARE's business prospects in the next 5-10 years, if ever. But that's the world we are in at the minute with the Donald's comments driving markets on a daily basis. You can definitely make money that way, but a lot of it will be pot luck and you need to get your timing right to get out with a big profit. I don't think USARE is an attractive investment personally, and if had committed the majority of my portfolio to it I wouldn't be able to sleep a wink at night. I sleep well with Mkango.

Jbanzi, I first noticed the presentation was removed and replaced by the message "coming soon" on Wednesday (7th) and posted so on here. I had been looking for it to reconfirm exact company structure. Not sure if anyone tried to access it before then and found that message? As I speculated at the time, one would think you would only remove a presentation and replace it by a "coming soon" message if you have something significant to update it with, otherwise why not just leave the old version up. I have never seen the coming soon message before, and I check the website quite often.

Thanks for that info lebuge. I had been thinking about doing something similar after the results were released and there was that disparity in produced vs sold ounces, realising that the only way to know the total level of unsold Gold was to go back through all the figures back to first production figures. You've saved me the effort. Add the copper as well and you're above 1.15bn.