We would love to hear your thoughts about our site and services, please take our survey 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.
Https://www.nyasatimes.com/chakwera-says-malawi-is-next-biggest-investment-destination/
And let's hope that car battery technology doesn't discover that it can get by with other than rare earth metals in the meantime. Ive got until December 2026 before mortgage due for payment. Surely we'll have an MDA before then LOL ??
Just added another £5k at 10.66p to take my current holding to over 800,000 shares. Hope that illustrates my confidence in this company going forward. If it ever does hit the mythical £1 share price often referred to on this blog, I could afford to pay off my mortgage and buy a nice little winter apartment in Oz, (where I have dual nationality having lived there for 10 years back in the 80's). Until then just pray and hope every day that this MDA lands and we can crack on with getting some stuff out of the ground.
This extract from RNS a few weeks ago suggests otherwise, and that things are indeed moving forwards.
"Philipa brings a wealth of experience to the Board and her background in sustainability, health and safety will be of enormous value to Mkango as we progress the Songwe Hill project in Malawi and our recycling business in the United Kingdom, Germany and the United States. We particularly look forward to her contribution as Chair of the newly formed Sustainability Committee of the Board. Sustainability has deep roots in Mkango's corporate culture and is a key driver of our success in Malawi"
Not paying any heed until/unless we get an RNS...but definitive news would be welcome.
This is panning out exactly as I feared it might, and as I alluded to previously. TIA. But it can all change in the blink of an eye of course, and we all hope it will. GLA.
I haven't paid to see the article but the run-in sounds positive and it's up to date so maybe this and the passing of the act are positive pieces in finalllllly getting that MDA over the line
Malawi targets minerals expansion with mining development deals
In depth
Issue 486 - 11 Jun 2023 - By Tonderayi Mukeredzi | 3 minute read
Malawi plans to use its abundant critical minerals to reduce poverty and cut its long-standing dependence on agriculture. Following a mining development deal signed with Australia’s Globe Metals and Mining in March, several more agreements are in the pipeline, writes Tonderayi Mukeredzi.'
https://www.africa-energy.com/news-centre/article/malawi-targets-minerals-expansion-mining-development-deals
It's the hope that kills.
https://twitter.com/Times360Malawi/status/1668626431029694469?s=19
"President Lazarus Chakwera has today assented to seven bills that were recently passed in parliament.
This has been done in accordance with the powers conferred upon him by Section 89 of the Constitution of Malawi" (included is Bill No. 13 of 2023: Mines and Minerals).
i just looked back to the rns in january which mentioned that the mda should be finalised “shortly” it now feels like we will see the second coming of the christ before the malawi govt will get off their fat ****s and get this done. mkango are still sounding about getting the first concentrate early in 2025!! not a hope in hell. day after day, week after week, month after month and still we wait for this bombshell to land. i’ll bet the ukraine war will be over before we ever see this “mirage in the desert”
Https://www.proactiveinvestors.com/companies/news/986598/mkango-resources-releases-definitive-feasibility-study-for-songwe-hill-rare-earths-project-in-malawi-986598.html?region=ca
“ Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) unveiled a definitive feasibility study (DFS) for the Songwe Hill rare earths project in Malawi that indicates a US$559mln post-tax net present value (NPV) and a 31.5% post-tax internal rate of return”
I wonder if talks have well and truly stalled...
Come on MKA, drop that US/UK backed MDA bomb you've got locked and loaded!
Neodymium ticking up again.
NEW: Sunak and Biden charge batteries of the Special Relationship tonight - shaking on sweeping economic security pact
New Atlantic Declaration will see the UK and US tear down protectionist trade barriers on critical minerals vital for electric cars
Well thats Super!
He ended with 'Super profitable business' :)))
2
Neodymium continuing to rise
1 so far!!
Sweepstake on how many times Treger says his catchphrase - "Super Excited"
Took another 5K shares here. Feels like it could be the calm before the storm. Or could just be heat stroke :) GLA.
"For electric traction motors alone, estimates suggest that global demand will increase to twenty times its 2018 level by 2040."
"According to Adamas Intelligence, Toronto, global consumption of neodymium (NdFeB) magnets grew by 18.1 percent in 2021 and is forecast to increase by a compound annual growth rate of 8.6 percent through 2035" (from the Noveon article)
Those are kerazy growth numbers and we're not even talking about military hoarding yet which is absolutely nailed-on to happen.
'demand in this sector is expected to increase by a factor of almost four over the same period. To ensure long-term security of supply, intensive research is therefore being carried out into processes for recycling neodymium and the like. '
https://newsroom.porsche.com/en/2023/innovation/porsche-engineering-magnetic-raw-materials-32040.html
'Rare earths and technology for the green revolution '
Speaker at 2023 Junior Indaba conference Jburg 6-7 June
https://www.juniorindaba.com/speakers/2023-speakers