Member Info for GLR1990

Frustrating one this

the key to a successful BTC strategy is having access to capital, access to large institutions who are happy to back you all the way

An initial £250K raise and £250K from the directors is really nice, especially coming from directors, but the whole thing falls down like a house of cards if you cant get that second, third and fourth investment.

If they dont get more investments on board, regardless of news, then its back to placing price for CLAI.

If they can get more investment, then this will skyrocket like COIN and SWC.

Q is do you think they can get more investment, and not just a little bit I mean £1m, then £5m, then £10m+

Ha China is going to supply RE's to America according to Trump

Lets see how long they take to 'arrrive'

Hi Peter

You make a valid point on the DFS in regards to its economics, as it was carried out during peak RE prices back in 2022.

However, one needs to look at Pulawy vs Songwe.

It was said that Pulawy would increase Songwe' s economics by 33% back in 2022, we ran some figures recently and the economics weren't great with Nd at such a low price, but when you combined it with Pulawy it was 'economical' which in regards to national security, is all you really need. Add in tariffs on Chinese exports and the project becomes even more economical, but I understand the concern.

However, you also need to focus on Pulawy just as much as Songwe. Lynas received over $250m USD to build a processing plant in the US, now we are talking about Lynas who have experience, but still the money was there to build from scratch, all they had was a location similar to that proposed by MKA.

Therefore, Pulawy could and should command a huge valuation just in itself, and it doesn't just have to process concentrate from Songwe. When you combine this with Songwe (clearly why its being bundled in as part of the SPAC) and considering the EU have recently completed their own DD and listed BOTH of these projects as strategic to national security, you can see why the SPAC should command a significant valuation way north of MKA current cap.

When you consider USAR listed at $800m (and now trades at $1.3bn) - similar process to HyProMag US so not directly comparable to Songwe, but simply was more a whitepaper with funding (lead by Cohen and Co, the same lead advisors working on MKA SPAC) the Songwe DFS becomes less of a concern

However, ultimately it may be better seeking a response from the company, but personally I dont think it will impact the SPAC valuation too much when you consider the economic benefits of Pulawy. (and the basket price will still be economical which is all that matters)

Hence why the SP here is going to double in the next 6 weeks (pending no delays) in my humble opinion.

Just for reference as I know its super important, at the bottom of the press release:

Advisors

Cohen & Company Capital Markets is serving as exclusive financial advisor and lead capital markets advisor to Namib, while Jett Capital Advisors LLC is serving as financial advisor to HCVI. Greenberg Traurig, LLP is serving as U.S. legal counsel to Namib, and Sidley Austin LLP is serving as legal counsel to HCVI. BDO South Africa Inc. is serving as auditor to Namib, and Gateway Group is serving as investor relations advisor for the transaction.

Hi Silver, hope you are well

Cohen and Co listed Namib (combined entity) this month (albeit at a valuation of $300m)

This is the BCA from June 2024:

https://www.globenewswire.com/news-release/2024/06/18/2900304/0/en/Namib-Minerals-an-Established-African-Gold-Producer-to-Become-Publicly-Traded-Through-Business-Combination-With-Hennessy-Capital-Investment-Corp-VI.html

Expect something very similar this month (or early next month) regarding our SPAC.

We are at one of those milestones in every companies journey where market sentiment, technical analysis and what has happened in the past means very little, in the coming weeks we may see a BCA which will transform the direction of 50% of the company.

Will it contain a valuation of $200m? Perhaps $300m?

Cohen and Co leading the case, who listed $USAR in January for a valuation of $800m (US Rare Earths) now trading significantly above that valuation.

These guys are the best in the business so we couldn't be in better hands, and the market is ripe!

On the HyProMag side of things, UK production is still estimated to begin this month, that means LIVE products coming off the shelf for purchasing - what more of an example does the world need? Perhaps after this we can expect some offtakes and significant interest in funding. We are no longer a POC, we are the real deal.

Arguably the biggest month in the history of the company to date.

Absolutely huge agree, I kind of hope it is HyProMag founders, the next payment has a 6 month lock in so no worries there. I suspect we would pay in shares vs cash given the option.

As you say we've got a seller and we are still heading north.

Be interesting to see if she motors more as we get closer to BCA and separately, UK production.

Stupendous finish, even with all the block 1m sells

Should double next week if they get out a CEO RNS and buy some bitcoin, CLAI is £5m cap which is treble and then some out current cap and we could have more BTC on the books if we use the existing cash reserves. Cant see a BTC treasury trading this low for long.

Block 1m seller kept it back today, otherwise would have finished 0.8p+

bodes well for next week.

GLA hopefully some news on who the CEO is and next steps.

