Member Info for esduk

Thanks for the update biffa. Receiving Tesla’s, how strange. But can’t be a bad thing surely.

Looks like the government shutdown is likely to end soon, so perhaps news on SPaC date within the next couple of weeks (likely Q1 for listing imo).

Johnboy, I have no clue about that. Given the RSI's in the high 80's on most rare earth stock 3 weeks ago it would in retrospect (and possibly at the time) look like a good place to open a sector short. MP Materials is up 11% today (over 30% up from its Friday low) and USAR is c.20% up from its low from late last week so it does feel like short term sector sentiment has bottomed out and potentially reversed.

As mentioned earlier, a lot of commentators I follow have suggested they were waiting for a pullback before taking positions in the RE sector. It's still relatively under-owned / not well understood by even the generalist resource investors.

There was more selling volume than buying volume this afternoon, hence we had a bit of a pull back from this morning's highs. Nothing too dramatic and we still closed at a mid price 3p higher than Friday's closing mid price, so 7% up for the day (ignoring the post close UT's on Friday and today). There was someone on the bid at 49p in volume at various points today, including at the closing auction, which seemed a little unusual.

We had several chunky sells in the afternoon, including one for 115k at 47.1p and a few chunky buys, including one for 103k at 48.74p. For the day as a whole we had 4 x £24.99k buys and 1 x £49.99k buy. Mr 99 accumulating? Now that's a conspiracy theory I can get behind...

Very well said.

I don't disagree velcro. I'm not saying there will be a crash, perhaps a correction, particularly for some pre-revenue stocks that have got ahead of themselves. I was just trying to point out that even in Fevertreeman's worst case scenario for SPAC timing i.e. following a US crash in Q1, we would still be undervalued at current SP.

I also think the company raised to give themselves a six month runway rather than assuming everything would go perfectly this quarter, so I don't necessarily think a SPAC listing in Q1 2026 means another raise. In fact, once Germany is open, we shouldn't have any major cash outlays remaining at the Mkango level.

Each to their own. I personally saw my (and my wife's) net worth reduce by over £400k on the pull back from 0.71p bid to 0.43p bid at close last week. Not an entirely comfortable experience for me, but remain calm and top up I did, and top up I will continue to do at these levels. I'm hoping my gold and silver miners will have a nice bounce given the movements back above $50 and $4,000 respectively today, and I'll be looking to redirect profits from these into Mkango.

I got a lot of top ups in in the last week personally. It sounded like many other LTH's did too.

I think the base case is now SPAC listing in CY Q1 2026. Yes this potentially means that if there is a crash in the meantime in the US markets our valuation is likely to be lower, but that risk has always been there i.e. the timing of any US tech bubble pop is an unknown as was as likely to be this current quarter as it was Q1 2026. But the $400m valuation of our share of MKAR was done before we got the US government money for the Songwe FEED study, before the MP Materials deal / price floor, before the big rise in Neodymium prices, before rare earths became a mainstream hot topic attracting mainstream investors.

So you could argue that post all of that, at the height of the RE euphoria, our SPAC listing could have achieved double (or even more) the $400m indicative value. So would a tech crash, while rare earths remain a key issue for the US government, take us all the way back to $400m, or even take us below $400m? Who knows? But $400m is equivalent to c.85p, so even if we half that (which I think is unlikely) we are only trading 5p above that level now and we have the recycling business, which we all think is the more valuable of the two, to add. So I respectfully disagree with your view that we have a lot of hopium built into the share price.

Not sure if I'm one of the filtered (can probably judge by whether I get a response), but I wasn't aware that there was a Telegram group, it has never been mentioned on this board before. How many active contributors does it have out of interest?

120k on the bid at 49p, which looks healthy.

Strangler, I personally think Myles is the only professional investor that posts on this BB, and the only with with any kind of serious following. Most of the rest of us use it to share and discuss research and comment on SP movements, but I doubt that people are hanging on our every word. At least I hope that's not the case, as I am just a LTH with a good knowledge of the company but no specific insight, like Myles may have from his discussions with management and involvement in placings.

Strangler, overbought is based on technicals including RSI in the 80's, which we and the wider sector had a few weeks ago. We likely needed company specific news to go up from our high in the low 70's, as we had got there from 50p based on RE market sentiment and US / China trade war, not company specific news.

It's quite possible that news could have dropped at any time (we have lots of potential news) when the SP was at this level and if someone was trading this then they would risk being locked out at this point. I don't count this 78p Canadian induced spike, there was very little volume traded at this level and we were back in the 60's quick sharp afterwards. I also cautioned against the G7 spike.

