hello all,
Being doing a bit of research into this stock. Great potential and plenty of room for growth.
HOWEVER - i just found out the HIsmelt Technology that this company is going to use etc.. for the pig iron process is IP that they have to license from MOLONG a Chinese company - MOLONG own this IP for HIsmelt. (they bough it from Origianl IP owner Rio Tinto years ago.
Few concerns for me here - what's to say MOLONG will license this?? Especially to a US company ?? Alot of friction atm between China and US
Again im happy for all that hold, i was super keen also but im a little concerned now.
I tried finding info in regards to License IP etc.. duration/cost/new agreements in place etc.. but cannot find anything
Small brief sentence referring to this on Presentation dated AUGUST 2022 on company website for those who want to do their own research
Ann: Mitsubishi enters into an offtake MOU with Magnum, page-46
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