Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The share price chart and developmental stage of this company appear to be following the classic Lassonde Curve - MKA are in the trough of the "orphan period" at the moment, where speculator PIs have left as we await news of the MDA and financing.
The current market cap, the company's assets (Songwe & recycling IP & exploration portfolio) and macro backdrop (non-Chinese NdPr supply chains urgently sought by US and Europe ASAP) provide a compelling investment case to my mind.
Some interesting g movement today. 11.75 paid. Slow and steady volume let’s hope news is on the horizon here. This share deserves a move back up given what’s about to come out of the ground. Come on Mkango, seal this deal with Malawi and let’s get cooking. A major rare earth mine with western backing announced right now would be a sensational piece of news and would really raise a stiff middle finger to China and Russia. Keep the faith here long term holders and newcomers. This share will deliver within six months. GLA
https://malawi24.com/2022/10/17/unima-students-tour-rare-earths-project-in-phalombe/
1. General overview
Malawi, a land-linked country in Southern Africa, has enjoyed long years of peace and political stability coupled with a vibrant democratic political system. Recently, the country ushered in a new Government following elections in June 2020. Under the new administration, the country has continued major economic reforms to spur increased investment and trade. Priority investment areas include energy (especially green energy), mining (including rare earths), agriculture/agro processing and tourism. Currently, agribusiness continues to be the largest sector with tobacco, tea and sugar being principal exports, but other fast growing sectors include energy, services and mining. Malawi continues to host over 50 FDI companies with some major ones from the UK mainly operating in manufacturing, agriculture (including agro-processing) and mining.
If you google above you will see a big red flag,,, rife corruption.
Africa can often be a lose/lose.
The vast majority of explo companies fail and the few that find commercial resources to warrant mining and infrastructure being built often get "acquired" by the Govt leaving investors to whistle,
I suspect with the current prevailing headwinds ,Africa ,like S America,will become an increasing bigger basket case unfortunately.
I recall this happening in Botswana some years ago when that was perceived as stable and investor friendly.
https://www.nyasatimes.com/moving-the-malawi-economy-forward-pieces-of-advice-to-excellency-chakweras-government/
A decent article, understanding towards the issues and explaining the challenges Chakwera’s Government face during these tough times.
Excellent find again Leister, and superb news looks like our MDA will be finalised soon, the other MDA in question appears to have more problems
“Both agreements are in the office of the AG now. We are waiting for him to do his due diligence. We cannot tell when he will be through but we hope it won’t take much longer,” Mbawala said.
https://t.co/gjg5t5Xq2k
My mistake, I was referring to this link.
It’s new news today Finton
I think that's a press release from March?
It definitely is good news, the future financial backers will be overwhelmed to know this type of issue is relatively short lived. Just in time for Cotec to commit itself further!
That's very good news
I didn't read much into it and wasn't 100% on whether them stopping production meant the JV was on ice, although I suppose it would make sense, you dont want your JV partner to be in financial difficulty so this is very welcome news
Come on Cotec, show us the money
Could be in for a cool £1m this week if all things are as planned
Another interview from Will Dawes link attached - https://youtu.be/-rWXu1HjuEw
Correct me if im wrong, but i'd say at that time 11p would be a sell... a buy would be around 11.8p
Is there any way to tell if an 'unknown' trade is a buy or a sell? (apart from maybe an influence on share price).
Thank you G6. Great interview
Finance and MDA news are required to spark interest. It is beyond belief the current SP and MCap compared to similar peers e.g. Pensana x6.
Pensana have a FEED in the bag of course, but they dont feel far from each other.
Any co needing any kind of finance as a going concern is a big drag also. Its across all miners, Lynas are down 30% others hammered more.
A game-changer RNS with £ attached will drop and all those who sold at a loss will kick em selves...that's the AIM game
Thoughts whilst watching.....
Positive, positive , blimey fertiliser.cement, positive, positive,
How the heck is this at the price it is - not one trade in 5 hours.
Long term plan - scoop up as many shares as possible.
nm
Good interview with MkangoResources CEO, Will Dawes. Link below - https://www.youtube.com/watch?v=-rWXu1HjuEw