The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I’m averaged out at 19p so need that to break even 🫣
With all the good news to come I can’t believe that you can still buy these for under 9p. I think many people will be kicking themselves for not buying at this price.
Morning - that's a lorra volume for nothing news - must be getting close now.
Just for you, going forward, I will use that noun :)
Let’s flipping well hope so. I’ve been underwater here longer than Jacques Cousteau.
OK fair enough, just thought it was easier to type what I did, rather than the full outline of the 'battery stuff' :)
Momentum building. But I agree after several false dawns the actual MDA/ML is what's needed. Monica's positive but saying there's still 2 or 3 points to negotiate. The GBE and Lotus SP are still depressed too.
Monica also clearly understands that the MDA must align with MKA's funders' requirements, so I'd expect the whole Songwe project with funding to take off as soon as the MDA arrives. And the MKA SP should take off with it.
Initially I was only here for Songwe. Then my interest in the battery stuff somewhat changed my outlook, especially as the company IMO seems to be doing a good job of progressing that particular area of the business.
In fact, if it were not for the battery stuff, I would have taken the loss and moved on by now.
But getting Songwe over the line is still extremely important, for several reasons.
And IMO it will bring fresh investment if the deal is good, so that will, I think, reduce the likelihood of a short term spike on news, as selling traders will see their shares absorbed by those who will invest on clearly outlined news - but not before.
MDA Approval and REM recycle with first production of REM from recycling activity expected in the coming weeks should result in a re-rate of this company, should we also get some news of additional funding from US, UK or EU given the strategic importance of RRE then this share should be a multibagger from here :-)
Sure, from 8.25p. I am referring to a proper number. 16p for starters.
12.49% up so far
All well and good...but IMO the market will not re-rate us until the deal gets signed.
The trust, understandably, is not fully there yet. But as I said the other day, I do not see this going deep into December, maybe week two of December at the latest, so not long to wait.
And as long as it is a deal that is satisfactory to us, not just the Malawians, then hopefully, at long, long last, patience here will have proved justified. GLA.
The radio interviews
https://twitter.com/Share_Talk/status/1723794688417624075
They will export a value-added part chemically processed product of mixed REEs which will then need to be separated into each individual REE metal.... Pulawy plan...
I like the radio interview now out on share talk where Monica says the mine life could now even be 100 years!! lol
From that post - Alex Lemon
“We are looking at a project where we are going to do value addition. We will build a chemical plant in Phalombe district so that we have a very high-value forex export for Malawi,” he said.
Maybe Mka involved in a chemical plant in Malawi??
Https://twitter.com/Share_Talk/status/1723435192390447376
A nice bit of TV footage there with interviews from Monica and Alex
It's certainly about time Mkango s Mcap caught up with Rainbow and Pensana s... it'll be the first selling commercial REE products.... anyways ought to be a festive time approaching here now 🥳
It will be funded/financed as a project and investors will take a stake in that and not the wider mka group.
So the project would be "mka malawi" as a holding subsidiary. If the project life is worth say 2 billion then they would fund against that leaving as an example 70% for mka parent.
Beauty is no dilution at depressed shareprice and should rerate on the 70% retained.
All my figures are just examples but you hopefully get the point.
Pensana are looking to finalise something similar
The US govt has been financing/loans to Malawi to the tune of hundreds of millions of $ for a number of years.
There is no question in my mind that the US is not going to have an investment in the mine. Be it equity or grant/loan.
The elephant in the room is how does MKA gear up to build and then operate the mine or are we allowed to sell the license on and retain say 10%.
I still reckon Pulawy is in play as I do not think they will be able to fully refine in Malawi the chemical process is very very technical but they will sell the chemical processing that will occur to refine the product as fully processing as it plays well politically
Again I do not think Mkango would be signing this off without the MDA being doable for any potential partner or without knowing where the funding will come from as they could have hung on for the coming Sovereign MDA play
So I think things could get exciting from now on in and blimey its about time...
completely get all the frustration here and hope that now can be positively lifted
News flow we’re expecting from Hypromag combined with this is going to provide some incredible coverage for the company. I see grant funding being no problem, either EU or US or joint.
African nations are really keen to do the processing as well as have the mines
I think Alex is playing this as in ... look we are giving you the processing too!
Which is half true lol it is not the final product but indeed is a part processed one creating good political wins for the Ministry who can say look we get to do the processing too which means more jobs