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Cash crucial in ANY early stage miner. Looking at Q3 figs co give no guidance on continuing cash burn, but looking at prev qtrs must b getting low imv.
Raise coming, or jv, or farm in?
Price action makes me nervous of a raise.
Foxhill - we have completed various drill campaigns and have a JORC/43k compliant resource statement showing 21mt of TREO at 1.41% - in situ valuation of over $8 billion. https://twitter.com/flatracingmodel/status/1450431842058915845/photo/1
7th April...Nkalonje
https://www.investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-completes-initial-sampling-at-nkalonje/202204070700035306H/
Hi all...i was in MKA 3yrs ago at the lows of 6p. Sold out at 9p.
Now back in for another bite.
Good luck all
It’s fair to say 20p is stalemate. Everyone has settled for this price including the mms / seller and potential buyer.
Definitely forced seller, let’s hope we bounce from here although my charts show 17.4p as absolute bottom but I doubt it will get there.
We were told of updates by q1 on thambani also yet no news. I must admit I am annoyed at the sp movement and Lewis can vouch for that lol but the amount of news in the pipeline including offtakes and JV is really promising. However I’m not believing anything until I see it. Let’s hope the seller clears out today.
One thing is for sure …..this week will determine if we go higher or lower because there’s no way the seller can continue in to next week. Remember the seller has been at it for months. It’s not just the last few weeks where it’s been more forceful dumps.
Another 100K shifted this morning, 70K chunk there at 20;
Yes they have. A simple google search with “ songwe drilling results “ will show various drill results indications of potential material.
The key amongst all this is not only the major rise in price for the RRE but the need for it being so rare. Eg . Gojj on d can rise but there’s plenty everywhere and the rise will be limited or probably fall back once Macro environment improves.
With songwe is become of serious importance and critical to many including governments as such. Now is the time to really kick on but we are strangely kicking the backwards.
Twitter feed has gone all quiet recently and someone is selling bucket loads. Russian or not we must get clarity. Hoping for a small bounce up today.
Forgive the ignorance. I haven’t looked in for years. Did MkA ever published the results of samples from Songwe?
Focus on the 150k after the bell perhaps.
You keep ranting daily. If you believed in 17p you should have waited. Still waiting for your trade to appear. Maybe tomorrow?
Lewis my lovely. Go on to the Mka Twitter feed. #mka I’ve just posted my trade. I’m
Not here to talk bs. We ballers !!!!!
Looooooool. Lewis your da best. Honestly. Thank you for the diagnosis. I must admit it’s rare to find such intelligence on these bb. Your knowledge is far reaching and hopefully I will get cured at 45p. I’m in. 67,786 shares large today. Boooooom coming.
Still not seeing your buy however
Mister p.i.staker has bought more. Happy days. Must be a good bipolar day
I have confidence in the share now that the famous, all-knowing munchbox has invested. Thank you, you’ve put my mind at ease.
Ffs. Caved in. 67,786 shares added today. Look for my trade. You all forget I’m a holder ….. a believer but this s h Tt is p sssss ng me off.
There. You. Have. It. Kept 40k shares of powder dry. Now who the h is this Russian.
'making me sound or look stupid ' only one person can do that :)
sure see you at 17p or 15p even .... facts remain MKA has a resource the world needs and a competent forward planing BOD with skin in the game... again makes this a no-brainer timing is the only issue... for sure news in June possible other news anytime .. in or out your decision...
Crumbs. This is my issue with certain holders. Why do you feel that making me sound or look stupid is relevant to the share price ? It’s just my opinion and I would rather buy at 22-23p knowing it’s going to hit 35p + I love sentiment and currently this genius thinks nobody is buying for a reason. Rumours of placings etc etc are not easy feel. Good luck. See you at 17p.
I can’t see any references to Oleg Soloshchanskiy being sanctioned? Can anyone help here?
Also assuming this is the seller then at 5.5% we have quite a few TR1s before we can declare seller cleared. Not seen the one where he dips below 5% yet?
Definitely agree that buying towards the end of a distressed seller is a great way to make gains but need more evidence that this this is that.
Don't buy then ... but inform the world what a genius you are for buying when it turns blue :) ... been through this with IRR now ALL made meself a shed load as that was a no brainer too.... you know the news is coming here (they have told us)you know that news is likely to be big and game changer... sit back relax and buy within your comfort zone.. if you even have one lol
It’s not only the seller we should be worrying about but the lack of buyers also.
This is going to break 20p support most definitely and then what ? How low will this go ? Absolutely crazy. Can’t believe I don’t feel like buying at current price ….no buyers out there. I hope cristalbal has protected his 500% gains lmaooooo
Oleg Soloshchanskiy, google him BTW no idea if he is selling but I'm buying ...no brainer to me this :)
Heard this a lot about a Russian seller.
Could anyone share any further details please, who the seller is, what their holding was (I guess we don’t know what it is now), etc. Any views on how long the selling will last?
I have a small to medium sized position here but see lots of potential. I am quite likely to add but want to time it as well as possible. Thanks for any help anyone can give.
OS ?
Pivotal week coming up. Dip to 17p or bounce to 26p. Place your bets.