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If ever there was a time to use that MEL GIBSON emoji where the charge is onm and hes says " HOOOOOOOOLD" is required now more than ever.
looks like extra seling pressure today and if we can get throiugh holding 17p today we can fight it again come next week but make no mistake theres a seller out there in force and today just feels like a flush and hopefully will be the end of this seller.
in the meantime if we are wise enough we should realise this is a buying opportunity to average down.
Hi Munchbox, thank you, nice post.
Could it not be the Russian investor you are looking for? Or should we have seen a notification? I have to admit iI have lost track here.
Wrt to your expected RNSes: I could imagine the all important MDA could take a while longer, no?
GLA
Positive vibes yet again and loving the positivity being created however I don’t really wana “watch this space “ but would rather “ watch the trades” as buyers are required to push the price forward.
It is obvious Mka have submitted the full application documents for the MDA as management are not currently in Malawi so hoping for a blockbuster rns or 2 very soon.
Must admit I have been watching the sells over the last few months and millions have been sold with the seller accepting price ranges with a min of 17.5p, who could it be ? Well it could be someone who holds a large amount and have been asked to release stock in order to allow a possible takeover without having the power to block it.
It could be a forced seller however it must be someone with large skin in the game as by my calculations up to 3-7 million shares have been sold in similar amounts over the past 7 months depressing the price. That’s about 3-5% of shares in issue and there’s not that many that hold above 5-10% of Mka stock. Again this is only an assumption and something to ponder about.
Once we break 20p this time we all hope there’s a rally like no other and all it takes is one or two decent blue days to change sentiment.
Time is running out on many fronts and I really sensed last week we would see a breakout however with each day passing we get closer to the major newsflow we have all been waiting for.
Talaxis deal had a lock in period so it’s not them. Very interesting indeed. Either way there’s a change of guard going on and hypromag seems to be a company maker on its own, listing that as a separate entity is almost certain and a matter of time.
https://twitter.com/mkangoresources/status/1562718026700509185?s=21&t=qPP5ztuoDkss1qSzACfLbQ
MKA….Great to involved in the commercialisation of HPMS #RareEarth magnet recycling technology via our interest in #HyProMag - UK homegrown innovative technology developed @unibirmingham #MKA #RareEarths
BIRMINGHAM ENERGY… Yesterday Professor Allan Walton and Will Dawes (@MkangoResources) had the pleasure of being interviewed by @DrDavidGK from @bbcmtd at our #RareEarth magnet recycling facility - the first of its kind in the UK. #WatchThisSpace #HyProMag
@MkangoResources 18.5p, Mkt Cap £40m – Filing of NI 43-101 DFS for Songwe Hill is a key milestone for #MKA Songwe joins a small group of #rareearth projects globally that have progressed to the DFS stage/hold the company in good stead when looking to finance the development of Songwe https://twitter.com/Share_Talk/status/1561733409663328258?s=20
From today’s rns it looks like they are getting the legal formalities out of the way.
Still holding back company value adding info that only the insiders are probably aware of.
Looks like a takeover is on the cards here. Hoping for another rns this week as history shows MkA rarely issues one rns but in fact they issue them in 2s and 3s. Let’s hope we get further jv news on thambani or another jv agreement with hypromag.
Was also wondering what’s going on with the SCREAM project that involved major auto manufacturers and an update on that front would also be good. Come on mka.
Needs the integrated DFS
Link was from RNS
I think the 43-101 DFS report presents the DFS of 5 July in the form required by the Canadian Stock Market.
This is dated 5 July.....wrong link?
US$559.0 million post-tax net present value (“NPV”), using a 10% nominal discount rate, with an internal rate of return (“IRR”) of 31.5%, payback period of 2.5 years from full production (5 years from start of capital expenditure) and post-tax life-of-operations nominal cash flow of $2.1 billion.
• DFS is for 100% of Songwe on a stand-alone basis. Under the Mines and Minerals Act of Malawi, the Government of Malawi is entitled to a 10% free carried interest in Songwe.
• Songwe is now confirmed as one of the very few rare earths projects globally to have reached the DFS stage, with a full Environmental, Social, Health Impact Assessment (“ESHIA”) completed in compliance with IFC Performance Standards and The Global Industry Standard for Tailings Management (2020) (“GISTM”) adopted for design and management of the tailings storage facility.
• Long operating life of 18 years, with mining assumed to commence in February 2025, production ramping up from July 2025 and averaging 5,954 tonnes per year total rare earth oxides (“TREO”) for the first five years of full production (September 2025 – August 2030), including 1,953 tonnes per year of neodymium and praseodymium oxides, and 56 tonnes per year of dysprosium and terbium oxides, in a mixed rare earth carbonate (“MREC”) grading 55% TREO, generating nominal EBITDA of US$215 million per year.
• Neodymium, praseodymium, dysprosium and terbium are critical for the green transition, used in permanent magnets for electric vehicles, wind turbines and many electronic devices.
• Initial capital expenditure (“capex”) of US$277 million (excluding a US$34 million contingency) for development of mine, mill, flotation and hydrometallurgy plants, tailings storage facility, and related project infrastructure in Malawi.
• The NPV excludes any value attributable to the proposed Pulawy Rare Earth Separation Project (“Pulawy”) in Poland, which is expected to process MREC from Songwe, enabling Mkango to capture additional value via growing its integrated downstream business with a captive source of primary raw material feed from Songwe. The NPV also excludes any value attributable to Mkango’s interests in rare earth magnet recycling.
Great find profit. Again we are getting confirmation that this is bigger than we think. There’s no way these guys are standing still whilst we wait.
As I said before, there’s so much happening behind the scenes and it’s only a matter of time. Patience folks.
https://www.criticalmineral.org/post/critical-minerals-association-welcomes-new-advisory-board
Last two buys were mine so got my 54000 shares a tad below 18.5. Made no difference to the SP. Bring on the MDA soon
Is definitely on the cards here. It’s something we have overlooked. Looking back now they played it clever from the songwe deal in order to capture in excess of 30% equity and could easily offer £100m or 45p costing them technically £70m to buy out MKA.
45p wouldn’t be accepted but they surely must have be eye on an offer.
Today’s trades show a few large sells and it’s obvious these were from earlier this week as traders bail out. However it would be nice to get some buyers here.
Really surprised to see it dry up like the Sahara desert especially after all the noises being made about a tsunami of news flow coming out.
Not long to go now. Share suspension pending a takeover coming real soon …..well it’s what I’ve wished for :))
Just looking at the DFS RNS again, to remind myself of the value here and right off the bat our feasibility study found we have an NPV of $559m. That gives us a share price of £2.15 a good 11x uplift from here. Now is that a starting point for takeover negotiations or should we be asking for more? Either way, greatly under valued here and certainly good times ahead but we all wait impatiently for that red dot!
Yes, seems definitely the mm's are refusing the deal due to the volume. For a 54000 share buy they want a price of 19p, cheeky sods.
Funny how they will accept sell orders of considerably more than 54000 shares and only give the seller the bid price. Sod em.
Having real problems today trying to fill a buy order at the limit price of 18.5p which it has already reached. Cant even place a buy order on market via H&L.
Trying to add another 54000 shares so mm's are playing silly buggers.
Mkango like a Thursday RNS so who knows. I wouldn’t panic yet. MDA still ongoing and other stuff happening in the background with the company. Price is slowly improving. Let’s see what tomorrow brings
Silvermaple. My dear investor lol. Relax. Read my previous posts. This is exactly how they want us to feel. Keep ur eyes on the prize. I can promise u it will all end very fruitful. Don’t get emotional. Just set alerts on your phone and enjoy your day ahead.
.
Malbright, agree the sentiment is taking a hit, although we must all remember that every single investor from Talaxis to the TR1 holders and even more so recently Cotec have all invested at prices ABOVE the current sp.
When you have all the big players investing and paying what we have paid gives faith that it’s going to be positive rather than negative. It’s obvious Malawi gov have realised that this asset had suddenly become in demand worldwide and would want a piece of it and rightly so. The fact we are valued at stupid levels gives further faith and even the worst outdone would still see doubling of the sp.
In a big way I’m glad we are not producing or have numbers to announce as you never know what surprise could pop up. Looking forward the £500k will only do so much and the penny will drop very soon, like yourself I’m very glad my average is 20% percent higher from here and on a positive MDA we could get a 30-40% rise but I have scaled that down in my expectations to a 20% rise which will
Take us to the mid 20s or so.
It’s only Tuesday and this week has that feel to it for me. I can see a movement happening this week and looking on the bright side we are closer to 20p than say 15p.
As I keep saying we need to keep faith …..there’s $6billion worth of goods in the ground so nothing to worry about.
Tufftrader - You are absolutely right. Time and time again over this past 6 months they have missed supposed deadline dates for RNS news. I can only think that the Malawi Govt is playing hardball about the payments for the MDA approval. In other MDA's to other mining companies they've taken a handsome percentage of ongoing revenue so maybe MKango are also standing firm.
Ive just reviewed all my almost 700,000 shares across my various portfolios and I seem to be looking at averages around 25 to 27p before I get into profit. A year ago this looked like a cinch as I was rapidly accumulating in the mid 20's but then as the news flow almost came to a halt so did the share price retreat start up again.
Still long and hopeful, although my similar faith in another share of mine Tremor has taken another bath.
Must admit tufft this is starting to get depressing …..But that’s what the market wants. We all know what’s coming. Remember it’s Malawi…Uk /US are all over them. This is what shares / mms / the market does to you. When you find that 1 opportunity they try to prize you out of it. I’m personally over invested here and glad I am, this feeling is exactly like the one I’ve had before as mentioned.
Yes we would love some positive action, once we break 20p on a leak or whatever then the wheels come off until 26p.
Personally they should have rns’d something about thambani since they said they were in discussions 5 months ago. Rutile still not told ? There’s definitely something huge brewing up in the background where it’s funny how they are not mentioning anything that will add $$$’ value to the company and its assets …..only programs and small funding partners etc ….. points to one thing for me. Takeover.
Keep the faith chaps ….believe me they will make you feel like you wana just take your money and run …buy more. Don’t sell. On a personal note not that anyone cares but I missed out on £135k profit when I sold out Ithaca, that’s like 5 years worth of wages…painful. Don’t let these guys fool you.