Darren Willis

Private Equity Trader/investor. Love raising my two gorgeous little people, the great outdoors, huge sports fan, animal lover. YNWA

[Darren Willis @dwillis_fx]

Only going to get more exciting over the next few weeks/months & beyond. Looking to add more this week, very much surprised that retail are being allowed it at this low SP/MCAP prior to Nasdaq listing etc #mka

[Mkango Resources #MKA @MkangoResources]

Alexander Lemon was with the @MKA rare earths USA team in Washington DC this week, attending the US Chamber of Commerce Critical Minerals Summit, great meetings held with the @UsChamberOfCom , the @DFCgov , @EconAtState Exciting progress for MKAR @malawidc @USEmbassyLLW
@UKinMalawi @Nasdaq #RareEarths #Hypromag

[Darren Willis @dwillis_fx]

#mka

[Wmsrobj @wmsrobj]

"Kyle Sullivan, USCBC vice president, said securing finished rare earth magnets – not just the ​minerals themselves – was a challenge due to China’s hold over both mining ​and processing."

https://t.co/nVUNlad7v3

#mka #hypromag #cotec

[Darren Willis @dwillis_fx]

@ElkHunter78 @MBdaytrading @MkangoResources Hardly any upside on recent positive news and sentiment across the pond, but happily dives wirh the sector! Love AIM!

[Darren Willis @dwillis_fx]

@SkyNews But do families still get a VAT saving for attending? It would be lovely getting something back having contributed £1.3bn to support this wonderful essential project!

[Darren Willis @dwillis_fx]

@BenGrahamUK Dam! I’ve now had to forfeit that few quid savings on a family day at the queue parks!! Gutted 😭

[Darren Willis @dwillis_fx]

Lovely sum of parts write up on #MKA @MkangoResources by WoW @WizardofWindsor 👏🏼

[Wizard of Windsor @WizardofWindsor]

https://t.co/v72OmS4SyE

#mka $mka mka.l mka.v

[Darren Willis @dwillis_fx]

@eddiegibbs @SimonBrundish Not sure I can read this yet!

[Darren Willis @dwillis_fx]

@RachelReevesMP If you do have kids then you can pretty much forget going anywhere, a small VAT saving will do very little to the costs of a day out in the UK

[Darren Willis @dwillis_fx]

@SkyNews We takeith on one hand and then give you a little back to make it look like a decent deal, sorry, have to try harder than that!

[Darren Willis @dwillis_fx]

@NoContextEPL Gets worse every time you see it! How, just how was that not given! PGMOL been trying to help them for a few years ha!

[Darren Willis @dwillis_fx]

Nice post by @MylesMcNulty which pretty much sums up the disconnect here, all the BOD can do is keep doing what they are doing and eventually the market will have to rerate this significantly, the NASDAQ will clearly be the driver #MKA

[Myles McNulty @MylesMcNulty]

After the filing of the Form F-4 with the SEC, it is now pretty much a given that Mkango $MKA #MKA will list its subsidiary - Mkango Rare Earths $MKAR - on NASDAQ in the coming months, at a valuation of circa $500 million.

MKA's circa 79% stake will be worth ~$400m at the listing price of $10.

Using the current exchange rate of 1.34 and the existing total voting rights of 387.1 million, that equates to a value per MKA share at listing of 77.5p.

As of right now, MKA's share price is 46.5p / $241m mkt cap- a 40% discount to the value of its MKAR shares at the NASDAQ listing price.

Some might argue that UK stocks that have held shares in companies that have gone on to list on NASDAQ, have performed poorly.

MKA / MKAR is a very different situation. It will have complete control over the listed subsidiary (c.79% equity interest), and MKA's two key founding directors will also be the key executives at MKAR. Moreover, as most are now aware, the valuations of even early-stage development rare earth companies listed in the US and Australia are sky high.

So it's actually reasonably likely that we see MKAR push possibly significantly above its listing valuation, in those first few weeks post listing.

......

MKA is trading at a 40% discount to the value of its shares in MKAR; which means we're looking at a 67% increase from 46.5p, just for MKA to be trading at the value of those MKAR shares.

But then what about MKA's downstream and - most would argue - more valuable businesses? Its various magnet recycling and manufacturing operations?

Mkango now possesses in its downstream portfolio:

Three fully constructed and commissioned NdFeB magnet recycling / remanufacturing plants (two short-loop, one medium-loop), with a combined capacity of 1,200 tonnes per annum of associated NdFeB products. The two short-loop HyProMag plants could be expanded (with additional capex) by a further combined 1,050 tpa, bringing European capacity across the three plants to 2,250 tpa.

