Member Info for esduk

And another 50k at 53p. If they open the SP at 49.5p on Monday then you just know games are afoot. Letting 400k in buying volume through at a higher price without impacting the underlying SP would be a joke. But I'm not holding my breath. This is AIM after all...

323k of it just got filled at 53p. What a scam. They used the closing auction rather than the open market throughout the day. If they had have tried to buy 0.5m throughout the day the SP would be low to mid 50s. Interesting to see where the MM's open her up on Monday given the massive UT at 53p. Smoke and mirrors continues. Let the naysayers explain that one...

Think the auction is being extended. Lots of positions being placed on the ask to take advantage of that massive bid. Someone wants in big time.

They've just moved it down to 53p

Holy sh*t batman, someone has just placed 498,262 on the bid at 53.6p in the closing auction! What the actual f**k? Maybe Santa has decided he needs some Mkango in his life!

This is definitely the case cadellin. The SPAC listing was the big valuation crystallisation event and along with the US/China tensions was the biggest driver of SP performance. Announcing an actual date for the listing would put a rocket under the SP (though obviously this is subject to SEC process/confirmation) but some short term money has probably exited until then. It is only the expected timeframe that has changed, so patience is all that is needed. The positive news we have had has underpinned the SP and prevented us from falling back as much as the rest of the RE market.

* which was sort of the case yesterday.

Not saying it's just MM's marking it down, we have clearly had a seller(s) over the last few weeks. But when volume is low like today, MM's starting the day by marking the price down 2p without any sells, can itself cause other sellers. Obviously if there were a lot of buyers out there this wouldn't work, which was sort of the case after. But the MM's can set the tone, direction of travel and momentum by how they play the bid and ask on L2. I've been watching this share for nearly 10 years and I am convinced of that. Market makers choose how they make the market, what they want is volume.

Wouldn't say huge as we are currently at 380k against an average of around 1m over the past two weeks and we don't yet know what they delayed trades will be, and these can often add a substantial amount. Things winding down for the year now too, and I don't expect any more RNS'.

Disappointing SP action, not helped by MM's opening her down every day on nothing other than perhaps the TSX-V closing price. But while I would obviously prefer to be in the high 50's/early 60's after the recent positive news, for me this is just a buying opportunity as funds become available.

I’ve got an idea. We should all start buying on the TSX-V, easily drive the SP higher due to relative volume and then see if the MM’s mark is up here… the dynamics at the moment are a bit ridiculous.

Agree with this Element. We will get multiple expansion in time as people get more comfortable that higher gold prices $3,500+ are here to stay. One of the reasons that the multiples for miners are lower is their very poor decision making at the top of the last bull market in 2011. They took on debt, did a lot of bad M&A and failed to manage their costs, and when gold prices dropped again they were unprofitable despite gold prices still being over 4x higher than 2001.

The wider market penalised them for this and have stayed away as a result. This time though the majors are acting in a much more disciplined way, the M&A has largely been sensible, lots of money is being returned to shareholders in buy backs and dividends, bad hedging deals have been avoided, debt is more manageable and they are keeping a better lid on cost inflation (helped by lower oil prices). So as results continue to beat expectations that multiple expansion will come. Look at Agnico Eagle, probably the best run major, with cost and capital allocation discipline, it is rewarded with a P/E multiple of 23.5. Greatland, with a similarly disciplined management team, can get there in time.

Still 49.5p to sell but advertised bid moved down from 49p to 48p. Gotta love it. Don't be fooled.

That's a very good question! Anyone on here have patent law experience..? If we aren't covered with the existing patent, surely it would be relatively straightforward to apply for a new one.

228k buying volume, 194k selling volume = 4% down. That math doesn't pass the sniff test.

Yes, a load of £10.01k sells yesterday too, in batches. SG, don’t forget the intention to explore a Nasdaq listing for Hypromag USA too. Will take some time, but that will be a massive value driver here over the next year or so.

They’ve dropped us 7% on 150k sells vs 50k buys. Someone has been peppering the the ask with £5k sells. Buying opportunity imo.

No need to worry about that... this is from the 26th January 2023 RNS on ESHIA approval:

The ESHIA was undertaken by Digby Wells Environmental Limited (https://www.digbywells.com/about-digby-wells/) in compliance with the latest International Finance Corporation ("IFC") Performance Standards and the Malawi Environmental Management Act, No. 19 of 2017.

Agree SG, I follow a few US RE commentators and there has been a dose of realism over there after all the euphoria of September/October. There was an expectation that government intervention would solve everything and that everyone was going to get an MP style price floor, but this hasn't been forthcoming and Lynas' comments on the economics of their Texas HREE separation plant have added to the realism.

From my perspective this is actually positive for Hypromag USA, as the lowest cost ex-China producer. We have high profit margins at current pricing and other projects having issues getting to production will just increase the demand and price for our products. As the lowest cost producer we would still do well in a world of price floors and large subsidies, but we don't need them and the competition do. As for Songwe and Pulawy, they look pretty much nailed on for US and EU funding/financing so I don't think we will need a price floor to get them financed, though one would be nice to lock in profit margins.

As you and Myles have pointed out, we have held up much better than our US counterparts in recent times, which has a lot to do with the actual progress the company is making without which we would be much lower. USAR is currently trading at $15, having been as high as $44 in mid-October. MP is currently trading at $52, having been over $100 in mid-October. One could almost think of our current 51p SP as equivalent to an October RE mania SP of 90-100p. Will and Alex can't control the wider market or Trump's whims on US/China trade deals, but they can just quietly get on with delivering for shareholders, and I have every confidence that they will continue to do so.

Well said SG! Perspective is needed and a little bit of patience.

*1,000tpa