Member Info for flundra

Well I've sold out ahead of the meetings this week. Cue the massive counteroffer lol..!

Seems to me that with no counteroffer so far (suggesting the deal and the bod's reasoning stands up), and some chance of a no vote, it's best to sell now. Maybe buy back in if the SP tanks on a no vote. I averaged a bit over 108pps selling, so an extra 2 or 3p or so at 111pps in a few months time on combination on a yes vote is neither here nor there. Seems to me the market's pretty confident of a yes vote.

Potential last thought from me on this share is to express overwhelming disappointment at being invested here for over 7 years for a pitiful return, in what should have been an exciting lucrative investment with great investee companies in the important emerging fintech sector.

I'd like to see early detail and clarification re the potential German acquisition. Thanks for the v interesting posts here on possible targets.

Like others, imo the raise was handled very poorly. The bod could redeem themselves though with a compelling acquisition enhancing the business case. Grand expansion plans have to make sense though, mustn't overextend, try to run before we can walk. More progress to full commissioning, supply/offtakes, detail of sales/profit/forecast figs needed too. The funding being clearer helps.

GLA

BBC News - Faced with new energy shock, Europe asks if reviving nuclear is the answer

https://www.bbc.co.uk/news/articles/c4g8k8vq8gno

Interesting beeb piece today. Much of the EU/RoW must covet the BKY project, even if the current Spanish government doesn't appreciate it. Maybe Spain can be strong armed into permitting it by the EU. Securing energy supply and pricing's a political imperative atm obviously. A change of government in Spain next election, or likely success in the arbitration acts as a decent plan B.

I see SpaceX is aiming to go public in June, so our spac's in good company.

Maybe a bit forward of forward selling of placing shares will keep a lid on the SP over the next week or so. Otherwise it should go from strength to strength.

They'd presumably be shouting the $100m from the rooftops. Just a routine tweet perhaps. Gawd I'm jumpy this week...

Is this the $100m Songwe construction/development loan?!

Https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/24/22

We'll see what the tribunal orders, but this looks like Spain adopting delaying tactics by raising jurisdiction issues. Predictable.

The larger part of the £950k to buy the equipment/infrastructure from UoB, and the rest for the 1000tpa expansion feasibility study maybe?

It's a safe assumption we can actually buy the UoB owned assets. Under an option or contract probably.

The price might be a surprise but then again I'd expect some capex to get to nameplate.

There's other unknowns too. I've always wondered eg what the licence fee arrangements with UoB are. We've never been told. Flat annual fee? How much? Stepped increase by reference to output? Option to buy?

i've applied for £2k more, but only just saw this and just luck i did at all. **** poor from mka, i feel royally buggered, not my idea of a good tuesday night out.

they could have waited surely to cash in a wedge of mkar. maybe this german acquisition's lined up already hence the urgency.

Very much the calm before the storm imo.

The news due is like a huge volume of water building behind the dam. Can't be long before it bursts, should be spectacular when it does.

Hyp UK, Germany, US and international progress. Spac completion, funding. Big smiles coming I'm sure.

Re Pulawy: Timeline: construction April 2027, commissioning October 2028, ramp up 2Q29-1Q30

If they achieve anything remotely like this timeline, it'll be v impressive. Highlights the benefit of CRMA strategic project status, eg concertina-ing the planning permission process. In UK or without CRMA it would be 2030s if we're lucky.

Good posts SG. The MDA also has a requirement to use Malawian goods and services where possible, which might suggest DFC over EXIM for Songwe funding.

Gross oversimplification, but I think the ML is the required rubber stamp document (being granted under the new Malawian mining regime). The MDA's the tricky negotiated document with all the fiscal terms et al, which we have.

Looks like it took just over 5 weeks to commission the Inserma units in S Carolina (RNS re their arrival was 5 Feb). So we know Germany had them before 9 March, so mid April latest for commissioning perhaps, assuming similar commissioning process and no material issues.

Is Will saying Hyp Germany are commissioning INSERMA ANOIA SL units next? He says "to follow", presumably following the 2 Williston units and Tyseley.

Given that Nevada's imminent (this month), is Germany even more imminent?

I might have misunderstood or overinterpreted.

I've got to p7 now, Rishi on keeping the strait of Hormuz open. "South Korean electronics manufacturers are worried they will soon run out of helium - a key ingredient in chip manufacturing"

I followed Ian Cowie into this share a few years back. Quite hopeful it'll do something now.

Yes I've just read that too (on paper). Disruption to helium supply because of the Middle East war. A third a global supply comes (or came) from Qatar. Uses: MRI scanners, semiconductors, rocket launches, science labs, leak detection. Important indispensable gas for industry.

Very nice to see this high profile commissioning event. On track and in line with expectations following the 5/2/26 RNS. A similar Nevada event in the very near future too hopefully?

A very nice fit with this week's ILS/Tyseley news too, it's gaining traction nicely.

Re arbitration timing:

"Spain has until July 2026 to respond to the Memorial of Claim (or until October 2026 to submit a Memorial on Jurisdiction, if the ICSID tribunal orders that issues of jurisdiction be heard and determined before issues of liability and damages)."

Re arbitration cost:

"Arbitration related expenses of $2,494,000 [in the half year to 31 December 2025] relating to the ongoing arbitration proceedings against Spain;"

😨

Great RNS imo.

Partnerships evolving v nicely. It's side hustles like sale of PCBAs for precious metals recovery that really demonstrate how the whole is so much greater than the sum of the parts.