Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Something is not right here. Dropping the the bid to panic lth to sell. Mkango have pretty much a ready to go ree mine in Songwe Hill amongst other assets. Yes there is financing to be finalised. But of courese there are talks behind the scenes. This commodity is needed in the UK, the EU, the USA. News is due on the Mda, the Bfs.in June. I am letting go of my shares after 5 years of holding. Come on Mkango release the transformational news which will prepel the share price to greatness. Good luck to all shareholders ??
Although that article shows the intent of the US it’s for a plant that will be built / operated in the US so hard to gauge.
I think we need to get a move on here, technically we are late again as 3 months has passed but the sp is showing great strength so it’s giving us hope we can charge forward here. Make no mistake there’s seriously bad days for the market ahead so the sooner we let everyone know the better.
Keeping the faith. Come on mka.
i'm wondering, why didnt happen any buy and sell today?
Haha never mind
I predict an RNS. Don’t shoot the messenger
https://twitter.com/DeItaone/status/1536750772532260864
Join those dots people and you'll see the epic pic take shape.
Tic tic…..
We will hold up well in this blood bath market.
It was one of my worries as you know but there’s strength here.
Can see the big news this week. Hold folks. Show courage and don’t bottle it !!!!
April 2021
Alexander Lemon, President of Mkango stated:
“The Biden administration has an ambitious agenda for a clean energy revolution which will begin with the recently announced $2tn Infrastructure bill aimed at clean energy initiatives and is expected to result in increased U.S. stockpiling of rare earths. The United States intends to achieve a carbon free power sector by 2035 and a net zero economy by 2050.
“Reaching these goals will require significant quantities of rare earths. Mkango’s Songwe Hill Rare Earths project in Malawi, plans for a separation plant and interest in UK rare earth magnet recycler, HyProMag, means it is well placed to play a strategic role in supplying the US critical minerals supply chain as well as other key markets.
“We are, therefore, delighted to appoint Jones Group International as our United States strategy advisor, significantly enhancing Mkango’s positioning in the US market. This appointment further underpins our integrated ‘Mine Refine Recycle’ strategy and we very much look forward to working with Jones Group International.”
General James Jones, President of Jones Group International stated:
“I look forward to our partnership with Mkango Resources. Rare earths are the source of elements and metals essential to the advanced technologies of today and tomorrow, including those that will drive forward clean energy and enhance the prospects of significantly reduced carbon emissions that are so damaging to our environment.
“Mkango’s Songwe Hill Rare Earths project in Malawi, its plans for a rare-earths separation plant and related projects portend to expand and reinforce the supply chain of critical elements essential to the economic and national security wellbeing of the transatlantic community. I and my colleagues at JGI are eager to bring a US dimension to this strategic undertaking”
Looks like it’s starting to ramp up with buys. Happy to see the rise in a falling market. Let’s hope we get the news we deserve. One thing for sure is we will get more than 1 rns in quick succession. Just getting my moon suit zipped up for next week.
https://mobile.twitter.com/MylesMcNulty/status/1535232579334459394
This one is undervalued and will right itself against its peers. Exciting few weeks.
Completely agree Lewis. PhenomenaL time for MKA. The infrastructure and pedigree is impressive. Scientist led. What does worry me is that the timing is so good there may erupt an internal battle as to who the best international partners are. With China clearly worried about supply chains I do wonder whether Mkango have a moral line on taking an ethical deal over a lucrative one. Guess we’ll see over the course of this year. I’ve watched Gangfeng steamroller western lithium investors and I’d hate to see the same here. Just look at the conversation erupting around Taiwan semiconductors today. With great opportunity also comes great risk. Let’s hope the Mkango board are team players.
There was a slide pack too. Very detailed, BFS slated as close to completion and MDA is likely the next RNS holding pattern. One thing was clear, very professional group and extremely relevant at the moment. Well positioned and in good company on that presentation eith MP and Pensana.
This should be 50p now in my view
I did. No revelations. Competent presentation if a little dry. Still promising BFS in June.
Did anyone see Will's presentation?
Unfortunately I couldn't see it.
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).