Member Info for GLR1990

I can see us picking this one up for a good sum

One of those investments that initially dont add any value to the SP but in a years time add a tremendous amount, look at HyProMag when we first bought a 42% stake for £500K.

BoD will be planning on taking the lot, looks like its a single owner so I suspect a deal will be done for a win/win price. Maybe a shares/cash/salary deal, lottery jackpot for the owner to be partnered with a £18m cap listed company (which should be £50m+!)

Looking at Gallium and Germanium 1 year on, a real increase in prices.

Gallium now 100% up and Germanium 75%, yet the initial reaction was subdued, especially for Germanium.

China will announce new strict RE measures on 1st October, stating 'they belong to the state'

https://asia.nikkei.com/Business/Markets/Commodities/China-says-rare-earths-belong-to-state-in-new-regulation

Management of rare-earth resources "shall implement the lines, principles, policies, decisions and arrangements of the [Chinese Communist] Party and the State ... and follow the principles of overall planning, ensuring safety, scientific and technological innovation, and green development,"

Does this mean they will restrict RE exports? It doesn't seem likely, as they just announced a higher quota... tariffs perhaps? Or increased internal demand?

Who knows, but if they do restrict RE exports or place tariffs, expect our basket price to increase considerably over the next 12 months, similar to that of Germanium and Gallium - as MKA has three offerings (recycling, mining and processing) it would be one of the most exposed investments listed in the UK, if not THE investment.

DYOR

Agree

Beckham got over £10m out of this, not too bad.

The original CEO got 19m shares as well, pretty sure they were all sold above 1p by the time they converted and he left, not a bad result for him.

Pretty much everyone who was part of the IPO did very well by the look of it. Another Covid bubble IPO’s that turned out to be a disaster long term for anyone not invested pre-listing.

Guild is doing really well, nearly $2500 an ounce

When a TR1 sells out weeks after the company announces it has no cash left and is looking for an asset sale, that probably rules out quite a few of those reasons

Probably writing on the wall if TR1’s are selling out at this stage

Surely they will know better than anyone else on here

Hmm has the company updated on both LOST and won sponsors?

They signed a new one the other week, which was great, however on the website they only list 7 sponsors now

Sky

Sky Glass

Subway

Endx

Regen

Hummel

Secret Lab

However, at the start of July in their social media posts, they had

Samsung Odyssey

HyperIce

Fanatec

Are these still sponsors, they are not on the website?

Also what happened to Coca Cola?

Just got defeated in street fighter at the EWC finishing 16th out of 16th.

Shame prize money only $5K and goes to the player.

Couple of chances left to try and get some club prize money later in the month.

Either way we will find out soon whether its a buyout at a premium = good for everyone

Or a buyout at a massive discount = still very good for management and staff

Yep, some article suggesting could be looking at 50% tariffs

Wouldn't be shocked if it were brought forward also to 2025

China will then make their next move, who knows what that could be but if they were to ban magnet exports it wound send prices through the ozone layer.

How long have we been warning, since 2017? (some on here much earlier)

At least the US is starting to make investments, EU spent a couple of years passing legislation but I haven't see anything of much magnitude in terms of securing supply?

Good read on US investments into the sector in H1 2024

https://www.nasdaq.com/articles/rare-earths-market-update-h1-2024-review

I may be wrong and the EU has funded some big projects.

Was very easy to buy last few months sadly due to the fact RESOC we’re selling out a relatively large position (6%) now they’ve cleared (or on fumes) it’s a bit like the old days were we used to move quite a lot on volumes of 100K

Q+A should attract many investors, especially with our 3 pronged attack now (vs 1 before)

In October China takes control of its RE industry, many market players expecting that to increase pricing considerably.

Perfect time to fund and or aquire RE assets IMO

The $1m expenses for Q1 are due to HyProMag and HyProMag GER costs being consolidated into the group, and amortisation charge.

The net liabilities were $2m, of which a whopping $1.4m relates to HyProMag milestones WHICH CAN BE PAID IN SHARES in other words adding serious value to our IP, so ~$600K liabilities and we funded £750K / $955K in April 2024

Songwe cost less than $50K in Q1!

Saying we are burning $4m PA is extremely misleading! Especially when at least half of those costs are share based payments for massive add on value / reaching milestones which will accelerate the SP and valuation of the group

Sharebel that’s close but not exactly spot on

The 12 months rule under the takeover code, as far as I am aware and you can join this up, is the highest price paid by the bidder for any existing shares they have on the books not the highest price paid by retail

So for example

The dubai fund took shares at 0.375, if they wanted to make an entire offer for the group they would have to pay at least 0.375p or let the 12 month expire

At 0.15 this may make it very difficult for any existing fund / holder to make an offer for the group

However DCB hold no shares, so they can offer to take the company for a value less than the current share price + liabilities and save the group

Do your own research, as I am not 100% but if you want to read up on it check out rule 6.1 of the takeover code for more Information

Certainly a very interesting couple of weeks here at GILD, no guanratee a buyout will be a premium but likewise no guarantee it will be for buttons.

No position from me so all speculation, hope it goes well for shareholders especially those who hold more than 1%

Placing will more than likely be 8p+

HNW adding at 5.5-6p last week, would have been likely offered any fundraise should it have been circulating

MDA has changed the entire landscape

Can wait on the sidelines… but will be paying 8p+ soon

Good balance post

Ultimately… how hard is it for management to do a Q+A?

Genuine Q

It’s not myles

How does that work? They are at 6p?

Good point Rob

So sorry to everyone here, I have been a fan of guild and have even been supporting them in the EWC, but funding options appear to be super limited at the moment, and sponsors are just not interested in the space.

They've actually been very competitive this summer, and as a 'team' done a pretty good job to get six events at the EWC, be part of the EWC foundation

Ultimately it all comes down to sponsorships

Hope the they find a good deal for the staff so they are kept on, can't see SH getting out with much now, as you said the RNS gives hope and speculation, but really the fact is there is £25K in the bank (probably £0 in the next couple of days) and it will likely then be suspended.

Nope not HyProMag directors / founders

Milestone payments have a six month lock in period

Unless we achieved one six months ago?

What’s a TR1? We dont do those at Mkango!

How long have we been wondering how much X and Y hold, with as per this week, a seller always sitting on the bid. (Or a buy, still even if it’s a buy that’s a lot of shares shifted below 5.7p! I mean talk about suppression!)

Will do some digging, the HyProMag transaction closed about a year ago this/next week and lock in I believe was 12 months, but that was for 9.5m shares at 10.5p

We owe HyproMag 4x tranches for milestones, which total £3m, so £750K per tranche BUT at the price of 10.5p again? Or it is VWAP? If so then each milestone sold today would be around £375K or thereabouts, which is very close. Although the company would likely RNS a milestone payment has been reached and made.