Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
On a macro level the market has shifted totally away from risk. MKA carries risk, especially with being a non revenue generating (for now) resource company. People can get a guaranteed 4.5% on an easy access saver account with No risk. Wars or not, any company that's pitching itself on "jam tomorrow" is struggling. Not to mention the UK stockmarket taking an absolute battering. This is a market wide issue, not just mka.
Not sure "Africa" - that 11.73 million Square mile area with 54 countries would align in unison with "the east".
The United States Inflation Reduction Act is a big potential boom here. If hypromag goes for a US IPO after generating revenues in Europe then all bets are off.
I had certainly expected the MDA to be in place by now, but here we are.
Additionally The wind market is going through a melt down - a huge driver for Neodymium and other rare earth prices. Costs of building wind farms on contracts agreed at pre-covid levels are having to be abandoned HOWEVER, governments made a rod for their own backs with this green agenda madness So they are stepping in to make wind projects viable again. Once projects get up and running again and electric car demand ramps up higher, and old wind turbines start to be decommissioned for recycling then all of MKAs number will look fantastic. In the meantime, the market is risk off.
Personally, MKA is my biggest holding because the reward can be huge. But, it is certainly not without risk.
Just my two cents. Good luck all
Someone asked about the quality of the recycled magnets the other day -
https://www.linkedin.com/posts/william-dawes-50881352_susmagpro-sustainable-recovery-reprocessing-activity-7125377719697072128-mYsI?utm_source=share&utm_medium=member_android
Quite vague but positive none the less
Dawes plugging away
https://www.linkedin.com/posts/william-dawes-50881352_birmingham-rare-earth-magnet-recycling-technology-activity-7123200446885687296-r_QM?utm_source=share&utm_medium=member_android