Member Info for StockGenius

The combined Songwe + Puławy NPV at base case pricing is ~$1.12 billion ($339m + $779m), rising to ~$1.38 billion on Adamas upside pricing — these are the numbers that will underpin any SPAC valuation pitch to US investors

Bear in mind there is no hypromag in this

The Puławy plant (Poland) is the more compelling piece on paper, post-tax NPV of ~$779m, IRR of 40%, payback of just 2.1 years, on capex of $212m. The life-of-operations cash flow figure of nearly $5bn is striking relative to Mkango's current market cap of ~£161m.

Drivers are markets dolldrums, Iran has really impacted everything. Today though traders jumped back in and LTHs added, I know I did.

Nothing has changed, still in Q1. News imminent.

The Malawi comments are old news and were discussed at length here. The cheek of it, the MDA delays were appalling.

A reason to buy. At present, too many unanswered questions.

This LinkedIn post from Will D adds some useful colour beyond the RNS. A few things worth highlighting:

The explicit mention of INSERMA ANOIA SL (the Spanish technology company behind the units) is more prominent than in the RNS, and the confirmation that units are now commissioned in both USA and UK simultaneously, with Germany next, gives a clearer sense of the global rollout pace, this isn't sequential, it's parallel.

The technical detail about avoiding shredding is actually quite important and undersold in the RNS. Traditional recycling shreds everything together, which contaminates the rare earth stream and destroys precious metal value. The Inserma approach keeps magnet assemblies and PCBAs (circuit boards) as separate streams, meaning you recover rare earths and precious metals more cleanly. That's a meaningful economic advantage, not just an environmental one.

The link to Dr Rob Arnold's video and the Tyseley Energy Park commissioning last week suggests this is a period of genuine operational momentum across multiple geographies at once.

What it reinforces from the RNS:-

The feedstock logic, Inserma output feeds directly into HPMS technology, is the core of the whole platform.

The chain is: HDDs → Inserma separation → HPMS processing → clean powder → either short loop (direct reuse) or long loop (chemical processing).

That full chain is now at least partially operational in Birmingham at commercial scale.

The LinkedIn post makes the RNS look slightly understated. The simultaneous multi-geography rollout and the dual-stream value recovery angle are more compelling than the RNS conveyed.

What's positive:

Getting a US Congressman (Joe Wilson) and local/state officials to attend the commissioning is meaningful. It signals political alignment with the domestic critical minerals agenda, which matters for future federal funding, grants, and DoD interest.

The "hub-and-spoke" model, pre-processing at regional sites feeding a central Dallas-Fort Worth hub, is a sensible, capital-light way to build US scale without needing one giant facility from day one.

The 60,000 drives per week combined capacity (two units, single shift) is a real operational number, not just a target.

Timing is excellent, the political environment around rare earth supply chain independence is probably as favourable as it's ever been.

Another step forward. SP action irrelevant with current Iran backdrop despite bottom feeders using it to sow FUD (noted from the green boxes this weekend)

Sorry MAA, habit formed in other boards. Neutral here.

Can anyone guess what the go/no go decision on US Hypromag is going to be? Lol.

This is a genuinely interesting piece of analysis, and you have clearly put real effort in, but it's worth separating what's solid from what's speculative:

The basic observations about trade structure are legitimate. P3 (3 decimal place) pricing, rapid micro-trades, and mid-price crossing are all real phenomena associated with institutional execution. You are right that retail traders don't behave this way, and the pattern they describe, block crosses supported by small signalling trades, is a real execution technique.

Where it gets shaky, rhe leap from "unusual trading pattern" to "single US-based internalising broker running a coordinated accumulation program" is a very long jump built on a chain of assumptions. A few issues:-

- You acknowledges AI assistance (Copilot) and their own assumptions throughout. Copilot is not a specialist market microstructure tool, it will pattern-match to plausible-sounding narratives.

- Attributing the 14:30 state change to US desk activity sounds compelling, but 14:30 is also when European liquidity patterns naturally shift regardless of any US involvement.

- Naming Citadel, Virtu, Jane Street etc. adds colour but no evidence. These firms are mentioned because they're famous, not because there's any data pointing to them specifically.

- "FAST trades are coded signalling bursts" is an interesting hypothesis but essentially unfalsifiable from public trade data alone.

The more relevant question for Pensana investors is probably *why* someone might be accumulating, if they even are. Pensana is another rare earths company, and given the current geopolitical focus on critical minerals and western supply chain independence, there's a plausible fundamental reason for institutional interest. That's worth more attention than the microstructure analysis.

The observation that institutional-style trading is occurring in Pensana is credible. The detailed conclusions about who, how, and why are speculative and dressed up in technical language that makes them sound more definitive than they are. Interesting food for thought, but not something to act on. As you said, not investment advice

Dr Atherley and Mr SmartPunter = Novice

"Federal Support for Advanced Manufacturing

The commissioning event was attended by federal, state and regional leaders who highlighted the importance of expanding domestic capabilities in critical materials and advanced manufacturing.

"This investment demonstrates how South Carolina continues to attract innovative companies to build the technologies that will power the next generation of American manufacturing - creating jobs," said Congressman Joe Wilson. "Rare earth minerals are critical to our national security, and we must take control of our domestic manufacturing and supply chains to protect American interests."

Last time it was 43p just before it went to 55p from 49.5p.

Sigas - green box benny. Myles mc fan club from avacta i bet

SEC is likely May/June. It could be sooner if at first pass 20 days (1month) there were no folllow up questions. Fast track seldom means skip process and due diligence.

For SEC process AI it and the mkar timeline. Esduk and I and others have covered it in this thread too.

Regardless,.everything is progressing, we are bound to have some delays. Im not a trader so immaterial to me. Demand for mkas products is only going one way

Botswana, South Africa and DRC on standby as reports show US has only two months’ worth of rare earths left | Business Insider Africa https://share.google/G6LeeMSmumfOFs14N

Global sentiment holding our coat tails. Wishing i had the deep pockets of the 50k buyer who pops up during the day.

Comparable MCAP between RBW and PRE are a bit of a joke really.

JB - “a.PCBs” (arising PCBs) are handled via routing to conventional WEEE/precious‑metal recycling partners, while HPMS is reserved for the magnet fraction.

There's gold in them there PCBs! Someone will be happy to take the separate boards that normally get shredded.

Along with copper, tin, silver and palladium- all critical

And that's just hard disks.

FUD as usual. Investor my behind.

...... imho, the board now has a duty to move beyond generalities and publish:

– a clear post‑transaction ownership and governance map (PLC / Sable / Ozango / downstream JVs), and

– an updated economic case that shows what all of this means for NPV and cash flow per PRE share.

Until then, I think it’s reasonable for shareholders to remain sceptical of blanket statements that “the revised structure will benefit all shareholders