The bear case is welcome, but misleading posts, which yours often border on, are going to be called out. As stated many times before, we are now a major RE player with obvious interest from US investors, and therefore a lot of our trading / moves can be explained by moves in the general RE sector, particularly if we don't have any company news in the meantime. We rose with the sector sentiment and we have fallen with the sector sentiment. Look at USAR!

We now appear to be bouncing with the sector sentiment. MM's will continue to take advantage of fear and greed along the way to make their margins. Before the G7 spike we reached a low of 49p, and we are back there now. Personally, I think this may be the start of a new uptrend for us and the sector more generally and I'm hoping for some company specific news to cause a proper re-rate.

There was a big turnaround in the US/Canada for resource and RE shares on Friday afternoon, including for Mkango, Cotec and USAR. A lot of commentators in the States suggested people were looking for an entry to rare earths on a pull back from the highly overbought position in the sector a few weeks ago. I think we are benefitting from that and the news on the US government shutdown, as well as potentially some company specific technicals/support zones.

This is getting very old, time for everyone concerned to move on. I would surprised and delighted if thousands are reading this BB by the way! Maybe one day...

Healthy recovery so far this morning.

Other than potentially Floyd's amazing photos of JT hobnobbing with the big boys, this is the best bit of research I have seen posted in the past couple of months. It garnered less discussion than it deserved at the time. It was so good that I went all the way back to 3rd October to find it. With massive thanks to teraferma who posted it at the time. A must read / re-read!

Team Defence Information (TDI) have held a recent "snack session" on the theme "UK Magnet Supply Chain Collaboration Strengthens Circular Economy".

Nick Mann was presenting on behalf of HyPromag as well as Thomas Kelly for Ionic Technologies and Aaron Riley for LCM.

https://www.teamdefence.info/event/critical-raw-materials-for-defence-online-snack-series-session-3/

The session was pretty informative with a summary available below

https://www.teamdefence.info/wp-content/uploads/2025/10/Snack-Series-Session-3-Summary.pdf

What was evident was the collaboration between the 3 companies, with each company offering different stages of the supply chain and complementary to each other.

From the HyProMag POV a few things that I picked up on:

1. First batch of NdFeB powder is being shipped to a customer in the two week.

2. Detailed design work for HyProMag USA is "a long way through" which sounds more advanced than 25%

3. Finished magnets have been tested and validated by Jaguar Land Rover, GKN, Bentley, Bowers and Wilkins

4. Department for Business and trade are currently "very active" in the rare earth field as a precursor for the upcoming critical mineral strategy and defence is a big focus for them.

5. HyProMag UK are "well through" a feasibility study for a plant expansion to 1000TPa by 2030 or sooner.

6. HyProMag are looking for feedstock not just in UK,EU and US but also further afield. Estimate 5000T of magnets are imported into the UK which should be available as EOL scrap.

I’ll drink to that soda! Excuse the bad pun.

You do you Bonker. I’m not buying this particular conspiracy theory personally. Time to move on all round.

As for Avacta, as others have pointed out, there are more than two shares in the market, it is not a binary choice between a vertically integrated rare earth player and a cancer drug research company. If people want to take profits here and invest them in Avacta then good luck to them, but other than the Myles connection, there is no correlation or link between the two investments. My impression from this board is that we don’t have lots of investors who are particularly interested in both, but we do seem to get more than our fair share of anti Myles trolls on here who previously lost money on Avacta’s big fall.

Let’s agree to disagree and move on from this entire unsavoury episode. I value your technical analysis and have made money from some of your other recommendations. Having only ever been bullish (with a little balance I hope) on this company I think people can tell where I stand (whether they trust me is up to them). We are now a mainstream rare earth stock (with obvious interest from the US) and get traded as such. Look at other rare earth stocks and you will get your main explanation for the recent share price moves here, more or less. Personally I don’t think anyone on here has enough shares or influence to move the SP long term. Everyone can believe what they want about recent price movements. Let’s move on and get back to Mkango.

Kaeren and biffa, great questions but don’t see much hope of us getting an answer to most of them other than via RNS. Certainly worth a try though if we (collectively) can! Perhaps it will give the company a nudge…

Fully agree shareminator, and that’s what I was hoping for last night. No more controversial posts from me for now, I want this BB back to its best too. It’s time to put egos and gripes aside, and I will do my part.