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A few days ago on the Cotec discussion, I posed the question whether or not Malawi could ditch Mkango and hand the tenement to one of our hostile neighbourS - China/Russia etc. someone gave a good answer why not at the time but I can’t find it and someone has raised the question again today. So, if anyone can be bothered, can they kindly give an opinion on whether or not Malawi can legally take Songwe off Mkango at this point. Especially if a deal cannot be agreed. This is still something that concerns me. Forget getting a bad reputation, I don’t believe that’s enough. Is it legally possibly for Chakwera to say, if you’re not happy with our terms Xi and his gang have got a lovely offer for us. Au Revoir..
That was my worry as well but I think the signing of the Globe MDA is a positive sign that Malawi are still doing what they say they are going to do. This is a nasty market at the moment. Fear is riding high, many great shares are being pummeled. This is when great opportunities emerge.
As long as Malawi does not decide to throw their support behind the East. This was one of my concerns here before deciding to take the plunge anyway. I guess this fear will be significantly reduced if we end up getting that deal finally over the line...
If you have capital to invest over a 12-48 month timeline this is now a highly appealing option. The mine, refine, recycle format has just entered into the market at a critical time. Come on BOD, get this MDA over the line and let’s turn this into a beast. God I wish I could average down right down as my AV is still up around 30. DYOR.. GLA.
'BEIJING — China is considering banning the export of technologies used to produce high-performance rare earth magnets deployed in electric vehicles, wind turbine motors and other products, citing “national security” as a reason, it has been learned.
With the global trend toward decarbonization driving a shift toward the use of electric motors, China is believed to be seeking to seize control of the magnet supply chain and establish dominance in the burgeoning environment sector.
Beijing is currently in the process of revising its Catalogue of Technologies Prohibited and Restricted from Export — a list of manufacturing and other industrial technologies subject to export controls — and released a draft of the revised catalog for public comment in December. In the draft, manufacturing technologies for high-performance magnets using such rare earth elements as neodymium and samarium cobalt were added to the export ban. The solicitation of comments ceased late January and the revisions are expected to be adopted as early as this year.'
Mkango via Magnito is going to soon be actually manufacturing rare earth magnets for the industry both from recycled sources and when it happens Songwe mined sources....
A good place to be methinks ....
Some might call that a perfect storm for Mkango. What an insane share to be in at these levels. No wonder there’s no shares knocking around I imagine they’re rare as rare earths.
Eyes down chaps.
https://www.zerohedge.com/markets/china-weighs-rare-earth-magnet-export-ban-retaliation-biden-chip-crackdown
shorts that operate on such large volumes of stock are pros that know what they are doing. they are not about to get caught to the benefit of guys like us. lol
This share is being shorted with a clear intention to drive the price as low as possible to rip even more gains afterwards in the knowledge that is worth much more. Interestingly this share is not very liquid, lots of times you can't sell or you can't buy it. It would be difficult to buy lots of shares back when finally news will land, leaving shorts quite exposed...
seems like someone has been selling off a large holding in huge chunks for some time now. they don't seem to really care how low a price they sell for. 100, 200,000 share lots being sold for peanuts. craziness
Managed to nick another 20k at 11p but only on a limit order - new ISA money waiting of course ...
Malawi is a sticking point (politics)... the team in America this month has the potential for big reclying news... as that is the market we most want a toe hold in and COTEC seems capable in doing those deals
People seling at 10.75! Time for some newsssss!!!!!!
I hope so.
My 2k buy hasn't come through yet
!
Looking at PRE shows the risks involved in financing big projects. #MKA needs a buy out to concentrate on recycling.
I wouldn't be sweating what happens elsewhere myself tbh but then I know with absolute certainty that the DFS for Songe alone lays out a value that's 4x the current mcap whilst completely disregarding the recycling stuff, or the Uranium or other commods in the offing down the line, so I'm super relaxed here.
If China pull the Rare Earths plug - again - then this is a very viable 10x from here, again, on Songwe alone.
The GBE MDA terms are informative for MKA and there's some read across. MKA's project is also unique of course so the shape of our MDA could be very different.
MKA is still a stonking buy imo. The broad mine refine recycle business, demand for REs without Chinese involvement, and our other assets etc etc.
The GBE MDA terms per se seem reasonable. A 5% (tiny .45% local) royalty (even gross) reflects the benefits of a stable political and tax regime (the latter written in to the MDA for 10 years). If the starting point is say 0 to 15% it's fair. 10% state golden share fits well too and the 10% fully contributary option is on balance positive for future funding.
Why the tanking SPs? Presumably the wider risk off approach of the market to growth stocks like these, credit crunch concerns for funding GBE/Songwe and geopolitical concerns with Malawi's difficult recent history etc etc.
Wtfdik and all IMHO of course but definitely a buy at these bucket shop levels and gla.
Announced there MDA a week ago and they are now trading below their pre-MDA level after a brief spike.
https://twitter.com/mkangoresources/status/1641510373311275036?s=21
And Allan Walton of Hypromag are speakers at Rare Earth Technical Summit in Texas next month....
https://na.eventscloud.com/website/54770/speakers/
Yummy.
"Volkswagen (VOWG_p.DE), Europe's biggest automaker, this month said that it would invest 180 billion euros ($196 billion) over five years in areas including battery production and the sourcing of raw materials."
https://www.reuters.com/business/autos-transportation/ford-signs-45-bln-investment-deal-with-vale-indonesia-huayou-ev-battery-material-2023-03-30/
Here it comes chaps ...
NOW - EU's von der Leyen: "We know this is an era where we rely on one single supplier. China. 98% of our rare earth supply."
https://twitter.com/disclosetv/status/1641379881471598593?s=20
Disconcerting.
https://www.foreignaffairs.com/united-states/xi-jinping-says-he-preparing-china-war