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In other news:
"Rolls-Royce's small modular reactor (SMR) programme - the numbers:
▪️ Three new factories
▪️ 40,000 British jobs
▪️ £52bn economic benefit
▪️ 80% of components built in UK
▪️ £250bn export potential
As part of its commitment to maximise UK involvement in its ground-breaking project, Rolls-Royce SMR has launched a supply chain portal to identify the best British companies to partner with in delivering a fleet of ‘factory-built’ SMR power plants.
The portal - http://bit.ly/Rolls-Royce_SMR - will help companies become part of the Rolls-Royce SMR supply chain for this nationally important project that will significantly improve energy security. #UKmfg"
https://x.com/Jefferson_MFG/status/1702218399420469548?s=20
SMR nuke plants:
"But now, finally, the joke may no longer be true: Advances in magnet technology have enabled researchers at MIT to propose a new design for a practical compact tokamak fusion reactor — and it’s one that might be realized in as little as a decade, they say. The era of practical fusion power, which could offer a nearly inexhaustible energy resource, may be coming near.
Using these new commercially available superconductors, ***rare-earth*** barium copper oxide (REBCO) superconducting tapes, to produce high-magnetic field coils “just ripples through the whole design,” says Dennis Whyte, a professor of Nuclear Science and Engineering and director of MIT’s Plasma Science and Fusion Center. “It changes the whole thing.”"
https://news.mit.edu/2015/small-modular-efficient-fusion-plant-0810
Meanwhile in the EU... including rare earths and why I think MKA is going to be a serious contender after the Hypromag acquistion:
https://www.reuters.com/sustainability/eu-lawmakers-see-recycling-key-search-critical-minerals-2023-09-06/
BRUSSELS, Sept 6 (Reuters) - European Union lawmakers will push for far greater recycling of waste in a new EU law to ensure the bloc has raw materials such as lithium, nickel and cobalt required for its green transition.
The industry committee of the European Parliament will vote on its position on Thursday on the Critical Raw Materials Act, a centrepiece of EU strategy to allow it to compete with the United States and China in making clean tech products.
The strategy would seek to reduce reliance on China, which dominates global processing of key minerals.
The committee has reached a broad consensus on a text that stresses the potential of processing waste and reducing demand for critical materials, such as by using alternatives and increasing efficiency.
The parliament text proposes the EU should raise recycling capacity by 10% for each of 16 "strategic raw materials" by 2030 and collect, sort and process 45% of each material contained in EU waste, subject to technical and economic feasibility.
The European Commission proposed in March that EU extraction of strategic raw materials, including copper and rare earths, should rise to 10% of EU annual consumption by 2030, recycling to 15% and processing to 40%.
The parliament text stresses that its recycling target would apply to each material.
The final law will follow negotiations between the parliament and EU countries, who agreed in June to raise the recycling and processing targets to 20% and 50% respectively and add aluminium to the list of essential minerals.
Negotiations should conclude by the end of the year.
And as ever any sort of rise is sold into in nice round clumps until we are back where we started!
Does anyone have an idea :
1) Who is selling each time?
2) Where they are getting their shares from?
3) Why they would want to stifle the SP?
It's like groundhog day here!
GL.
Apart from the few who panic when they see this dropping back and a few traders, I don’t think anyone is selling! More a case of giving that impression to keep a lid on the SP, that could be for a number of reasons such as shorting the stock, shares on loan, etc….. Some one bigger than us PI’s who needs to control the stock but won’t need or be able to for much longer!
Certainly, the big seller/s were all out 2 months ago.... funny goings on 'they' don't like it going below 10p as they know it gets snapped up but they don't want it over 11p
It's all very strange and obviously being held back - so far - still buyers about though.
Still intrigued by this Reuters article years ago. Now shiny new US Embassy being built there.
"CHICAGO/LONDON (Reuters) - The U.S. Department of Defense has held talks with Malawi’s Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday."
Speaking or Reuters this just popped up - that is a lot of REE needed suddenly
LONDON, Sept 14 (Reuters) - Spurred by falling battery prices, electric vehicles could hit price parity with fossil-fuel models in Europe in 2024 and the U.S. market in 2026, and account for two thirds of global car sales by 2030, according to new research.
'Still intrigued by this Reuters article years ago. Now shiny new US Embassy being built there.'
Yes, and Mkango has linked the US Malawi embassy into their tweet of today's news ....
Can anyone help me understand why market makers would deliberately hold a stock price down?
Could it be just overall market sentiment, 'risk-off' mentality and less money chasing the same amount of AIM companies? Rather than MM manipulation?
Does rather feel as though something is afoot to keep the price down... but why?
As surprising as it is that this hasnt moved with two pieces of great news, I think we all know what is really holding it back. Once it drops, chocks away.
For the big buyers/lodge members they work for of course - that's the game.
It's either de rigeur price suppression because they know it's going to be big or there's a cut-price placing with forward-sold shares being printed from nowhere as is the norm on AIM/the LSE.
Given that (IIRC) we have a year's worth of runway cash to keep the lights on, the CEO (allegedly) dropped £100k on new shares at c13p plus the latest deal with Cotec is purposely non-dilutive to shareholders it would seem likely that it's the former rather than the latter that's in play.
There's not enough volume here to break the game so far but it could turn up at any moment, you just cannot project anything from the way a share "trades" as it's constant smoke and mirrors with the express intent to mislead the PI ...
Bonker99
Thank you for detailing your thoughts!