Member Info for Gallmat

I doubt it will go higher until SOC or timetable.

Rider. I left you long message on MKA board. A complete investment summary of around why I like it 20 arguments.

This board is pat.l only so just letting you know

Good am Rider. I am sharing a brief investment case to help you get up to speed

Last night I had a look ionic rare earths while doing background reading. This lead me to summarise why I like recycling. Also it threw out some general insights and competative advantages of mkango and why mka is the buy!

1. Recycling will be Lowest cost producer. Non China primary supply hardly making money at current prices. Both companies make money at current prices ( more later)

2. Circular supply, no resource depletion

3. Strong barrier to entry if you secure supply feedstock. Iconic talk alot about this in crux investor videos

4. Technological barrier to entry. Obvious.

5. Upside if any China retaliation on rare earth restrictions to west

6. Upside if trump tarrif. We can see usa production at higher price because imports are more expensive

7. Potential for free money ( grants) even though you have 20 to 30pct unleveraged IRR at current prices where suppliers are suffering

8. Growing forecast market. They believe robotics in 10yrs will be more important that EV ( see Adams intelligence..expert on RRE)

9. Organic growth baked in. If we make supply contracts we grow when they grow. Datacenters set to grow over 200pct. Our initial agreements path the expansion.

10. Expansion is low risk. This is an industrial process and modular. Just add when you need it, unlike mining that needs exploration and unique flow sheet for every project.

11. Ramp up flexibility. If feedstock supply in one region slows, just move the plant to another country!

12. Fast ramp up. Once operation is established you are just adding equipment. Less than 1.5yrs ( cotec estimate to build plant but that is from scratch. Mine, 10yrs +

10. Potential Tax credits on construction as strategic projects. 30pct of cost

11. I have seen rebates of 5pct of labour cost froma state gov in usa for a critical mineral linked company ( worry forgot name).

13. Strong ESG qualities for OEM

14. Potential carbon credits ( cotec making study on Carbon)

15.Suppliers hate volatile prices. Recyclers have the ability to reset the pricing strategically. If we cap the price we pay for scap and output. We can still make money, this allows our customers who are industrial customers to have price certainty.

I know you might look at iconic as Lower market cap but some specific observations

1. Our AISC in usa estimated a 20usd a kg. The operating cost of ionic is mid 20usd EXCLUDING feedstock. So mkango seems to have some cost advantage

2. They want to build uk plant in future.We have uk and Germany coming online this year

3. They talk about expansion beyond uk, we already have study complete for usa. They fund our 40pct construction costs ( repaid from our profits)

4. Active discussion for Japan. Others in background. Company said maybe 3 more countries by 2028

5. THE big one. They are low on cash. We are trying to sell a permitted mine via SPAC in usa, and anticipate value has to be over 10

Might be a bit left field, Mali has Islamic militants running around. The government actually needs cash to fight them

In Africa each situation is very different. Mkango said they have applied for help from CMA, which is backed by governments.

Given we are going to SPAC if there is USA government money backing it, probably not a project to f*^&& with.

Thanks guys for sharing. There is only so much one person can cover so it is great to find constructive board members. I just followed her.

My longer term view is there is a nice asset class of investments that do not depend on market variables and make really good longer term bets.

I can hold these with hardly any monitoring as a result but you have gap risk.

On reflection I decided I need to see a short term trading strategy to loom at hot RNS. Early days but I think I have to adapt to flourish

A bad one, looking for something better

I want something that uses AI/ filter to scan all RNS in the morning for key words.

Also considering it is worth while to monitor the key influences watch lists and target those for the first hour.

Doing lots of fundamental analysis has given me gains bit I feel there is a much better way to go about

I had to do a double take, given the name and the picture :)

Is it a good person to follow?

I do not think this asx listed long loop company is a buy vs mkango. We have the mine and have discussions in 4 countries.

They do however have nice discussions on the recycling business works.the "crux investor" videos discuss about what feedstock suppliers want, how to make term relationships.

Again not a buy recommendation but interesting to see how they talk about government agency interaction and building relationships

Final comment before I vanish for quire a long time. I also noticed groups on X monitoring groups of stocks for catalysts. It does seem to me any improvement in one of them sucks cash out of others.

For what it is worth I think your analysis is solid and so are your picks. Just ignore alot of the negativity.

Investment style does not matter in the long run, value will out

Check out Blue star.

280pct in a day, this is what aim is chasing.

My plan is to get better trading software to scan for breakthrough RNS and monitor the volume

Honestly my reflection is it is a bit sad. Not rewarding companies for progress is awful, companies are constrained to execute and really capitalise on good ideas.

I really wish there were more incentives for smaller companies in the UK. Bad for the economy, consumers and investors.

I have come to the same conclusion and because of this adapted this year.

AIM seems to be about hot money flowing in and then vanishing, pretty much irrespective of long term prospects.

Personally I hate this fact of AIM, preferring sensible long term accumulation of compounders. As I cannot swim against the tide I am kind of joining them and waiting for the hotter RNS.

All theory tells you what makes a multibagger. Growing market, unique concept with MOAT, margins. The company is hitting 3 of the 4, on another market that would be enough but AIM is AIM.

My comments were not knocking the stock, the RNS is just not in my view hot enough. If I put my money here is might not move until the next update

Really, better to state what it is than have people open a bag and have instant disappointment.

The competitor to discount dragons did this with groceries and the reviews were not great.

One wierd thing today is the boop mystery rescue bag.

This is supposed to be a premium retailer, do we people want to spend money with no idea what they are getting. I hope they stay on point and do not throw every marketing idea at the business.

If you want functionality let people choose the free gift from a choice of 1 or 2 items.

Thanks for the tips personally I have what I need now. Hopefully some panthera news soon

The announcement today did not make me want to jump in, but that is a personal style issue.

I prefer to see profits and even pay a higher price for the privilege ( which most likely will be the case).

I have not really owned retail stocks and I am based outside of the UK so it is hard to follow. For example I was amazed how you need to use loyalty cards to get big discounts on weekly shops. This was new to me and I realised I cannot follow this as well as people in the UK.

Honestly, I really wish you all big gains.

Hope there is time to join the party later

Reposting their video. Watch after RNS as it puts everything in context

https://t.co/vqsRkoAuO3

Check out the video.

AI identifies each model. New ones are manually disassembled. Older models as identified by AI, have the liquid display cut out. They also already have x Ray tech on site paid for, which i assume would confirm the magnet location.

Even better by using machine learning (AI) once the process knows the model, they already know where the magnets are and other specifics so they can process faster the more it learns.

This Is what I mean about building a moat. Mkango helps give them more revenuen and a better ESG/ critical minerals tag line.

Our relationship is mutually beneficial and helps them take market share in their industry.

This type of integration leads to sticky relationships ( barriers to entry) and organic growth.

They are first in Europe to do this. Not sure about USA but even getting a foothold in Europe is great

The company already has 8pct of the uk market.

They are breaking the Tvs into component materials vs energy intensive shredding.

Working with mkango just gives them more revenue, more ESG credentials to push their unique recycling method forward and probably capture market share.

It looks like brilliant tech. The AI learns, so can over time spot different models. Given it has processed it before it can work faster ( it knows the dimensions etc)

https://youtu.be/0X2HVc67_Ko?si=Tag2HTV2HKd8_DJT

Big bite

Nice summaries by the way. Great prospects here based on execution.

I sold based upon Web traffic and reductions in lines held. I realise this was not great info in retrospect ( live and learn).