The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cracking price for buyers though eh - make hay ...
Whatever it be the future looks good from what I can see it's being done properly for best execution songwe will come along soon I'm sure.
If HyProMag listed today on the LSE (likely be £30m+) but at face value for what Cotec paid, lets say it listed at £15m GBP with board members Julian Treger, Braam Jonker, Will Dawes, Alex Lemon and John Singleton and Lucio Genovese do you REALLY think it would be sitting at £15m!
Two fully funded plants *(both worth £5-6m each and could bring in ~£5-10m USD of revenues PA)
100% ownership of the technology
There is absolutely no way it would list for less than our current market cap, never mind the £15m face it has been acquired for - then you add in a future JV with Cotec (~40% I reckon we will own) they could be providing access to ~$30m USD (own pockets and grants) its just insane!
This is all without the GIGANTIC SONGWE RARE EARTHS PROJECT! Currently one of a few construction ready projects globally and outside of China! In a 'usually' favourable jurisdiction! Fair enough they want a bit more after being taken to the cleaners the last few years / agreements, cant blame them but it will be a win win for everyone in the end.
Solid today. Looking like buyers have taken their positions and waiting patiently for that MDA to land.
I think this’ll see 40p before the end of the year.
Worth remembering the CEO put £100k of is own money on the line back in Feb and bought more shares. You can buy them cheaper than he did right now! How long will this last?
Extract from Feb RNS below.
London / Vancouver: February 14, 2023 - Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Company" or "Mkango") has been informed that William Dawes, CEO of the Company, has purchased 800,000 common shares without par value ("Shares") in the Company, comprising 400,000 Shares at a price of 12.95p per share and 400,000 Shares at a price of 12.75p per share.
Following the purchase of the Shares, William Dawes is the beneficial owner of or directly or indirectly controls a total of 9,521,443 Shares in the Company, which represents 4.42% per cent. of the issued share capital and total voting rights of the Company. William Dawes holds 975,238 Shares in his own name, with 8,546,205 of the Shares controlled through Leo Mining & Exploration Limited, a company in which William Dawes is a Director and owns 17.3% of the issued and outstanding shares.
FWIW - my chart tea leaves reading suggests end of August or thereabouts.
Considering I thought the MDA would land in July/Aug 2022 *(not 2023!) I am going to go with the following predictions!
MDA Sep 2023
TEP Update Oct/Nov 2023
Cotec JV / expansion into US Dec23/Jan24
Other news that could land
- ofc if/when any of the above do land, then you have a staggering amount of follow on news
MDA would be financing, offtakes, strategic investors, buyers etc.
TEP would be OEM contracts, partnerships, quality of the product, scale up financing (JV with an auto OEM?) expansion etc. etc.
What comes first:
- MDA
- Cotec JV news
- Tyseley Energy Park Production Update
Any other thoughts?
Welcome back! Hopefully the second best news we will hear in August!
Ok lads ..i am temporarily back after six weeks in hospital for eye surgery. Pleased to say my sight is much restored. Dickie GLA
Think though this could be historical writing as I cannot find any up to date.
Songwe Hill, a carbonatite-hosted rare earth deposit, is the main development target in retention licence RTL 0001/21, one of a block of eleven retention licences which Mkango refers to as the 'Phalombe Licences.
Songwe hill is our flagship project in Malawi.
They meant Mkango, no doubt about it (imo)
Looks like consolidation possibilities are very real. Very good for mka
https://mwnation.com/experts-cautions-on-mining-ventures/
Agree Lewis all looking positive
Strange one to be sure as personally I'd never heard of Mkanga, never mind them operating in Malawi.
Also a district on Malawi, also Phalombe mentioned which is really MKango central.
My half full view says done deal, half empty says the article writer used ai to generate, but it was a quote so maybe not.
Either way current sp says something is going on imho
Oops sorry wrong link. According to Google MkangA is a mining site in Zimbabwe
Can't really see how that's us, otherwise would've been RNS'ed. It will come though... and soon!
Thank you, I'll check it out
Google mkanga mining phalombe it just leads you to mkango!
Spider sense is tingling LOL!
GL.
Many thanks for posting, sounds very good, but....
"Meanwhile, the Government of Malawi has signed agreements with mining companies such as Global Metals to operate in Nyika in Mzimba district, Sovereign Mining to be extracting graphite in Malingude, Lilongwe, Mkanga Mining in Phalombe and Lotus which is set to take over Kayelekera Coal Mining.' "
Is this a stupid question: we are indeed in Phalombe, yes, but the name of our company is Mkango Resources, not MkangA MINING. We are talking about one and the same company, are we?
Or is it just a matter of wording, and do they really mean Mkango (and are we LTH's going to be very rich very soon)?
Anyway, very eagerly awaiting the next couple of weeks.
GLA