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Lewis, it's a death spiral. No chance of them losing anything.
27p. The bigger picture is that this is a US ESG investment body. This in my view is precursor to larger funding package ahead of MDA or takeover. Note they are also committing a separate 1.5millip to the magnets project.
These guys don't throw away money on uncertainty
RNS: £500000 additional funding.
Have not read all of the RNS yet, couldn't find the conversion terms immediately. Could someone else clarify?
Another tranche of this from May:
"CoTec will invest £2 million (C$3.2 million) into Mkango by way of a two-year, unsecured convertible note ("Mkango Note") with 5% interest, convertible into Mkango shares at 27p each, providing Mkango with additional working capital as it advances financing discussions for the Songwe Hill rare earths project ("Songwe") in Malawi and the Pulawy separation plant project in Poland"
Continued investment at 27p. Wake up market. We are under 12p
That's about the strength of it ;)
Mr Market is at the door. He's got a buy 1 get 5 free offer for you. Seems like a good deal to me
Certainly seems so. 700k shares bought rapidly. I can’t even get excited. This better not be a trap. Something has to give here. Come on mka. Ffs
UP SHE GOES
:)
if I can find them I will buy more
https://www.intellinews.com/poland-s-azoty-group-suspends-fertiliser-production-as-high-gas-prices-sting-254344/ - maybe a reason for selloff in relation to Myles' earlier tweet today although as he says, you'd have thought this would be priced in already.
Ah, didn't know that.
Figures.
All I see is panic selling, can someone please remind me of the bad news we've had??
I'm rubbing my hands together tbh but I'm not so easy to scare out of incredible value opps like this and HUM.
Took another 30k today, happy to keep adding over the next six months - this one could be epic.
The whole company will eventually bring in a valuation north of £200m+ once all this nonsense is over
HyProMag is worth more than the entire current market valuation, and that has no known issues including fully funded by grants, it goes about its business expanding and proving ground breaking RE technology
The fact Songwe is now trading at 3.5p (if you remove HyProMag from our assets) is both sickening and incredible
Songwe's NPV is worth 60p for a 100% buyout IMO - don't say you weren't tipped ...
Not much we can do, buy hold or sell
These are the risks with investing
Long term it gets a bit easier to predict, current market cap now £22m
Cotec seemed happy to pay a £15m valuation for HyProMag, I've always thought HyProMag would be the future of MKA post Songwe (recycling RE's will be a huge business)
That's £13.5m + £1.5m cash, which now leaves £7m valuation for Songwe and the other assets (if we dont dilute)
Or ~3.5p (songwe valuation), back where it was in 2017 without any of the exploration work
Not sure there's any point with most of the screaming and hair pulling going on today but the reality is that regular PIs are stiffed by HNW guys and gals all the time, it is what it is.
Anyway, only they know what's going on as per so we'll all be thrown around in the waves of whatever it is they're up to with this drop - soon find out, it can't/won't stay down here for long.
Myles shouldn’t have to speak up, he’s no different to you or me. He wants to make money and if he feels there’s weakness in the charts or heats whispers saying a placing is close then he has to protect his money a do whatever he feels correct. He may even be involved in a placing so wouldn’t be able to speak up yet.
We all use the positives from the big accounts and his research is undoubtedly the best in the business but essentially, you make YOUR decisions.
Thickofit. Come on mate. It’s called investing. People invest. People have a right to voice opinions.
Nobody has posted thoughts like I have. Why are we down again today ? Another 15%
Single digits next ? Yet we think it will all come good.
Just to make you happy I’m over invested here and will look to get screwed if this goes t i t t s up but no your not bothered about that. Just the fact I post what I feel and think.
We have a major problem here and unless your intelligence can tell us a way out I suggest you listen to opinions or block me mate.
I’m not here to make friends. If no rns this week then we will keep falling and it’s got bog all to do with market conditions. Good luck. We all need more than luck right now I can tell u.
As a new investor and this being my first holding to be blunt I have enough of your ramblings munch. Tme and time again you make these huge outlandish predictions and hype up the situation when the reality is you are consistently wrong over and over again. I genuinely believe you don't have a clue on what you're talking about. Your "analysis" is utterly woeful, so please just stop with all your BS
Does Talaxis have a get out of jail card? Something I have been musing over for some time but guess it would be in the detailed text which we have not seen. This is very upsetting but I am not surprised.
Nothing but FUD under the guise of "I'm really a friend"
My guess, if you ever held, is you sold at a loss and you want to justify it through FUD here.
Cited were not hoodwinked, it was a covetable loan at 27p so, there is recent confidence between there and here.
As for myles, he needs to speak up, quick to shout out when the going is good. I understand he has personal life distraction but how long does it take yo tweet.
I've someone said, I've rolled the dice too, can afford to lose, but doubt I will.
Lewis. It’s emotions mate. Nothing to do with identity.
The fact the bod have taken this long AFTER the rns shows you that we have a major problem here.
I’m over invested and am here “til death do us part” but something tells me there are major discussions going on behind the scenes and it’s not looking good as Managment can’t get a small raise away.
The songwe asset is in a separate company that owns 100%. If the MDA can’t be agreed with Malawi and just for a second take out songwe from the equation then I can see a raise at 5p.
I know as investors we don’t want to think of this but mka technically is built up on the songwe asset. If we can’t access that asset for the time being then what’s to mka apart from Hypromag that needs major funding ?
Rest of mka assets need major funding and it’s why myles has sold out in my book, he’s awfully quiet and that says something.
I’m prepared to go all or bust here but be rest assured I’m holding on for dear life but the bust element or major issues surrounding this asset are not far away as we think.
I think the bod pulled wool over Cotec and Managed to get £500k yet they hired a cfo for what exactly if funding is an issue ?
If we don’t get an rns this week I’m expecting single digits. How much more can we take ? I think the price action is telling us a huge warning sign yet non of us want to be warned.
Still holding but very very fearful here as there is nothing to mka apart from songwe and the rest of the portfolio needs more money and maybe another 4-5 years to prove up ?
All I’m saying is we need to open our eyes to all possibilities.
If it was as rosy as we think then why haven’t the bod acted?
Why haven’t they raise me by now ? Maybe they can’t because Talaxis won’t want to be diluted so then what happens ?
No MDA and no raise ? Someone could walk away with our asset for nothing.
Frankly honest I’ve written off my investment and expecting the worst. Just how I see it now. If we dare hit 9p and then 8p we can’t surely be saying the same positives …can we ?