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Lol. Now she's got our attention, can she whip out our MDA please.
Isn’t that Liverpool’s away kit ?
Love Monica's advertising frock!
Https://times.mw/oil-prospects-high-minister-says/
Grain Malunga's comments here re mining in Malawi hit the nail on the head. Get him back into government.
If only their politicians were as inspiring as their national anthem.
Lol. Malawian talk is cheap, as we have seen with the MDA nonsense. But yeah, a cynic might wonder if such a statement was made with the ease of a gift or two.
Only joking of course. I have no doubt in my mind of the level of integrity of their politicians. None whatsoever :)
Joking aside, the west went wrong decades ago, moving away from the ideology of aid for trade. Billions wasted/lost and yet the attempted reparations grift, and general lack of gratitude, seems to grow louder. Hey ho. Lessons to be learnt still.
"Malawi declares it stands with Israel on war with Hamas"
Well they're obviously corrupt then.
"The sector only contributes about one percent to the country’s economy and the Ministry of Mining says it is targeting to increase this contribution to 20 percent by 2030"
Something has to give, they need mines in construction next year to hit this target
This mining conference is premature. I can't see any more MDAs appearing anytime soon. Globe are enthusiastic and attending (the only large scale project with an MDA under the new regime). But no other significant players seem very interested, hardly a vote of confidence. Lotus, SVML, MKA etc. Anyone aware they're engaging or attending? Looks like a turkey. The President should get "visibly angry" with his AG and the other ministers responsible for getting mining underway, but failing to deliver. Malawi will become a laughing stock for mining if it isn't already.
Https://www.nyasatimes.com/visibly-angry-chakwera-fumes-at-malawians-who-spread-fake-news-about-the-country/
It would encourage investors if they would announce MKA mining agreement at the conference later this week. Bill Gates would be frustrated with the lack of progress
And max online for me dropped to 60k
Well they're becoming higher priced at least lol
Placing stock changing hands off market but being printed?
Big buys and big sells each day and the price is kept within the same range
Anyone notice the stock chart is not showing? Happened yesterday too. It’s blank on yahoo also. Anything to do with these big trades??
Monster trades again.
Good to see Monica making the right noises, commending the president and urging ministries to work together. Hope the AG's listening. There won't be much to talk about at the Mining Investment Forum without MDAs. Just tumbleweed blowing through a graveyard of ambition.
The delays to the MDA are offensive :-)
https://www.nyasatimes.com/chakwera-gets-offensive-in-promoting-agriculture-tourism-and-mining-announces-atm-week-from-19th-to-27th-april-at-bicc/
Something strange going on, half a mil buy showing on LSE at 18.06 but on here at 16.06. Any ideas?
A tale of two descending wedges:
https://x.com/bonker_99/status/1780503786647179556
That's a whopping 100k CNY / 20% bounce in Neodymium in just one day ...
Https://times.mw/attorney-general-adamant-on-mining-agreements/
All part of the same regime, but the AG seems to be dragging his heels. The President and Mining Ministry seem keen. Can they get the AG in an armlock or something. Pressure needed. Little point Malawi pushing its mining sector without MDAs to enable mining.
Ironically it's not Alex or Monica that are the problem here. It's the inexperience at the money level for Malawi.
The danger is solely on Malawi if MKA, Lotus and others walk away giving up on the process as others won't touch it with a barge pole.
I believe the MDA is closer that ever in honesty. You tend to get this type of rhetoric amidst final negotiations. You will note the wording "not this month" ftom the AG. Not a not this year/ever.
I will say, globe must have bent over and taken a big one. Interested on how it turns out for them.
It reminds me slightly of RBW when burundi wanted to renegotiate their MDA. RBW moved on and away from the mine and are on the cusp of a low capex/opex alternate revenue source. A mistake on Burundis part.
Now, revenue from recycling this year, expansion to Germany and US with Cotec. SUPER EXCITING times.
The MDA will land btw