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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
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
To live long and prosper?
My take on this is that the board believe they can do better than the May all asset purchase proposal. I am reading between the lines that they may have an arrangement with an EV/battery firm in Japan that could be looking to take an equity interest and provide a prepaid offtake arrangement.
Battery metals are all the craze these days and palladium seems to also now be developing a role in making lithium batteries more effective. The Chinese are picking off lithium assets across the globe and a huge shallow palladium resource as in Kola is definitely also in demand.
This is goin to increase in value with some multiple, but timing is not known, can be tomorrow, can be in 1 month or 3 months. Just sit tight and don't let price inaction force you to sell out.
Look into AVZ minerals listed on ASX. They have a world class Lithium resource in the Congo and have been fully financed by Chinese equity participation (25%). This seems to be a fairly near term supply, considering mining timelines
AVZ owns 50%
Chinese 25%
State 25%
Sure, quiet before the storm
IMHO, PI to use this period to increase holding if they have available cash
Any smart II that believes in EUA will certainly be slowly increasing holding now
Just managed to pick up a few more shares at same price as the placing.