The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Daily RSI heading towards 20 now and oversold on the weekly - she's not likely to stay down here for very long.
Short term - ? I have been here since 2016 mate... almost at my 8th year. My frustration is the lack of demonstrable progress with the main asset, and thus fund raising and dilution.
LWHL - this is why I want to be kept up to date with the processing plant and progress there. MDA is out of our hands but surely progressing that at pace so we can get a significant income stream going is best.
Alternative to a raise of course, which you may know, is that we may bargain some small % of the JV away to COTEC for some funds. I believe we (this BB) also covered this topic a few months ago if I recall.
Such low volume and yet dropped 20% in a few days (6.25ish to now 5.25ish). Just not going to get spooked as that is ridiculous.
Lewis: If they have enough cash until July 2024 at the time of print, based on what you have quoted, then the BOD need to have something in place PDQ, otherwise it is going to almost certainly follow the bunch of other AIM outfits that have recently destroyed their shareholders with heavily discounted placings, where their share prices had already taken a battering before funding news.
If they do follow suit, then short termers and traders are the only ones who are potentially going to profit here, like the above examples. The loyal investors will be fleeced (been there myself elsewhere and got several of their rip off T-shirts).
We will find out one way or the other eventually I guess.
One man's de-ramper is another man's truth-speaker. Sure, you do get bad actors on these chat boards (almost always the aggressive language types), but I think most of us are genuine.
And anyone who has been around the AIM block a few times would know such things are entirely possible, even with the good tiddlers. Happens more often than not actually, so hardly likely a 'lucky' finger in the air comment.
It was not me who said 5.5p, but back in late January, when the SP was mid 8's, I said I did not see much support until the 6's and for this reason, had pulled my buy order.
Did I think we would go to the 5's? In truth, I thought even 4's were possible, with continued radio silence from the BOD - although I had hoped for some news before now.
I did not mention 4's then, as I did not want to come across as a FUD spreader.
I do not care anymore, and will not let the bad actors silence or limit my opinions.
Genuine posters can believe what they want of my intentions, or those of anyone else. These chat boards are not for financial advice and IMO nobody would buy or sell off the back of reading stuff here regardless.
I did not sell up and take the loss back then, because, presumably like many still holding now, positive MDA news would likely see the SP rocket in the blink of an eye. And you do not buy these types without giving plenty of scope for sizeable moves to the downside (or upside). High risk. High reward potential.
Anyway, I am not adding during this period, but not selling the small holding either. Same as before. Will take a view when we find out what exactly is going on with the cash runway. News on the MDA would almost feel like sighting a unicorn, but that would turn this ship around rapidly. GLA genuine posters.
What specifically do you want an update on? MDA is in Malawi hands, not MKA and MKA have never set the timeline despite x2 mining minister promises of done deal by x.
Hypromag update is in the last update in January and last management summary for Sept results.
Cash speculation is purely on these boards and RI panic. If you look at last update on the surface it looks like cash burn of 1.5 mill but if you dig down that is primarily exceptional costs for cotec and environment study with metal studies too. Strip that all out and you get 300-500k burn rate. Management stated back in July that they had 12 months cash.
I know as observers the sp seems important but frankly it isn't at this stage of the investment unless you are short term or a trader.
I continue to invest on a monthly basis.
Well Songwe MDA really is out of our hands. All in the hands of Malawi. I'm checking google daily for any news articles(!) but nothing to suggest it will fail. Why would it? Who else will get that mine up and running. Certainly won't be Malawi.
Got an update on COTEC 3rd Jan - all good there.
Would like an update to confirm end of commission of infrastructure for the Birmingham plant to progressing to commercial volumes (to start at 20t/yr vols sometime Q2 2024 moving to 100t/yr vols Q3 2024), and progress on Germany Hypromag facility and the Polish Songwe concentrate processing plant, and progress on US Hypromag facility.
Not looking at any other mines MKA have because best to focus on one thing at a time
In the scheme of things things should be progressing but we can't really shout for news. I am not going to capitulate there is too much going for it.
GLA
Basically the market has priced in a failure to get the MDA and the loss of the Songwe license... who knows.
How on earth are we in this situation. the radio silence is awful.
Exactly no ph2 clinical trial risk here (that can and often do fail!) but actual proven valuable resources and a patented tech that can economically recover REEs no other rival techs can for the lowest cost and with the least environmental impact with one site ready to go commercial and more to come
Lots of.
Yeah, it is nice to see the sudden interest ... there is no reason a re-rate here with the right news does not get us to the mcaps of our REE LSE peers seeing as MKA could well be the one producing commercial REEs first or that matter SVM whose sp is not suffering from the Malawian MDA experience just yet! And whose number one in the world Rutile resource could well be eclipsed by what MKA has next door ....there is value here
TraadyL - fair point. guess wouldn't be a quarterly as would be a year end. Tuesday 2nd May 2023 was the 2022. I guess that also included the jan-mar quarter update as well.
But I'd like to state that AVCT is NOTHING like MKA. do we have a Phase 2 clinical trial to fund? No. No we don't.
We paid £5m for the remaining 51% of HyProMag
Surely we didn't get swindled by a University!
Placing at 5p or below would actually confirm to be the case
This is how laughable it has become (in a painful way)
I am not saying it WONT go lower btw, I am just saying mentioning 4-5p, even if you despise this company, you have to realise that is such a ludicrous, downright insane valuation and even the biggest deramper and non-believers would be piling in at 4p.
If I am Cotec right now I am rubbing my hands.
Cotec has ordered 3 reactors for the US paid for with their own money... that pretty much tells you they are confident of going commercial in the US in 2025... funding can come from other places than a bucket 'placing' ...There will be interested industry players who could well come in to partner as was the webinar stated plan
Ipa, I am talking about the value of the company. as a public pre revenue company the only way to measure the value of the company is by its market cap. yes they have assets and intellectual property, but they do not have any revenue stream. so as the share price dwindles to almost nothing, so does the value of the company
AVCT placing has certainly not helped the situation. That said the BoD are the only people with the insight as to the state of funds. The market has been tough for some time and they could have raised higher a few months ago. Im not expecing the next quarter update any time soon as its the company's 12 month year end.
They're here ... ;)
Silvermaple - 9 posts in the last 30 days only on MKA. Filtered.
SuperRoty
Posted in: MKA
Posts: 6,272
Price: 6.70
No Opinion
Rutile Results15 Feb 2024 10:28
Not invested here at the moment but I cannot see any communication from the Board regarding the results of the rutile samples that were sent for analysis in Dec 2020.
Not invested. Negative bias. Nothing of note posted. Filtered.
They aren't starting over lol huge progress has been made in the last 2 years... The company is in a prime position to go commercial and be the perfect EU CRMA complete REE solution... Will Dawes is booked to present in March at an industry event...
Maple - what, you mean starting over but with a rare earth magnet recycling facility in Birmingham and setting up at least 3 more across 2 continents?
Lol yeah. sounds like starting over.
Nice try
We are swimming in very dangerous waters here. they could lose the entire company at this price. 12 years in and they are essentially starting over
Looks to me like pi's selling out at a loss of fear grips... we will surely find out but this company will likely be commercial by H2 in UK and in EU and US in 2025 ... my only gripe would be if we give up more HyproMag ...
Roty - lol that old chestnut "I hope i am wrong". yes, yes, you are. It looks nothing like forward selling of placing shares. Check out the L2 of hemo that last 3 weeks and you will see the difference. all the forward selling at as unknowns and not as buy/sell.
Looks to me like forward selling of placement shares. I hope I am wrong as there are big placement discounts going on atm. Placing price could be sub 4p or less. Ouch