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Sieveco - Minister of Mining, Albert Mbawala also said “We thought they were doing a joke with Malawi”
Maybe if they had taken MKA seriously from the get go the SP wouldn’t be where it is. The tweet had a serious negative affect on the sp. Maybe Ministers and officials are “in” now
The fundamentals are all here to be a huge buy in the very near future and as a long term hold
Next week will surely be THE week. Exciting times and company moving in a very positive direction. Not much else to add that hasn’t been said below. Good luck all :)
Ehzik. Depends which soecsavers you went to my friend. Markets around the world tumbling. We are holding strong. Technically we should have been up atleast 5% today but mms are playing games and you can see from the UT trades they have been communicating all day. Personally very happy with yesterday’s perfecomskce and today’s strength but you always have a choice to either buy or sell. I want to hear what international banks are doing on our site and then the conversation will be totally different.
It depends on whether your investment period is five minutes or more. Yesterday's rns has seen the sell price go up 10% from y'day's low. That's before we have seen the feasibility study. This share is in the process of being derisked and I expect the SP to reflect that in due course. MKA is sitting on a globally-strategic resource for which tge market is expected to expand massively during this decade. It's just appointeda CFO who has taken a mine in Africa through development. The Malawi minister for mining visitee the site last week and stated he was impressed by what he saw. Not what I would xall being 'fooked'.
I think we are fooked. 1 post, (now 2) no interest in the stock after that excellent news. No press coverage, no real SP movement other than spread fiddling. Zip, nada, zilch. Whodathoughtit . Very disappointing
No ramp intended, but the clear communication between the MMs is showing us they are in panic mode not ready for the pressure thats coming their way, alot of trade values being pushed through below a nominal trade fee suggests they dont know how to handle whats about to drop.
i am still thinking we get 8% min move up by close and on a red day like today thats the equal to a 15% move. what timing of that rns...bravo.
theres no resistance until 23p so thats looking to be hit on monday, personally i would prefer a tuesday /wednesday rns so we get a few more days of anticipation built in and maybe...just maybe get a 20-30% rise on the day of the rns.
Veggy. Hope ur keeping well bud. Nervous few days to say the least. 26p last week to 18p bod today was not good. However I would luv to know who decided to release the rns during market hours and especially at the tone they did …. Dare I say it was absolutely perfection because today we hit a very low point even on Twitter with many questions raised and few answers.
The fact they have stated it in the rns will give many the chance to buy and see the value of their investment increase, who were the banks ? They actually went out to Malawi ? Wow zaa. Looking like the funding situation will get resolved soon and dare I say we could get the MDA much quicker that we were thinking this morning.
That blockbuster rns could see us reach for the stars and it’s fair to say …about time. Enjoy dinner folks and see you tomorrow as we gain a nice 8-10% tomorrow.
After 2 days of losses and now the sp recovering. Today's rns has restored confidence that we are heading in the right direction. Its certainly been a nervous couple of days. All the best to everyone invested. Its been a long time coming.
That’ll do. Immediate 8% recovery which I can see improving over the week they’ve just bought themselves. The market now has a short timeframe with which to expect high impact release, so buy pressure should increase. I’d love this to get back to 25p before the BFS hits. Then we’re off to the races over the next few months. It’s happening. Slowly.
well. it's getting there slowly. next few sessions should see some of the SP losses recover. Twitterati will hopefully get things going, this stock needs all the publicity it can get
...All in the same RNS as new CFO! Get ready for BFS, CFO in place.
Mega news. They have basically said …. Look we are a little late but we are ready. Banks ? International ? Uffff. I might be accused of pumping lol but I can see the sp unchanged by close and up tomorrow.
They must have waited on banking teams to arrive and as someone mentioned they could roll out a big rns all in one. Rest assured they are watching and waiting to give us a shock. Come on mka.
Nuts are starting to roll in. Same sellers will look to buy back. 100% certain this is 22-23p next week with anticipation.
"Mr Sewell joined Mkango's President, Alex Lemon, and CEO, Will Dawes, in Malawi this week as they met with major international development and commercial bank teams visiting the Songwe Hill Rare Earths Project ("Songwe Hill") in Malawi. The results of the feasibility study for Songwe Hill will be released by the Company next week."
Interesting!
Let’s go folks. 18.2p given and I will take that all day long.
Happy hunting. :))
As I understand it, a BFS and DFS are both compiled using the same parameters in terms of the level of technical detail.
A BFS only differs in terms of presenting a case for funding from investors / bankers.
My belief (although clearly i don't know), is that project finance is already sorted and therefore a BFS is not required.
Originally, Talaxis would have earned an additional % for arranging project finance. That situation has now changed and we appear to have attracted significant interest from other parties for whom a supply of REE's is of critical national importance.
