Member Info for esduk

8.2% up now, looks like they are letting her run.

Can sell 100k for 45p, a full penny above the advertised bid.

Yep, that 200k buy seems to have kicked this all off.

GLR and Myles both also been drumming up interest on X, along with you and Bonker Jimzi. Collective effort paying off perhaps.

L2 looking funky for the 2pm auction, a load of 5's on the bid from 43.6p up to 46p. Some kind of codes being used perhaps?

Well for whatever reason, we are getting a big bounce right now.

So they'll take over 500k off you slightly above advertised bid, chimes with my post earlier (although on HL wouldn't go above 250k at 42.37p). Certainly encouraging.

Now Pierre's references to Equinox, Orla (where he is on the board) and building larger Canadian gold miners in his interview on Kitco the other day make sense.

Interesting to see Equinox and Orla merger just announced. Looks like M&A and consolidation continuing heat up in the gold mining sector.

Mike, you are right that the RSU pay out for closing of the transaction by end of 2025 (which was in an RNS) was certainly the main source of the December target, though it may well have also been communicated elsewhere. I guess that just reinforces the other shortcoming though, which is lack of comms from the company. If all they put out is an RNS that says they get RSU's if the close happens by end of 2025 then the market will assume that is the target. They didn't set out the process for Nasdaq listing to the shareholders clearly and they obviously underestimated it themselves.

Anyway, time to move on from this, we are where we are and this will all be a distant memory when we are well above £1 after the MKAR Nasdaq listing and well above £2 after the Hypromag USA Nasdaq listing.

Great interview with Matthew Piepenburg on Kitco if anyone is interested. One of the most articulate commentators out there imo.

https://youtu.be/lvSybXcF8w8?si=4H2WJ1nGgFYFInAU

Definitely agree that we need to bulk up the management team and board throughout the business and subsidiaries, hopefully they will have done so for MKAR.

Agree that we may end up being lucky in terms of our timing if we list in the next few months when the rare earth sector is really hot, as it had cooled off by December last year.

I wouldn't put material blame at the door of the government shutdown though. We clearly didn't realise that we needed to submit updated DFS for Songwe and a PFS for Pulawy to the SEC as attachments to our registration statement. Whether that was due to bad advice from Cohen and co, miscommunication with the SEC or a management mess up I don't know, but it was a big error. The SEC shutdown can't have affected the process materially as we weren't ready with our registration statement submission until 16th Feb, months after the shutdown ended.

In general I would like Will and Alex to provide more realistic timeframes for milestones and then meet or beat these targets, that is the way to manage a business well (particularly one listed on AIM), and something they need to learn imo.

SP took sells of 110k and 65k in its stride there and I can sell 250k well above bid, so there looks like there is plenty of support at 42-43p. Definitely seems to be the bottom of the trading range.

Velcro, I think it does matter to some extent, as we maximise our value if we strike while the iron is hot. If the listing had have happened on time in December last year then we wouldn't have had the 10% dilution discounted raise last month and the management team's credibility wouldn't have taken a hit. Yes we will get there in the end, but missing the rare earths craze in America would be a big shame (who knows how long it will be the hot topic) and the dilution that has come from the delays reduces our upside somewhat.

I'm going to give up on predictions in that regard... We are in the hands of the SEC. We submitted the listing forms on 16th Feb, so are nearly 3 months in now. They set up a meeting for a shareholder vote on the transaction on 5th June, but given the required notice period it looks like we would need a decision from the SEC by the end of this week in order to allow the 5th June vote to go ahead. The listing would be within a week or so of the vote. So it still feels likely to be end of this quarter or early next quarter, unless there is something materially wrong with our application to the SEC.

CPI was released at 1.30pm UK time, spot gold was $4,690 and within 20 mins (1.50pm) it was up at $4,711. So the markets immediate reaction to stronger than expected US CPI was a $21 increase in the gold price. Silver's reaction was stronger and has stuck, whereas gold has given up all of those gains. The main point is that gold would be expected to fall on higher than expected inflation figures as the FED would be less likely to reduce interest rates (lower interest rates are usually positive for gold). The fact that it didn't fall is imo a positive sign that there is bullish sentiment for gold.

Thanks soda, good to know, those are the kind of jobs that Belfast needs so I hope they are successful. I'll take a look at the wider company. If it was just the Belfast RE subsidiary I'd definitely take a punt to support local business.

One thing the X post does remind me about is the EU 2030 mandate for 25% of critical raw materials to come from recycling. I know we all know about the mandate but I don't think it's given the focus it probably deserves on here. Hypromag Germany (and UK too) will no doubt be planning their expansion and roll out to fit with this timetable.

I imagine most major European OEM's will want to get the testing done years in advance and slowly ramp up their use of recycled materials over the next few years in advance of the deadline. It's a massive tailwind for Hyromag's European and UK businesses and with Pulawy set to come online in advance of 2030 and our potential purchase of a magnet manufacturer, we should be very well placed to satisfy the full range of demand e.g. magnets built with 25% recycled material right up to fully recycled magnets.

Looks like gold and silver took the higher than expected US CPI numbers in their stride and are actually bouncing following their publication at 1,30pm UK time. Reacting positively to higher than expected inflation numbers is a bullish sign for the metals and miners imo.

Out of interest soda, where is the demo plant located? My family home is less than 5 mins away from Queen's, so maybe I should make a small punt for nostalgic reasons.