Member Info for SpotTheNutters

Vitol Group, one of the world's largest independent energy traders with annual revenue exceeding $270 billion, has formed Valor Mining Credit Partners LP in partnership with Breakwall Capital. This represents a strategic expansion beyond Vitol's traditional energy focus into the increasingly critical energy transition metals sector.

Redeployment of Energy Trading Profits

Major commodity traders including Vitol, Mercuria Energy Group Ltd, and Trafigura have accumulated substantial profits from their energy trading operations in recent years. According to the transcript, these companies are now strategically "allocating large energy trading profits into a slice of the increasingly volatile metal markets."

Critical Minerals in High Demand

While Vitol's fund doesn't explicitly limit its focus to specific metals, market conditions and the transcript's specific mention of "copper and other metals" provides clear direction on priority targets.

Rare earth elements: Critical for permanent magnets in wind turbines and EV motors.

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If ever anyone wanted direction from an industry heavyweight endorsing MKA, it's sector and business model, this is a perfect example.

Deep enough pockets to make a commercial difference and also to put in a substantial offer for MKA in the future.

'What a presentation that was. Julian is now openly implying the long term value for HyProMag USA could be >$6bn. '

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And that's just the USA.

Europe ( Germany at present but far more countries to set up hubs in), Uk and many others countries globally, no doubt, to add to that !

Thanks for highlighting, Code

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Myles McNulty

@MylesMcNulty

The Trump administration is weighing up a move on Myanmar's heavy rare earth elements supply.

Besides China, Myanmar is the only major producer of dysprosium and terbium - the HREEs used as additives in high-performance permanent magnets.

Fun fact: #MKA / $CTH's HyProMag USA will effectively become the largest producer of DyTb (explicitly for use in permanent magnets) within the US, once its first NdFeB magnet recycling and manufacturing plant is up and running in Texas.

The source of its DyTb? The tens of thousands of tonnes of NdFeB magnet material that are both in circulation in the US (in 'working' equipment such as EV traction motors, wind turbines, hard disk drives, drones, robots, iPones, laptops, TVs...); and also sitting in huge piles in e-waste collection sites.

This is one of the key reasons why I believe HyProMag USA is shortly to receive substantial grant funding from the US government (in addition to the proposed low-cost loan of up to $92m already indicated by the US Gvt's EXIM Bank)... And even possibly enter into some sort of major partnership (in a similar fashion to the recently announced tie up between the US Department of Defense and MP Materials).

Westham

In part, yes, it was a misjudgement.

Esd particularly and others had already kindly made the effort to provide you with a detailed synopsis, which wasn't one sided and gave a balanced view.

Yet still, you apparently wanted to read a more negative slant just in case there was something you'd missed. Most contributors on here are invested in MKA, so it's logical that they will see MKA in the positive, otherwise, why invest ?

No investment is risk free, what were you hoping for, a cast iron guarantee ?

There is a wealth of information external to this forum that anyone can draw on. You just need to get off your lazy ass and read.

Westham

What 'you're missing' is conviction in your own 'simple appraisal'.

Nobody on here can provide you with a conclusion for your own investing decision making. If in doubt, don't.

Trying to put the responsibility on others to assist you in making your own mind up, suggests to me you that need to put your money in a cash ISA.

Esd and others on this forum are more long suffering than me. Do your own homework !

Yes, and he's currently being treated in the Burns Unit.

The nursing staff have sent out for more supplies.

Sigas

Quite right, it's 15p Short that got swiftly wiped out and then it's 35p Short that got wiped out at 38p.

How we all laughed and laughed as he repeatedly made his way to the burns unit.

😅

It's starting to get frustrated that nobody is listening to it and that most see it's opinions as inaccurate, irrelevant and nauseatingly boring.

Hilarious 😅

Always interested to read your analyses, Esd.

Keep them coming ! 👍

Myles McNulty post today:

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The US Department of Defense's landmark deal with @MPMaterials two weeks ago (notably, its guaranteed $110/kg floor price for MP's products for the next 10 years) is, quite predictably, causing a huge rerating in the price of neodymium and praseodymium.

Massive for #MKA. Why?

Besides $MP and the second industry flagbearer, ASX-listed @LynasRareEarths $LYC, @MkangoResources

is actually the only way for investors to gain direct exposure to pureplay rare earths production (be it upstream production such as oxides, or high-value downstream products such as NdFeB magnets) on all public equity markets outside of China.

Mkango started producing NdFeB alloy powder three weeks ago at its first HyProMag plant in Birmingham, UK, and will shortly be bringing its magnet presses online at the site. It will also be bringing a second magnet recycling and manufacturing plant online in Germany, before Christmas.

This major price rally in NdPr (which is, in my view, likely to push much higher in the near term) is directly beneficial to Mkango's cash flows and financial health, today.

It can't be stressed enough that the company is now an exceptionally rare and highly prized producer in the ex-China rare earths integrated supply chain, which the US and other major blocs and nations are attempting to build out at warp speed.

Not lost a penny because no real money was exchanged.

Still, it's often the thought that counts (I'm trying my best to express sympathy) 😂

'Troll Trading Ltd'

AU (Artificial Unintelligence) Investment advice from the unwashed. 😅

More imaginary trading. 😅

Lost your string vest at 15p, then lost your soiled underpants at 35p.

Thankfully, no real money was exchanged. 😂

Paul

A Canadian recognition of the deal in place for MP in the US and the valuation disconnect between the two, or insider knowledge of HyProMag Canadian Recycling Hubs ?

Could be many reasons.

Another great link, Stock.

This market for MKA's product is enormous and constantly growing.

Surprised at the significant amount of REEs required per fighter:

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Rare Earths in the F-35 Fighter Jet

The F-35 Lightning II requires around 418 kg of REEs per unit. These materials are used in advanced weapons targeting systems, radar, and laser technologies. Elements like neodymium and praseodymium are especially important in the permanent magnets that support flight control and stealth functions.

Equipment REEs (kg) Application Examples

F-35 Fighter Jet 418 kg Guided missiles, Lasers used to determine targets

Arleigh Burke DDG-51 Destroyer 2600 kg Advanced radar systems, Missile guidance systems, Propulsion

Virginia-Class Submarine 4600 kg Tomahawk missiles, Radar systems, Drive Motors

That should give you a laugh on your birthday, W.O.S. !

"I only became aware on 18th July 25 when advised by the company that the number of shares issued had increased and therefore I no longer was a holder of 3+% of the equity of the company . No shares have ever been sold. "

Or ....

Arm outstretched, pointing,"It wasn't MY fault"

😂

You. can't beat prompt communication.

From January. 😅

So, from Myles analysis.

Very crudely:

MKA 5000 Tonnes versus MP 10000 Tonnes

MKA four times more profitable per Tonne than MP

Therefore MKA twice as profitable than MP (half the tonnage, four fold profitability)

MKA valued at 1.2% of MP

On profitability alone, MKA should be twice the value of MP.

So, only a multiple of 163 times the current valuation for MKA to go, to be on a par.

Or, to keep it simple, £50 a share.

Sounds outlandish but it's just simple mathematics.

Clearly though, the MKA share price has some catching up to do.

Little point selling something worth £3 + for a measly 33.525p though.

Found it, here's the post from Gallmat:

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RE: Hypromag USA16 Jul 2025 06:50

I believe cotec are working on an update. I had a response to an email.