Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agree incredibly unprofessional, Israel isn't an excuse they are listed in the UK - lots of companies on LSE/AIM are based all over the world
Probably an RNS tomorrow announcing the new drivers, where to watch and a sponsor
Rumor also counter strike 2 releases tomorrow, which could bring in a major betting sponsor (much more exciting)
See official counter strike twitter
So could be a huge day tomorrow for guild (it never is, but one can hope!)
Truly stunning read this
https://ig.ft.com/rare-earths/
I have sent to management, if we can position our presentation to something like the link above, I can't see anyone not being highly interested in investing
We are right on the money! 2024 should be glorious
Finton I think you are spot on
10% seems to be the going rate now, which is a lot more than I expected earlier in the year (5%)
I also feel the govt is torn, half want it over the line and generating revenue, and the other are playing hard ball due to signing terrible deals in the past and an issue with corruption, IMHO they need to get over the past and realise that just because you signed poor deals, you cannot make up for this now, ever deal is still a negotiation and a partnership, you cannot take 'extra' from new projects and businesses because you got burnt by old projects and parties. We will find a middle ground, but I am happy we haven't offloaded the asset for buttons as I suspect many other BoD's would have buckled by now. So credit to the team if this is the case and we are standing firm.
Agree on both webinar and director buys
WD picked up £100K at 13p so he is OK but the rest need to add some volume
If you can't get directors to buy when the valuation, according to myself and everyone at the company (including those at Cotec) is absurdly cheap, then they will never buy. We also release results every 3 months due to TSX rules so the window should be open at the end of this month for director dealings
Webinar needed for what to expect in Q4
Its sat there for over a year now, post DFS
Really is borderline criminal to have such a valuable and strategic asset, just sat there
As much as I would be tempted to just sell the asset and move on, thankfully we are now far from a one trick pony
So I am happy to stay the course (with Songwe) and let it play out, whether that takes another year or even more - the asset is strategically important to the UK, US and EU, you would think regardless of how long Malawi takes, the asset should carry a value north of our current cap 'at some point' in the future
It now appears the costs of controlling the asset are quite low, so I think we are good to keep it on the books for at least another 12 months
Yep so we currently have two planes in the UK
A small scale ‘pilot’ plant which works 100% as expected
A currently being built larger plant that will produce a minimum of 100t/pa est. for Q423
I thought the pilot plant was the larger plant, but not the case, that is being built now and should hopefully be commissioned
Everything works so I don’t see much risk here with the tech, that must be hugely valuable, JT said any investor who wants to equity fund the US JV can go to the UK and see for themselves
And yes, he was super excited :-)
Another good call
One caveat I will get out of the way early, as to come across balanced, is that the lead times on the equipment needed to build and scale the plants, could cause a delay (Julian hinted this was an issue, albeit the only issue) so Q4 2023 IMHO is now a slight risk without clarification
With that out of the way, it's clear this technology is truly advanced, with over £100m USD already spent on it, the investor interest across the pond is enormous, with governments, OEMS and even magnet manufacturing companies very interested and eager to get a slice of the pie
I think by Y/E we might actually see some equity investment, from third parties (hinted) grants from the US govt et. al, looks like progress will now accelerate that the JV has been formed, the 'crucial' component of having a commissioned plant in the UK doesn't appear to be as critical now, as JT said that he personally visited the plant and any US investor can visit the plant, and see it working in all its glory, so the tech is now completely proven, which is fantastic news.
So we really are now at the the funding and scale up stage, what equity we will be left with once the JV is fully funded, we will see, but to start with an overall indirect 40% interest via Maginito is very valuable, especially should the US JV reach highs of $100m+ that would be almost 2 bags on our current cap just from the JV holdings (excluding our UK and GER plants, and any other ventures in the future such as Canada or Japan)
JT also said that there is competition but we are leading the recycling space, with the attractiveness being that our refining / production is extremely green
So ultimately, at £24m cap, we may be cheaper than ever, but the market will be the judge of that over the coming years.
