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I think a few stop losses were hit early doors at 13p.
All sell today have been picked up, I wonder if they will ever raise the price.
What an absolute disaster this is at the moment. God only know what’s going on behind the scenes but you can bet absolutely none of it is bearing our investments in mind. The neglect and miscommunication here is enraging. MDA supposed to have been finalised in July. What the hactual f@*^ck are this company, and the Malawian government playing at. I bet there are murders going on behind the scenes.
Either way as I said earlier not long before we see the colour of the cards. Strange ad management have proven to be shrewd in raising money. Clock has ticked in my opinion. Rns within days
*correction Talaxis 24p
Same here
We will see, at least we will all be feeling it
DL added £700K at 24p
Talaxis moved all their holdings in at 27p
Cotec have already given us £500K at a HyProMag valuation of £15m (with 27p CLNS)
Newton was adding between 18-20p (added 1% of the company)
if all of the above are happy to do a discounted placing at 12p or below 12 months later (or less) then I dont know what to say, I will be truly baffled
Copy that - if this ain't the bottom then it must be darn close to it.
May regret it, moved some pieces around and increased my holding at 12.4p over couple of trades.
I doubt I will regret it!
Agreed. Either way this is well oversold now IMO
Yes very little forward selling if it's a placement. I think it's market panicking and causing the drop.
Yeah this is a strange one. Drop over the last couple of weeks is on little volume, if they have organised a placing there doesn't appear to be much forward selling going on (which you would expect).
Only thing I can think is financing is at 10p.
As for who is selling at these levels, possibly those who have been in since sub 10p days.
Would note however, very little volume responsible for drop.
Also the assets are exceeding market cap in my view. If I had additional funds they would go here
At the rate we are going we might just break 10p by the end of the week. There's something very odd going on here with these sell trades. Who could possibly be in profit selling at 12.50p now.
Im being bombarded with texts and emails from family and friends who I advised to pile into Mkango. Week after week, month after month we don't get any further news on the funding proposals to get the plant up and running. How long does it take to negotiate an MDA first ?
If as Munch alludes, we get taken out by a larger mining conglomerate, at what price will the current board accede. With some finance already agreed by two parties at both 24p and 27p there has to be some confidence that we who are currently drowning will get to see the sunlit uplands.
Meantime my hair shirt is getting a daily wash !!!
LOL you can't be down more than 100% ... it's mathematically impossible
this is not a normal retracement. we have been taken out behind the garden shed and been given a sound thrashing
Think we will get a leak as usual and a 10-15% rise before the rns. I’m still hopeful we break 16p this week. The good thing is I suppose we won’t have long to wait either way. They need to issue rns. Let’s hope the MDA gets sorted around the same time. Then it will will be 20s for sure.
Sideways for September I think mate but stay with it IMO.
I’m expecting an rns tomorrow to clear up the funding issue.
Also I’m hoping for a 10-15% move up away from current levels towards the 16-17p area.
Interesting week ahead to say the least !
Professor Allan Walton @unibirmingham and Will Dawes, CEO @MkangoResources had the pleasure of being interviewed by @DrDavidGK from @bbcmtd at @bhamenergy #RareEarth magnet recycling facility - the first of its kind in the UK ???? #HyProMag #MKA https://twitter.com/Share_Talk/status/1566025553488011264?s=20
And I hear Myles’s wife just had a baby so he’s off radar for a while. Not even tweeting on Avacta.
The only people we need to focus on here is the BOD. Like I said we are in their hands. Are they on our side or lining their own pockets????
Interesting interview. Talks a bit about Mka and Atm..
https://audioboom.com/posts/8150621-john-meyer-metals-prices-have-softened-but-it-provides-opportunities
Good publicity
Hoping for a better week next week. I'm getting fed up being hammered left right and centre
Will Dawes just been on TV. Short clip on magnet recycling being led from Birmingham!
MKA is in Myles long term holdings (like he stated on twitter) and is still his second largest holding.
Just quickly. He’s not too much of an expert as he’s taking. Pounding on a number of his investments. Kind of glad he’s out. He’s been like a curse on most of his recent investments. 4d pharma. Avacta. Mka. Just to name a few.