Member Info for Finton

I may have missed it before, but I found it incredibly positive to see actual finished sample NdFeB magnets that had been produced at the UoB pilot plant.

Everything is lining up very nicely and although they've been too quiet for my liking, they are definitely doing the footwork in the background

Quite unbelievable selling on no news.

No news = bad news?

Fear gripping investors?

A leak about bad news about to be announces?

Any thoughts on this level of selling?

Fingers crossed for positive developments! What's this Twitter action!? Do you have a link Sir?

Not much in the RNS. It seems no progress with the MDA otherwise I'm sure that would have been announced in there?

"Refine, recycle, recycle"

It's possible that the MDA is now just an unnecessary weight on the share price. Malawi are proving themselves uninvestable.

An option could be for the board to read the room and sell songewe for cheap with no MDA (or mothball it). Then at least the market won't continue to think that there will be big dilutions or fund raises to keep chasing rainbows in an inept African country.

Full steam ahead with the recycling plants IMO. Would be good if the board actually got some return on investment from our new PR company as well.

Unfortunately no, but no worries. I appreciate you trying!

Could you copy and paste the article? It's behind a paywall and I feel too poor to cough up for the fee after this dismal share performance

Looks like the ministry of mining replied to Andrew's comment on the Facebook post.

I'm seriously intrigued to know what is the state of the negotiations. Maybe it's a stalemate?

What an extraordinary post from the ministry of mining. Almost mocking...

https://m.facebook.com/story.php?story_fbid=pfbid0Rn4GRYwTYbQVhz2qmcN1yfojtKadbqqnc1HiGjLxyRRrqxwYeoQKP3czHAV4Rucgl&id=100080015388530&mibextid=Nif5oz

Africa is 11.73 millon miles² and 54 countries... quite a big stomping ground...

I'm also now more confident than ever that most of the value will be unlocked in this share when recycling plants are up, running and revenue generating. Songwe will be a cherry if it ever comes through.

IMO

Haha got it

Just out of curiosity, why is every day under 10p a good one?

AGM definitely wasn't massive. Was about 30-40 people there. Most of the gist seemed to be - "we can't do anything because we're sanctioned. The company is still making product and selling it on the market. Working at 80-100% capacity"

Other points:

- can't appoint lawyers to launch legal challenge as assets are frozen so can't pay for legal costs

- can't delist and relist anywhere due to suspension.

- we can't release financial info as it is unaudited and it's illegal to release unaudited financial info and no auditing company will touch us.

- there's no successful precedent of a sanctioned company suing the UK government and winning.

My impression is that the company continues to operate but they are paralyzed in terms of dividend and bond payments.

I'm sure there's more I missed and maybe I've misinterpreted things.

Open to other interpretations! Just my 2 Roubles!

Back into the 9s we go. What a ride

Never trust a government expert!

I wonder if the board are on holiday...

Neodymium up another 2.5% today. Continually attractive to start digging

Sub 10 back on the cards?

Actions speak louder than words. So much guff about boosting investment but we're spectacularly delayed on the MDA