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Good analysis. Nice little rise today, good stream of news to come. Hope everyone had a good bank holiday weekend. GLA
very good finish and decent buys throughout the day, very surprised we fell back last week but i am sure the sells are now somewhat limited and waiting for news.
moved higher on low-ish volume although decent and i sincerely hope this is the week we test 30s atleast.
personally i would like to see the MDA rns first as the othewrs will not have as much material effect knowing we are still waiting for the MDA from malawi government, if we get the MDA first then the BFS rns carries more weight and i can see us rolling away in to the sunset on cruise control.
rns tomorrow is more likely than not as they have a roadshow booked at 7pm so will make sense to release some new material which they can talk about.
Fingers crossed
News in the morning?
@MkangoResources Presenting at BMO Capital Markets #RareEarths Virtual Event Tomorrow 7th June, 5.15 pm UK time / 12.15 pm Eastern Time #MKA please click the link below to register for the event https://twitter.com/Share_Talk/status/1533819675485818888?s=20&t=Cu6JaVFnIm2ea5aSSPtl8A
A lot of news imminent. Read the tweets and RNS's.
https://twitter.com/Share_Talk/status/1533078365531525121?s=20&t=N7vhEegWlpJAVW9IyDPO4g
The company is starting the rollout of Rare Earths technologies business in the USA with Julian Treger, a highly successful ex Anglo Pacific Mining executive & Tom Albanese ex Rio Tinto.
A lot of people missed this, the MKA team have been in the US and with the current political climate, expect to see more updates as the geopolitics play out. China can not be allowed to control the RE markets.
Conclusion: Mkango is making strong progress ahead of its DFS for the Songwe Hill Rare Earths project, with the completion of the study targeted for the second quarter of 2022. Investors should take encouragement as Mkango’s board continues to progress and de-risk the project at a time when NdPr prices are at multi-year highs.
https://www.share-talk.com/share-talk-weekly-mining-sector-news-round-up-saturday-4th-june-2022/
Well said. Good time frames for holding but I would personally say 50p is not far away as you suggest.
To get to where your saying it will be closer t0 70-90p and 40p is a min target for the next 2 rns news flows.
20% gain on funding rns Songwe.
20% on MDA
10% gain on BFS.
This takes us well in to 30s but I think they are holding back jv agreements and off takes because they are subject to getting the MDA and other legal terms out the way so you can add 15-20% to the sp and I think we easily get to 40p in the next 2 weeks.
As you said to mine is not easy and a long time frame should be expected regardless of what company is mining where. Good luck. You will become a millionaire if you do hold 3-5 years.
Just to add further comment to the frequent statements about buys being recorded as sell, I got my wife to buy 34150 shares this morning for her SIPP and she got a great buy price of 23.67p which shows up now as a sell.
Ive just added another £10300 of shares to my ISA this morning so my total stake now around 700,000 shares. Averaging still around 25 to 29p across ISA, SIPP, and normal share purchases so still under water but Ive analysed this to the umpteenth degree and I just cant see any way that this stock could fail. Quite happy to await news flow and expect to see the price gradually climb back towards 30p but this may take months. Even when the funding arrangements are announced to see the start of the concentrate mining project I doubt we'll see any huge uptick towards the 50p considered by others. It takes a long time to build a concentrator plant let alone begin the first extracts to send to the refining plant in Poland, which also has yet to be built or detailed financing announced.
So my belief is hold steady for the next 2 years or so and in 5 years we'll all be millionaires (to quote Delboy).
Would be nice to get a million of MKA shares ?
Parker. First we need to build our plant. Make it operational. Then separate it from Mka and list it as hypromag. Even though they do that I think Mka is sold as seen because the buyer in my opinion has agreed a price subject to consents etc etc.
Personally I’m thinking why not partner them ? 100% I can put my money on the line and say hypromag will partner them in some way or another.
Deals galore out there ….. we are front of the line and have first mover advantage.
Imagine India’s Attero licence the hypromag recycling technology and open a huge plant in India? The opportunities are endless. Looking for a strong close today. Glad we have absorbed some large sells in the last few sessions. Remember a decent rise and price stability always depends how well the sells get absorbed. It shows that buyers have control. 28p Friday plz.
