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Your welcome Munchbox. I unlikely to post more often. If we are back upto towards 30p soon then I'll definitely celebrate with a post. I actually wish I had the money to top up now. I managed to add about 7k shares to my sipp last week. I see this as a long term investment. It will come good. I honestly believe that. Keep the faith that its a fantastic investment. So much going for it and a lot of newsflow to come in the coming weeks. All the best to us shareholders
And NOTHING IS UP.
It’s a SALE
Thanks veggy. You should post more often mate. Appreciate your words of comfort. Let’s hope we get up above the 20s again soon.
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Hi Munchbox. We know that nothing is certain in the shares game. It's all risk. But Mkango is a calculated risk. I honestly wish everyone invested here gets a decent reward from their risk. I've held for years and I sometimes I wish I'd sold some shares at the highs.
The fact is that Mkango is fantastic investment. Its just going to take a little longer. I'm no expert but this is my best investment. Good luck to us all. Stay well
Your move.
And for those who fear a raise.
I would love for a raise.z they would raise at a massive premium to current share price; and it would put to bed this idiocy.
They have a resource which is getting larger, they have URANIUM - a super hot sector: look at Malawi uranium player Lotus Resources market cap.
This is totally insane valuations, and don’t miss the chance to buy this here!
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Veggy. Your spot on mate. I’m feeling very very nervous. Am turning off the monitor but boy o boy this has been a lesson learnt. Uffffffff. Funnily enough my target of 17.5p has been hit today but I topped up at 20.6. Minor in the bigger scheme of things. Let’s just hope it’s bigger.
I just added c£10k at 18.
This is DIRT CHEAP.
Nothing is up. It’s aim idiots fearing a falling share price. They sell on a sale.
Hi Munchbox. You are a prolific poster on Mkango BB. Mostly positive but sometimes negative. Your last post suggests you are in a state of panic.
Maybe its time to switch off from the BB and calm down Bro. 8-)
MKA Share price correction offers EXCELLENT entry point.
Trading at 4% NPVe on #rareearths integrated mine + separation, at spot NDPR.
=> LESS THAN HALF the multiple peer Pensana (PRE) trades on.
BOMBED OUT VALUATIONS - Expect discount to PRE to close.
Mkango have what Europe, USA,and UK all need. An advanced Ree project in Songwe. Yes I am sorry to see the price down here. But I'm going to hold. Just because someone says there's a placing coming. There guessing. Where this sp goes from here, we dont know. Some people have motives for negative posting .
I remain positive that Mkango's future is bright. Its just a matter of time and requires patience. All the best to all shareholders
Another 300k shifted today. Something is up big time. I’m ready to go down with the ship with a promise to myself this is my last ever Aim investment.
Surely it can’t just keep going lower. Something major is wrong here. I just hope the songwe material is not sand :))
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F all else to say really. !!!
Putin
He will go out the way Stalin did, poisoned by the feared BERIA..isolated in a locked bedroom without any medical attention. Absolute fear of Putin will be his undoing.
is sitting on a resource of potentially global strategic importance, meaning that one way or another iit is very likely to be funded to realise that. At that point, the company imo will be worth a lot more than it is now ( even adjusting for any dilution depending on how mine development is funded). In the meantime, the green filter button gets another run out.
looking ahead one must feel that a spin off of Hypromag is almost certain, it has a number of working agreements along with supporting grants that will allow it to advance and then funds require for the separation plants in the number of countries its targeting in its future plans should really see it flourish as a separate entity.
They have a number of potential company makers on the mining side and looking ahead its a good problem to have, the bottom line is to value any asset or company you must picture the situation if kit decided to put itself up for sale and see what tangible value it has and in this case we would get a price multiple of todays sp.
i was looking at a tweet which showed a number of leading players in this sector and they have market caps many many multiples of MKA although some are advanced in terms of mining and volume of material but the sheer lack of valuation given to MKA is actually staggering, we should in thery be valued around £100m as a fair value to hwere we are on the supply chain + material in the ground.
patience is the key here, just trying to work out what role Talaxis will play considering they gave up the company flagship asset in return for equity which in hindsight shows that they must have been given assurances along with future plans that appealed to Talaxis.
personal preference would be sale of asset (songwe) and use the cash to reurn 50% to shareholders and the other 50% to develop the other assets and recycling centres with an agreement of 100% offtake of the recycling product to be processed through the plant in poland. this way they could speed up the other assets in to production and have a clear run towards profitability without having to raise money in the future,
Talaxis wins, shareholders including the BOD win and the future starts to look very bright increasing wealth for all involved.
question is what is songwe worth on its own as a sale. min £6b of material in the ground and the bfs could easily up that towards £10b. makes interesting reading for sure.
I’ve heard today Putin is about to mobilise all eligible males over 18 and plans to declare all out war on Ukraine. First and foremost IF this is true it only amplifies a tragedy. But no doubt it will further amplify the need to secure NATO friendly rare earth supplies. Have to say though, I’d happily lose all of the money I have invested here if it meant somebody putting a bullet in that bald pr*^ks forehead.
Tough read without question - plenty of neg vibes re commodities/broader market out there right now - I'm sitting on a lot of cash right now personally ...
One thing is for sure, China mess will kick off later this year.
It’s probably in motion now as you say but as ever I will judge everything by the sp and there’s that famous saying
“ the company is not the sp” let’s hope we don’t be using that analogy anytime soon.
Morning.
Au contraire - if you're about to drop a DFS then the basket price of rare earths becomes everything :)
Some talk of China maybe overtly helping Russia out and/or going for Taiwan - that'll put the cat amongst the pigeons for sure - yes, those rare earths are in China and if their exports of those end being compromised by tit-for-tat sanctions then I doubt there's an asset out there that will see see a bigger uplift in price.
Ifs buts and maybes as ever but China's stranglehold on those commodities is obviously a catalyst-from-heaven should it all kick off.
To be fair most of the Rare earth China holds is predominantly based in China. Also we are not in production so although the price may increase I don’t think it will effect us in anyway.
I mean being honest with ourselves with all the positive newsflow around the material and official rns statements along with tweets / reports and many other various info led news had caused absolutely nothing for MKA in terms of share price.
Thankfully we are invested in a real company with real assets. All that matters to us is the share price increasing so we can profit. We are not remotely interested in anything else.
Price has somewhat become static here ….. world markets on a wobble. Let’s hope we get an rns this week of something positive that sees us push on from here because the reality is it’s getting depressing seeing the price at 20p with very little momentum of it going higher.
"CHINESE REGULATORS HAVE HELD AN EMERGENCY MEETING WITH DOMESTIC AND FOREIGN BANKS TO DISCUSS HOW THEY COULD PROTECT THE COUNTRY’S OVERSEAS ASSETS FROM US-LED SANCTIONS"
Fingers-crossed for a rug-pull of 90% of RareEarths supply ...