Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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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.
Yeah - 50p minimum for me
The softening sp suggests no ii is buying let alone amassing shares
Would Talaxis take 20p or so? Would have thought they would ideally seek more - unless perhaps the alternative was a significant fund raise, in which case perhaps they would. I have no idea in either direction. I would take 20p now if you offered it to me, but I presume I would be in the minority of shareholders with this position.
The issue with a takeover is that they could easily amass the 30% on the open market at bargain bucket rates than throw in a silly offer - 20p that everyone other than CEO / Chairman will accept.
I may do myself next week. It is just about clinging on to the current range, but I share the unease of some here. Patience to a point I would agree with - but only to a point. Been on the wrong end of a patient strategy far too often with a number of AIM stocks, to hold come what may. Just because I missed the worst of the SP decline from the high 20's, does not mean I want to potentially wait until a return to the 5's, which is my concern, since you asked. And Songe is worth zero right now. Call me a de-ramper or any other names all you want, but my cynicism is justified until it is not. Fingers remain firmly crossed that my current suspicion here proves entirely unfounded.
Bacchus still advising I.a. to defend speculative t/o bids.
Being paid in shares still.
Patience still needed imo.
Well Songe alone is worth 40s so ...
Drop them a message. It would be good if everyone did to be honest. The MDA position would be useful. I know it is in Malawi hands but the latest would be good, even if on Twitter.
Plenty of other strings to this bow of course with Cotec.
Seems to be good support at 10p. How good would a takeover bid be? And at what price?
Chunky.
no, I have not. I have not sold any shares either. I am holding but getting impatient. for years I felt that although progress was slow, it was steady and the company went about things in a way that made sense to me. the last 6 months not so much.
Have you contacted them?
the complete silence from management is not helping. they have abandoned shareholders and some long time holders have sold because of the lack of communication. so strange. the last raise didn't help either. after all this time it sure seems a strange way of going about your business
Is this going to be the 3rd retest below 10 offered when it runs out of support to rally?
If so I'd say anything around 8p offered must be worth a serious punt.
H
Interesting :)
I posted the below link on three separate forums: Removed by somebody who does not believe in informed debate on Chinese interference in the RE Industry,
I wonder who ???You can add the necessary https //ad-aspi.s3.ap-southeast-2.amazonaws.com/2023-04/Gaming%20public%20opinion_0.pdf?VersionId=XXOgh4Y_38efITTkcNVEbsjPv2ny17e0&fbclid=IwAR2FA6cpva44loHVvfjABHlBe9AvujrbMlS0Reh3f5Z3T7jcJNTncCqw
Someone is trying very hard here :)
Looks like the buyers have woken up then .. recent placement at 12.5p .. director buy at 12.8p ..
:)
Hope Villa's form rubs off on MKA...
Ya gorra lol
I've done exactly the same thing mate - just a slice here and there :)
£20k for me, courtesy of Hummingbird.
Aint got a clue what I'm doing, just following Bonker who is a fellow Villa fan and whose posts are informative and amusing.
Mkango releases year-end 2022 financial statements, appoints Investor Relations Adviser and issues shares to Bacchus Capital
Mkango Resources Ltd.
To
Nicholas Hitchener
2 May at 08:02
Mkango Resources Ltd.
Mkango releases year-end 2022 financial statements, appoints Investor Relations Adviser and issues shares to Bacchus Capital
LONDON and VANCOUVER, British Columbia, 1 May 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or “Mkango”), is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending 31 December 2022. The reports are available under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (https://mkango.ca/investors/financials/).
Furthermore, the Company announces that it has entered into an agreement (the “Agreement”) with Tavistock Communications Ltd (“Tavistock”) to act as Mkango’s retained communications and investor relations adviser with immediate effect. As consideration for the services to be provided, Tavistock will receive cash compensation in the amount of £4,250 per month.
Tavistock is a leading corporate and financial communications consultancy based in London. Tavistock currently holds no securities of Mkango, however, Tavistock may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant and in accordance with applicable securities laws. The Agreement can be terminated with three months’ notice by either party and is subject to the approval of the TSX Venture Exchange (“TSX-V”).
Lastly, Mkango has issued 224,317 shares (the “Shares”) to Bacchus Capital Advisors Limited (“Bacchus Capital”), an arm’s length party to Mkango, in connection with the strategic and financial advisory services provided by Bacchus Capital to the Company for the period from 23 January 2023 to 31 March 2023. The value of the Shares is equivalent to a monthly retainer of US$15,000 (equivalent to C$24,000) and were issued at a deemed price per Share of C$0.2025, based on the closing price of the common shares of Mkango on 31 March 2023. Pursuant to the agreement with Bacchus Capital, Shares are issuable to it on a quarterly basis, based on the closing price of the shares of Mkango on the last trading day in the applicable quarter. The issuance of the Shares to Bacchus Capital remains subject to the approval of the TSX-V.