Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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BFS will rns by end of this month latest with the mining agreement within 10-12 weeks.
Ogftake discussions have began and can be announced before the MDA so watch this space.
IN discussions with potential funding partners and off takers is the green light we need here.
Finally jonas group are active in our process. Expecting a big big few weeks here and done heavy news.
Feel like another rns is dropping this week. Hypromag. Thanbani. Rutile.
Good summation. The perfect storm around Mkango is at critical mass. Political and economic imperatives pushing things forward. BFS is 95% done and agree, will land in under 3 months. Malawian gov doing everything they can. What an opportunity at 24p. Nearest peers all at a 100p. Get in and sit tight. GLA
In short:Feasibility nearing completion and on track having successfully produced rare earth carbonate.Mining development agreement being finalised but Malawi government has publicly confirmed it’s intention to do so, and has already started building the road infrastructure.Discussions with potential off take partners ongoing (see link to Jones Group which is in effect the US govt), and discussion with capital providers. It would appear this will get developed out and sold to the US govt. Expect to announce final results of feasibility and MDA within 3 months of today.IMO it won’t take 3 months. The US govt willwant this before any risk of the Chinese getting eyes on the Malawi prize particularly given current global events (rare earth is as important tor defense as it is for the auto industry). There is a reason why the plant is in Poland - a NATO country. The same NATO country that is reportedly to receive US jets in return for sending older aircraft to Ukraine.Remember they were speaking to the US govt sometime ago. Would appear to have been the plan for a long time.IMO the entire operation is strategically too important to US national defense interests for it to do anything other than get to production asap.I wouldn’t want to be out of this trying to guess when to enter ‘in the next 3 months’ given how fast things could move.
Green light
Oapk20. I think that must be the case. For the life of me I wish to change the sp on a daily basis to profit but unfortunately I don’t have the clout just yet lol.
Looking like the seller continues, regardless of who has de-risked super and we take your word for it, the point is why have they delayed it so much ?
Hopefully there’s a good reason behind it. I noticed sovereigns rns yesterday about a 25 yr off take agreement for their rutile which is next to ours. Sp up 10% or it added £10m to the market value.
They are valued at £110m, seemed like big news to me but a 10% rise is ok at best. I really hope this does not turn in to a slow burner. At this rate we could struggle to see 40s for a long time.
Sorry, why would sanctions affect us? Or are you referring to our Russian holder? I assume he'd be locked out, and if he did manage to sell off, once the headaches in Ukraine are over, (soon I hope), he'll just buy back in assuming that sanctions are removed/reduced.
Scuse the naivety
I wondered exactly that.
Or a seller is bailing before sanctions. If so, once they are cleared bring the news.
Munch
Are you actively trading MKA and trying to get the wider audience into buying and selling? Most people are happy to let this one ride. I derisked months ago and happy to let this ride.
Wow Munchbox. You come across and clearly referred to being an emotional investor and some of your posts are concerning with clear emotional swings. You know your stuff when it comes to MKA so you are clear on the fundamentals, why are you panicking? You’re clearly watching daily movement but if you have invested for the fundamentals surely you are confident in MKA delivering??
There is risk in every investment so you always have to be prepared to lose your investment, but your nervousness suggests maybe not? You need to make your own decisions whether you’re prepared to hold based on fundamentals or you’re a weak holder and going to sell. You’re posting like the latter so I’d ask that you stop posting rubbish and talking the price up and down and either sell and let a stronger holder take them or grow a pair of balls, hold your share and start posting more informative and helpful posts like you are used to. I’d be more than happy to engage and talk to that Munchbox than the nervous, weak holder.
Jumper over and out
Looks on the cards here. No emotions. Just real talk. There is absolutely zero buying pressure to outweigh the selling.
Mms will take this down to 20p. It is what it is.
NB4. Good points. Drip feed is one thing but I’m sure each one of the expected news flows are significant in their own right.
Anyway I think the mms got scared today, I put the kettle on …..nearly had a shock at the sp so funded my account to go ahead with a angry emotional purchase and they shifted it quickly to unchanged. :)) looks like it’s working.
