We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not at all, been watching a while and want to buy in. Only question for me is whether there is a cash raise coming and thoughts on that by much more knowledgeable LTHs is helpful. Got some helpful feedback thanks .
Funny how you get these random posters who have only commented 3 times, x2 today out of the blue re cash burn.
Strange folk about with agendas that trigger when an sp rises. Almost as if they are paid to spread the FUD hmmm. Ask yourself why
Burn rate is not the same, big chunk was environment report and money needed for magneto to get grants in Germany from memory.
In their video on website I am sure they said money for 12 months after June.
Also states funding preference of grants and strategic partners.
Assumed so, appreciate the journey you have had. I could of course get this wrong but I am more confident here than with a lot of other cos in this market space.
I continue to add, got a few more earlier.
£4m June
£ cash in June and £2m in September, must be running on fumes by now unless I missed something?
You know what Lewis, you’re absolutely right. Pure frustration coming out there and it’s not adding anything but a laugh. I very much believe in this company and I’m going nowhere.
That whyafrica article says Lotus' MDA has been signed...
Damned if they do or dont Tuff? If you have lost sight of this opportunity why not just move on yo another stock.
I'm all for debate but you are at the level of passive cynicism.
Side note: MKA should be shouting about the 3000 magnets and plans for middle East, not just cotec.
PR needs work. Or is there a broader announcement pending. I think do. Feels akin to closed period given the low sp discounting MDA completely and no director buys.
My take is it will move up quickly soon
Anyone find a recording of the Cotect update?
“In the process” hahahahaha. Some process.
"In addition, the government is in the process of signing a new MDA with Mkango Resources for their Rare Earth Project at Songwe Hill in Phalombe"
https://www.whyafrica.co.za/reforms-boost-malawis-mining/
Great update.
SIDE NOTE. What is going on with spread at moment. Feels like an upward pop is on the cards with a few more buys at 6.5p
Short and sweet update, worth a listen. Julian says he's been super-busy! 3000 magnets produced in B'ham already. Bullish on Hypromag in North America, potential to roll it out to Japan and Middle East in time.
MKA seem keenest on progressing Songwe. Looks like the MDA is nearly there. MKA have backburnered its rutile in favour of REs even though there's market enthusiasm for rutile (Rio Tinto's stake in SVML eg). PRE has substantially progressed funding of Longonjo (RE Angola).
I for one am "super excited" about this today!!!
Malawi is as Malawi does
We all thought originally we were investing an a stable landscape however the last few years have really hammered Malawi hard, from the cyclone and of course inflation due to mass QE and 'all at once' re-openings.
The ministry are taking as much time as they can with these MDA's, for reasons unknown. At first we they blamed the Paladin deal, to never happen again, however Songwe et al could all have been looking at production in the next 9 months if they had agreed terms early on. Now it's going to be at least 2 years, maybe longer as the investment landscape has collapsed, arranging finance will be much more difficult today than it was in 2022 - so Malawi has truly missed the boat, well at least the first boat and we do hope another comes along. The sad thing is, its the locals that suffer the most whilst the politicians make it look like they are playing hardball, but where do you draw the line between hardball (a country that has devalued its currency and been bailed out by the IMF) and investors who want to progress mining operations on your territory and take all the financial risk?
Hence, MKA should be in no rush to begin operations, the investment has zero value on the books and is simply an ongoing cost that we should mitigate as much as possible.
there’s nothing brewing but a continued collapse of this share price, which is truly baffling. and for those of us that believe in this it’s an opportunity really. but that opportunity obviously still comes with substantial risk. no doubt we have a valuable proposition and colossal unrealised resources, but malawi are displaying kindergarten levels of ineptitude. there is absolutely no guarantee this government will honour any commitment they’ve spoken about to mkango. i genuinely believe they are keeping their options open and using the war as winding rack. the bod must be pulling their ******* hair out.
Who is Al and flo? Sounds like someone’s been on the wacky baccy 😂
There is something brewing, the spread is strange, looking to shake out on the bid.
Wouldn't it be great for a joint update ftom cotec and mka on Monday.
18th march probably get more info from them
https://events.6ix.com/preview/cotec-market-update-2
Yeah, a very big buy for last minute Friday. Is this a sign?
That's a big un.
"The Ministry is working hard to finalise the MDA, despite the need for patience due to numerous stakeholders, aiming for the MDA to align with the interests of Malawians, the government, the company, the American Department of Defense and investors"
Fixed.
Momentum building.
Excellent posts from you this week Lewis, well done.