London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
im still here and under water!
Not worried about my investment here! We should be getting some news very soon.
Our CEO is a busy guy and he doesnt stay quite this long for no reason!
LG MKA!
Tufftrader
The latest position seems to be from the supporting docs for the 28th April RNS.
"Mkango ... is currently working on a definitive feasibility study (the “Feasibility Study”) which is expected to conclude during the second quarter of 2022."
"The MDA confirms the fiscal and legal terms for project development upon completion of which, the results of
the feasibility study and valuation metrics will be announced."
"Negotiations for the Mining Development Agreement (“MDA”) with the Government of Malawi are also well
advanced... both Mkango and the Government of Malawi are prioritising its successful completion."
So we should be expecting a DFS rather than a BFS. It will be completed by the end of June.
The DFS will be announced once the MDA is completed which isn't entirely in MKA's control but does seem to be a priority for the government.
The MDA confirms the fiscal and legal terms for project development, and is expected to take up to three months from today to finalise, upon which the results of the feasibility study and valuation metrics will be announced - dated 7th March.
In fairness, their March RNS appears to confirm that the work will all be completed by June 7th. It doesn’t commit them to releasing the BFS but it does indicate imminent release of positive news flow soon
If I remember correctly, the last indication for the BFS was "sometime Q2".
So five (not one) more weeks to.
Anyway, nice to see some positive action here.
There are mood swings, then there is you.
I can tell you are happy again today. Hope it reaches your exist point ASAP. For all of our sakes
I suspect the Russian has gone but as expected no TR1. A silent disappearance.
This rise is long overdue.
This looks decisive - I did manage a few more this morning myself as it happens so fingers-crossed.
haaaa. Lewis you ramper. i want 23p today or im not going to be happy.
i guess your allowed mood swings aint ya? or in Lewis world its a straight jacket only members :)))
We are blue, brace yourself for munchbox full mood swing back to trading ramp.
Uptick in buy action this AM. One week left on MkA’s own timeline for BFS. To be expected really. Positive news expected and I expect friends and family now buying in. This has been a desperate quarter for those in the exploration sector. Sit tight. Be thankful for the peace we know and live under here in the UK. First and foremost I am hoping for an end to Putin’s dictatorial reign, justice for Ukrainians and common sense to prevail. And after all that I’d love for our little company to start being a major part of the supply chain for RE’s, usurping China’s dominance and bring prosperity to both shareholders and Malawians. Let the seconds tic away. Q2 is our moment…
Ffs. Not you again Lewis. Lmaooooo. I think we should definitely go for a pint. Would be great fun.
Sell at 35p?
It was 38p not too long back, the current situation now is do we A. fund the mine ourselves with debt/equity/financing etc. or do we sell the project for many multiples of the current SP and then move to realise the value in the remaining assets like HyProMag etc.
You do moan all the time, the timetable was set months ago but you can't just wait. Up and down like a yoyo your mood.
You are also naive and a trader if you never had a 2-3 year or more investment plan here. If you are looking for quick bucks, you are at the wrong point of the lassonde curve with mka, that was at 5p. This will be slow and steady until funded.
Its an investment
seems like your tone is changing super, i felt like this months ago warning of possible market sell off and mka suffering in the process and got some what pointed out as the one who moans all the time.
truth be told its really a race against time here, lets hope we can get the 2-3 big rns we are hoping for. i still believe we will get a chance to sell at 35p before the market sell off but anyone who has many multiples here is not wrong....will have to wait in my opinion 2-3 years min.
It's not just here. Cash being moved out of AIM due to global issues fearing a mammoth crash. This will move up but at the last minute and then possibly any gains will recede slowly away. Nothing is wrong here, it's the bigger picture and to be honest I am hoping for some kind of decent buy out.
on the contrary is someone really having a laugh here ? 3 trades today and we are supposedly weeks away from company making news?? im lost and really dont want to be found because its just been traded against all its normal characteristics i mean all im asking is for a steady rise thats constant in to the rns ......too much to ask ? seriously guys why do you think trades have dried up?
Another tweet would do!
Off topic....
....monkey pox causes chaos at the Kremlin. Putin ain't larfing...nearing the end. When he is incable of giving orders, he will be shut off and abandoned ....as was Stalin. Stalin took 2 weeks to die totally without his doctors and left bedridden to die alone in agony. No one was brave enough to help him?
https://www.mirror.co.uk/news/world-news/vladimir-putin-constantly-surrounded-doctors-27012683
Overdue for an update.....?
Let’s hope this was the sign on dotted line stuff. Judging by that friend egg we are only Halfway there :) also I would rather not see the tweets as it had no material effect and would want them to
Just put it out there n shock the market.
Tweet by former Malawi High Commissioner to UK, meeting with MKA and citing "more positive developments"
https://twitter.com/KenaMphonda/status/1526891720285294593?t=2kFN51yamAEG9IGDJ1xx5Q&s=19
A few years for me now when I look back, initial entry at 8p. Took out initial stake when we hit 30p so was on for a free ride. I have since added on the drop to 22p and am now looking to add more since we dropped below 20p. Just can't believe it when the world, more so the west are crying out for rare earths. Here seems a safe bet in troubled times.
I still think news within two weeks. March 7th RNS gives us max 3 weeks for the “within three months” advised timeline. This is ten years in the making people. Now is not the time for the cacking of pant. Those in at these levels are in for an exciting summer. Hold the line and pour the wine.
Almost 6 years invested for me too. Thankfully I averaged down in March 2020. So in a good position at this price. Topped up recently , it would be great to see us back in the 20's plus range. Share investment is a nerve racking experience. Just my opinion but I think we will be rewarded for our patience. Hopefully sooner than later. The news flow is coming. Fingers crossed we don't have to wait much longer. Good luck to all shareholders.
cristalball i salute investors who have that kind of timeframe with their investments. unfortunately i dont and to be fair i over invested, nevertheless my B/E is mid 20s so im ok either way but im speaking on behalf of all the investors that we deserve something to chew on, even thambani news, rutile and hypromag. come om mka.