George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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It's evident there will be a massive market correction at some point between now and the next 2 months and timing it will be an impossible task, so it's best to, (IMHO), stay in and wait rather than chance the timing.
Added 100k today. Did the research and surprised see current stock price levels. Looks like bottom. Russia closes borders for its metals. MKA takeover seems to be more and more likely.
Flundra. Let’s hope so. After all they have been paid for work they have done …..and the fact it’s tied up until June / July is great, funny that because it’s exactly the same time as the MDA that was announced in last rns being 3 months away.
We should be sitting comfortably in the mid 30s. We are not. I think the patience required in this stock will actually change ones investing behaviour for the better. We have expected so much but got nothing. When we expect nothing they will give everything lol.
Welcome to Aim.
Might tie in with Bacchus' input, experts in public market takeover and defence.
I agree Lewis, all ducks are being put in a row. Jones Intl/Bacchus, US state department and EU, completely dried up newsflow and Comms barring the bare minimum required, TR1 holders sat at low SP doing nothing but waiting. This is exactly the kind of setup that leads to a buyout. Shareholders being coerced and coerced into selling at low prices. Every tactic in the book to put off buyers. Trading 40% off highs with no volume. We shall see, but I am leaning towards that outcome also.
All the signs are there.
Lewis. I have probably visualised every possible outcome in my head many times.
It’s nice to know they have paid this group for their services ….errrrr what did they actually do for Mka ?
Good to see things still ticking in the background.
Forgot to mention we also have a nickel / cobalt licence area in Malawi which would most certainly interest many but it’s all found be under NDA as overnight mentioned along with our rutile.
Another day closer I suppose.
They are clearing the takeover decks in my view. At what price though. Comparative to Pensana I would still suggest 60-70p a share
Well. Looks like I wasn’t far off again. Only a day late.
I am hoping to see a decent rise today on the back of this bogus rns. Market sentiment is good. Hoping to see a nice move up today.
Very interesting read from Proactive Investors this morning: Sovereign Metals joins UK Critical Minerals Association. Spells out the worldwide strategic importance of Sovereign’s Kasiya rutile project in Malawi that is right next door to Mkango's own rutile find
https://www.proactiveinvestors.co.uk/companies/news/976336/sovereign-metals-joins-uk-critical-minerals-association-976336.html
I think the upgrade to local roads and bridges by the Malawi Road Authority could add further weight to a buyout/deal having been done. I can't see the Malawian government being willing to spend funds without knowing exactly how things are being financed (and presumably if MKA had financed the upgrades they'd need to release that as news to shareholders). At the end of the day Malawi hasn't got the money to upgrade infrastructure based on possible outcomes and promises.
On a similar note I'm assuming the fabled rutile results have long been under an NDA for a buyer, possibly with US connections given rutile's importance
The fact that the EU, US state department and JL are involved is all unreal for an aim jr. The fact things are so close to fruition and the SP is being continuosly dragged backwards is no coincidence. 38p when it wasn't this close! That's really why aim has the poor reputation it does, it's complete BS to have made this much progress and be this low. It seems so out of kilter with reality for the company and the strategic importance of the assets.
I completely agree. Since their appointment last year the Jones Group/US angle has had suspiciously few (any?) mentions by the company, not including the tweets. Yet their standing as an advisory group is top rank and head spinning for junior AIM miner.
It could well be everything is being tied up ready to go in Malawi and then handed over to a buyer, leaving MKA with its HyProMag interest and the separation plant. The big dollop of cash would certainly tick the 'delivering an advantageous solution for all stakeholders' box... unlike this current share price
I suspect there is a buyout on the cards given the Jones Intl role. Quite common for a share to be smashed like this in those circumstances.
It's also very very poor market making too. Having a published spread like this and a live spread you could sail a yacht through, is simply the opposite of what their job is - IE making a market.
Really can’t believe we are dead in the water for sentiment or volume. Yesterday was decent but there’s an obvious seller out there and until he doesn’t F off then I’m afraid we are stuck here for the foreseeable future.
Luv the company and what it does. The position it’s in and looking forward to the next 3 bits of newsflow. After which I will make a decision on my holding.
Coming up to halfway through March n we have only had 1 rns. Hmmmmmm
Does anyone actually know who the seller is? Surely it would be better for the company to try and arrange a transfer into a TR1 holders hands etc. This seems nothing but a recipe for getting a poor return on your shares OR deliberately holding the price back.
Both significant rallies today. MKA's time is near.
my money is on it. The reversal in sp always shows some type of leak. We will close up positive today from being down 8%.
25p on the ask at close and tomorrow I’m guessing we get a decent rns. Hopefully a jv for thambani or hypromag license deal.
Lithium and Rare Earths Market Outlook
Supply outpaced by demand growth
Key points
? Production guidance from major lithium producers have fallen short of our
expectations and we upgrade our price outlook to reflect the tighter market.
? Spot lithium prices in China already exceed US$60,000/t and we now
expect spodumene prices to peak at US$4,000/t.
? Rare earth prices have also risen strongly, and we upgrade our NdPr prices
by 12-24% for CY22-CY24.
Event
• We are upgrading our lithium and rare earths price outlook to reflect further
tightening in supply/demand fundamentals and strength in spot prices
Well I’m glad some of you are feeling what I have felt for a while.
Main thing is there’s no profit warning here or anything fundamentally wrong. Yes there are forced sellers out there. Last week we blamed Russian investors. This week we think it’s Myles …in fact I think it’s been Myles all along. He’s got a LT position and maybe got stopped out of his ST position. I see he’s been buying penny shares in different metal areas so easily could have diversified his risk.
Either way I’m glad to say we are at very very strong support. Many new buyers around this level that will no doubt sell in to the 30s if we get there.
We need a bright spark and they ceo promised us newsflow. Another rns this week would be much needed and to get us up to mid 25s-27p area.
There’s not much we can do. After all we are invested in a proper company n not some Ponzi scheme. Keep the faith chaps.
Pensana is up 13% today - MKA is very frustrating - been going backwards for months now. Even though we've had decent news re TR1s, support of Malawi govt... No sure what it's going to take to give this share a kick up the a$$.
I suspect @Myles may be selling as very unusual for him not to comment on yesterday's RNS.
Isn’t it about time this dog crap company pulled its finger out?
Could there be news soon about the Environmental Social Health Impact Assessment which is nearing completion and the Songwe Feasibility again study Nearing completion ?
actually it is you that needs to read the rns again. mda to be released 3 months from today and the feasibility study and valuation metrics will be released then. so you can go ahead and be negative
WRESS, read rns again. The 3 month is the MDA so no delay as we were never given definitive time for that.
Bfs on schedule along with all the potential talks they are in. Even I’m struggling to be negative here lol.
Another rns this week is nailed on. Can see a good pump going towards the end of this week. Happy the pilot rns is out of the way.
Both Mkango and Pensana which I own - are crushed with the wider market. Both on bombed out valuations of c3-4% NPVe (mining + separation) at spot NDPR (prices effectively at highs).
Yes delays for both, but when you trade at these type of multiples, hefty negativity already priced in.
Need for West to secure access to Rare Earths ever more important as critical for defence.
BUY