I know it's difficult but really, forget about the SP and look at the potential project value.
I'm sure we'll all find out soon enough - god knows, it's been a long haul!
I'm sure we'll find out soon enough
Great post to remind us. Surely even with all possible glitches we must be days away or even worst case next week. Can’t be as bad as we are making it out.
My buy in price if it gets there and that has serious support is 17p. It won’t get there I don’t think. Sells will start to dry up and the sniff of the rns lodged will see this zoom up to 22-23p before you know it. Can’t stomach buying anymore now as I would just prefer the sp to go up and need to calm everyone down.
MDA advanced stages - it was a really bullish update 4 months ago to now go quiet…. Fingers crossed with get the FS / MDA and financing all in one
This was the detailed update - to be completed “up to 3 months fr 7 June”.
Capital cost estimate: pricing for mechanical equipment, structural steel, civil, electrical, control and instrumentation and piping bill of quantities, process plant EPCM cost estimate, site infrastructure costs, transport estimates using equipment masses and steelwork quantities are 100% complete. Update of capital cost estimate is 90% complete.
Operating cost estimate: preparation of plant labour schedules and pay rates is 90% complete. Quantities and costs of consumables, spare parts and utility requirements is 100% complete and administration costs and other overheads are 100% complete. Verification of reagent consumption and costs are 92% complete. Update of operating cost with updated labour rates, transport and laboratory costs is 92% complete.
Environmental, Social and Health: review and impact assessments of specialist studies, rehabilitation and closure liability is 100% complete. Environmental, Social and Health Impact Assessment is 98% complete.
Sustainable energy trade-off study: investigation of alternative energy sources, compilation of energy balance, design of solar PV and detailed costing and preliminary wind resource assessment is 100% complete.
Metallurgical test work: grinding test work and trade-off, plant raw water testing, solid liquid separation test work, flotation and hydrometallurgical test work is 100% complete. Water and variability test work is 80% complete, and tailings geochemical and geotechnical test work is 50% complete and expected to be completed by the end of this month.
Processing engineering: process flow diagrams, mass balances, process description, mechanical equipment list, design basis, pipe and instrumentation diagrams, process control philosophy and HAZOP 1 and 2 are 100% complete.
Mining: in-pit services, haul road design, waste rock dump design, issue of enquiries into market, mining schedule, pit optimisation and design, storm water handling and water reticulation are 100% complete.
Mechanical, civil and structural engineering: mechanical equipment data and duty sheets, general arrangement drawings, civil design criteria, structural design criteria, bill of quantities, bulk earthworks, civil and steelwork quotes are 100% complete.
Electrical engineering: electrical design criteria, electrical load list, cable schedule, installed and consumed power schedule, electrical material take-off, electrical procurement packages, motor control centres and transformer sizing are 100% complete.
Control and instrumentation engineering: control and instrumentation design criteria, instrument data sheets and schedules, control and instrumentation material take-off, instrumentation diagrams and control and instrumentation procurement packages are 100% complete.
Piping engineering: piping design criteria and calculations, piping material take-off and piping bill of quantities, schedules for line list, pip
Lewis - to clarify , a BFS comes after the DFS - in essence it is a level of detail at which you can borrow against the project . We were supposed to be getting a BFS - although the company started taking about a DFS in later coms.
To buy more. I’ve been upset for a while about Mka but fear has caused this to slide and feel it’s getting way overdone.
Time to buy more and bring that average down.
Will top up today for sure. News is not far away although should have been out by now. Time to add folks.
Of course we still have a trading day, but unless we get some kind of update soon this company are at risk of a serious slide. I can well appreciate the magnitude of what needs sorting out behind the scenes, and we are privy to so little of it, but this company need to get their ducks in a row pronto or sentiment will start to depart. Personally I would have expected the BFS (bankable feasibility study) to have been available feb / March. I’ve waited because I believe in the fundamentals, but we need news now or the fire dies. I still believe their are eruptions behind the scenes here. There’s too much going on globally and we have such a valuable and timely resource. All will be revealed but patience is running thin now.
Oapk. Absolutely agree. Read a tweet with someone saying the same thing. Makes you wonder what the minister was thinking or maybe we can just imagine he worded it incorrectly. Either way I’m
Personally happy my average is 25% away from current prices and that push comes to shove it will eventually reach 30p or so and that where I will look to exit as I have previously stated. We as PI must understand we are invested to make profits and eventually move our investments forward.
All is not lost and I’m a million percent sure the BOD are aware of all this FUD and will look to resolve it as the earliest convenience.
Stay strong folks and keep the faith.
To be fair, the DFS is better...."Definitive feasibility study (DFS): The most detailed form of feasibility study which determines definitively whether to proceed with a project."