India’s Attero to Spend $1 Billlion on Battery Recycling Plants
Facilities planned for Poland, Ohio and one in Indonesia.
So why not buy MKA?
GLA
GLA.....Kangos
Hopefully another RNS to come either this morning or tomorrow before the markets close for Her Majesty’s jubilee.
Have the week off work so a lovely Lay in followed by this rns points to a good week ahead for my health :))
Here’s my quick summary :
-Looks like this has been the work of jonas group with more on the way. HUGE news to tap the US markets.
- 27p strike price must have been agreed when we were much lower in market price over last few months so I’d say 25% premium they paid. Great.
- playing issues have all gone. They repeated that funding discussions are on the way with songwe so expect big big news rns next few weeks.
- expecting 28p wall by Friday and would be very happy with that. With such big newsflow we need to be in the 28p-32p range which are massive walls us to break seriously higher when news released.
- more smaller deals are on the way.
- I expect another rns this week as mka always gives them in 2s n 3s.
Finally I think we are just ahead of the curve when it comes to market sell off / crash. That’s what I was worried about more than the company fundamentals. I think we can most certainly hit 40p + on the big rns news and maybe higher.
Ps. Dickie those companies went from 4p to many multiples because it was a different market back then. Aim has had money flow sucked out of it. Many speculators have gone or been wiped out. I don’t think it’s fair to compare but we get what you mean. Personally I think many would be happy just to see us stabilise around 40p or more for now. It’s criminal how we hit 18p low recently.
Very likely. 30p would be a start mind!
Easily reach 60p - 80p in the next 12 months.
Remember SOLG, BEM Beoeulf and AEN Andes Energia, all went from 4p to over 60p in less time and with much more shares in issue?
MM just playing around! Buys are showing up as sell. Now that the cash is sorted i see us moving up much higher.
Im here to see what happens in next 12 months so not invested in short term moves. As i get more funds ill keep adding here.
Good to see us moving in the right direction!
InvestEgate
https://www.investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-and-cotec-to-collaborate/202205300700081625N/
Highlights
Mkango has signed a non-binding term sheet with CoTec Holdings Corp. ("CoTec"), an ESG-focused company investing in innovative technologies, led by Julian Treger and Braam Jonker, in relation to investments by CoTec into Mkango and Mkango's subsidiary, Maginito Limited ("Maginito"), and collaboration in downstream rare earth technologies (the "Transactions"). The Transactions are expected to include the following key components:
o CoTec will invest £2 million (C$3.2 million) into Mkango by way of a two-year, unsecured convertible note ("Mkango Note") with 5% interest, convertible into Mkango shares at 27p each, providing Mkango with additional working capital as it advances financing discussions for the Songwe Hill rare earths project ("Songwe") in Malawi and the Pulawy separation plant project in Poland
o CoTec will also invest £1.5 million (C$2.4 million) into Maginito, equating to a 10% equity stake in Maginito for the purposes of strategic investments in downstream rare earth technologies and working capital
o Restructuring resulting in Mkango's wholly owned subsidiary, Mkango Rare Earths UK Limited, ("Mkango UK") becoming a wholly owned subsidiary of Maginito
o In consideration of a four-month exclusivity period, CoTec will advance £500,000 (C$805,000), no later than June 20, 2022 (the "Advance"), offsetable against and carrying largely the same terms as the Mkango Note
o Mkango and CoTec will enter into a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States
·
Beat me to it Troajan
15 mins ago
https://www.proactiveinvestors.com/companies/news/983560/mkango-resources-unveils-proposed-3-5mln-investment-by-cotec-collaboration-on-rare-earth-technologies-983560.html
Any thoughts on the restructuring of Mkango Rare Earths UK Limited into Maginito and the subsequent dilution of our stake?
What was the subsidiary Mkango Rare Earths UK Limited responsible for?
The £20k 'sells' was in fact a bed and ISA transaction and not two sells
Cant buy in big size!
Luck i have enough but wanted to add another 50K!