Member Info for flundra

Https://youtu.be/BxKEHztFOEo?si=o_tBWjna4HaQ2mY2

"According to the World Bank, if Malawi capitalises on the growing demand for green minerals such as graphite and titanium, its mining sector could generate up to $30bn in exports between 2026 and 2040, which could help uplift its population out of poverty. But will the Malawian government do so? Only time will tell."

Yes similar approach for me. Keep adding at these prices imo. GL.

I wouldn't want to hazard a guess at this point Spuddy. Bit low ball maybe because it's pre DFS and MDA and some years from production etc, but I don't know.

MKA's REE Songwe project in S Malawi, shovel ready with DFS MDA and permits basically, is currently being listed via a spac on nasdaq. That should give a proper indication of value for a Malawian mining project, from which we might infer likely t/o bid value for Kasiya.

RIO will also be considering the Malawian legal and regulatory framework, Mamico's unfolding new role and the recent experiences of MKA, Lotus and Globe in their projects. And more generally how friendly Malawi is being towards foreign investment. They'll be keeping a very close eye on how this all plays out. Mamico have just decided to review all mineral export agreements for example (not necessarily an issue, could even be useful, but miners need to know the outcome).

I suspect RIO would already have taken over SVML had Kasiya been in a stabler jurisdiction. As it is, they may wait until after the MDA. They already have the rights to operatorship and to market 40% of material produced, post DFS. Perhaps they've already wargamed a counterbid to any other t/o attempt.

https://www.mining.com/web/malawi-temporarily-bans-all-mineral-exports-to-revamp-rules/

Any thoughts on why the SP is holding up so (relatively) well?

Just general Uranium market pricing and dynamics?

Unpopularity of government anti nuclear policy and hope for change? People weren't very happy in Almaraz understandably.

https://x.com/NuclearHazelnut/status/1880644239798784300

The RNS about early stage mineral (eg rubidium) exploration wasn't that important was it? Or is it more than just a side hustle?

The next election's still a long way away.

This suggests Songwe in production this year!

And Mamico getting its act together, also important imo.

https://www.inonafrica.com/2025/02/11/the-growing-importance-of-rare-earth-minerals-in-african-mining/

https://malawi24.com/2025/02/12/chakwera-appoints-kalindekafe-to-helm-malawi-mining-investment-company/

Https://www.lse.co.uk/news/ORM/

He's certainly confident. Said he's right and basically waiting for everyone else in the world to realise this! Understand the portfolio, buy shares, rely on the team. Don't try to time the market because the insiders will beat you. The Gods will bring the reward to you. Words to that effect.

Https://www.cajnewsafrica.com/2025/02/06/malawis-undergoes-a-mining-renaissance/

Malawi's well and truly on the radar now!

Https://www.cajnewsafrica.com/2025/02/06/malawis-undergoes-a-mining-renaissance/

It was fairly priced.

Https://energycapitalpower.com/lotus-resources-south-african-banks-sign-38-5m-deal-to-finance-malawian-uranium-project/

So Lotus have fully funded Kayelekera. Equity and now debt. Only 6 months after MDA. So good appetite from the market to fund it.

MKA's spac route to unlocking Songwe's value looks considerably better, so it's looking good imo.

Yes, I also think we could be net beneficiaries of bad policy.

On the discreet tariffs issue, the IP in the HPMS process is licensed to Hypromag. How might tariffs apply to this IP, if at all, with reference to our US operation. I don't know, just flagging it up, putting it out there. Tariffs might not be proposed for it all, or might not be possible retrospectively.

Gallmat I'm thinking eg about IP in the Hypromag tech, and import of German made HPMS vessels. Hopefully not adversely affected by tariffs.

UK's out of line but can be worked out according to Trumpy, hopefully no adverse impact on Hypromag US.

Keep eye on India too re recycling.

https://www.business-standard.com/amp/industry/news/critical-mineral-mission-shows-india-s-effort-for-energy-security-deloitte-125013100632_1.html

Https://www.nyasatimes.com/if-successfully-developed-malawis-mining-exports-set-to-skyrocket-to-30-40bn-by-2040-world-bank-predicts/

https://www.miningreview.com/magazine-article/sovereign-metals-kasiya-shapes-up-as-a-mining-mega-project/

Https://www.nyasatimes.com/if-successfully-developed-malawis-mining-exports-set-to-skyrocket-to-30-40bn-by-2040-world-bank-predicts/

India Union budget tomorrow.

https://www.daijiworld.com/news/newsDisplay?newsID=1267483

I believe it's only Songwe (Lancaster Exploration Ltd) going into the spac. That presumably leaves the other Malawi licences in MKA (or other subsidiaries).

Will those now be sold or progressed?

Lotus just signed a uranium off take with Pseg (N American energy firm), which Nyasa Times thinks indicates wider renewed investor confidence in mining in Malawi incidentally.

Worth MKA selling or progressing Thambani for example?

https://www.nyasatimes.com/lotus-secures-major-uranium-deal-with-north-american-energy-firm-reviving-malawis-mining-sector/

"Progress in discussions with future potential end-users of rutile and graphite"

Lotus just signed an offtake with PSEG Nuclear (N American energy firm). The Nyasa Times comments "this signals renewed confidence in Malawi's mining potential"

https://www.nyasatimes.com/lotus-secures-major-uranium-deal-with-north-american-energy-firm-reviving-malawis-mining-sector/