The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree - current mcap target is in the 50s based on the current issue - assuming REM prices don't take off again.
Numerous possibilities re funding, bearing in mind the demand for rare earths and the 'west' wishing to move from it's dependence on China for supply.
Talaxis is a major shareholder (part of the Noble Group) and would almost certainly be involved in discussions around offtake agreements.
International development / investments banks have been hosted at Songwe by Mkango so one would assume discussions are ongoing from that source.
In terms of Europe 'ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Pulawy, Poland.'
Of course, there's always the possibility of a proportion of funding through equity.
What form any of these take and in what combination is what everyone is keen to find out post MDA - it's all getting rather exciting.
As for share price - not a clue. I could say 50p then find out we're diluted 20% during the funding stage. Better off just focusing on market cap - currently well below Songwe value alone with Pulawy, Maginito, and other projects (inc Rutile) to add in.
Has anyone looked at projected share prices - any thoughts on financing sources? Thanks
A step forward: however, as ever, RNS needs to be read down to the "Cautionary Note" : is expected to, might, could, hopefully, in the future (that is now "going forward" for younger readers), given no foreseeable problems ("challenges" now so called) and someone to stump up the cash. Hesitate to mention potash mines or battery factories and the need to pay people to turn off their appliances but have a suspicion that the rare earth magnet green no nasty emissions lobby is waning. And, yes, I am in, but not sure I would mortgage the house just yet. ATB to ALTHs and thanks to those who have reported knowledgeable thoughts on this BB.
You would like to think in doing away with the Talaxis funding that there is prob a direction for funding which they will pursue? These milestones will get us there.
This needs to come before financing silly.
Only your buy-in by the sound of it ;)
SP,
I hold Rainbow too as you know, but you are not saying Burundi's open cast mine was large scale are you?
Another milestone.
Bt I am puzzled by the euphoria when afaik there is still no financing in place. Have I missed something?
>>Africa’s first large scale rare earth’s mine”
Not true at all.
Only one currently operating, maybe.
Great news - now heading North - at pace!
Great news. My favourite line, 'expected to unlock significant stakeholder value and future investment for the development of Sub-Saharan Africa's first large scale, commercial rare earth mining and processing operation in Malawi.'
These guys do not go in for hype - pieces are finally falling into place.
Agree - light a rocket under the REMs prices (again and likely with China conflict) and I wouldn't rule out a quid here within a year.
Hi Flundra, hope you are well
if you are disappointed by that, imagine how I felt when I read an article in May 2022 saying the Minister expected three MDA's (one being MKA) by the end of June! :-)
The Minister also said that they must conclude MDA's by YE 2022 after that, with the final deadline now being the end of this month
There is an article somewhere saying once the EISHA was approved, the MDA would follow shortly after, I will try to find it and post here
Today's news for me is the biggest step forward in the last 9 months, and isn't just words but is finally some action that will lead to the MDA being granted IMHO In February, they want this in production by 2025 so they will not wait around much longer, with the London firm working on Malawi's behalf I think we can get a deal done in the coming weeks, the good news is in the background we have been having financing discussions with internationals, all while HyProMag continues to increase in value, we have the best BoD, partners and projects anyone could ask for in the sub £50m market cap space and this is a future powerhouse in the making
Flundra, I am not disappointed, the MDA was expected a year ago. The due dilligence is exceptional for African mining and a testament to both parties to get it right. There are too many instances where MDAs are challenged after large capex outlay to the benefit of no one e.g. Burundi
I have been historically impressed with the MKA approach. Solid platform and move forward.
Potential is massive. The cert today is a game changer for investment.
The direction of travel's still good. It's only a short delay but is anyone else a bit disappointed that the minister's reported "by 31 Jan" for the MDA is now "in the coming weeks"?
I suspect they'll try and triangulate it for a few weeks before lift-off but it's all good from teens.
Hopefully, given the lag still between now and MDA more people will see this as a buying opportunity. Price is still a gift considering. Still time to get on board before we leave for the 30s/40s..
Roll on the MDA.
My feeling is MDA within two weeks. Well done all. How do you like the sound of being an investor in “Africa’s first large scale rare earth’s mine” at this particular time in history. I like the sound of it very much indeed. 17.5p today at finish.
Yep giant step towards signing of MDA and mining licence as already hinted by the government.
Market will wake up so time to take positions is now!
GL.
Well it’s states - we look forward to the Mining Licence and MDA being approved in the coming weeks. So Jan-Feb I would say.
Still think MDA in January or more likely a week or so?
That's as good as "guys, MDA is nailed on" in my book. Well done MKA!
Get in!