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"The report estimates that to meet its clean energy goals, Europe will require 35 times more lithium and ***seven to 26 times the amount of rare earth metals*** in 2050 compared with today. It will also need 1.5mn tonnes of copper (an increase of 35 per cent from today) and 400,000 tonnes of nickel (a 100 per cent increase)."
https://www.ft.com/content/72400b96-4c67-4a7f-9a98-53371f5ab421
Bonker. Good find. But for the life of me I don’t see why we are looking at 2050 data when we can’t even be valued at current levels with the RRE shortage and the recycling hype. I think investors get trapped by reading these kind of posts because they state that type of shortage now but truth is many nee mines will be built by then and in supply so one can argue it’s not very accurate in that sense.
Back to makango …. I would like to hear something on thambani and possible JV people they were in discussions with as stated by the CEO and also the rutile results again with possible offtake agreements like presana. Lots to do for the MKA bod, let’s hope there’s a shift in momentum because at this rate 30p seems a million miles away. Rest assured with talaxis and the CEO in at 24p does help however we need to push on because these markets are not going to be friendly come the next few months.
Afternoon.
I'm sure things will change once the game-changing DFS drops in the coming weeks - in the meantime if you're a buyer then you don't want the price to go up surely?
Hear you on the 2050 thing but the final multiple isn't the point of course other than to point out that supply would have to double from the current amount and that amount would need to be added every year for the next 25-30 years to meet demand.
Given that China has complete control over 90% of the Rare Earths supply and is moving faster than anyone else towards full green energy and no oil reliance then, clearly, you could have quite the desperate grab at anyone who has a good-looking Rare Earths project on the go outside of China, especially once all the numbers are laid out in a DFS cos that's when the bids/money can and will come in, not before. Moreover, nobody wants Rare Earths mines in their own backyard cos it's a dirty business.
Given the World right now, China could pull the plug anytime they like.
The SP will go up when the money guys want to sell - not before - drops are for buying ...
Fair enough. I guess the one thing that really gives us investors peace is that the risk China possesses with its huge control meaning prices will always be boyant for now anyway. Let’s hope they drop a few surprising rns deals in between the bfs and mining licence.
Are they going to drop this to mid-teens then or not? ;)
Bonker. I feel the pain. It’s annoying to say the least. I mentioned 17p before and got attacked so I better be careful what I say in here :))
For me it’s the Lack of buyers that’s the worry. I mean 20p should be bitten off but it looks like the seller has full control and in essence the sp is at his mercy.
Amazing to think this has so much going for it yet it’s price is 50% off the highs and a seller is hell bound on getting out. Don’t really know what to make of all this.
No pain - just trying to provoke the spivs into dropping her ;)
Id usually think the same but have been here many times before
Covid crash was the worst, 9p right down to 2.75p offer - different situation but all the same really surrounding one thing, cash fears
I think the sell off here could be down to a few things
1. global market sell off
Interesting because commodities have done quite well but not all , so I give some weight to this but not a lot
2. Russia invasion and war
I give a lot of weight to this as we do have a TR1 russian investor, or at least we did, the website is now updated (22/04) and he is no longer on there but could still hold under 3% (or just completely gone AWOL)
3. Cash position
I give a bit of weight to this aswell, $4.6m as per 31st Dec last RNS, depending how much is left (cant recall if we have any warrants etc.) then a cash raise will likely be needed in the next few Q's but how that raise will come is what could be the difference between a discount (which would be very detrmimental to the BoD and 32% holder Talaxis) or through asset sales, royalty payments etc. which is obv more beneficial - think HZM royalty agreement with Orion
A good way to raise cash and realise more value could be to list HyproMag, we hold 42%, take our option to increase to 49%, list the company, post listing we may reduce out holding but we could then sell some of that holding on the open market, not sure this is the best idea yet but certainly something for the future, I dont think any of the true value of HPM is priced into the SP today
Or the big one, asset purchase for Songwe in which case we all sail off into the sunset on a nice big yacht (or dinghy depending how much you have here)
Some investors are simply going into cash if they are over-exposed with the view of buying back cheaper. If the price doesn't retrace to their expectations then they call it a day until a better opportunity. However just because we have a big seller it doesn't mean he/she is selling all. Could still retain a few million shares. I 've done similar myself.
Yeah I'll have 1/2m @ 20p tvm.
Dickie3. Nice to have you on here but I think you have just witnessed the last few weeks of selling. We are screaming because it’s actually been happening for months on in with the last 3-4 weeks more brutal amounts.
I can also sell 700k shares but to get practically millions sold weekly for months is not normal. And not to forget the lack of buying.
Yes munchbox....i am taking it all in...thankyou for your reply and your explanation.
GLA