Mkango Res Share Chat (MKA)

The churn should be coming to an end very soon, also MMs have been accumulating cheap shares which they will be selling back at a massive premium in the coming days, the only way is up from here, imo

Naz. My favourite ROSE where you posted last week. I must admit that funding is a major concern to many but the 3D's seismics are outstanding in quality and quantity of drill locations. The initial review has highlighted 57 drill locations in the Paradox Basin Utah. Estimated 450m barrels. 7 year license. Institutional investors on board and a MCAP of around £4m. The RNS says they are trying for a jv or farming deal for an initial 5 drill campaign. I have been studying this for months and believe now is a great time to invest. These will be big drills and even with a dilution I believe the MCAP will be much higher on the first spud in H2.

let the impatient leave the next 2-3 months will be rewarding, we are at bottom of support line I think, it can’t drop anymore. now mms have accumulated shares they can start to drive the price up then we await some updates GLA

Where was this stonking Rns unnoticed

It is simple. This has massive potential but..... AIM is news driven. Drill results many months away. PI's selling and will return later on in the year. I sold half today my holding here and invested it elsewhere where there was an unnoticed stonking RNS. GLA

Short term not looking great..sp falling day after day.

Key Aspects of the Business and Financing Relationship: "Canada Rare Earth and Talaxis have signed a Memorandum of Understanding (�MOU�) that sets out the proposed principles of a working relationship leading to cooperation in the development of supply chains in the rare earth industry. The terms and conditions are to be negotiated and included in subsequent definitive agreements which will detail arrangements regarding sourcing, processing and delivering rare earths, refinery facilities, financing capital expenditures and trade finance support. The MOU also includes provisions for the parties to negotiate terms upon which Talaxis may participate in the capital structure of CREC using hybrid capital solutions that include debt, equity stake and warrants." We already know Talaxis will qualify for additional 26% stake in MKA on arranging Project Finance for Songwe Hill. Wonder if CREC are the ones being lined up by Talaxis for funding Songwe Hill ? Thoughts ?

http://www.canadarareearth.com/crec-enters-into-memorandum-of-understanding-for-financing--strategic-arrangement-with-talaxis

Have not read the Noble debt deal details. So not sure what Noble plans for Talaxis are just yet ? However if Talaxis is doing well for Noble then they might want to keep the successsful businesses intact and only sell off the loss making businesses to pay down / reduce their Debt burden. That would be my own view.

Talaxis just end of last week did a deal with Canadian Rare Earth Corp. who are looking to build an integrated REE business. Wonder if Talaxis are brokering / structuring Songwe Hill asset for them ? Will find the news wire link and post it here shortly.

MisterPositive, yes, effectively. Or are REEs a core part of the Noble group's asset portfolio going forward? A key question for everyone to have a view on here.

Lets hope we are not all talking about breaking through 10p at Christmas. On the news received in the last couple of months and the amount of cash received it is criminal that we are falling day on day. When we all start talking about top ups that's a negative sign. I should know I am in URU!!!

Olderandwiser Are you referring to Noble group may be selling their wholly owned subsidiary Talaxis to the highest bidder ? Chinese or someone else. Unless I mis interpreted your comment.

All looks great but what’s with the sells?

Holding for a rerate...so are we all...gl http://www.thisismoney.co.uk/money/investing/article-5092721/Mkango-Resources-boosted-Malawi-rare-earth-funding-deal.html http://www.miningweekly.com/article/mkango-shares-jump-on-talaxis-investments-2017-11-16

That topup under 9, will try again!

Thanks RollinHand, got genuinely excited there for a minute until I spotted that WTG is blue chip rather than commodities

Not really a good comparison as WTG have a huge legal case against them!

Ehhh I'm afraid Cretes that person is completely wrong in their quote.... WTG, according to the pre-close trading update released last week, had �62.8m at the end of December 2017 Their share is currently trading ~�1 which with ~46.04m shares in issue gives an mc of �46.04m, so less that 75% of cash held.... oh and that also excludes the �50m held in escrow You could update your other poster that they need to get the facts right......

To quote someone off another BB "There is no other stock on AIM whos m/cap is lower than the cash held" I'm holding for a re-rate

give it a few days for the dust to settle and i would hope mka would issue some guidance.

So the question now is, does Noble in its restructured form, consider REEs to be a core part of its "Asian hard metals" exposure? Or will Noble be seeking to dispose of its newly acquired investment and forward commitments, to another (Chinese) party?

https://www.ft.com/content/db54af60-04db-11e8-9650-9c0ad2d7c5b5 Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may s 34 MINUTES AGO Shareholders in Noble Group will be almost wiped out under the terms of a debt restructuring announced on Monday by the crisis-hit commodity trader. The Singapore-listed company said existing shareholders, including its founder Richard Elman, and CIC, China�s sovereign wealth fund, would end up with a 10 per cent stake if the deal is approved. Under the debt-for-equity swap, which is backed by creditors who control 30 per cent of Noble�s debt, its borrowings will fall from $3.4bn to $1.7bn. That will leave its lenders with a 70 per cent stake in Noble, shareholders will get 10 per cent while 20 per cent has been set aside in order to �incentivise� its senior executives. Noble�s business, now focused on coal trading in Asia and LNG following a string of asset sales, will carry around $955m of debt. The company will also issue $700m of bonds that will be repaid from asset sales, including its aluminium business in Jamaica and stake in Harbour Energy. On top of that, Noble also plans to issue $200m of preference shares. Supporting the $1.7bn of debt will be a business that will have annual pro-forma earnings before interest tax, depreciation and amortisation of $175-$200m, Noble said. �Since May 2017, when the group announced first-quarter results and the commencement of the strategic review, I have consistently stated my objective of avoiding any form of insolvency proceeding and by dealing with our stakeholders in a fair and transparent manner,� said chairman Paul Brough. �The actions resulting from the strategic review have refocused the group on its Asian hard commodities, freight and LNG businesses and, with the in principle agreement, will reduce indebtedness to sustainable levels, commensurate with the group�s size and range of activities. The group will be stable, independent, competitive, and positioned for sustained growth,� said Mr Brough. Noble was plunged into crisis in February 2015, when Iceberg Research, a previously unknown firm, produced the first in a series of reports highly critical of the company and its inability to convert profits into cash. Noble, once Asia�s largest commodity trader, has always defended its accounting. The company has been forced to sell assets in a desperate attempt to reduce debts and prop up its share price, which has fallen more than 90 per cent of past three years.

ps. not good for Noble share holders, but good for us, but the devil maybe in the detail.

hardly the final word, Talaxis have 12 million warrants. uncertainty regarding Noble was the reason warrants were been exercised. latest news from Singapore as to Nobles future is good.