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Good luck chaps.
Nice bounce today towards close. Strong support level.
Probably looking for a push towards 30p again.
Good luck to all of you, yes I do have some kind of fear in me but as markets dictate they always fall 3x harder than they rise.
Will be watching closely.
@munch - come on munch - who do u take us for?
Based on what you are saying -
KDNC will crash to 18p
GRL will reverse its gains from yesterday.
etc etc
The market is not going to crash any time soon.
It's all about correction to potential inflation.
Is it transitory or permanent? I'll leave it to the Fed.
Meanwhile, the relative fast SP rise in MKA is in line with so many other commodity stocks. FXPO, ATM, RBW (before getting shafted by the Barundi gov) etc. So MKA's rise is not an anamoly. In fact, it has been the norm.
At current SP level, MKA is dirt cheap still.
Admit it pal, you put your chips on red, you got red, you took the money off the table when you could have left to double. Now you seek for a nice re-entry. The BB strikes me as consisting of rather amicable chaps and ladies so far. Don't preach your message of fear and dread here pal. Save it. RBW's waiting for you pal.
Munch - fair play - I don’t trade though. I always look for a low / under the radar entry , hold for between 1-5 years depending on how it develops. Been here years but accumulated most at around 5p so the 10% swings don’t bother me . Exit 75p
missed opportunity on that drop....MKA is a quality rareearth stock.....it will shine bigtime so grab them while you can at this level.
Crystalball I agree with your statement 100% and scooby makes valid points.
My point is simply market fear. The vid jumped 22% yesterday alone and believe me when I say this but a mere 10-20% correction in the markets is a mere start.
To put that in to context it’s like having 20 consecutive days where the Dow falls 300 points And that’s every session every day. I think Dow will correct 40% and take the ftse and world markets with it.
Nasdaq is on a different planet .... needs 50% correction to start with.
So unfortunately I feel MKA will get caught in the Red Sea and yes they have potential news coming but I feel it just won’t be quick evough to save the inevitable drop.
25p bid broken. If it doesn’t hold 24 then charts showing next stop 21p.
Long term no doubt amazing project .... but if you can buy cheaper why not ? Yes there is a chance that a offer could also be made but being in Malawi and with so much going on I feel any predator will want to see start of production before pouncing.
Good luck.
@Munchbox - nice try Munch to shake the tree given that you sold out at circa 24.6p.
You've already made a nice profit. Find somewhere else to munch on.
MM's want to collect shares. It will soon be June. BFS still on track so investors will soon want to accumulate as BFS looks to be a monster.
Free carry in mine worth at least £50m to MKA and I still think we are trying to sell out to the highest bidder.
This will get very interesting and soon and I am ready to average up.
I expected a little drop as the dust settles but don't see it at 20p again given the figures we've just been given.
Worse case 23/24p is about as low as I see it going myself but given its a share thats being talked about now I don't think we have to wait for an RNS every time for a bit of positive movement + as Cristalball states the tug of war is going to make things interesting along the way.
Munch - what do you defined as "a while"? Regardless of possible updates on Thambani, Chimimbi and Mchinji (which may land at any time) , you do understand that we are in the middle of a 3+ way war to secure our asset don't you? We have a Russian TR1 holder, an MoU for mine funding with Chinalco and the US DoJ mentioning Songwe. Plus the BFS will be published in a few months.
From 3.5p a year ago to 26p today there really has been very few pullbacks along the way...
With respect munch, then you are very poorly researched.
Rutile results, Songwe metallurgy and anything else left field could all come short term.
Best of luck however you want to play it but you already ducked out with 10% profit when you could have had 50%.
I'd be surprised if you got another chance at 20p, but hey, you never know. You wouldn't be the only one piling in at that price.
Regards
It’s not that sort of board ? Fair enough ... soon will be one that sort for sure.
Quality stock but reality is market pull back will see these test 20p again before rising.
Also can’t really see any meaningful news due for a while.
It's not that sort of board. No one is remotely interested.