Member Info for JMUK26

I think Panthera are struggling purely off the back of poor sentiment of the funder LCM who are hanging on for dear life after announcing losses of over 100m the other day. I don't think Panthera have been explicit enough about what would happen if LCM go bust. I.e. would they raise cash (at a depressed rate) if LCM go bust to see them through to a decision? Or would they rely on the fact that LCM should be able to sell the case on so they do not require any funding? I think people not knowing means they just avoid investing.

I've just emailed alex and will about the shambles placing. Not expecting a response, but they or their PA may cast their eye over it for a few seconds and get the gist that retail base isn't happy. Covered low placing price and timing, German commissioning update, tyseley production capped at 20-25tpa until further notice, general comms etc. They need to start providing some answers.

Agreed there has never been any mention of contractual limits capping our output to date. The wording is “20-25t pa initial target is due to 20% capacity utilization restriction whilst the equipment and infrastructure is owned by the University of Birmingham”. I take it that the 950k raise today towards uk is for feasibility study into acquiring this equipment and infrastructure. But, according to the timeline it will only occur in q3. If I’m understanding this correctly I think it’s pretty shocking that this material news has not been shared with the market and we are only finding out via a footnote in a presentation. In the grand scheme of things it’s probably not a major issue but it’s deceitful and delays revenue and profit for much longer than anticipated.

The footnote on slide 7 is very worrying. We’ve been led to believe that output at Tylsley was initially 100, there has never been a mention of a 20-25 target. Rns wording from Jan: "100 tonnes per annum (tpa) on a single shift, and over 300 tonnes on multiple shifts." They are now saying just a quarter of that and no way to increase until buy out which the uni may not accept. Unless im misreading that’s a pretty big problem and a major oversight? I hope somebody more knowledgeable comes along to calm my nerves.

Fair enough, let’s hope it’s a bargain.

It literally says who they are acquiring in the footnote. Looks like a cleanup job in corporate speak so as to not affect agreed price or eu funding.

I’m as annoyed as the rest of you with this after hours news which closed before I even knew about it. I’ve been topping up over last few days annoyingly. Usual leaky ship aim company which I thought this company was above.

Drantley - I think you are correct. Full buy out of existing operation before commissioning complete and price rises significantly. Could even argue that the bod have delayed things purposefully whilst trying to sort this.

I've just topped up again. I keep saying this, but this really ought to be my last one as my holding is now very outsized. Lets hope it pays off soon. The share price is getting unnecessarily hammered down, and with multiple catalysts outstanding, you'd think it's only a matter of time until this gets motoring.

Getting into bargain territory now. The market seems to be treating MKA like a long term loser from the outfall of this war, when as far as I can see it only strengthens their position. This war, is going to further strengthen isolationism, and tightening of supply chains and providing MKA execute it can only really be win win for them. The elephant in the room is Germany and the BoD are still doing themselves no favours with poor comms which has undoubtedly contributed here. I'd be topping up though now, if my holding wasn't already very large. For new investors, it looks like a great entry point.

But yes I get your point it’s one of them rare win win situations where Poland are better off if things stay as they are currency wise but grx are also winning.

Remember it’s not a flat 5.5% like a bond, this award compounds annually. That means they’re paying interest on the interest. On £250m+, that cheap 1% spread gets swallowed by the compounding pretty fast. It’s also a bet on the zloty, if it drops against the pound it gets worse for them. Grx are in a great position here, sitting on cash and can ride this out for years if need be, all the while the money they will eventually receive anyway just goes up and up.

I never said Poland would "go rogue"—my point is that their prompt payment of this A$1.6m bill suggests they’ve finally accepted the game is up and are following the rules.

As for the wait, we’re netting over £1m a month in pure interest arbitrage between Poland’s 6% and LCM’s interest. With the A$13.6m placement in Feb and today's cash, the runway is bulletproof. Poland can kick the can all they want into 2027; the pot just keeps growing for us while they foot the bill for the delay. GLA.

Genghis, the appeal is just standard procedural noise at this stage. You have to look at the intent behind the transfer.

Poland didn’t recognize the Singapore Court's authority and hand over $1.6m in costs just for a laugh. If they were planning to go rogue and ignore the final £252m award, they wouldn't have bothered paying a penny of the legal fees. By paying, they’ve admitted they’re in the system and there’s no way out.

Tusk knows the meter is running. Interest is stacking up at roughly £1.2m every single month. That’s £40k a day. He’s already gone on record saying the case is 'hopeless'—this payment is just the first physical step toward the inevitable settlement. I'm more than happy to sit on my top-up while the bill for the Polish government keeps growing that more they delay the inevitable.

Yes, a good sign that Poland are respecting the process and finally admitting defeat. Hopefully not too much longer for the big pay-day, but always good to have extra cash in reserve. I topped up this morning on the basis that the current market cap is covered by the award and there is substantial upside from the mining side that hasn't been priced in.

Back in for Mission Group soon? Share price down 22% today, and been drifting down since BBSN approach in summer 2024. The 35p offered now looks like it was very good for mission shareholders sitting at just 14p today. Might be worth another cheeky offer, but not at 35p.

I wonder whether Brave Bison will come sniffing again? I suspect so quite soon. They will not be so generous with their offer this time around though. Mission are on the back foot and the management are not delivering.

Brave Bison previously offered equivelant of 35p for each mission share in Summer 2024. Adjusted for today's Brave Bison share price, Mission holders would have been sitting on shares worth around 53p today. A tidy 275% gain from today's mission price. OUCH!

Has anyone contacted the company regarding Germany? It does seem strange that we have had multiple updates over the last couple of months and they are actively avoiding updating us on commissioning there. I take it that things haven't gone as smoothly as anticipated, but either way they really ought to be communicating progress whether it is good or bad. If nobody has attempted to contact Mkango about this, I will do so later, but I'm sure several people here have already tried unsuccesfully?

No offence digger Dave but unless you have a very short term horizon there is good money to be made in Otb. It’s. It been going sideways for 3 years has it? And how can they do anything about tango man’s random actions? I bought at 145p and sold initial tranche at 225p and another tranche at 300p. It has since tracked back down to almost where I started. I will probably now repeat that process once cash becomes available. People buying here will do well if held for a couple of years.

Agree - its appalling from LSE. I'd be fuming if I was a paying customer with their premium features, not even getting RNS notifications until hours after issue. SORT IT OUT LSE!!!

In terms of OTB, people dumping this morning need their heads checking. OTB as a business are performing really well, they can't help what Trump has caused in the middle east, and it was very obvious that whilst this will have minimal impact on OTB as a business physically, it will dent the confidence of consumers to book holidays early and to destinations they think could get involved. This was very obvious last week. OTB will be absolutely fine, people will still go on holiday, they may just opt for different destinations and book even later once confidence returns of the new norm. Looks like a big buying opportunity.

Well its all linked isn't it Actuary-boi. If oil goes up, then very simplistically, alternative energy sources go up by default as there is a scramble to keep costs lower. Nuclear power stations can generally switch to coal. A high oil price is good for this share and very much linked. I personally don't see this being over any time soon, as I think now the US have opened the can of worms they will want Iran's Uranium which could take some time if at all possible. Reserves will last maybe a months in europe, so still a lot of scope for this to move up imo.