Member Info for SquirtyFlower

Decent start....new ATH paid already.

UK market generally leads as it has by far the higher volumes. The TSX price went vertical at the end of trading yesterday which made me think there'd been a news leak, but no RNS today suggests otherwise. Therefore late TSX movement most likely a shortage of shares combined with some sort of negotiated trade.

Only other comment is that we saw an out of line trade in UK for 49p last week....and now share price has moved above it so maybe something similar about to repeat with these TSX trades. Let's hope so!

And we all know that behind the scenes much bigger orders than published so far today are being filled.....

It would be an even better RNS if the first paragraph wasn't truncated mid-sentence!

Some decent sized laye trades now come though....100k at 48p stands out.

Need to be very careful if we go down this route. It may be ok for Hypromag US, but we would need to be very careful it doesn't limit the ability of Hypromag to operate and expand in UK, Germany or any of the other countries being highlighted in company announcements. MKAR is different again - US govt may want a piece of this, but how might this impact ability to get EU funding and, given Trump seems to blow hot and cold every day on European defence and other matters, whether this is something UK/EU govts would want to entertain for strategic reasons.

The warrants would raise approx £1.1m for MKA if all converted. However the decision about whether they are required to be converted is the company's not the warrant holders and, so far, MKA has only cautiously sought conversion so it is perfectly possible that not all of the outstanding ones will be needed in the future - especially as the recycling is becoming revenue generative and the SPAC listing will take care of Malawi/Pulawy financing.

Here's the link to Myles post on this:

https://x.com/MylesMcNulty/status/1956273189492830454

You do need to be careful with the sources of AI generated summaries. For example, a search of "Mkango DoD" does produce an AI summary saying that there are investor rumours of a link up being announced soon. The problem is that when I click on the little paperclip symbol to take me to the source of these rumours the only sources it finds are posts on this message board!!

No, not tricks, more like an issue with the way this site works in the background. Those 2 trades were there last night when I looked about 7.30pm. They were published later than the usual late trades, but they were there. However they may have been published later than cutoff time when this site stopped counting yesterday's trades and so they appear in today's count.

Most likely because they'll be on a bonus from a client for filling a large buy order in the 45p area so they'll stick to their goal for as long as possible.

According to XE currency converter, 735000CNY/T converts to $102/kg so approaching the US price floor. HPMS recycling costs are way lower than long loop (chemical) methods so the MKA recycling profitability will be superb....and that's before the magnet production.

SG - GKN have confirmed the quality on samples produced so far, but as the scale ramps up rapidly then this quality needs to be maintained. Until this is proven then there is a risk there will be issues. The original question was about risks and I see this as one, that's all.

On the SPAC, I'm just wary of the valuation until it is actually done and dusted and reflected in the MKAR share price because, in the end, I can't spend that valuation until it is in the MKAR share price and I can sell my shares with it included.

MKA is a good investment at this price on a risk/reward basis ( and even more so for me as I have hundreds of thousands of shares at 8p average), but there are risks and these are the main ones I see. Very happy for events to prove me wrong!

For me, the biggest risks on the HPMS/short loop side are that they have production quality and consistency issues as they scale up or that the HPMS vessel has higher maintenance requirements than envisaged leading to more downtime.

On the mining side I see risks being 1) that either the Malawi govt gets greedy and demands a bigger share (or even worse, a change of government to one that looks to nationalise/expropriate the assets ) 2) the SPAC is a dud. Yes, USAR has been very successful but others by Cohen (even some of those referenced in our Spac RNS) have done badly. No, I'm not PeterP but until the finance of the mine is secure and the listing complete and the value recognised in our MKA shares then I'm not counting my chickens here just yet.

Absolutely, that was my intended point but perhaps it wasn't clear! The economics of Songwe/Pulawy and the recycling operations are already both better than if current Chinese market prices are plugged into DFS etc and will only improve further as the Nd price increases towards at least the $110 US govt price support level and, more likely, go above this.

Also may need to treat the price as indicative at best. The Nd price quoted is the Chinese market controlled price and is not necessarily the price some non-Chinese users are actually having to pay to secure supplies. I'm sure Mka will price competitively as they establish themselves in the market and build a reputation for quality and reliability, but even so may be able to secure higher prices than the reported market price.

From the doc posted by Floyd

In addition to the EXIM LOI, CoTec is also in discussions with two commercial banks in relation to potential project finance for the Project and with several US federal and state government bodies to support funding and other incentive opportunities.

Yeah, but you also have to think of the 'you invested our life savings in a hole in the ground in Africa and and industrial estate in Birmingham' conversation if things take an unexpected turn for the worst from here!

Very close to top of my BBC news page today. Mentions dysprosium and terbium and some focus on the environmental costs/damage. It would be really good if Will Dawes could get a similarly high profile article pointing out this wonderful and much cheaper and less environmentally damaging solution in Birmingham!

BBC News - Inside Australia's billion-dollar bid to take on China's rare earth dominance

https://www.bbc.com/news/articles/cgm2z91mvlvo

It's not clear what, if anything, Vitol have done for Mkango. Their shareholding only came about because they acquired Noble who owned Talaxis and I'm not aware they have contributed anything at all financially or towards growing the business. Maybe they are doing some beneficial things behind the scenes, but I doubt it until I see hard evidence otherwise. There's also no indication that Talaxis shareholding in Mkango was a key factor in their acquisition of Noble either so, again, I'm doubtful on this score too.