Member Info for snkj68

Opened a long position here yesterday, been watching for a while but finally freed up some capital to invest and saw the opportunity at these recent lows. Global demand for rare earths only going one way, and that this is one of the very few ex-China ionic clay deposits i have no doubt the US will be keen to provide significant support. At this low market cap feels like a no brainer

Opened a long position here today, been watching for a while but finally freed up some capital to invest. Market cap unbelievably low. Global demand for gallium only going one way, and fluorspar there as a steady earner - seems a no brainer!

Looks like a couple of buys at 60p went through (amongst the many tiny nonsense ones the MMs continue to post)!

Huge end to the week, another wonderful Mkango Friday. Sets us up for a big week next week, i sense a big RNS is afoot...

Another great talk from Julian during the latest the virtual investor conference, can watch back here:

https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5099583/cotec_holdings_corp_otcqb_cthcf__tsvx_cth/?partnerref=on24seo

Https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5099583/cotec-holdings-corp-otcqb-cthcf-tsvxcthutm_source=Email%20marketing&utm_medium=email&utm_campaign=VIC_Metals%20%20Mining%20Oct%2079%20Invite%201&utm_term=VIEW%20THE%20AGENDA%20%20REGISTER%20NOW&utm_content=VIC_Metals%20%20Mining%20Oct%2079%20Invite%201%20CID_4ec755ed4c88ec11f6da58da95cd4696

Good to see so many buys (including some rather chunky ones) coming through at 50p+ ...foundation getting set for the next push upwards.

Folks wisely wanting to get in & stay in as the news flow increases... fearing being left on the shore having missed the boat as mkango sets sail for its destination: many-multi-bagger

So what news will drop tomorrow... presumably confirmation of contracts signed on US plant(s) location(s) is next...

Announcement of Hypromag venture in Japan would be nice...

Or maybe it'll be approval/sign-off on SPAC listing...

That should take us through until next Monday anyway

Unfortunately its Floyd's typo rather than the DFC :(

I'll settle for $100m

All jokes aside, fantastic news!!

Looks like they've put a few too many zeros on the that One Hundred Million Dollars ($100,000,000,000)... hopefully they dont notice, that'll be financing sorted for eternity!!

Yeah MP walk off the stage at the conference after saying "One unique thing that we offered is that we’re the only company in the world that’s fully vertically integrated, and if the government is going to support a solution, they need to make sure that the solution works,”

Then Will & Alex walk on and say... hi you might not have heard of us but we have a vertically integrated mine/refine/recycle model and all we need is an injection of capital.

PIPE investors and offtake partners please form an orderly queue at the back of the room.

Yep anyone selling / looking to trade this at the moment has to be crazy - just hold for gold

Bonker - great find thanks for sharing - is this a clip of Will at the conference? :P

In fact, just re-read your comment, i see you're referring to the proposed 40million shares in MKAR... apologies, i see what you mean now

Flundra - i think you mean $400m

Part 2:

Mkango's business, HyProMag. The closest comparable currently trading on US markets - namely, NASDAQ-listed USA Rare Earth $USAR, now has a mkt cap of circa $1.7 billion.

I believe we will be hearing of a NASDAQ listing for HyProMag (hopefully the entire group of companies; but if not, then just HyProMag USA) in the coming months, shortly after the MKAR NASDAQ listing is over the line.

The valuation of such a listing could absolutely dwarf the MKAR valuation of $400m, based on USAR's performance.

......

MKA's share price has rallied well over the past year, but from an extremely low base. Its recycling and magnet manufacturing business HyProMag is best-in-class, worldwide. Both projects in its upstream business are backed by the EU, having been designated as strategic projects.

Based on relative valuation analysis, one could quite clearly arrive at a combined fair value, today, for MKA's two business units of well over 10x MKA's current mkt cap of $159m.

That's what international (especially, US!) investors are evidently willing to pay for quality rare earths companies. And that's why it's clear to me that HyProMag will also pursue a NASDAQ listing in the next six months, once the MKAR listing has completed.

