Member Info for esduk

Nice. Building some momentum on L2 again, will we see 50p today?

Personally I'm not a fan of crypto, but at the same time I'm not trying to say that money hasn't been / can't be made there. I was just making the point that people who have doubts / issues with the current centralised fiat monetary system would have traditionally mostly invested in gold and miners, but the arrival of crypto has meant a lot those investors / speculators have gone there instead. With the seeming end of the current crypto bull cycle, and gold doing well, I think we get some rotation from crypto to gold. That's just a hypothesis, rather than an anti-crypto statement.

I stated that crypto trades as a high risk asset currently, rather than digital gold, a hedge for the S&P or as a safe haven and regardless of the gain in the last 5 years I don't think anyone can argue with that point. It is possible that Bitcoin may in future become a safe haven asset, it just isn't at the moment. Will it do well in the long term if central banks continue to pump money into the system, quite possibly, time will tell.

I mean, Will was one of 6 guests on the CRMA Strategic Projects panel in Brussels earlier this year, so I just can't see us not getting some form of funding, more likely over the next year rather than tomorrow. Bernd Schafer from EIT, who the article quotes, is well known to Will and Alex and EIT has invested in both Pulawy and Songwe. There are a lot more credible dots to join here than the wishful thinking / imaginary dot joining we had for Canada/the G7.

Agree GLR, I warned against the Canada/G7 expectation at the time, but this is different. There is a known list and we have two projects on it. There are only 7 RE projects in total, and we know RE's are a focus and we know processing is a focus. Caremag 's processing project is focussing on heavy rare earths, whereas Pulawy will be mainly light rare earths, with some heavys. Logic would dictate that Pulawy gets supported as a priority, and if it does then that means Songwe should also get support (funding and or financing) given it feeds Pulawy.

Great article GLR. Liked this bit:

In addition to funds and coordination, the commission said it will present plans next year to restrict steel scrap exports and magnet waste in an effort to keep more supplies on EU soil.

Magic, we are not getting carried away on a potential announcement tomorrow, the rise the last few days has imo been driven by Q3 results announcement. I don't think we'll get project specific announcements/funding commitments tomorrow and would be very pleasantly surprised if we did. But the fact that there is going to be 3bn euro in funding (to be deployed over the next year) plus additional from EIB in financing, is very positive for us given we have two assets with Strategic Project status and world leading recycling tech. It may not be tomorrow, but we will surely get a large piece of the pie.

And any warrant conversions, when they happen, will bring in additional cash.

A 21k buy at just under 49p, things are looking up.

Thanks Shareinthis. As others have pointed out, this guy is a FUDster and is misrepresenting the cash position.

The cash position is actually a lot more healthy than I was expecting. Previous cash burn was around $1m a quarter, we had $2m in the bank at 30th September, add to that $4m from the raise post period end and also add first revenue from sale of 3 tonnes of magnet powder. I guess right now we are somewhere around $5m in cash. This shows me that the Board's raise a few months ago was conservative in nature and should last them until end of second quarter 2026 at least, by which time the SPAC should be done and we should have major revenues from UK and Germany.

I'm a middle aged (41) investor here and I think Greatland's investor base is likely to change with Gold's investor base. Younger/middle aged people who would have traditionally looked at Gold as an investment (particularly if they have doubts about fiat debasement / government debt), have instead piled into crypto. But I have noticed this shifting a bit in recent times, with Gold's fantastic rise and crypto's recent crash/correction.

Those talking about crypto as digital gold have so far been proved wrong, and it is clear that it is not currently a safe haven, but instead a highly Nasdaq/tech stock correlated risk asset that is very dependent on liquidity being pumped into the system by central banks. I suspect both Gold and Greatland, will start to see greater interest from middle aged and younger investors going forward (outside of the family of holders) as the debasement trade talk picks up and people realise that crypto isn't part of it (at least for the foreseeable future).

Yes FinePrint, it does look like the bigger volume buying has stepped back up. We had the 45k and 90k yesterday after close as you say. We've now just had two delayed reported 30k buys and some 25k's as well, amongst others this morning.

I noticed that around this time yesterday that they reduced their volume on the bid and ask to 0 on L2. Maybe they've got a regular coffee break around 10.30... Stifel have been more active on this share recently, and mainly on the bid side from what I've observed.

Sorry for misinterpreting SG. I don't know whether it's my silver thesis playing out, the Q3 results, or something in the water, but I'm feeling extremely confident about the next few weeks and months for Mkango. I think we have had our pull back, our delays have been absorbed and we've got through our period of relatively little news. I think we are primed for the next leg higher, and I'm actually grateful that I've had the opportunity to top up quite a bit in the 40's. I get the feeling that most on this board feel the same.

Tick up to 49p on the ask, coiled spring...?

Tbf, I think Shareinthis has been a long term, but relatively anxious holder, so personally I don't think his post is out of character. Sounds like my suspicions about this guy on X were correct though, thanks for confirming guys. Tbh, I think that collectively this board has a way better understanding of Mkango than anyone other than its management team and senior employees. So some random bloke on X spouting FUD is irrelevant.

Looking at his general tweeting, that I can see, he doesn't seem to be a fan of Myles. I also doubt he has any clue about Mkango, but I'll reserve judgement until you've shared the specific tweet (either via link to it directly or just pasting the words in a post here).

Sorry can you share the tweet? I'm not on X and when I press the link it just takes me to his handle, not the tweet in question.

Moving fast again, at 46p bid / 47p ask, this could be the one.

Agree Mrs Robinson, it's been a little frustrating. But the good thing about yesterday was that the 50k seller wasn't behind the failed attempt like they were last week (no idea what was, other than possibly MM shenanigans). We'll get there, today, tomorrow or next week. We all know where this is going.

Shareinthis, the proforma value of Mkango's share of MKAR is $400m, and CrownProptech's proforma share is $70m (from memory), so that's $470m. But there will be a PIPE financing alongside this, which will issue new shares in MKAR. So if they decided to raise $50m via the PIPE financing, the total MCAP of MKAR on listing would be $520m, all else being equal.

From reading this post I’m not sure I’d expect any specific projects or funding to be named tomorrow, but I would be happy to be surprised.

Good post from our mate Bernd at EIT about tomorrow’s announcement.

https://www.linkedin.com/posts/bernd-schaefer-eitrawmaterials-ceo_shaping-an-impactful-resourceeu-turning-activity-7401291636351332353-mUze?utm_source=share&utm_medium=member_ios&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow