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A sale is the best option for us to maximise our return. If we go ahead with the projects using external finance and grants we will still need working capital and that means placements. Let's see what happens.
So down it goes with hardly any cash left and God knows how many more milion will be needed in working capital to bring any of the projects to a cash generating stage. The projects are brilliant and the potential is massive but the market knows that they do not have the resources to complete anything without help from partners.
I do struggle to understand the Talaxis deal. With this deal they would fund the whole mine con and give us a risk free share.
Hooray: but then Mrs M said...so you bought in at c30p but now it's really happening so soaring to 16p: it's a good job you arn't in charge of the housekeeping! And what is it they do? They do digging and stuff...you just don't understand... go get my supper.
My VanEck Rare Earths ETF is moving nicely so I suspect we're close timing-wise - just need China to throw a faux hissy fit over Taiwan and then ...
Glad you didn’t wait for 14s mate. Took some more myself at 16s. Happy to wait here. Obviously you don’t get governments falling over to be a part of your asset for no reason. Having said that management need a big size 13 up their …. To get a move on especially on the financial sides.
I took some this morning - wasn't easy to buy at 15s.
This is worth 60p on the current issue so happy to add at the mid-teens level I mentioned last year for the 4x ...
Bonker. U can never say never but 15p bid was hit this morning. Good buys coming in. No point waiting for another 5% -10% drop when these could put on 30% or more within a session or 2 from current levels.
It’s in uncharted territory at the moment and shrewd investors would be buying at these levels.
Good luck with whatever you do mate. We are all here to make money …..well we try to :))
I expect them to reach for 14s mate.
Looks like we could end the day in blue. Wouldn’t bet against it.
Nearly there chaps.
When they do need funds they always do it at a premium or via some shrewd investment scheme
Cotec are signed up for £1.5m so I don't think cash is an issue, if it is the last few have been at a premium so could be a good thing Sp wise
Let's hope so
Super. I mentioned before the £500k would be going. They can easily raise at current price or above. Nothing to worry about here. Emotions get involved no doubt but overall we are in safe hands and investors would jump at the chance to buy up a decent stake here. Looking for a bounce past 17p again this week easily. Stay positive folks.
'going concern' is standard and has been in the accounts for as long as I can remember.
I don't believe funding is going to be an issue with what we have.
Munch
Have you read the financials? The cash is gone and going concern is mentioned. If there is a takeover going to happen it better be quick before the placement. It's going to be a tough week here
Finally. The flush is on. This is it. Time to buy what you can at current prices. Everyone apart from some are under water including the the big investors. Kind of glad this is taking place as something needs to give. Takeover on the cards 90% I reckon. Interesting week ahead. !!!
Agreed Munch. We need a juicy RNS and now. The market is treating nearly all AIM mining companies as junk and elsewhere alot of my portfolio has crashed as projects are shelved on funding fears. We should be fine here, but the market needs to know this from the bosses by way of an RNS. Imo I am hoping we get bought out at a decent price and let someone else take the risk in developing the mine.
August is always quiet. News flow will start next month.
Good luck mate.
This actually shows Cotec ambitions with investments 3x and 5x already apart from from Mka. For them to invest in Mka they must be looking atleast 3x also. It’s a long slug but trust in the asset is what’s required. Important week ahead. We need to break 20s. Let’s hope we start tomorrow with a stinking rns. I’ve let Mka Twitter team know what we think as investors so hopefully they will start to get the gist. Here’s to next week and beyond !!!!
Already a few days old, and not very spectacular, bt nevertheless:
Mr. Julian Treger, CEO of the Company commented: "Events in the first half of the year have reaffirmed we are on the right track. The unfortunate war in Ukraine has created real shortages in certain commodities which technologies that we have secured access to could help solve. The spike in energy prices has made the shift to greener lower carbon solutions more urgent than ever. The end of globalization and global just-in-time supply chains are adding to strategic commodity demand and the weaponization of commodities by Russia means that it is more important than ever for the West to have security of supply and independence with respect to strategic minerals. CoTec could assist in this process."
Our three portfolio investments are doing very well and two have increased significantly in value in a short time. Binding Solutions Limited is progressing rapidly and its revenues are much higher than last year. It is currently looking to raise funds at approximately triple our investment cost. Magiron LLC continues to expand its asset base and could play a major role in creating green steel independence for the United States. It is looking at raising capital at more than five times our recent cost. Finally, Mkango Resources Ltd. is building its pilot plant in the United Kingdom to demonstrate its green magnet and rare earth recycling business at scale."
That 100k block buyer is welcome to continue on Tuesday!
Getting closer people!! Exciting ??
Vascular. I would agree only if they were insiders or knew of the MDA delay. Any outsider wouldn’t dare do it especially with RRE & mka always in the news / tabloids.
It’s a fair point. Why don’t the directors buy ? Open market? Personally my rule number 1 is “ don’t trust the market “ so anything could be afoot but looking ahead mka seem too much of a professional company with people hoping to make big names for themselves from its success for any dodgy dealing of shares to take place. Remember it’s millions of shares they have been sold and with the last TR1 about 6 months after the trades took place I wonder who’s buying / selling the current load.
One theory could be that the share has been shorted since January 22.
If you think this is crazy talk then look at the charts since January and you will see quite clearly anyone able to short this share since then would have done brilliantly, especially in todays market climate. This does not in anyway detract from the fantastic opportunities here - but could be an explanation why peeps have been "selling" at some apparently crazy prices this past seven months and the share price has responded. Just a thought.
Parker, I don’t personally think it’s the Russian investor. This has been going on for about 7 months now with decent sized sells of 70ks 100ks and regular 50ks. I don’t understand how they can sell at these prices unless they purchased at 6-9p.
It’s very strange especially when we are on the cusp of such great news.
The MDA is going to take whatever time it does and I for one have hoped it’s sooner rather than later.
I just think this all boils down to a buyout. There’s no way we would be this low especially when the market knows what’s coming. I think it’s fine tactically to force sellers and also get Mka on the cheap. The funding issue was rns’d and how commercial banks were in talks …. Mka seem to have gone awfully quiet and it’s because something huge is in the background. Them banks could easily have come to the site on behalf of Totalenergies or the US via jonas group. There’s just too many big players involved with this asset / company and its nailed on to double / treble in price over time or a takeout which is my bet now.
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