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India’s rare earth scheme: What does it mean for EVs? | Business News https://share.google/TfQasnuc9c1V6s6IC

Comment around recycling initiative

Treasure - neither obtuse or dumb. You are plain dumb however. Do some math for gods sake. 95million Shares 100mill raised. 80p a share.

The difficult part (for you clearly) is you must convert from gbp to dollars.

No need to apologise unless you want your credibility back.

Global scramble for critical minerals to shape markets in 2026: BMI - MINING.COM https://share.google/so1K4weB6zGFz6TWp

There it is, the UT.

Problem, if it holds, ask are now 54p on the ask. So in theory it should open up 2p. Time will tell. Long way to go but nasdaq picking up

Correction 52p ask

Pretty much same SP Mrs R. 54p offer over there.

Cheers - so makes sense now (sorry, slow burn). 95,000,000 at 80p a share to raise £75mill = 100mill (dollars).

Price holding up well considering 20% discount.

Mumbles - it's the RNS that is the problem. The only mention of new shares are the additional raise at 80p taking it to 310,000,000 in issue.

Your assumption is the 95million is at the current price taking stick to circa 405million? Hence 25% of the new enlarged share pot.

Surely the RNS should state this, to remove doubt?

Hopefully once due diligence.is complete another RNS is issued to make sense of it all.

Side note, the additional raise price is very poor considering and assuming that is at the plc level and not the project level? To that end, why didn't they use the 95mill proceeds for plc?

Just interested in view, thanks in advance.

The Green box is just frustrated at the trustpilot (ironic) Stock they own.

Mumbles - I think you should do the RNS going forward. You make a better case.

Its is very misleading. The RNS is trying to mitigate against the dilution by only mentioning the 3 million raise at 80p, when inassume the full amount was at 80p.

This was trading at 190p recently. I feel for those.who jumped in at those levels.

It unfortunately doesn't give much confidence of delivery. Rightly or wrongly.

What is to say that the amount raised is enough to construct the mine at a time of great global geopolitical and financial uncertainty.

Back to the watch list for me

Canada driver test tomorrow. 48/49p equivilent so in theory marked down at open even further than the 50p UT trade after close. Considering we were 52p-54p earlier today it's complete manipulation on low volume.

News changes everything of course. My guess Will and Alex drafting RNSs all day following their return from Washington. 😀

MAA - thanks, seems a bit risky but if construction milestones are met I am sure all could go to plan.

What about the BFS? Any ideas?

Malaysia’s Rare Earth Transition – The Diplomat https://share.google/68StD72b9UgUkAwBv

Australia wants to be a critical minerals superpower - but processing is messy and dangerous https://share.google/SirRGlRIgmVvd43Pg

Magic - esduk is correct. Gaps have a time limit. FUD merchants would have you believe that the 15p-30p move never had a trading gap fill.

Thing is it's been filled 20 times over between 30 and 60p.

Esduk = FUD ;-)

Chart looking tasty once again. The 1 year chart is a thing of beauty.

Hog - thank you for sharing.

Couple of possibly stupid questions....

-$160 million U.S. EXIM accelerated debt funding underway for Longonjo

phase 1 production

- Ultra-low phase 1 Capex of US$217 million. Full funding approvals

Is it funded or not? The statements above seem a bit contradictory.

Also, footnote mentions latest BFS, can someone share a link to that please? I wasn't aware there had been one.

Thanks in advance.

secured.

Yeah I think it was about 30% some time ago but with dilution over the years it's at 20% now.

Esduk holds more than that now 😁