Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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"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.
Money i think is in recycling.
Govs will throw cash at that.
All internal value creating within your own country. No political risk etc
Just found this.
Looking good.
https://www.nyasatimes.com/mkango-assured-of-mda-by-2023-end/
Is that still the case, by the end of 2023?
Yes, Malawi first imo, as they want to publicise the event as much as possible as it's a significant step in growing their economy and secondly it's aim to forward outside investment into the mining sector. This will be a landmark venture for them, showing that they're capable of doing a good deal.
The pressure on them is daily now since announcement, PUBLICLY, that they're giving MKA the MDA before year is out!
I agree probably from the Malawian govt first. As to when, hopefully soon.
I'd expect PR overdrive when it's announced, lots about years of hard work and leaving no stone unturned in negotiations. Partnerships, maximising socio economic and fx benefit to Malawi. Win win and warm hearts. Lots of positive spin.
I'd imagine Malawi gov would get the thunder and would be announcing first. I believe that's what happened with Globe's MDA. Malawi gov announced and press release, then details of the MDA followed and then a day or 2 later Globe RNSd (that's from memory so I may be wrong).
Like many I am sure, every morning at 7 I check to see if any news!
It got me thinking about when/how the news of the MDA will be announced. Of course the first we should know would be via an RNS but how likely is that and I can't imagine it will be a 7am one?! I am guessing the Malawian government would be very 'leaky' and want all the fanfare themselves.
Anyone got their own thoughts??
I've seen periodic attempts by shareholders groups to push for a simple system that reports trades in real time tagged buy or sell. The powers that be in the City tend to resist, claiming people asking for such a change "don't understand the system".
Interesting. Thanks Bonker
They can do anything they like - it's common practice to delay the reporting of a trade for an hour, or even a day or longer, to try and give PIs the wrong impression.