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I am not so sure. There are two major hurdles - MDA
I watched with interest the GGP share price today after it confirmed mine finance. I know the MCAP of GGP is higher but it could not hold onto a 10% gain. I think my expectation of seeing 30p here again is pure fantasy. Any other views?
Bought a few more under 12 and will continue to add down here.
Might have already been posted.
https://times.mw/government-wakes-up-on-mining-deals/
Does anyone know where I can find information relating to; amended option plan, amended EMI plan, and amended RSU plans. My voting forms refer to a circular, but I cannot find this on the company website.
Thank you.
Had a smaller top up than yourself but got a better price of 12.2, shows as sell at 1620hrs
bought 75k at 12.24.
Still waiting Finty
Looks like Mr Market is realizing he was giving away shares too cheap.
Re-rate inbound
13p Paid
Looking a bit better, suspect we will attract new large players here
Newton (ex HSBC) was adding at 18p not too long back, taking his holding to over 4%, hopefully he will be back and looking to get a bit more like the rest of us
Superb news yesterday from COTEC, a really great supportive partnership underway and they must see tremendous value in HyproMag
HyProMag news from yesterday, pilot plant to be commissioned in 2023
https://www.birmingham.ac.uk/news/2022/pilot-recycling-plant-for-rare-earth-magnets-launched
Last night some 15000 shares traded at C$0.185 (source Yahoo Finance), the low of the last 52 weeks; total value only £1850. At exactly that level share options are granted. Tssss.....
Btw: I put in an order to buy only 14500 shares (rounding up to a whole x100k), before opening of the market, limit C$0.185. Execution? 1000 shares only, at C$0.185, whereas -again according to Yahoo Finance several lots of 500 shares and 1 lot 0f 13500 have been traded before my order got a partial fill. Very disappointing.
Today's RNS offering another 350000 share options to the new finance director. smacks of yet more snouts in the trough given the sizeable share options already granted to the board and detailed in the last financial statement.
Puts me in mind of another company in whom I have invested significantly and whose board have literally paid themselves tens of millions of Dollars over the past 2 years following a listing on Nasdaq that has seen shareholders like me shafted from an listing price of US$ 19 now down to a little above US$ 7. No incentive targets to justify the share options, just "stay in the job" and you'll be handsomely paid.
Good Morning all
Yesterday Cotec advanced a further £500K as per their agreement to advance £2m GBP to Mkango before October 15th
***CoTec may extend exclusivity to 31 December 2022 by completing the £2 million (C$3 million) convertible note to Mkango ("Mkango Note") by 15 October 2022***
The nature of this is a CLN however it is only convertible AT THE EXCERCISE PRICE OF 27P, a significant premium to the current SP
COTEC could have walked away from the deal, however with MKA shares sitting at 12p they decided to double down and go ahead with a second £500K payment, an extreme vote of confidence if you ask me - they had already committed £500K but to literally double down again on the same terms at 27p and advance another £500K bodes well not just for Mkangos current valuation, but funding in the future
COTEC according to plan, should advance another £1m before the 15th October 2022 - if they do they will then have until Y/E (extension) to complete the transaction to aquire a 10% interest in Maginito (and HyProMag, which announced very good news yesterday)
They will hopefully close the deal on this transaction before Y/E (deadline 31st December 2022) in which case, MKA will transfer 10% of its holding in Maginito for a £1.5M CASH PAYMENT
Therefore, at 30th June 2022 (post DFS) cash balance stood at $1.3m USD
Post period COTECT have advanced a further £500K (yesterday)
In the next 4-5 weeks MKA will receive a further £1m GBNP (1.15m USD) in which case the CLN will be completed and COTECT will have £2m worth of options at 27p to convert over the next 2 years, +5% interest
Again, all going to plan, MKA should have the transaction completed by Y/E for £1.5m totalling (including yesterdays £500K) £3m GBP between now and the end of the year, enough to fund another round of drilling but with the DFS out of the way, I would suspect enough to see us right through until April next year (in which case, we should have hopefully received funding and WC for the Songwe Project and/or the Pulawy Plant)
It's looking very, very good here but the market is refusing to see it for whatever reason, I am unsure - I do think we will attract huge buyers once this fully digests (and maybe the extra payments come in, which should be the next 4-5 weeks)
Can see us trading back near 20p in the short term
;Lockheed said in a statement that “we are working with our partners and DoD to ensure contractual compliance within the supply chain.” The contractor said the F-35 remains safe for flight, “and we are working with the DoD to resolve the issue as quickly as possible to resume deliveries.” '
https://www.bloomberg.com/news/articles/2022-09-07/f-35-deliveries-halted-over-use-of-chinese-alloy-pentagon-says-l7rsjt36
Belfast is still looking produce it’s demonstrating model and this proof of concept still isn’t guaranteed to provide the desired results, but governments are still keen to help financially back it.
Hypromag is going against other separator specialists but their technology does this process to weights that can’t be competed against vs the energy used.
We’re fine and in fact it’s great to see an unmet need is being investigated by others which in turns gives us free publicity/
If I had a choice between Belfast or Birmingham for my recycling plant I'm going for Birmingham every time. I think we're gonna be fine. Competition is normal. There will be more magnets needing to be recycled than HyproMag could ever take. Plus... we're opening in 2023. When is the Belfast one ready?...
No I believe it just confirms the value and scarecity of the Rare Earth resource the company has.
GL.
This could be impacting on mkango also. A partner of Ionic rare earths (ixr.ax) have just received grant funding from UK govt for a magnet recycling plant in belfast.
https://twitter.com/setfire2thehive/status/1567506018158129152?t=m73YQDo3AkUiMgXdE_Szxg&s=19
Totally your choice and down to your appetite of course whether you add shares.
Technically it looks A1 - 76% Fib retrace of the tuppence to 39p drive completed @ c11p and very oversold still at 12p.
The right project, in the right place (nobody wants these rare earth mines in their back yard) at the right time and, IMO, at 20% of where it's very likely to end up, if not more than that.
These are the kind of plays you look at when it's a quid but n years after it was at a penny and wonder why you never took it back then and/or held on - the reason of course is that you probably couldn't see it/didn't believe it/got distracted by something else, it happens to all of us but IMO this very much has that look ...
2.5 years since the drop to 2.5p, 2.5 years until production starts - what do you think happens from here/now?
great article!!! thanks for posting
New recycling plant in Tyseley Energy Park, to be completed in 2023
https://www.birmingham.ac.uk/news/2022/pilot-recycling-plant-for-rare-earth-magnets-launched
Your investment is your choice. If you read through the recent report it will give you comfort in my opinion.
The MDA will take time, you may have seen the suprise of the Malawi representative who visited the site as to how serious of an investment MKA are making to the area and in an ethical way.
In addition, there is a lot of US investment about to be issued in my view and the Canadian listing helps mka
I’m deliberating adding to this to average down.
Given no big rebound on todays finance news do we think the recent fall in MKA is simply down to wider market sentiment deterioration?
E.g. Has anything changed which means we’re less confident the MDA will be delivered?
You'll find my heavily soiled undies down at 10p with Muchies sale.
More sad and a bit deranged I mean most of it is just made up!
GL.