A bit of buying volume to clear any flipping element of the placing (which I believe is very small), and I think this share price will quickly challenge the recent all-time high of 46.5p, and then push on into blue skies.

Nice update from Myles this afternoon, part 1:

Great to see the modest £3m equity raise completed last week by #MKA. The market was evidently holding the share price back during the summer holiday weeks until a cash injection had been achieved.

Cash to be used for:

1) "development and scale-up of the rare earth magnet recycling and manufacturing projects in the UK and Germany";

2) "opportunities for rolling out HyProMag operations in additional jurisdictions";

3) "other new growth opportunities".

The global rare earth industry continues to be one of the hottest themes out there. Regardless of any Sino-US deal in the near future (and, as of last night, US officials are reporting that permanent magnets continue to be a sticking point in discussions between the superpowers), America and other Western nations will be pouring resources into developing upstream REE projects (mining, processing, separating) and downstream manufacturing capabilities (permanent magnets) in huge sums and at breakneck speed.

Mkango is severely undervalued (on a relative valuation basis) on just its upstream assets - its flagship mine, Songwe Hill in Malawi; and its separation plant, Pulawy in Poland.

The investment community refuses to attribute a fair value to these assets. The implied value for MKA's share of $MKAR - the spin-out that is planned to be listed on NASDAQ in the next several months - is $400m (or 86p per share, post last week's dilution from the placing). MKA's current mkt cap is $159m (£118m) at 34.0p.

That's a circa 150% increase in MKA's share price just to achieve the valuation of its holding in MKAR upon a successful NASDAQ listing.

Now consider the mkt caps (all in US$, below) of the international peer group with upstream REE projects:

US-listed:

Critical Metals Corp $CRML - $710m

Rare Element Resources $REEMF - $447m

Idaho Strategic Resources $IDR - $445m

ASX-listed:

Dateline Resources $DTR - $891m

Arafura Rare Earths $ARU - $337m

Lindian Resources $LIN - $296m

Brazilian Rare Earths $BRE - $291m

Northern Minerals $NTU - $184m

Canada listed:

Ucore Rare Metals $URU - $362m

Aclara Resources $ARA - $331m

UK-listed:

Pensana Rare Earths #PRE - $505m

Rainbow Rare Earths #RBW - $153m

......

Mkango's Songwe Hill is further advanced than the majority of these companies' flagship projects, and certainly ALL of the US-listed projects.

That is why a >$500m valuation for Mkango Rare Earths upon listing on NASDAQ (in the next 3-4 months) - which would value MKA's say 80% remaining stake in the business at circa $400m - is entirely realistic. Indeed, I believe its share price will rally strongly, post completion of SPAC deal and the listing going live.

......

But then there's the more valuable half of Mkango's business, HyProMag. The closest comparable currently trading on US markets - namely, NASDAQ-listed USA Rare Earth $USAR, now has a mkt cap of circa $1.7 billion.

I expect whilst Will & Alex are over in North America they'll be getting some other business done e.g., meeting with Cohen & Co, PIPE investors and regulators to finalise SPAC details & deals.

...Maybe they'll also take a few of our magnets from Tyseley over with them; to show the Hypromag US offtake partners that'll be queuing up what they'll be getting in ~18 months from our plants over there.

Lots of news to come this quarter... looking forward to this months payday so i can keep adding at these cheap levels, while stocks last!

Xi & Trump to meet at end of October https://www.bbc.co.uk/news/articles/c4g7l7yl832o

Worth keeping an eye on, although its very clear the US & the West will never allow going back to the "old world" - when they were asleep at the wheel re: the security of critical mineral supply

Enjoyed reading the exec summary of this, not payed up for the full report though https://www.thescenarionist.com/p/exits-in-rare-earth-recycling-startups

It is frustrating that hypromag continues to fly under the radar.

Is it not clear that our HPMS tech is superior to the leaching that everyone else seems to be reliant on?