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Well, what a day
Sorry for the confusion. It caught me out. lol
15 mill market cap. Lottery win and its all mine :-)
More than 40% drop in slightly more than a month. That is a heck of a roller coaster.
It did sound a tad odd lol
FYI this is CoTec listed in Canada https://www.cotec.ca/
Erm...wrong Cotec..that's the Cranfield Ordnance Test &Evaluation Centre...part of Cranfield Defence and Security, which works with the MoD for a wide range of Defence Engineering and Scientific courses
Of course, not without MDA but hypromag and processing at pulwy are all part of the master plan. The mining sector is bottoming out. Great time for savvy investors. We will always need commodities such as these
Lol.
I doubt Cotec would want Songwe so I reckon another smallish raise by MKA whilst the MDA is awaited, unless it arrives in the next couple of months before the cash runs out. In that scenario I'd hope for a comprehensive funding package for all MKA's needs.
The funding will come from Cotec but they will want a bigger slice of the pie.
I walked past their offices the other day. High up on the edge of Salisbury Plain surrendered by MOD land training land and very near the abandoned village of Imber. Cotec are basically in a bunker and I guess the MOD are heavily involved.
Cotec acquiring mka is just a matter of time imho.
Surprised at the MKA silence given the continuous decline in SP day on day. Perhaps they cant have much to say re the MDA, but they need to address the perceived funding issues. Then we can move on .
TVM
Https://www.businessmalawi.com/long-walk-to-mining-deals-the-times-group/
Long walk! slow crawl more like - but its gonna happen. - eventually!
China Says It May Retaliate Against U.S.’s ‘Hegemonic’ Chip War
https://time.com/6565093/china-us-retaliate-chip-war/
Https://www.youtube.com/watch?v=KVdKue28bl0
Watch from 50.25
Monica is in the news again bemoaning the fact that mining only contributes 1% to Malawi's GDP.
https://times.mw/low-mining-output-bothers-line-minister/
If only there was something she could do to address this problem.
'A new study from researchers in China and the Netherlands estimates that reusing or recycling rare earth metals from old cellphones, hard drives, electric motors and turbines could meet as much as 40 percent of the demand for the metals in the United States, China and Europe by 2050.
It’s a promising prospect, particularly for the United States, which relies heavily on imports of these materials, often just called rare earths. That reliance, industry experts say, can make American supply chains vulnerable to disruption and geopolitical risks.'
https://www.nytimes.com/2024/01/20/climate/rare-earth-recycling.html?smid=tw-nytimes&smtyp=cur
A nice recent article from our guy in Germany
https://transforming-economies.de/seltene-erden-warum-sie-fuer-die-transformation-recycelt-werden-sollten/
Fair enough. If I said that, then I apologise for the oversight.
I will not post here again until we either get MDA news or something else of a material nature. Good weekend all.
NySize... don't go in too hard on LWHL, I have been sat refreshing my phone for a good week now waiting on an update of his trading status, finally it came. When he said he would disappear until MDA news came along, I was honestly a little gutted.
Not allegedly - it was in that RNS on 14th February last year. It was that purchase that led me to take the plunge myself.
Luckily (at the time of print anyway) the slightly larger amount I built up over that year and which I offloaded in those last spikes in late 2023, means the bookmark holding I kept is merely an annoyance, rather than the evaporation of decent profit.
There was a time when I would have simply sat tight, but expensive historic lessons in this space have been learnt.
And if we shortly see news that blasts the SP much higher than the 12's, before a potential raise or a non-dilutive finance deal, then that will be fine too. I will be happy for those PI's that have held on.
And I would rather the small remaining stake I have goes into profit (which would be the first time for that tranche), rather than have to dump it for a tax loss (if I deem it appropriate, depending on news at the time).
Until then, I am neither a buyer or seller here. Just a waiting game. GLA.
No way of knowing - if they dilute then the cash goes on the balance sheet anyway so it's not likely to move the share price much - a premium I would assume is unlikely but then who knows, allegedly the CEO took £100k @ 12.9p last year ...
Of course. It must be me that is responsible for the three year low print today. All those sells over the past few weeks...you got me! You sure are one smart cookie. Just block me if you find my posts triggering, churl.
That is pretty much what I think too, bonker. Hopefully they can secure a finance deal that is not detrimental to current shareholders. Maybe a placing at a premium even? I have seen that happen elsewhere in the past.
GLA while we wait for something definitive.
They're just about out of cash I think so I think we'll see something pretty soon - anything below 8p is at a discount to Cotec's marked-to-market valuation of £20m remember though so if it goes there I and others will slam it hard.
An incredibly exciting year ahead here, I'm really looking forward to it - I noted Samsung's Galaxy S24 reveal the other night mentioning recycled Rare Earths in their phones - how about that for a partner eh?
https://news.samsung.com/global/enter-the-new-era-of-mobile-ai-with-samsung-galaxy-s24-series