Member Info for GLR1990

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.

Agree crumbs, and I think its very feasible we have a magnet production facility in Texas once we prove commercial NDPR in the UK and expand to the US

Actually I take that back its not 'more important' than 2/3 of our entire songwe project, but in terms of NT revenue and expansion to US, very important.

We are significantly tied to NdPr pricing - although historically it traded around 400K Yuan or below, so you have to be happy with the current levels (offsets a huge amount of inflation)

More importantly NDPR makes up a huge amount of our recycling production, NdFeB magnets

100t/pa just got a lot more expensive

RvR Is fantastic

Its not about 'contract value' its about follow on products/partnerships

At this stage you are never going to be given a multi-million dollar contract without first completing trials etc.

The £200k they just received is to cover RnD

As per RNS

'The first contract is for the development of an Optimer pair to a neurodegenerative biomarker for use in an immunoassay platform.'

The second contract is a follow-on contract for the final stage of Optimer development to a neuronal protein target for immunohistochemistry (IHC), following positive results in the earlier stages of Optimer development. This builds on the adoption of our Optimer-Fc platform for use in automated IHC workflows.'

Top 5 pharma so not short of cash *should* the trial be successful, IF they do produce what the top 5 pharma is looking for then you can expect seven figure follow on contracts

For now with a large cash position, I wouldn't be looking at contract values but more look at the partnerships and developments being worked on, no guarantee of success but that's where the value is

Nice 1.5m buy at the end, someone is keen

Good week on the news front, positive and optimistic for September

Have a good w/e all

Was aware of a few CSGO sponsors but made a list here: mostly betting companies, so could be a deal with Sky Bet?

https://twitter.com/glr_1990/status/1695024531251814492

But one thing is clear, if you have a solid CSGO team you are getting sponsored, interesting to see rival gambling companies back rival gamers! In the last article it mentions RED competing with Sportsbet, very interesting!

As per my relatively negative(ish) but I thought on the money post the other day, GILD have since impressed showing their strong partnership with Sky, reminding us they are capable of landing major deals and creating strong relationships with Partners

In the last week we have the huge announcement of creating a CS roster, men and women's teams now, CS being one of the biggest e sports platforms in the market and now our own street fighter tournament and roster

Surely sponsors will be very impressed, would expect one to land shortly