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Think today's announcement is very positive most have topped up myself included next few days/months will be interesting and I think profitable.
https://m.youtube.com/watch?v=uSD4vsh1zDA
Topped up again
Last chance under 13p. Wow those IIs got a real bargain today.
Yup, big volume today
Someone is hoovering these up
I was already in from the last low, now in the top up zone. The lower the dips the more I buy
I'm in, just for the short term mind. Easy 50% rise I think, though long term looks like a good bet too. I had been watching this but thought I missed the boat, the placing gives a golden opportunity to get in before some key events that are bound to move this up in light of the placing already being done.
I have topped up with another 100,000 shares.
Short term this placing has dragged down the share price but I see many positives from this;
1. Funding needed to pay for mining licence/surface rights. The implication is that the MDA is coming up
2. Funding to get Hypromag German plant moving ahead, linked with increasing share in Hypromag Germany to 66%. Very positive for the long term
I see it very unlikely that the company will not get the financing package for development of the Songwe mine. There is a huge focus in the West to become independent of China of RE materials, enough that I can see government guarantees to Lenders.
Ouch but one to suck up imo. This funding also enables release of grant funding for hypromag.
And interesting that MKA talk expressly of the possibility of Songwe as a standalone project. So not just the integrated dfs next perhaps.
Imma guessing that funding will come in at 20p.
That is in relation to the Pulawy plant which is est. to cost $120m USD and the Songwe RE project which could cost close to $300m, we have been in discussions regarding funding for these with international and local banks since early last year
· Mkango is continuing to advance discussions with potential lenders and strategic investors for the Songwe Hill Rare Earths Project in Malawi and the Pulawy Separation Project in Poland (the "Projects")
I've taken a swing long in placing at 12.5p. The time is now right. Funding done and lots of catalysts lined up to really get this moving back up again
"that's over and done with now"
For how long?
" Mkango is continuing to advance discussions with potential lenders and strategic investors " = "We haven't got funding sorted yet"
Agree CB
And the timing of it, just after we received £500K from Cotec
Very fortuitous if the MDA lands in the next couple of weeks, and we conclude funding for the project thereafter, for the II's they couldn't have timed it any better...
With that being said, at 13p we have another chance to add shares at a bargain basement level
I am disappointed today I thought this management group were better than 12.5p but the future is extremely positive, management need to win our confidence back and I am sure they will
Usual AIM . The sustained selling last week indicative of forward selling of the placing shares. Age old trick - retail mugs picking up shares at 16p which the institutions are buying at 12.5p.
Morning.
No surprise to see a raise at 12s really but that's over and done with now - should be a good year here ...
I think its the MDA drag which looks to me to be to do with Malawi's internal politics but the signs are it'll get done they desperately need it for national income plus the US/West seems to have political sway over the Malawi Gov in this area and they want it done... but until its done no big deals here ... need money to keep the lights
Thankfully this RNS was released before the market opened so I was able to cancel my limit buy order (15.5p) as was expecting this to drop markedly at open, which it has, currently 3.25p down. And how are we private investors supposed to share in this placing ? It sounds like the three brokers have already sorted this with institutional investors. I cant help but feel this is a somewhat desperate measure to raise at 12.5p whereas the previous loan notes were secured at 27p. It seems to indicate serious lack of investor interest to fund this. Really to acquire Mkango in its entirety should be nothing more than pocket change for any sizeable mining conglomerate so why have none stepped forward ? eg Glencore could buy this for peanuts.
It just needed to be at 27p :)) but yeah needed to be done
No surprises with the fund raise. Now a buy.
It is do they can mark it down by 0.75p on Monday to shake the tree some more.
Odd market at the moment, you notice say 2mill volume day with mainly buys and sp doesnt move and the 100k day of mainly small chunk sells and it drops beyond sense.
There is an accumulation happening here. The buyer doesn't want to pay too much too soon.
I sense MDA news next week.
A sea of sells and then two tiny buys rise the price significantly?
Am I missing something? (Probably...)
i do not know this is coming. I expect strong buying and a nice jump in the share price when the MDA is released.
Seller at 16ish p holding this back and has done for a week or 2. Once they are out this should move to the top teens/20p. I'd expect MDA news to be sold down (we all know its coming!), hopefully financing is quick to follow.
On the month, the trend is good. Moving north despite the retraces. Let’s hope it keeps creeping ahead of news as I could do with getting nearer my average of 30 before MDA.