Member Info for SquirtyFlower

As I've said before, Vitol, the BOD and 4 others own nearly 45% of the shares. If all of these reject any proposed bid then it has no chance of success, if all support then it will succeed and if they're split then it will be a battle.

Beginning to motor up in Canada too.

Spot on, CJ. Too many folks tying themselves in knots over what this site reports their trade as when the main thing that really should matter is the actual price they got. Personally I would have thought the two posters who bought in the last 30 mins should really be asking themselves why they bought at 37p when they could have bought at under 35p earlier today. That difference will hit their profits ( or losses) far more than a pretty blue or red colour on list of trades that will have vanished from view by Monday morning.

Canada is not subject to sanctions. It has higher tariff rates than many other places, but these aren't sanctions. One of the stated justifications for Trump's tariffs is to encourage companies to manufacture in the US and this is exactly what Hypromag US will do so I struggle to see how Cotec being Canadian or MKA being British (with dual listed shares in Canada) will be an issue.... especially in the case of rare earths where US govt is frantic to get domestic supply.

As for Cotec finances, I'm not sure MKA can have concerns when it has no revenue to date and has to periodically raise money to finance ongoing operations. This will change as UK and Germany ramp up, but it is the reality today.

Noveon were one of the companies listed as attending the Peter Navarro White House meeting last week with Ree companies, Microsoft and others.....

And because Cohen & co will see Hypromag US as the far bigger prize, they will be especially careful to make sure the MKAR transaction is a success. They will be working hard to get the PIPE and other financial backing in place and they will have been careful to ensure the valuation is priced for success upon IPO and tried to minimise the downside risk of overpricing it.

Stn - think we're saying the same thing. JF is very influential so when he makes recommendations to the current secretary of state it carries extra weight.

MKA/Maginito was announced as part of the MSP back in 2023 so that isn't news at all (see the RNS). However it's great that he name checks us now as it shows we're right in their mind.

Jose Fernandez was US Under Secretary for Economic Growth, Energy and the Environment in the Biden govt. He was co-chair of the MSP. Although he is not in govt under the Trump administration so does not have the authority/responsibility to deliver grants, there is no doubt he is still a very significant political influence in the US rare earth's supply activities.

No, but if you go to a highly reputable NY brokerage which specialises in IPOs to receive their expertise in conducting an IPO for your shares and they say they think it should be valued at $500m+ with your share being $400m based on the technical and financial detail available then you would expect them to be pretty accurate.

They will also look to take advantage of the day/week traders who will be looking to exit ahead of the weekend.

40p paid

While Cotec/Hypromag US weren't mentioned by name that wasn't the full list of attendees. Also hugely significant that Microsoft and other big US consumers were there as well.

No coincidence that he announced he was going into self-imposed radio silence a matter of hours before the huge buy was published and the share price started taking off as more US govt support started to filter out.

Usar stock price went vertical on that announcement. MKA in Canada didn't respond at that point, but still up 13% on the day.

Would that be the same Tesla that has a big manufacturing plant in Germany.......? Only dreaming.

And not sure who would have deep enough pockets to go hostile against Talaxis/Vitol......

Unlikely. As previously mentioned, Talaxis own 21%, the BoD 11% and 4 others 11% making around 43% in total. If they all oppose a t/o then there's no way it would come close to succeeding and would be pointless to try. If an offer was supported by half of these 3 major groups then perhaps it could succeed but it would have to be a very good offer.

Seems like we landed on the 'do not pass 32.5p' square and are waiting to throw a double to move on......

The bit about Myanmar is from Reuters, but the comments about Hypromag US appear to be Myles own thoughts and speculation ( though they may be well informed or at least hint, hint, nudge, nudge from a source that knows)......but would be very good news if true.

A year ago, MP shares were about $13, they soon dropped to just over $10 and are now $60 having gone up to $65. MKA has followed a similar trajectory - 5p a year ago, dropping to just over 4p at the lowest then up to 30p now having touched 38p - so shareholder dreams have come just as true for some on here (though I appreciate this may not be a sentiment shared by longer term holders who bought tranches at considerably higher prices). MP have secured some very significant deals with the DOD and Apple, but little old MKA has done really well too.