Member Info for flundra

LSE's eating my posts today, but I'll try again...

It was a nice interview this morning with Will on Today.

Best bits for me: his expectation that recycled material would go from

I give up..but buy!!

It chopped me off but main points

...recycled material

Great interview with Will this morning.

I particularly liked his expectation that recycled material would go from

I also hold Cotec on HL (Sipp). Bought late '24 shortly after it was first possible there. A nice person on this very chatboard alerted me to this.

AI on "who will win the next Spanish election":

The next Spanish general election is scheduled to take place by July 2027. While it is too early to determine a winner with certainty, current 2026 polling and political trends indicate a strong lead for the right-wing opposition.

Current Polling Trends (January 2026)

As of early 2026, the conservative People’s Party (PP), led by Alberto Núñez Feijóo, consistently leads in national polls.

People's Party (PP): Polls show them leading with approximately 29%–34% of the vote.

Spanish Socialist Workers' Party (PSOE): The incumbent party, led by Prime Minister Pedro Sánchez, currently polls between 26% and 28%.

Vox: The far-right party is polling around 17%–18% and has shown steady growth.

Sumar: The junior partner in the current coalition has seen its support decline to approximately 6%–7%.

Potential Outcomes

The most likely scenario based on current data is a shift in power to a right-wing coalition, though a parliamentary majority remains contested:

Right-Wing Victory: A combined coalition of the PP and Vox is widely expected to be the most viable path to a government if they secure a combined majority of 176 seats.

Incumbent Challenges: The current PSOE-led government is facing headwinds from corruption scandals, sexual harassment allegations within the party, and recent significant losses in regional elections, such as in Extremadura in December 2025.

Sánchez’s Re-election Bid: Despite trailing in polls, Prime Minister Pedro Sánchez confirmed in January 2026 that he intends to run for re-election in 2027.

The SP still seems to be holding up very nicely.

The market seems to have comfortably absorbed the Paradice selling, indeed the SP's improved over the period.

From memory Paradice basically comprises the HNWs who bought the Omani wealth fund shares when they exited a few years ago.

Perhaps the current main SP drivers are hopes the arbitration will progress to a successful conclusion in reasonable time, and a more nuclear friendly government likely by 2027 who'll permit the mine.

The beeb should have covered the official opening last week, big event, important industry sector, Minister present, long running story etc

Thanks for sharing your experience velcro, v helpful to have the view from the coalface.

I also see Pulawy as a shoo in for a EU backed Polish state grant. Essential project, in Poland, local employment ++. Has to happen surely.

The Portuguese PM was present at the signing ceremony for SAV's grant. An equivalent event for a Pulawy grant would be great PR for MKA, along with grant money.

Yes, and I don't think the market gets it at all yet. It really is like being able to put an environmentally socially and economically perfect RE mine to end product operation anywhere in the world. Without the need for a mine!

Great news again. Should have been covered by BBC Brum though, particularly with the Minister being there.

Certainly the German finance minister was bigging up RE recycling at the G7. Koreans too. I wondered if that dot joined to the Pforzheim dot. News can't be far away as target was end '25.

G7, other allies discuss ways to reduce dependence on Chinese rare earths https://share.google/2m1gnQr3wsAMqmqTn

Investing vs trading

I suspect you're right. The JT quote's been mangled which doesn't help, but it's perhaps/ probably referring to the ongoing process of commissioning. Agree too velcro on timings. Direction of travel all good.

Great RNS today. Another to confirm commissioning of the key equipment in Germany would be welcome. We seem to have gone straight from this being a target by end '25 as per the Q3 results rns, to a rather casual throwaway confirmation (I think) today in the JT and WD quotes, that it's already happened. It's quite important news imho, and there's probably more to say, eg about first production and expansion targets.

Mrs R, yes it's likely imo those licences were transferred, surrendered, lapsed or not renewed.

I also noticed last week btw Fortuna Metals announced a significant rutile discovery in Mchinji. I don't know if it's MKA's old licence area though.

MKA should make it clear what they've done with their licences imo, rather than just leaving us wondering. Particularly having previously reported eg progressing Mchinji to sampling and lab testing. They did once say Mchinji was not priority any more, but have never I believe formally announced withdrawal from the project.

JK/Esduk good posts. But JK I don't think MKA selling down its MKAR shareholding to 51% (or perhaps at all) to fund Hyp would be necessary or desirable or proposed. I've previously advocated selling a few % to raise say £10m, partly for this and partly for a war chest. But the shape of further Hyp funding should be decided later and will depend on factors like UK and Germany progress and sales, loans grants and strategic investors entering. Cotec have HypUS covered.

Blimey SAV just got a €110m non-reimbursible grant from Portugal for its Barroso CRMA Strategic Project!

Poland Pulawy anyone?!

Cotec are basically funding HypUS at this stage via shareholder loans, which will be repaid. Maginito's 50% shareholding in HypUS basically ranks pari passu with Cotec's. All ordinary shares.