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The CEO needs to remain focussed, updating a few 10% traders on the future of a mine with decades of revenue is not in the slightest important.
Most complaining on here won't be around after the MDA lands, fact.
This company has a ceo for goodness sakes. never mind the board of directors. where the heck is the ceo? nothing at all to say? shocking if you ask me
Has anyone emailed/contacted the board? If so what was the response?
Tis about time the CEO told us where all these shares are coming from - shall I nip over to Tyseley and ask him, it's only 3 miles away?
They need to update the market and shareholders. If there is a raise - get it done. This silence is absolutely killing sentiment - they usually pull a decent deal out, but we need communication. The MDA is becoming a fiasco but is certainly priced in. Put it on the back burner and move on. Its become too much of a distraction at present. Funding is what needs clarity.
I've just tweeted myself re money spent planned to be spent (by others ...) here to get the 3x US plants going plus the DFS for Songwe will have cost £10m - bonkers value @ £17m but so be it - have added of course.
I don't think it hardly matters if they raise at 6p now lol but of course anything could drop at any moment to send the SP screaming the other way ...
Back tot he price I first invested in at the back end of 2017, ~6.5p (waited for the dip after the initial Talaxis $7m was received) and thought, this is a company that knows how to get a good deal done.
Since then, they've actually signed numerous, very good deals!
Bought HyProMag for an initial £500K + option to convert an extra 8-9% for a 49% interest
Sold 20% of Maginito for £3.5m
Then bought the entirety of HyProMag for ~£5m (already owned 49%) giving it a face value of ~£10m, however Cotec paid £3.5m for 20% so that values it around £17.5m
Added more value to HyProMag via
- Placing for raise funds for a German plant + 3.6m Euro Grant
- Started at £.4m wind turbine project
- Concluded the UK first NDPR magnet commissioning post a £6m project
- First revenues commenced in Birmingham, POC completed
- Partnered with Cotec to set up 3 plants in the US (pending US govt funding ) and a magnet production facility
It's safe to say, the BoD have potentially 20 bagged the original £500K investment in HyProMag
We also have a Uranium asset, where the price of the commodity is up considerably in the last 9 months (100% spot rise, which sounds even better if you consider say at $50 spot price your profits may be $10, now your profits are up 600%)
Would be shocked if our strategic BoD are not initiating a JV as we speak... hang on does anyone remember this?
https://mkango.ca/news/mkango-announces-us-2-000-000-earn-in-agreement-with-metalnrg-for-the-thambani-uranium-license/
Was terminated because we eventually lost faith in Metal NRG (investors helped a lot with that one)
That was when spot price was $23, it is now $106!
So there may be a lot of JV interested parties knocking on our Thambani door
In terms of the MDA, I think it has now become a running joke. That happens on AIM, it comes with the territory. We will keep plodding on until terms are agreed, at this price and market cap it really can do us no harm now to keep our feet firmly on the ground and make sure we hold out for the best deal possible for ourselves and Malawi of course.
In terms of raising capital, when you take into account all of the above, you'd think we'd have multiple options! Maybe the amount of time this has appear to take, shows the complexity of it
- Do we sell more of HyProMag via Cotec?
- Do we look for a JV for the Uranium Asset? Or do we just sell the asset?
- Do we simply raise at equity level?
- Do our directors have enough for quick bridge loan?
- Can we sell a royalty for Songwe?
So many options, one hopes the final decision is not a discounted equity raise at 6p!
Touchdown - I think.
My view is that the potential for this has enriched over my investment period.
With my avg currently at 15p I am not concerned at all.
It is all about milestones and progress. I do actually prefer the BoD silence until there is something to say. The MDA is out of their hands.
Fortunately they run a tight ship, the last raise was only actioned dyie to the need to contribute their share for a grant, with the last large cost project bring the essential DFS.
The market for REE is suppressed and people are not interested commodities. This will change. The green shoots of post global crisis are there.
This is what investment is all about.
I do think an update on magnets would be nice, the MDA will happen, the when is not so much of interest to me.
I look at the 15mill market capital and I cannot believe it in honesty. It should be x3 on the prospects alone yet its worth less than the magnets business that is set to fly.
If someone came in, e.g. cotec and offered 20p a share to takeover it would be a steel.