In the US, the three plants under development (combined nameplate totaling just shy of 4,700 tpa) boast a combined NPV of circa $2.2 billion. Management is talking of ultimately building at least seven of these plants in the US.

Mkango / HyProMag is also looking to roll out its unique recycling / remanufacturing plants in Japan, South Korea, Canada and elsewhere.

Given the 40% discount that Mkango is presently trading at to its soon-to-be-listed MKAR shares, Mkango's entire magnet business is essentially being valued by the market at LESS THAN NOTHING.

I have been petty vocal over the past year about the UK investment community. It is poor, weak, unadventurous - in short, the LSE is a dying exchange. It is the much more optimistic (and wealthier!) US investors looking across the pond at tragically mispriced UK-listed entities that have been driving the high volume reratings witnessed in recent months (e.g. Invinity #IES today and in the coming sessions!).

With NdFeB magnets playing such a critical role in so many hyper-growth industry verticals in the coming years, I think it inevitable that Mkango starts receiving that US investor attention in the near future.

Hannam & Partners recently initiated with a 2026 year-end 240p target price. Given how much the REE industry (driven by geopolitics) has heated up over the past few days, I suspect that could be broken with ease.

https://t.co/WTwRoqfV6D

[Darren Willis @dwillis_fx]

@AlanSmyth13 @MailSport Well yes maybe Alan, but were they running at speed and this being accidental, I honestly do not know as cannot recall this challenge. It might be different to jumping to the ground and sliding studs up into the back of a players calf?

[Darren Willis @dwillis_fx]

@thesundaysport Find it strange that new builds have no adequate parking. However if you want to extend your current home & increase the amount of bedrooms, you have to provide evidence that you have the space to accommodate additional parking 🤔

[Darren Willis @dwillis_fx]

@BBCBreaking Imagine using our money to get things fixed that don’t work or need proper investment, you know…..health care, schooling etc!

[Garf @glr_1990]

Here’s something the market has missed #MKA $MP $USAR

And why #MKA will skyrocket in relatively short order

No other company on planet Earth, outside of China, has the entire supply chain covered - that’s short, medium and long loop processing

Short (Worlds Finest) HyProMag HPMS processing

If that doesn’t work?

Medium: Send it to Remloy for Medium Loop Processing

If that doesn’t work

Long: Use MKA chemical long loop process (currently in the UK) to finalise pure oxides and powders

IMHO HyProMag is the words best ‘short’ loop technology, not many can argue with that.

Long loop obviously we have the likes of Solvoy et al. Medium perhaps Cyclic?

But as far as all three go, under one umbrella, I am not aware of another ex-China company outside of #MKA

Throw in a mine (Songwe Hill) and processing plant (Pulawy) and you have a ln absolute blue sky unicorn in the making.

They have built Rome. Now watch the people come.

[Darren Willis @dwillis_fx]

@Share_Talk @MkangoResources @morr101 @tozzer121 @andyajsmith1 @Mattitus @otemple79 @Sajyboy @ABMckinley 70p would be nice for starters, which would still only be MCAP around £270m!

[Darren Willis @dwillis_fx]

@MkangoResources @CMA_Minerals @REIA_global @unibirmingham @Share_Talk Just got to get the UK arm off #AIM, there’s literally no appetite for positive news. Yes there’s been a few delays, there always is in business, and a 💩 discounted placing, but that’s for an investment, ala today’s RNS. With this and what’s around the corner, #NASDAQ! Come on!

[MB @MBdaytrading]

#MKA
@MkangoResources just acquired a fully commissioned rare earth recycling plant in Germany for €8m and it comes with a 300+ tonne feedstock stockpile ready to go.
Two plants. Two recycling processes. One-stop-shop for the entire rare earth magnet market.
HyProMag ✅
Remloy ✅
Songwe Hill ✅
Puławy ✅
NASDAQ listing incoming ✅
This is a company building an empire in the most critical supply chain on the planet rare earth magnets for EVs, wind turbines & clean energy.
First commercial sales targeted before year end 👀
Europe is desperate for a domestic rare earth supply chain. Mkango is delivering it

[MB @MBdaytrading]

MKANGO ANNOUNCES AGREEMENT WITH HERAEUS TO ACQUIRE HERAEUS REMLOY
#MKA 👏🏻