Member Info for Propinquity

Https://advisor.morganstanley.com/meridian-point-group/documents/field/m/me/meridian-point-group/ALMM.pdf

Https://www.kitco.com/news/off-the-wire/2025-11-13/us-house-report-accuses-china-minerals-market-interference

Slurm, Less market-makers, and more market-manipulators.

British govt proving to be tortoise-esque followers - as usual; if they fail to act fast, we’ll end up with the US buying up all our minerals for their own use, leaving us to - rather ironically - import them instead. 😂

Follow on from Stocks’s post - https://www.energy.gov/articles/energy-department-announces-355-million-expand-domestic-production-critical-minerals-and

They can spend three-quarters of it on SML if they want - they’d probably meet all their tungsten requirements for their industries.

Slurm, He said it would be best to talk about MMs outside of the podcast. ;-)

Do you remember Alan Broome peddling mining-robots in one of his SML presentations, a few years ago?

One too many ‘achieves’.

Stocks, A huge positive on the high recovery-rate for tungsten: apparently, it’s notoriously difficult to achieve the rate SML have achieved (albeit small-scale, at present).

Https://www.youtube.com/watch?v=xCKtyqQ-fsc

Myles says the AGM will be RNSed.

Even if China loosened its export-controls on tin - unlikely, in my opinion - the West now distrusts its intentions to supply it with its minerals; the West will continue seeking its own secure critical-mineral supply-chains - it’s a large structural change in how the West now views mining, in general.

Thanks, Guly.

Guly, Sorry, I can’t work them out, at the moment - are there more buys than sells?

Yes, just read it and noticed the old info still in it.

Thelearner, Max, Thanks for your useful responses to my question.

Thanks, Slurm - incredible value-enhancing recovery-rates: it makes you wonder why the share-price remains so low.

Max, I’m no expert in recovery-rates of ores, which provokes me to ask: would those small-scale recovery-tests of 90% scale accurately to a bigger processing plant?

Lots of reasons for Wolf’s failures: poorly designed processing plant, economically inefficient recoveries - and the price of tungsten too low - to mention a few.

Indeed, PC - perhaps he was stabbed in the bank by the banks; the whole saga smells rotten of a bog-finance stitch-up - they surely knew the trajectory of the gold price was upwards, and that they could have waited only a few more months for operations to improve.

If you’re interested in a company our hallowed shores, in critical minerals, look no further than SML (I’ll leave you to research it).