George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Maginito and CoTec launched the roll-out of HPMS technology into the US during the quarter with the
following activities:
o Evaluating the development of recycling, chemical processing, alloy and magnet manufacturing;
o CoTec and Maginito to form 50/50 joint venture for US developments, with CoTec to fund
feasibility study (the “US Feasibility Study”) and project development costs; and
o Engagement with US Government, potential customers and recycling partners.
• Based on positive scoping studies to date, Maginito and CoTec have commenced planning for the US
Feasibility Study for the United States operation, targeted for completion by mid-2024
I would love that but there's only 15 days of trade left plus 3 dead days between Christmas and NY
It's not a red day
All looking even better financially than I'd anticipated.
Usual AIM traders panic selling on a red days.
Hopefully we've consolidated previous price gains from a ridiculous 8p. Next leg up now
Not much available to buy chaps - I've tried ...
Plenty of interest here still I see.
December tomorrow.
Https://www.proactiveinvestors.co.uk/companies/news/219475/mkango-resources-sets-itself-for-rare-earths-upswing-as-evs-take-off-219475.html
Initial predictions include the potential for US$50 million a year of revenue based on an operation that produces some 500 tonnes of product per year. Potential operating scenarios could target EBITDA margins between 35% and 40%, the company added
£2m cash left - that's better than we thought?
"Just look at the topic of critical raw materials...China has bought mine, after mine, after mine, globally, takes the raw material, processes it in China and has the monopoly."
Well Ursula if you are so concerned - its obviously time to get on the dog and bone to Mr Dawes!!
Agree Bladey. Chalk and cheese. And Globe's MDA came before much of their feasibility and technical work etc, and crucially before funding. MKA's negotiation is being done in tandem with funders we think so the project should progress quickly once the MDA comes. The ducks are pretty much in a row.
Imo the MDA isn't far away but I'm not holding my breath for the end of this year. It was also promised last Jan for example. There's also an inherent contradiction in Malawi saying it'll be given this year at the same time as saying there's still a few points to negotiate.
Secondly, our MDA triggers further plans for world dominance, (put evil laugh here), through hypromag.
Firstly their asset is different, and secondly our BoD has hammered home a deal beneficial to the company... in light of the asset quality, its scarcity, global/political play and the years of due diligence and expenditure! IMO No comparison!
Wasn’t it Globe that got their MDA first? They are trading below where they were before their MDA.
I would expect the opposite!
As we know Aim can be a 'bit' of a gamble which made me believe we would have a steady rise from when it was announced the MDA would be signed by the end of the year.
If it gets signed this will surely go up by a good few points. Maybe they will come in the next week or so
It is because the deadline for the MDA is fast approaching; realistically nothing is likely to happen in the last two weeks of December so that means we are still in the dark with approximately two weeks of the year left.
And confidence in this outcome is understandably low. Which does of course mean that if there is not yet further delay or difficulties, the SP should reverse upwards strongly.
It could also be a degree of concern over what the potential deal might look like. HZM might be in the thoughts of a few people, hence this selling we have seen.
I still have my trading tranche here, and I am not anticipating such a dreadful situation being (mis) managed by our BOD in a fashion like that one, but until we see the details of any deal, it may be a factor in the thinking of some.
Just came across this on YouTube, it’s from 3 years ago so some of you may have already seen it but it may be of interest for any newcomers.
https://youtu.be/TxOBGV6mlOQ?si=Uo9EtlFphi4UfqIT
Shall I turn the lights out when I leave? Strange exodus Pre 9 and mid afternoon. Cant believe people losing the faith now of all times!
The Chinese are as equally as shrewd as the yanks....IF not shrewder tbh, look where they've come in the last 40 years, whereas the yanks have taken a good century and a half. Chinese want to secure their future technologically and there's no beating around the bush on that topic. The west is literally scared on their appetite for controlling, prob the most wanted line of commodities/minerals for the next 50 years if not longer! Love watching how this story pans our, but either way MKango are uniquely positioned to make it a win-win scenario for them/us.
Hypromag is just another massive story with a massive rapid scale up to alongside that story!
Https://www.afr.com/companies/mining/exposed-chinese-heavy-hitters-linked-to-rare-earths-battle-20231126-p5emt1
China clearly getting militantly desperate with regard to trying to maintain its REE market control as the west gets serious about breaking that grip ...
If anything here though we have had a big seller so not really a Chinese player trying to take control lol ... but I'm sure we are on the radar the Songwe offtake was originally in a deal to go to China... And Talaxis is still at least officially down as having the biggest holding here...
Genuinely doesn't feel like anything is priced in. Absolute behemoth in the making.
Just came across this little gem,Is the MDA already priced in? Interested to know peoples price predictions over the next 12 months!?
Https://www.aljazeera.com/economy/2023/11/24/its-nothing-malawi-nurses-reject-wage-rise-amid-economic-turbulence
Interesting interview with President Chakwera. Looking to position Malawi with both the west and the global south (both and, not either or). And in the last couple of minutes of the interview he mentions Sovereign's rutile and the "other minerals" and believes Malawi has the prospect to be on a trajectory of real development.