In theory, if they 'mothballed' the tech / software business in its current form, or simply reduced costs by 90%, then at this stage you are buying into a BTC treasury at face value

Current cap £900K, cash holdings could be a large portion of that cap

So I do see the appeal, and I can see this one doing very well AS LONG as the market remains bullish on BTC and UK treasury related plays. (which seems to be the case at the moment)

Interesting one this, has been missed by many as the RNS wasn't listed on the official release until post 8am when most haven't read it

AMOI if I am correct, had £900K cash outstanding at the end of 2024

The cash burn was around £500K per annum, so lets assume that figure is down to £5-600K give or take.

At current cap (~£900K market cap) that makes AMOI one of the most attractive listings on the market to become the next BTC treasury, much more attractive than any of the current plays out there due to market cap vs potential BTC value.

SWC is £150-200m with a fraction of that in BTC holdings / cash, COIN are the same and CLAI (which I like) is very similar, because the SP's have rocketed the value in buying those plays is questionable vs a company right here where you already have potentially £500K+ cash to deploy into bitcoin, and you are starting at a microcap valuation (less than £1m)

Will be interesting to see how the company proceed from todays RNS, if they appoint perhaps a well known player in the field of Crypto / Bitcoin and really go for it, but I like the idea of announcing this now whilst they have £500K+ cash on the books vs raising and catching the market off guard. This will generate serious II interest as the cap vs exsting cash and now the board are interested and on board will be super attractive to players in the market, especially those who have already made millions via SWC et al.

Very interesting RNS and one I have put on the radar as a potential multibagger.

That's it IMHO, seller out

That recent 200K block was at 9.18, the big 'odd random number trade' was at 9.20.

We move on!

Maybe not, can buy cheaper than the placees! 5.9p on the ask

Will monitor, hopefully hasn't turned into a cash grab.

Cant argue with that, can buy just a smidge over placing price

Should rocket soon once they get the ducks lined up, funds need to be allocated first, only 3/4 companies doing this in the UK so room for more than just SWC which is trading at a whopping premium but will build out and close that NAV as it grows.

That makes sense, perhaps they kept some however as we will go into production this month they are selling in anticipation of meeting the next milestone, that's actually an incredibly bullish and positive way of looking at it!

I certainly did but if offloaded this morning just below 7p, didn't quite catch the top but a great trade from the low 5's. Was going to hold but the RNS didn't have enough meat on the bone which made me a bit nervous about management, as I could have written a much better one myself (considering the strategic status is an incredible achievement and comes with additional advantages not mentioned such as expedited permitting processes et al)

This would be my guess, at some point before June 2026 its likely that a large seller will emerge due to this, I doubt the founders of HyProMag want to keep the stock but they might, however as much as they may earn from their day jobs, being able to cash in £1m+ is life changing and id be shocked if they wanted to keep it all, that's a lovely retirement.

***The consideration payable to the selling HyProMag shareholders (the “Vendors”) comprises £1m (C$1.7m) in cash and the issue of 9,742,031 Mkango common shares (the “Consideration Shares”) equivalent to £1m (C$1.7m) at a price equal per share to 10.2648 pence based on the volume weighted average price of a Mkango common share on the AIM Market of the London Stock Exchange (“AIM”) for the 10 business days ended on May 14, 2023, being the date prior to the date of the share purchase agreement.

In addition, up to a further £3m (C$5.1 m) may be payable to the Vendors in four tranches, either in cash or in Mkango common shares (at Mkango’s option), conditional upon the achievement by HyProMag of certain production milestones in the period to 30 June 2026. The Consideration Shares are subject to a one-year lock up (which includes the four month plus one day statutory hold period applicable in Canada, which expires on December 3, 2023) and the shares which may be issued on milestones will have a six-month lock up (and a statutory hold period applicable in Canada, which will expire four months plus one day after issuance, if any).***

Yes nothing of interest there or standing out with that extension.

Likely a recent placee perhaps, someone certainly under 3% IMHO.

It could also be realised HyProMag stock, we gave out I believe £1m in shares when we acquired, and there are milestone payments along the way. I cant recall the MS payments but at some point they will be realised as its come a long way since we acquired it. UK production will surely be one.

Agree should be the last of it, usually a random set of numbers when a block clears e.g. (for those new to investing)

Large seller wants to clear 5,639,125

Mutliple days you will see delayed trades of 500K, 250K as the broker sells the stock to the market

When the seller clears / broker finishes selling, the final block will contain the 39125* extension e.g. todays trade of 639125

Normally at this point I will check the TR1 / holder list to see if any holdings end in *39125 to see who it might have been - regardless, its off the books now and we've done well to clear it. (among others)

Absolutely, that will be the plan moving forward - instead of bucket shop CLNS they will be given access to financial insti's approved by the EU who have been instructed to invest in these projects, its a complete game changer. If they IPO'd today with this backing they would be double or treble the current price, will take a while for the market to grasp but like GROC went from 1p to 3p id expect TUN to move into double figures in the coming days. It's not a speculative ramp either, they literally have the EU approval saying they have a strategic project that is vital for the EU national security. Very big deal.