I'm only 3 years into my investment plan here out of the 10 I envisaged and I have been buying all the way down and will continue to do so.
Just anything would be good!...I suppose there are all kinds of ways this can play out from great to disaster but with no BOD comms who knows.. surely there has to be a plan B on the MDA, maintaining the Malawi licenses costs peanuts so if we have to wait on Sovereign and others to get the Gov to agree to investable MDAs so be it, of course, it could well be those final points are all resolved and all is good but the evidence so far is that is not the case and absolutely no point in signing an univestable MDA... The recycling goose that can lay the golden eggs is being dragged down by this and Mr market knows funds are soon required here
Makes you wonder what morale is like in camp. Cucumber cool or flapping like an injured wood pigeon. I mean, just some sort of director buy down in the Mariana Trench would be reassuring??
Https://www.maraviexpress.com/standard-bank-plc-asks-chakwera-to-reinforce-an-effective-performance-management-system-for-all-mdas/
Need to scroll down a bit, long read but section on mining mentions MDAs (related to mining)
Patience and nerve required
This is desperate for any crumb of news. Come on BoD.
They are happy to sell exploration licenses that's easy money it is the signing of investable MDAs that is the problem ..We might get to hear something more with the Finance minister giving a budget statement this Friday but won't hold me breath even though clinging on to the seaweed lol... BTW a bit of a drama going on with the Malawi parliament at the moment with opposition MPs being locked out
Https://www.theafricareport.com/336206/in-malawi-green-light-for-mining-exploration-causes-outcry/
If they allow mining here then it shows they are pretty open to any new options!
Just keep holding on chaps ...
Yeah HyproMag is better value than any REE mine or miner I just hope we get to see full value for it which is in the balance at the moment
Don't worry nomlungu, it's not your fault, but soon EVERYONE will be following this story!
Mkango is not a company I know much about but noticed this today when following links in a Bloomberg story:
https://www.bloomberg.com/news/articles/2024-02-09/eu-us-to-align-global-minerals-push-against-china-s-supply-grip
https://www.state.gov/joint-statement-on-the-minerals-security-partnership-announce-support-for-mining-processing-and-recycling-projects/
From the US GOV statement:
'HyProMag: HyProMag is commercialising rare earth magnet recycling using Hydrogen Processing of Magnet Scrap (HPMS) technology, developed at the University of Birmingham, UK, which can liberate and recycle magnets from end-of-life scrap. Having commissioned the UK’s first rare earth magnet recycling pilot plant at the University of Birmingham in 2022, alongside the UK’s only facility to make sintered rare earth magnets, HyProMag, together with the University of Birmingham, are developing a large-scale recycling plant at Tyseley Energy Park, Birmingham, with first production by the end of this year and supported with funding from UK Research and Innovation. Investment from UK-Canada listed Mkango Resources in 2020 has helped scale-up and catalyse international growth initiatives, including in Germany where HyProMag has established a sister company, HyProMag GmbH, and in the U.S. through a new Maginito-CoTec 50:50 joint venture company, with evaluation of other jurisdictions underway. Maginito (79.4% Mkango; 20.6% CoTec) acquired HyProMag in 2023. In line with MSP’s commitment to recycling and reuse, the development of new sources of recycled rare earths can accelerate development of sustainable and competitive rare earth magnet production.'
Coming our way. share price simply cannot be held this low for much longer.
These events will continue to happen, see why Hypromag has this much interest?!
https://x.com/redboxwire/status/1757054727647302046?s=46
US and EU Want Greater Links to Loosen China’s Grip on Critical Minerals
https://www.bloomberg.com/news/newsletters/2024-02-12/supply-chain-latest-us-and-eu-efforts-on-critical-minerals
Nobody is forced to buy, hold or sell.
Do what’s right for you, if you’re not comfortable with the current cash situation and notoriously long mining process, avoid buying or sell your holding, it’s that simple.
Others are happy to be patient.
Anybody who thinks some random’s opinion on a bulletin board like this will have any impact on a share price, should not be investing.
Leister
Globe Metals got their MDA in March 2023!
https://www.miningweekly.com/article/globe-clears-mda-hurdle-in-malawi-2023-03-29
Malawi don't appear to be in any rush to wrap up anything anytime soon.