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Good start. We are blue.
Nothing to do with mka share price.
As you all this speculation. That's exactly what is. Speculation.
I'm holding strong. Mka should move back up with good news updates.
Good luck Mka shareholders
Could well be the reason behind the swift recent decline in SP. Someone always knows before the plebs. All speculation is circling around the question of funding, placing, buy-out, so there must be something behind it
Irrelevant to Mka. It’s small money and they will pay off the fine. They have enough money to buy many Mka’s. Also the 33% ain’t worth much. £10m. It’s nothing to worry about or post on here. Let’s move forward on a positive note.
Noble owns Talaxis. Is their fine behind financial delays and MKA doing a raise to plug the funding gap ?
Singapore Authorities Take Actions Against Noble Group Limited and Former Directors of Noble Resources International Pte Ltd
mas.gov.sg
Singapore, 24 August 2022… The Monetary Authority of Singapore (MAS), Accounting and Corporate Regulatory Authority (ACRA), and Commercial Affairs Department (CAD) of the Singapore Police Force (SPF) have concluded their joint investigations into Noble Group Limited (NGL) and Noble Resources International Pte Ltd (NRI), which was NGL’s wholly owned subsidiary in Singapore at the material time. The following actions have been taken:
MAS has imposed a civil penalty of $12.6 million on NGL for publishing misleading information in its financial statements, in breach of section 199(b)(ii) of the Securities and Futures Act (SFA).
ACRA, in consultation with the Attorney-General’s Chambers (AGC), has issued stern warnings to two former directors of NRI for failing to prepare and table annual financial statements in compliance with the prescribed accounting standards in Singapore, in breach of section 201(2) of the Companies Act (CA).
Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “Materially false or misleading statements by listed entities have no place in Singapore’s capital markets. If left unchecked, they will erode investors’ trust in the quality of information released by issuers, and have an adverse impact on the integrity of our capital markets. The present action demonstrates that MAS takes breaches of disclosure obligations seriously and will take firm action against persons found to have fallen short.”
A (undesirable) sale has been mentioned by a couple of posters. What would the likely price be? I assume we would we gain from current valuation. Not had previous experience to draw on
All of this smacks of in fighting to me. Think about it. We’re on the verge of something massive so it is highly likely the daggers are out. The devil is at his most dangerous just before the dawn. Any number of things might be happening behind the scenes but I bet we’ll see something similar to Alien metals recently. Board members get antsy as they sniff success. Blood is easily spilled. My own opinion is to sit tight and prey they don’t sell us, the shareholders, down the river. But such is aim.
yes that is true. we sell, hold, or buy. that is all there is
Sell up then. Or wait.
well I guess my point would be that I think the company needs a new ceo. mr dawes seems out of his depth at this juncture. we need someone that has experience getting a junior miner up and running
I do blame the Board for the slow pace the DFS was completed despite it being fast tracked. It took years and we have still not had the Feasibility study for Poland or the rutile results which where sent off nearly two years ago. The Board are happy to drag things on as long as they get paid.
As regards the mining permit they should have applied months earlier so it would be ready with the DFS.
As regards funding, no one will lend until the know what it covers such as permitted tonnes that can be mined each year.
As regards the Talaxis deal. Clearly the market does not view this favourably as we lost our free carry to production.
I have to say it but the market does blame the Board who have failed to adapt to the global crisis.
There was an update yesterday.
Or do you mean for funding (not ready to be announced) or the mining agreement (out of their hands).
You are right, it's the boards fault...not.
End of day, I hold pensana, even worse by timelines announced and missed. Nature of mining.
Failed timescales and lack of updates are huge no no for an AIM minnow in any market but in this market, it’s catastrophic! No matter how good the BOD perceive themselves to be, they are failing in the comms department. BOD used to respond to PI’s but just blank them now so I guess they think they are too important!
I'm going to sink a few peroni's.. nothing to do with the share price, I just like Peroni. When this takes off like a rocket on funding news, I will again sink a few Peroni's.
We are totally in the hands of the BOD here! Lets see if they sell us out?
Anyone got a shirt I can borrow?
Everything is down 50% since January. Knob all to do with management.
Just emotion
Agreed 100% silver. It all seems engineered for some reason. World class asset + high profile investors at prices nearly double current sp …yet the silence is deafening. Makes you wonder what all the government involvement with this was along with the fancy tweets. Surely these guys have enough credibility to pull off a decent deal. Myles seems to have gone quiet also ….not like him. I believe and sincerely hope they issue an rns with funding complete even if it’s short term. We need to see the 20s again.
lack of leadership being shown by management here
No worries, I agree, but its all linked. I am sure they can fund this, if not already have.
Also I wouldnt annouce any news in the current climate until it bottoms a bit more. It will be lost otherwise. Everyone is guarding their pennies.
I have upto 30k waiting on the sidelines across Rainbow/MKA and pensana. I am waiting for funding first. I may miss a few pence but I doubt it as people will jump ship on a trade son after a rebound.
I will at least have derisked confidence though.
Apologies. Read the message wrong Lewis. They managed to get £2m from Cotec with no problem. The mine funding would be obviously bound to the MDA but cash flow raise shouldn’t be a problem at all especially at current levels.
Not bound Lewis but certainly over invested. Still remain hopeful we get a huge bounce from here.
Hopefully finance not bound to MDA. Might be a while otherwise
Ok so most of us are under water and in my case drowning.
Talaxis deal ? Where do they stand ?
CFO- £700k at 24p
TR1 investors? Honourable ones
Cotec - they invested in hypromag at a £15m valuation which leaves songwe at £20m or so.
Absolutely being robbed by the market. Hold your balls fellas …..or whatever is left of them. I’m certainly shook but holding out. Don’t have a choice really.
Reversal inbound I hope with a raise complete. I’m sure they are going to announce a funding deal within days so that should see us rise again. If not I’m off to live in Belarus.