Member Info for timbo55

Interesting and I agree with most of what has been written..... price / unit will go up and cost / unit should come down but some points made suggest IMO a different understanding..... sales and cost of sales is totally separate to depreciation etc and will only get better with economies of scale in purchasing and higher sale prices - encouraging to see lots of reasons for both to go in the right direction from here

I'm a Mkango bull and heavily invested but I admit I was surprised to see Q1 sales of £51.6K With cost of sales of £65.1K ... inventory increased from 0 to £11.2K but that means cost of the sales as I understand it was £53.9K

I understand the Hypromag recycling is supposed to have a much lower cost of magnets than other producers but at this stage it looks like negative margin. Can someone with more understanding than me explain this ?

Thanks all for your posts on this. At the current SP I have 30% of my SIPP / retirement assets invested in Mkango and I'm 64 years old. I have done this since I've bought in big time to the Myles investment case backed by his deep research and enthusiasm. I am absolutely sincere and a believer in the extra ordinary potential of Mkango to have done this at this stage in my investing life. So please doubters let in that I'm on the same side.

I've also not studied in anything like the depth of most of you and was asking the question since I know from bitter experience how hard it is to be objective once invested as we all are, and I sense most are also heavily invested. I thought and still think it is important to be able to talk about downside risks as well as cheerleading potential. I think this forum would be a more useful place for all readers if it does that. Maybe I'm wrong and this is not a place where it's ok to ask an objective question. I'll still read and watch and may dare to post again.

I'm not into social media and am not a 'keyboard warrior' - it's been interesting to see the negativity towards me that my sincerity had engendered but that's fine too.

esduk - your analysis of my quickly found and un-analysed posts was very helpful.

I'm still finding the current SP uncomfortable esp given I topped up significantly at 50 and 60p on 'it can only go up' type sentiment so like you all, I'm very very eager to hear of next announcements etc. I'm currently at b/e having been >£100K up so it just takes an energetic adjustment to see 'retirement capital' fluctuate so much. Thanks for the info posts all

Thankyou very much esduk for your intelligent and useful post. Just keep sitting tight it is

If you read the post from rareearthexchanges you will see that it is consistent. The point from both these sources is that there is a good likelihood of the listing happening but there are significant uncertainties. I am sincere and genuinely looking for input from others here weighing up what is known of the likelihood of this listing since if this happens we are all £ in big time soon. Without it there may be more pain than this drop we are currently in

The removed link was from rareearthexchanges.com and page... /mkango-jumps-to-nasdaq-in-bid-to-become-rare-earth-recycling-powerhouse/

I'm in Mkango heavily due to Myles and have been reading posts here with interest for the last 2 months, daily in the last few weeks since I'm down a lot now from the ATH of 79p or so and it is a bit of a challenge like it is for many of us I can see. My take is that assuming the Nasdaq listing happens in say the next 3 months all this is just temporary pain we will soon forget. I'm interested to hear from the many far better researched than me here on the likelihood of this and the risks of not getting the SPAC> Nasdaq listing.

As a primer away from this understandably partisan message board a Quick search gave me:

[LINK REMOVED]

and:

The likelihood of Mkango Resources listing on the Nasdaq in the first quarter of 2026 is uncertain, as no definitive announcement has been made regarding a specific timeline for such a listing. However, there is significant market anticipation surrounding a potential Nasdaq uplisting, particularly through a merger with Crown PropTech, which could facilitate the listing of Mkango’s upstream assets.

This strategic move is seen as a key catalyst for future growth and funding, with the potential to provide a clearer structure for its business streams.

While the company has already experienced a substantial stock surge and is trading at an all-time high, the execution of this plan remains contingent on achieving key milestones, including successful production from its HyProMag facilities and progress on mining projects like Songwe.

The company’s current financials reflect a pre-revenue, cash-burning phase, which adds risk to any future listing plans.

Therefore, while the Nasdaq listing is a strategic objective and a topic of market discussion, its realization in Q1 2026 is not guaranteed and depends on future operational and financial developments.