George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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https://www.africaintelligence.com/southern-africa-and-islands/2022/07/18/chakwera-bets-on-rare-earth-boom-to-fix-country-s-financial-woes,109799903-art
Behind paywall if anyone has access?
one cannot help but feel excited about next week, the worst case is we do what we have been for the last xxxxxxxxx sessions but the best case or even a sniff of a [positive rns / mda or any funding deals and like fridays swift turnaround we will be off to the races.
kind of hoping friday was a little leak and that we get a nice monday morning rns of a a partnership for hypromag or a jv for thambani, im looking for the wheels to start gaining motion from tomorrow. come on mka.
Agree nen. It’s peanuts for sure but believe me when you get an alert and your portfolio adds £13k in value all of a sudden then it’s only fair to feel optimistic :))
Still hoping we pop 20p ask. 18.9p trades are all
Buys but show up as sells.
This rise is peanuts. When the funding is done, the 1st we’ll know of it will be a huge jump in volumes and price. Always the same.
Good to see some recovery! Hopefully just the beginning, did we have a broker recommending 70p at current progress?
lets go folks. let thr rumours begin, few more buys here and we are in to the hardcore 20s lol.
so good to see a nice 5% rise after feeding on breadcrumbs. we need to push this through the 20s today. im personally going to forsee thkis :))
Bit of interest on tsx opening!
MKA is just following the rest of the market. This is how markets work, they shake people out at lows so others can have your wealth. This is literally how wealth transfer happens and it's all over AIM atm. It's why for example, shorts always increase the most near the bottom, that's the moment they want shares the most, to buy back and go long.
MKA is fundamentally in an exceptional position. Nothing has changed. It's always needed funding. It has truly global support at the highest level.
Mailbright, it's not a malicious portrayal by MM's, your buy prob marked up the mid-price as soon as you hit the buy button, so by the time your transaction was displayed the mid-price was higher and therefore the system assumed it was a sell.
Given what Putin is doing to the world at the moment, we’re all in for a long wait. I agree Malbright, it has immense potential but someone still needs to pop a cap in that bald t@&ts forehead before the world can work towards any kind of economic stability.
To be honest malbright06 ur lucky it’s showing up at all. The amount of trades being delayed, put through different days and times has been very controlled and definitely sneaky here for the last 7 months. I’m just glad we r invested in a legit business with real people otherwise this would have made the perfect hustle. Would like to see a push up towards 19p today but volume is low.
My buy just shown up as a sell. What a fiasco
Despite the agony of seeing the price ravaged these past months and despite the acute embarrassment of having had friends and relatives investing their hard earned cash in this stock on my recommendation, I like others retain absolute confidence that Mkango must be one of the best stock picks of 2022. Adding to my already substantial investment I bought another £5K today at 17.99p. When the MDA drops and funding becomes clearer we should see the base established for an exciting run.
Super. Just want to make it clear I have a lot of respect for u mate regardless of what our opinions are. You are a very knowledgeable and informed poster with respectable views so what you say certainly gets my attention.
I went through a phase of being really negative about Mka but that was because I wanted songwe sold overnight so I can retire lol.
I have realised that things take time especially when waiting on a asset to mature and it’s not like a casino where I would put it all on red.
Let’s hope today can be the start of a kick upwards.
Good luck to everyone with the choices they make. Let’s all make lots of money on this Mka horse.
Munch
You are right. We know how good this is. The market will know soon enough. I have waited years on this so a bit longer is fine.
Super , your tone has certainly changed somewhat surprisingly and especially after telling others I was trying to trade this share with my posts hoping it would influence others, my 21m followers r real :))
Why would COTEC come in at 27p ? Or HNW buy around 28-32p if that dates they fade if TRI purchases is correct ? Talaxis were forced to give up their rights in songwe, coincidence perhaps ? Pre-agreed deal with the US that didn’t want any type of Far East related involvement?
The proof is in the pudding and everyone makes their own choices. Ok …so they might have fallen behind on timescales but I can’t think of too many mining companies in Malawi that have submitted an MDA for such a critical mine of huge importance.
Rest assured them morning coffees are finalising the MDA on a daily basis. It’s not like Australia for eg where they must have hundreds of applications being processed all the time. This is a first for Malawi.
The problem is not many of us know how good this is and what is going on. MM's are just treating this as a bulk standard explorer as there is not much else they can do. Just a shame we don't have a pr and ramp Crewe like 88E
It's absolutely ludicrous to assume funding will not be forthcoming. The commercial banking institutions have been to the site and a new CFO in place to handle that particular situation, need I mention it's a CFO with relative experience in the mining sector on the African continent. Now they also have the DFS to draw figures from, so it's all done above board and proper. The next marker is the MDA, and I don't expect that to be too long to follow, especially now as the Minister of Mining, (for Malawi), has also visited the site.
We may have a provisional banking assessment presented on the assumption, (no doubt in my mind), the MDA will be given to MKA.
The other avenue as CristalBall asserted, is the fact that we could easily be bought out at an offer that may be hard to pass up considering what we have and the requirement of much needed #REE material for the future and right now. In which case, YES, the sp will go absolutely crazy... and make no mistake there are those sniffing around, and most probably will make a bid upon release of the MDA!
Please note that the BoD may already have a provisional offer at hand on confirmation of the MDA, but due to NDA's may not be able to release to market.
Whatever the case, it's a win win scenario either way!
Fear of funding is all too real.
The biggest problem that confronts all AIM stocks.
But it shouldn't be too much pain for MKA, the sp is already factoring in possible fund raise?
I have consistently posted and provided the board with info, including the in situ valuation of the resource - via twitter. I am fully aware of what's there, the mining, processing and onsale costs give you the IRR /NPV.
The big issue is (and why i didn't want to see the DFS) - AIM is an imperfect market and doesn't give two hoots about fundamentals. If we have one sniff of interest from a super major, this will do cartwheels. However, based on what we know, we need a lorry load of cash , and an MDA. As i said.
im loving your shares at 5p cristallball, maybe thats when it was working lol.
it would be nice for you to mention along with the costs that we have $6.7b worth of material thats there. kind of ,makes the money required chicken feed. bought a few more today, rude not to.
(caveat - i still hold all of my shares - even bought back the 13% i sold from the 5p days). I am just realistic.
Munch - I do not know what figure you are quoting. $388m needed in terms of capex (costings within the RNS below), it is not unreasonable to assume that over the following 3-5 years until we have sustainable production, there is another $100m needed in terms of operational expenses. When i read through the RNS, in my head i just remembered c500m. that's all. nothing vindictive.
Capital Cost Summary
Total Development Capital US$ million 277.4
Contingency US$ million 33.8
Total Development Capital Including Contingency US$ million311.2
Sustaining capital and reclamation US$ million 77.6
Total Capital Expenditure US$ million 388.8
Bought in yesterday because of the eyewatering value of the Songwe deposit and close to finishing approval process, which is quite likely and a value inflection point (in my opinion). Unfortunately this means a 20 - 40% drop from these levels because I'm invested now. Apologies for the inconvenience.
$500m ??? Lmaooooo. Where did you get that figure From? They only need $230m mate. Time for you to get your head out of the cristalball because it’s telling you lies.
Need the MDA signing. Need to find $500m from somewhere to build the mine. that's the critical path.