Wish I had more funds to add
Id target Nov/Dec for the re-rate, you've possibly got a few more weeks (maybe 6-8 weeks) before 10-11p is gone for good
Market hasn't made the connection yet but its immiment
NdPr now up 15% on the month
Songwe is 2/3rd NDPR
UK pilot plant to be commissioned in 2023, producing an initial 100tpa of NdFeB (so that just increased in price)
GER plant next year + three potential US plants to come from Cotec, all predominantly NdPr (100% refined in china at the moment)
If you are an investor in any critical mineral project, but especially recycling, then you must read this
https://www.lexology.com/library/detail.aspx?g=d992a82a-dbe5-46e5-9a6b-e535ad670b46
A key vote for the EU CRMA is next week (Sep 14th) IF this is passed and it looks very likely, then the NdPr recycling market will not only increase ten fold overnight, but security of supply (e-waste goods) will be plentiful
Next steps
'Assuming the CRMA is passed in the Parliament’s plenary session on 14 September 2023, trilogue negotiations will start between the Council and Commission in the hope that a provisional agreement on the file can be reached by the end of the year. The agreement would then be subject to votes on its adoption before becoming law. Based on the assumption that the file would be accepted by lawmakers, we expect it to be published in the Official Journal of the EU by March 2024, where it would enter into force 20 days later. It would be binding in its entirety and directly applicable in all EU Member States.'
I truly think it will be very soon
People like the one I filtered dont adjust with the times, GILD IPO'd at a significant valuation, we are not asking for a return to those levels, at least not short term, what we are saying is the market cap is just under £4m and I am very confident a large, potentially seven figure PA contract, is en route going by many e-sports teams that have CSGO male competive teams. It is a huge betting market and its one of the most popular competitive platforms, and GILD have already announced they have a fully funded team.
It's major news, not to mention there could be more partnerships en route that are not linked to CSGO but to me that appears to be a real shoe in.
Also, filtered.
What a depressed and sad individual, coming on this board calling people idiots and yet cant understand a simple post about investors positioning, or why sponsors are spending millions partnering with e-sports organisations.
If you don't understand the business then spend your time elsewhere, instead of clogging up the board with uneducated posts that add no value.
Really nice work from #TRAC
More details on Fbook
https://twitter.com/t42iot/status/1699390974063968478
Trac has been chosen as one of three finalists for the israel overseas innovation competition in Shenzhen
The award for the winner is 750K RMB (£81K) and a research grant of 1m RMB (£109K)
However, a venture captial pool (extenal) has been created to support the best projects, this has a total prize pool of 25 billion Yuan (not sure how accurate that statement is!!!) as I believe that equates to around £2.4bn!
Looks like investors are now happy to take this north with the imminent release of counter strike 2
The top game on Steam (for 10 years almost) gets its second release rumoured to be this month
Gild have already announced a fully funded competitive roster
Major sponsors in the area include European betting companies who regular sponsor teams across the globe, many of which could be far inferior to the reach and appeal of UK GILD - other sponsors include AMD, Intel, Absolut, Audi.
Dutch fund took 5% at 0.6p
There's a lot happening in March 24, the Bitstamp revenue also ends, however its also a long way away and lots of time for new sponsors to come on board
If you read the results you can see how much they need to pay in total lease liabilities over the next 5 years
If he takes 5% he can requisition the board, will probably spook them that he has gone to 4%
Have to say that is a major coup for Bushveld, this guy is a very well respected and serious player, not sure how you go from Love Hemp to Bushveld (maybe he's been smoking the... ignore me) but have to say that bodes very well for BMN, long term holders should be pleased he see's open market value down here.
https://www.cityam.com/love-hemp-dragged-out-of-weeds/
The market is frusatring, the MDA is frustrating, but the company has not stood still
This year alone, we have
- solidified our partnership with Cotec
- took 100% of HyProMag
- fully funded a German pilot plant (100t/pa ndpr)
There is still time for the MDA to land, the asset is becoming more valuable with NdPr rising back up 10% vs last month
The plant will be commissioned soon
We will expand to the US shortly after, and within 6 months we may be making $5-600K per month in revenue
Now is the time to relax, at this valuation, the RvR is better than it has ever been in the history of the company
Superb find
Crunch time in the coming months, lets hope all goes as planned as you never know in business
Hopefully, in the coming months, we will commission the Birmingham plant for production with offtake (likely an OEM)
100t/pa worth ~£6.7m at todays pricing
Shaeffer just signed offtakes for 500t/pa so demand is there
Once that is up and running, we can then use that as an example for US expansion and operations, as per Cotecs update. I suspect Cotec will be more than happy to fully fund the US operations once we have proven commercial's in the UK, they are smart guys so can understand why they would wait, you have a free shot in the UK to completely derisk so why commit money before that result.
As for the MDA... well who knows when it will land, I think we are all past predicting it - one that that will help is the recent rise in NDPR pricing, even if pricing stayed around this level that's very healthy and almost 60% higher than historic pricing, long term funds and investors will be more than happy with that.
meanwhile, recycling of critical minerals is gaining pace, 2024 certainly looks to be the year where it really gains adoption, at some point there will be a supply crunch, that unfortunately is inevitable.