Let’s hope we close 26p. I feel calm today. Looking at Russian stocks plunge just sets in unease although Mka have nothing to do with any of it.
I’m still here. Holding strong. Have come this far I don’t think I’m leaving early. Come on mka
21 more business days until the end of Q1. Plenty of news expected in that time
Stock correction overdone and offers great entry point.
Trading on bombed out 3% NPVe (mine + separation) at spot NDPR prices, on my calcs.
Need for West to secure access to critical minerals, of which rare earths been top priority, ever more important.
BUY
and if in doubt look at the mcap compared to the last set of financials, and then the potential future value based on the assets held. Even if you apply a very heavy discount based on the risks and current status it is undervalued by a long way IMO
The BOD will know the market doesn’t like uncertainty. Positive results from the feasibility will be great, but immediately the next question will be ‘and what’s the plan’.
No point having drip drip of news. They need to be able to update on progress and give a clear strategy on route to commercialisation of the project, or sale. If it’s not a JV or sale (which would be the obvious) then it will require an additional capital.
Invest on the fundamentals. Nothing has changed (other than the stability of the market). Sellers sell for their own reasons. Liquidity issues as a result of wider portfolio problems, lack of patience, perceived opportunity elsewhere etc etc. These boards are full of stories of missed opportunities - mainly from people who spend their time trying to catch something instead of focussing on fundamentals of the investment.
Interesting, Sovereign's licence is right next door to Mkango's...
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/975645
See
RNS Number : 0653A
Mkango Resources Limited
25 September 2020
TR-1: S tandard form for notification of major holdings
Each to their own.
Can someone explain why they are taking this long when there’s so much to say.
Can you guys remember me posting last week saying what’s the point of us dropping in this market so lie to a point with all the news we will barely enter the 30s. Well that time is close.
Don’t kniw about anyone picking up my 567k shares when I do sell and I appreciate many saying not to get emotional but the truth is there are bargains out there that could become cheaper.
I’ve been here long enough to wait for company history making news. And will wait for the rns to drop but let it be known I will be the first out of the window. I say it how it is and don’t hide behind any BS. Unless there’s a buyout all of us can only dream of £1.
Hope super is right and our Russian investor is doing a runner lol.
Looking bk now I sent the email a day too early and it should have been today. Never mind. I have powder dry as mentioned before and by the looks of it my 21p target looks set to come in ….. all that will mean is o can jump of this gravy train earlier than I thought with a lower average.
It’s criminal how they have held back rutile results. Also Myles picked up on the potential hypromag deal. I mean there’s so much yet the bod are playing dead.
So the motto goes: as the material in the ground reaches record levels the sp keeps falling to lower lows. It’s does not make sense. Yes I believe there was a forced seller today of some kind but remember never to fall in love with any share. Nothing is promised, finally as I mentioned last week that in these markets Any news will get sold off and mms will mark us up 10-15%.
It’s better off waiting for Q3. Might aswell Forget Q2 hey. I mean what’s the point.
Rant over. Patience wearing thin. Hungry. Long day at work. Let’s hope I feel better tomorrow lol
Created a drop.
Sorry munch
To buy something else and average down. The share went up and I was 5k up.
I put it back in here.
Sorry munch if it caused your actions
re...Maybe our Russian Tr1 holder is doing a runner....
who might that be? tx
Maybe our Russian Tr1 holder is doing a runner
https://twitter.com/MkangoResources/status/1498611654782816260?cxt=HHwWiMC4uYXXkcwpAAAA
A bright vision for the recycling of #RareEarth magnets - excellent @InnoNewsNetwork
article on #HyProMag set to become UK’s first recycled magnet producer - Mkango very pleased to be supporting its growth and early mover advantage via our 42% strategic interest #MKA #RareEarths
Innovation News Network
@InnoNewsNetwork
· 1 Mar
Professor Allan Walton, a Founding Director of HyProMag details their pioneering short loop magnet recycling HPMS technology and how the recycling of rare earth magnets can be unlocked.
#rareearth #crm #rareearthmagnets #circulareconomy