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Outstanding news
Tremendous news, Personally I reckon we'll be bought out as this is probably the best complete REE facility in the world including the patented hypromag process! Brilliant!
Value ten fold of current market cap, easily!! IMO
MDA opens the door to financing of mine being signed off- massive step forwards
Devil might be in the detail but I like the "win win situation for the Company and the country"
Great spot. Thanks for posting. Anyone care to hazard a guess at what impact this MDA will have on the sp? Still a lot of Infrastructure and permissions to land. Could be a slow climb.
I think that's the first time we've seen a definitive timeframe for completion (by 31 Jan). Promising.
Game on.
Expect a plethora of RNS's once MDA lands
https://www.nyasatimes.com/govt-to-complete-3-mining-agreements-by-jan-31/
I feel a positive week coming
Keep offering me Dollars at 20c and I'll keep taking them.
Managed a top up this morning at 10:98p....
Gla
Yeah - thought so ;)
Just topped up too.
.
That’s what I thought at first, then I was like, things at some point get cheap enough.
I think we are there.
Get that raise out the way (assuming there is one, there r other possibilites, but all likely dilutive) and that will be time to fill your boots.
I’m buying.
Trading at sub 10% NPV assuming spot ndpr - prices well below those of study.
Cheap.
Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here
Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here
Will be many years and political wrangling before final say is approved as per my post oreviously. Possibly as long as 20yrs and discussuans with China showing interest will almost certainly create delays?
Imo
The news of a discovery of Rare Earth in Europe might finally push the politician in Malawi to be a little more proactive and finally approve the MDA.
I also read on the bbc article that "the newly discovered raw materials may not reach the market before 10-15 years' time, the LKAB mining company's CEO Jan Mostrom said. Permitting processes take time due to environmental risk evaluations"
Lastly MKA is not only Rare Earth Minerals extraction, It is Uranium, Tantalum and Titanium (from Rutile deposit). Without even mentioning with the other projects in UK and Poland
@dickie - your call but I just have.
Yup - good point that I meant to mention too - Rare Earth mining is a VERY dirty business and nobody wants it in their back yard.
GL getting that permit from the very lefty/tree huggy Swedes ...
@snkj68 - I saw that the other day - finding it is one thing, getting a mine producing is quite another and the Sweden find won't be producing for at least ten years so it's a "problem" for another day.
I was in BEM Beowulf Mining over 12 yrs ago when they moved sharply up on iron ore projects at Kallak and Routavarè discovery. However within a few weeks any gains were quickly lost wheb local indigenous peoples/tribes put in strong objections to conserve the lands where mining was proposed to protect the vast herds of reindeer. It took years to sought out and those that held on to their BEM shares lost out eventuary. It was a mess. I did sell out early and made a profit but many lost big time. Ever since i have stayed clear of Swedish mining stocks that may impact with conservation by local peoples that apparantly will not let anything affect the reindeer. It is the main source of meat consumption?
Is this a signal to BUY ....?
Any comments.