Member Info for velcrofajita

I am a good accountant - both answers are wrong. The correct answer is: What do you want it to be?

We should not be jealous that the management get 8% options. Really top talent today does not only live with a salary and if they have a vested interest in the market value of the company they will go over and above the call of duty to perform (here I mean personal sacrifice in terms of family time and so on). With what the management have pulled off on this financing deal, I want them right here and not looking for opportunities elsewhere.

Also showing that management is incentivised gives much more confidence to lenders. I will definitely not be voting against the options.

I note that some are disappointed with the equity raise and funding package announced this afternoon. My view is much more positive.
- Institutions have taken a large equity share and funding along side the syndicate of lenders / Finnish & Danish government guarantees. Construction of Araguaia through to completion is secured and this removes a huge risk
- Financing to progress feasibility study / permitting at Vermelho have been secured through the royalty sale
- Glencore has taken 100% 10 year offtake. This significantly de-risks the project.

Yes there is a massive dilution of existing shareholders with my rough calculations being that we remain with 40% of the equity in HZM. My thoughts is what is better, 100% of zero or 40% of $3 billion+ over the longer term. This deal now unlocks the potential of HZM. and is exactly along the lines of what I was expecting. Maybe next days or weeks will not be so good for the sp but as a long term investor in this EV / battery metal theme, that is of no consequence for me.

For me this dual listing RNS serves to support my thoughts that there will be a sale of producing / near term producing assets WK and MK. From this EUA will pay out the dividend.

EUA (2) will then focus on Rosgeo / other exploration targets and possibly go wider into EV battery metals such as Nickel. Moscow listing indication that they would be looking to make a large capital raise and give Russian investors to opportunity get in on the action right at the start.

Clever, I agree, difficult to find top tier high grade copper projects.

look at Kutcho copper listed on TSX. High grade project with significant expansion to potential mine life.

Only recently found this one but gives me a good gut feel.

There is huge potential in HZM as well as other developing Lithium / Rare Earth companies

The Green revolution/EV vehicles has driven up demand for relevant metals and this will only accelerate going forward. New mines take a long time to start up and we are coming off a weak decade for mining which means there were very few new major resources coming into production.

Nickel is exactly one of these metals and HZM have two exceptional deposits which together definitely sit in the top 10. Involvement of Danish and Finnish export credit providers plus a major western bank syndicate is a huge vote of confidence. I believe we are still at the infancy stage in terns of market cap and there is just huge upside, but always with the associated risks of mining.

dealer, yes I know that is what they said, but surely this is early days for selling Rosgeo. All involved would be able to get much more value if they sit on it, develop further and sell an asset closer to a mining start date?

My view continues to be that EUA strategy is to sell WK/MT which in mining is is near term production. This will be an immediate realisation of value and will allow the dividend to be paid. I was previously of the view that the May bid may have fallen through but with the RNS confirming completion of due diligence, this is very much still on.

The second part of the strategy is life after sale. The company will retain a part of the cash from sale to pursue Rosgeo exploration and look to firm up PGM and other battery metals resources. This is potential long term upside then way after sale. Potentially the end game for Rosgeo in x years time is a sale as well

These are definitely exciting times. Not for the impatient nor the faint hearted

https://horizon.scienceblog.com/1873/europe-is-finding-its-hidden-treasures-to-build-its-green-digital-and-climate-neutral-economy/

On FT - US targets China rare earth magnets for possible tariffs. Interesting!

My thoughts are that Mkango has huge long term upside. Rare Earths are essential for the EV engines and this is going to boost demand and prices over the next 10 years. On top of mining the company is developing the separation plant in Poland and the magnet recycling business with first focus on UK and Germany. I expect US will follow at some stage.

With Rare Earths dominated by China, the west (US, EU) are desperate to develop upstream and downstream operations and I expect both know how and financial grants will be made available to the company to develop what is needed. The Australian government is by the way handing out grants and support to Lynas, so the writing is on the wall.

Any pull back is an excellent opportunity to try and buy the scarcely available shares. I full intend to build a minimum holding of £100k in this company and keep it for the longer term. I am not going to make predictions on where the sp can go but I see we are still at infancy it terms of market cap.

The big news is that commodities are in a super cycle, fuelled by desperation to reduce the worlds carbon footprint. Sky is the limit in such situations and at the end of the whole cycle we will end up oversupplied, prices come down and so on, but we have a few strong years ahead of us, in my view.

Holding on for the mother load

JORC released, the entire licence area is a solid battery metal asteroid that hit the earth billions of years ago. The resource is worth trillions

Now lets watch the sp go down

ha ha ha

Where we make a good gain on this, will be looking to invest that gain in other junior miners with potential - Lithium, Nickle, Cobalt get into all the hype around battery metals

From my understanding the shortly refers to the JORC resource. This in no way refers to shortly information on sale etc which many are holding their breaths for.

Have been investing in junior miners for more than 25 years now and for JORC, DFS, BFS and so on to take longer than initially communicated is very much a normal occurance.

Some reality on how business relationships work. EUA could be giving the II a time window to buy shares from the market at even lower price than 26p share issue.

ii knows that pi are frustrated with lack of news to drive the sp up and this gives then a very good way to slowly build their total % ownership in the company

Agreed with what you say below, but i just have that gut feeling that the May deal is not what they really wanted otherwise it would have been completed by now.

Additional interest from other parties does not mean only sale of assets. This could be offtake with project funding, JV, sale and possibly other options. I am not holding my breath for a quick sale option and immediate dividend but am happy also with medium to longer term significant upside which I do see under the various scenarios.

Could definitely be wrong and sale announced "shortly" in which case again, I will be happy.

The BoD announced a potential asset sale deal in May but have since proceeded with Rosgeo JV and now we await JORC for MT flanks and Rosgeo assets. I believe that the earlier asset sale transaction is off the table and did not meet the valuation targets of the BoD.

My thoughts are rather that EUA is looking to increase resource base and negotiating a large scale financing / offtake agreement with a Hydrogen fuel cell company / similar. Japan presence is not just for the good sushi, there are big players in the fuel cell technology space there.

Agreed 1p very likely. All have been messing about with investment banks and so on for 1p dividend!!!!!!!!!!!!!!

Ha ha ha ha ha