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The market was only waiting for this raise... I'm still in profit ... maybe it will not fall to 5p after all so my dry powder will have to go in at a higher sp... oh well :)
I think we are going to get some MKA media they have posted nowt on X or LinkedIN yet... vid incoming? I reckon
"The Company has completed a significant cost cutting exercise in recent months, whilst streamlining operations to focus on recycling, which has enabled a significant reduction in the ongoing capital requirements for the business"
They have always ran a very tight ship. This indicates funding through 24 for me when revenue visibility will be clear.
Sit back, enjoy and get more each month on pay day imho
The interesting angle is US defence.... Cotec told us about this and remember the Chinese have blacklisted selling any RE products to a list of US defence companies I do believe including the one Cotecs new superman used to work for
It is possible to now make 100% recycled magnets with full as-new magnetic potency and even then recycle those ... HyproMags research never ends...
Looks like nobody is flipping those new shares although most will have already been forward sold at 6p+ no doubt.
It's derisked the cash position - we all knew they were likely running on fumes so that's fair enough.
The DFS arriving in H2 will give us the profit numbers and the all important NPV numbers with Neodymium price sensitivity analysis etc - that's when I'll be able to apply mcap-per-site valuations to the mcap here - I'm flying a bit blind on the recycling side until then but it was the c40p valuation of Songwe with Neodymium at its prior high that caught my attention initially of course :)
All nicely timed this I must say - H2 could be a bit special here ...
It has derisked the business significantly as it move towards revenue in H2.
MDA will land and I would guess processing plant deferred slightly as the market is in the doldrums anyway.
I would like to see info on the margins from the 50mill PER LOCATION with that based upon 100mt per annum. INITIALLY.
IMAGINE, top end (350mt) on the back of rising NDPR prices predicted at the backend of 24 into 25.
Then Germany comes online. Then the US with all of that lovely grant funding
Will is just having to average down like most have had to here :) but that is a serious amount to put on the line so I expect he knows where this is heading or he is heading for a divorce :) .... the price of 5p is rubbish we can all agree but at least they did not end up needing to dilute their % holding of HyproMag- otherwise known as the goose that lays golden eggs
I'll be buying the dip - don't worry about that :)
"As part of this process, the Company has decided to launch a review of strategic options for its Songwe Hill Rare Earths Project in Malawi as well as the Pulawy Rare Earths Separation Project in Poland. Mkango believes this strategic review will help maximise returns for its shareholders whilst it seeks to expand its recycling business."
I'll assume the above means they're going to JV/sell Songwe/Pulawy following the MDA arrival and go 100% recycled unless others think otherwise - could be a relatively quick deal if the US DoD are interested?
Someone is clearly buying up the drop, it's basically back a couple of weeks.
I've been hit by a few of these crap placings in the last few months. I guess you either believe in the end game or not. If you do its a good price(whilst you cover up the existing value of what you've bought) and if not you bail.
Small Caps at the minute are a s.h1.t show. Those with money to lend have all the cards and, stupidly, a lot of teh small caps are leaving it far too late to raise - especially pre-revs companies.
There is no point crying about it. It's done. Still far from impressed.
Morning,
Not sure what I make of these alleged buys by the CEO tbh but let's keep with the positive.
That's put the cash issue to bed for a good while and, yes, presumably the MDA will conveniently arrive in the new tax year - chartwise, as I've shown recently, I expect Neodymium to bottom in the weeks ahead and it's a loooong way back up (4x) to its prior peak from here.
Still all to play for then be it with a bit of the usual AIM whiff.
That’s a tough hit for 4% dilution
They will get the MDA and hold it for now. NDPR set to rise over the coming years. In the meantime. recycle and earn revenue.
Its just a no brainer.
It was bleating around finance for months and not that has been dealt with and sensibly in this current climate with additional cost cutting to boot.
Buy while you can imho, I am
The Malawi licenses are not without huge value but it has become clear there can be no commercially viable MDA with the current Gov there and Mkango is simply too small a company to do everything by themselves ... The progress with the recycling and US opportunities and others that Cotec have attracted is far better to fully focus on ... But I hope we hear from Will and Alex soon
Let Sovereign and Rio deal with the Malawi gov .... And to be honest, if I were a SVM investor I'd be more worried ... the recycling business has massive potential and is already on lift-off... Will is not throwing his own money away
Said I would buy after the placing and will await the volatility this morning. This was always on the cards and at the heavy discount. Think they are fed up with Malawi govt. as well. WIse to concentrate on recycle.
I do expect some proper Shareholder communication now.... we need to know the way forward with regards to Malawi or the mining and processing in general as it looks like the focus will fully switch to recycling which is the Goose that can lay the golden eggs and soon...many have wanted that to be the way forwards for a long while
Https://www.linkedin.com/in/edward-buckley-72358ba5/?originalSubdomain=uk
Seems to be this guy Ed
As predictable as the British weather.
The only positive is the decent sized inside contribution.
Might buy a few more sub 5p and look to trade my way out of my tiny position here, rather than simply take the loss, but undecided as yet.
Hopefully some of the hostile posters who were shouting de-rampers etc in the past few weeks or so, will pipe down now. Not that I think many of that ilk even hold shares here anyway.
All I can say is... glad I left most of my powder dry... as 5p here we come again, we all knew it was coming one way or another and yes glad to see Will take 150k... I'm a bit relieved TBH
As much as this massively discounted fund raise causes concern, I think of greater importance is the comment about launching " a strategic review of the Songwe Hill and Pulawy projects". Does this indicate that they are having such problems with getting the MDA over the line or finding investors, that they might consider just getting out altogether ? By that I mean just selling the entire thing. And if so this would inevitably come with a massive discount.
Im expecting a share price fall today as the market opens, probably by more than the discounted 25% fund raise.
What a kick in the guts for all of us LTH's.
Whoever bought those 400k blocks clearly didn't know about today
Honestly, read the RNS properly. Minimal raise in bad raise climate to get to revenue generation milestones.
"Based on scaled-up production scenarios for the recycling business, scoping studies to date indicate potential to generate annual revenue of up to US$50m per site and strong margins at current prices across multiple production centres starting with the UK (100-350tpa), followed by Germany (126-380tpa) and the United States (500tpa), with other jurisdictions such as Japan and Canada being evaluated."
50 mill beginning H2, also needed for German grants.
The sp has been trading in the 5-6p range until last week.
Knee jerk at market open is a buying opportunity. Just my opinion.
Also like strategic review of malawi with focus on revenue from magnets.
5p?
F@#k off.
Pretty poor. Not impressed
Feel a bit sick this morning, didn’t expect such an awful price for such a low amount, even if it is to minimise dilution the CEO has taken £150K at 5p
I may refrain from posting on this stock again, until either I move on (sell out) or the stock recovers considerably. Good luck to all.
What a whopper of a discount for just £750k