Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The price of NdPr also seems to have (at least for now) stopped it's decline.
https://tradingeconomics.com/commodities
Don't forget China of course - how fab to get caught in the middle of a tug-of-war between them and the Yanks lol
https://unherd.com/thepost/what-chinas-rare-earth-metal-ban-means-for-the-west/
Some one just replied to that tweet stating article is dated 19th January - Monty Montana
That was from Jan 19th from this article I assume bit even so if maturing we could be nearly there:-
https://capsindia.org/the-future-of-us-investment-in-africas-critical-minerals-securing-its-supply-chain/
Probably related to this...looks like game on!
https://twitter.com/OC7990/status/1656657785529200648?s=20
Why the rise? Has something happened?
Yep - and pity the suckers who sold at 10p this morning!
Well that was interesting - you just never know what's going on behind the boards eh?
The CEO's recent £100k @ 12.85p was perhaps a, er, "knowing" move after all ...
I take it I won't be getting another 10p buy then lol
Https://miningtradenews.net/the-role-of-mining-development-agreements-mdas-and-their-implications/
OK, that caught my attention ...
The US is certainly building a presence in Malawi, this from today
https://twitter.com/Times360Malawi/status/1656617741497905156
It's a long time ago but clearly a positive - who knows what's occurred since then but the US seemed "motivated" to plough money into Malawi as "aid" last year.
https://reliefweb.int/report/malawi/usaid-announces-35-million-agriculture-support-malawi
Bear in mind the Malawi govt could be 20% owners of Songwe - a guaranteed offtake by US military would be quite the, er coup.
From "Held talks with" to "Chosen" - sounds like its in the right direction.
Shouldn't surprise anyone here ...
"The U.S. Department of Defense has held talks with Malawi’s Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday."
https://www.reuters.com/article/us-usa-rareearths-pentagon-exclusive-idUSKCN1T62S4
The US has chosen Mkango Resources, based in Malawi, as a way to diversify its source of rare earth minerals."
https://capsindia.org/the-future-of-us-investment-in-africas-critical-minerals-securing-its-supply-chain/
Someone just posted this on Twitter - and I thought Christmas had come early - but the article is dated January 2023. Have you all seen this?
Lilongwe, Malawi, 10 May 2023 – “Industrialisation is central to the Government agenda of structural transformation of the economy. It is envisaged that industrialisation will transform Malawi from a predominantly consuming and importing country to a predominantly producing and exporting country, thereby reducing the overriding trade deficit” says Ms. Sphiwe Mauwa, Director of Administration, Ministry of Trade and Industry (MoTI).
She was speaking on behalf of the Permanent Secretary (MoIT) Ms. Christina Zakeyo at a validation meeting on the successor National Industrial Policy (NIP), held in collaboration with the Economic Commission for Africa Sub-regional Office for Southern Africa (ECA SRO-SA) in Lilongwe. Ms. Mauva lauded ECA SRO-SA for supporting the comprehensive analysis and review of the newly drafted National Industrial Policy so that it is aligned to the regional industrial policies as well as aligning the Industrial Policy to the Malawi 2063 Agenda.
ECA SRO-SA supported the development of the new NIP that is aligned to the Southern Africa Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) Industrialization Strategies and the, the Malawi 2063 agenda and its first implementation plan (MIP1), the National Export Strategy II and other relevant polices and strategies of the Government of Malawi. The purpose of the validation meeting was to provide an opportunity for stakeholders to discuss, validate and suggest changes to the draft policy document.
Ms. Olayinka Bandele, Chief, Inclusive Industrialization ECA, speaking on behalf of ECA SRO-SA Director, said that this important step Malawi is taking is vital as it plays a pivotal role in driving economic growth, promoting diversification, generating employment, adding value to exports, fostering technology transfer and innovation, facilitating regional integration, advancing sustainable development, and improving social welfare.
She emphasised the need for Malawi to diversify its economy away from over-dependence on agriculture that makes the country vulnerable to external shocks. She noted that Industrialization has the potential to create employment opportunities, alleviate poverty and improve livelihoods. “Furthermore, value addition to raw materials through industrialization enhances market competitiveness and export earnings. Technological advancements and innovation fostered by industrial development leads to productivity gains and global competitiveness.
The pic was taken in London it seems.
https://www.linkedin.com/feed/update/urn:li:activity:7061682469451747328?utm_source=share&utm_medium=member_android
We can but hope! This is where the BOD will show their quality. For good or for bad. I am going to plump for 'good' quality, but not as relaxed a holder as I was a few weeks ago. News needed soon. Preferably positive MDA news obviously. GLA.
I find it hard to believe they've done a 10k mile round trip just for a quick chat. I smell a rat.... a big fat one... that looks like an MDA.
During the Coronation weekend it was a Privilege and Honour for #MKA to meet His Excellency the President of Malawi Lazarus Chakwera,as well as the Minister of Foreign Affairs Hon Nancy Tembo, High Commissioner Thomas Bisika and Secretary to the President & Cabinet Mrs Colleen Zamba and discuss the Songwe Rare Earth Mining Project #MKA #RareEarths
A positive tweet. I have asked why they can't update their shareholders as the failed completely in the recent results!
@USEmbassyLLW
At least they're still rubbing shoulders with the right people. I'm hoping this ridiculous delay in communication is due to the fact the BoD believes the MDA is literally right around the corner...
https://twitter.com/MkangoResources/status/1655872870667395072?t=tlkspuFDvXxto6Kxv37TNw&s=19
Stupid site did not record my initial (longer) post! Basically yes, but 20p more likely than 40p plus in this environment for Songe IMO. Have not tried to calculate lock, stock and barrel NAV for the whole entity.
I assumed you meant takeover of the Songe project which is much more likely to happen than selling off everything including the recycling tech/plants etc where we've stuck partnerships up with some really big manufacturing companies and received sizable government funding for already.
Some IIs won't take this on until they know it's worth a £100m mcap - just as appears to be happening at HUM right now following a purposeful grind down of the mcap to around 1/4 of what it's worth on paper, then the news drops and it's a 3x+ bagger in a matter of weeks as the big money cleans everything out under £100m mcap - I expect no different here.
The Songwe DFS has a very attractive NPV that I'm in no doubt is worth 40s to MKA, even at only 80% ownership, so this is another terrific value play on paper - the prospect of an early mover advantage rare earths recycling cash cow on top of that is some pretty thick icing that suggests this could well do a quid+ one day.
This is why I'm here of course - mcap underpinned enormously by the Songwe NPV with the promise of something even more special than a regular 4x bagger if I'm patient enough - it paid off at HUM because the value always outs, the same will happen here I'm sure.