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Bought in yesterday because of the eyewatering value of the Songwe deposit and close to finishing approval process, which is quite likely and a value inflection point (in my opinion). Unfortunately this means a 20 - 40% drop from these levels because I'm invested now. Apologies for the inconvenience.
Thanks Munch I'm holding because I've been in MKA for so long and always believed it will come good. Hopefully sooner rather than later. I'm lucky that my average price is low. So I'm in profit but I see it has the potential to go much higher, which would make me financially secure. Investing in shares can be rewarding. I think MKA is secure investment but the wait and ups and downs takes it toll. All the best to you. Let's hope we are rewarded for our patience.
Veggy. I know that feeling mate. It’s been tough here to say the least but any sign of this getting an rns logged for the MDA and everything changes. All it takes is one DECENT rns. They have multiple deals under NDA in my opinion.
Good bounce today. Can see us finishing blue. Come on mka :))
Honestly. I wish I had the money to invest more because I would. For me it's hold strong. More patience is required. If the markets were in a different situation I'm sure we would be at a much higher share price. I've held for over 5 years and I'm not giving up now. I believe it will come good and LTH will be rewarded. Its taking longer than we thought but this a fantastic investment. I wish all the best. Stay strong and good luck to us all.
I think next RNS will be MDA Then followed by EMRA securing funding for both the Pulawy plant and Songwe Not sure how fast that second RNS will come, whether it will be pre/post DFS Either that or someone swoops in very quickly and makes a bid for the lot If they are interested they dont have much time
made my mind up that they will actually fast track the mda as they have been waiting for so long and that parlimentary speechg looks a bit off if they dont get a move on.
also why i bought more was the finding rns could be announced anytime and doe not actually depend of the mda being announced but will be subject to the mda approval which is not a lomg time away, either way folks you must make your own choices and i feel todays selling early morning and yesterday was a large amount and as we move forward the sellers will require higher prices at tarders.
expecting 24-25p min by early next week and another rns of some sort. volume as picked up last hour. come on mka
reminds me of the 5-6p days We all said at the time this is crazy, but people thought we would run out of cash, have to dilute massively etc. Its always been the case with MKA, fears of delays, cash position etc. followed by incredible game changing news and then over a coupe of months we go up 200% (3p to 10p, back to 3p to 38p, back to 19p to...)
I am absolutely baffled by the reaction The COTEC news advanced us $800K at 27p We have £1.5m GBP for the investment in Maginito AKA hypromag which values that alone at £13.5m (15m minus 10%)
We are working and one of the select 14 projects with the ERMA They are currently raising around $2bn dollars to fund these projects Once the DFS Is out for Pulawy this will be funded I am 99% certain with little to zero dilition Then the joint DFS pending MDA (which should be arranged soon) Very very very likely ERMA just takes the lot and secures critical minerals and supply for Europe The US Has done it recently with Lynas ($120m USD plant project fully funded no dilution or cash from Lynas)
The risk ofc is the amount of time it will take to access these funds in this bad environment, but then again thats why the SP is 19p and not double/treble
In short, eventually all of the above will happen, Songwe will go into production with or without us and the Poland plant will get built and process rare earths
The chance of success is extremely high IMHO and looks more and more attractive with each sell
I imagine the market perceives delay now, ahead of the MDA and funding. So traders and weak holders may exit for now. Not untypical for natural resources growth stocks. The fundamentals make this a no brainer though. And a real advantage is that all stakeholders are singing from the same let's get on with it hymn sheet. Usually there's some concern, like management dither, or a regulatory body delaying permits/licenses, or local protests. None of that here. Even the banks are queueing up. Particular patience is needed where governments (incl. the US) are involved in an international project. All imho.
Thanks for that GLR. Great posts on Twitter from you also. Keep up the good work.
Super , that’s my wish also bud. Selling that asset to then concentrate on the recycling plant and we would have the funds to establish more sites in Europe. Not to mention whilst selling the asset we would agree the offtake to process the material. Perfect combo.
super, are you serious? your now saying that funding for the most sort after commodity is a worry ? come on mate, where have you been all this time. Funding will never be an issue here and never will they raise equity at 15p is what you might suggest next.
the MDA needs to come and then the funding news, the rest is history and we can relax thereafter.
It's the concern about the financing bringing this down. It's ok talking to banks etc but that does not guarantee an advancement will be made. Money is tight and MKA does thing by the book and right but that means the project is moving at a snails pace. I am holding but I understand why people are selling.
The interview yesterday was very upbeat and indicated all parties (including international angles with the UK/EU/US) are pulling together. I should imagine doing business in Malawi in general can be slow at times but on the 'joke' comment by the minister: perhaps it could be interpreted in a positive way, in that he saw the names of the international banks now involved and thought 'Golly, surely this be a prank?' Malawian humour is known to be self deprecating.
Looks like yesterday we saw many 250k shares dumped. The fact they mentioned the submission of documents regarding EISHA is yet to take place is a kick in the teeth. We didn’t need that comment and they should have just let us all speculate and keep the hype going.
Again the fact we are going to allow buyers to get in at high teens will see the same result on any further positive news where the rns gets sold off. Unfortunately we are in a c r a pp market and this is going to be a long burn. I really hope they can turn around very soon and say yes we have the MDA because that is the rns next, it’s the one the market and it’s investors are waiting on. Obviously the rns has sugar coated the fact there’s some kind of delay in communication with the government etc especially with recent video of the minister saying he thought Mka was making a joke out of Malawi. So it’s not really all as easy as it seems. The bod are trying their best and we need patience. Unfortunately going forward it looks like we might get caught up on many red days that won’t help but atleast we now have formal numbers / value to go on. Funding rns can also come anytime now. Lots to be positive about Keep the faith folks.