The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here
Finally looking like an attractive entry point.
Strapped for cash, and need a £3m rights issue to have breathing space; but at current price I think the risk/reward is attractive nonetheless. NDPR p up >30% since Sept yet shares unchanged. Pjct econ make sense here
Will be many years and political wrangling before final say is approved as per my post oreviously. Possibly as long as 20yrs and discussuans with China showing interest will almost certainly create delays?
Imo
The news of a discovery of Rare Earth in Europe might finally push the politician in Malawi to be a little more proactive and finally approve the MDA.
I also read on the bbc article that "the newly discovered raw materials may not reach the market before 10-15 years' time, the LKAB mining company's CEO Jan Mostrom said. Permitting processes take time due to environmental risk evaluations"
Lastly MKA is not only Rare Earth Minerals extraction, It is Uranium, Tantalum and Titanium (from Rutile deposit). Without even mentioning with the other projects in UK and Poland
@dickie - your call but I just have.
Yup - good point that I meant to mention too - Rare Earth mining is a VERY dirty business and nobody wants it in their back yard.
GL getting that permit from the very lefty/tree huggy Swedes ...
@snkj68 - I saw that the other day - finding it is one thing, getting a mine producing is quite another and the Sweden find won't be producing for at least ten years so it's a "problem" for another day.
I was in BEM Beowulf Mining over 12 yrs ago when they moved sharply up on iron ore projects at Kallak and Routavarè discovery. However within a few weeks any gains were quickly lost wheb local indigenous peoples/tribes put in strong objections to conserve the lands where mining was proposed to protect the vast herds of reindeer. It took years to sought out and those that held on to their BEM shares lost out eventuary. It was a mess. I did sell out early and made a profit but many lost big time. Ever since i have stayed clear of Swedish mining stocks that may impact with conservation by local peoples that apparantly will not let anything affect the reindeer. It is the main source of meat consumption?
Is this a signal to BUY ....?
Any comments.
14% down on a few sells - so much for a positive start to 2023 - grrr !
is this likely to speed up a decision? https://www.bbc.co.uk/news/world-europe-64253708
i take it we shouldnt be concerned by it?
If the money guys haven't bored enough PIs out of their shares then yes.
Same old ....each time i average down it still goes frigging down. At this rate i will ruun out of cash f....
......it,
•¿•«
And a few more....ffs
Absolute steal at this price...so i stole some more, absolutely !
Just look at our peers there and consider our SP against theirs. Scope for upward trajectory? I’d say so. Thanks for sharing Lewis.
I'm curious, can someone offer an experienced view - is this normal for an MDA to be this delayed?
An absolute steal at this price, not long to wait now guys!
Not having a problem... only 1 trade today:
Share Price: 13.50 - Bid: 13.00 - Ask: 14.00 - Change: 0.00 (0.00%)
Anyone know why the share price isn’t showing today? Can’t get it on yahoo, here or Google?
One thing I can reassure myself with is the fact that there's no dodgy BoD in-charge of this company.. infact they're too bl**dy straight lol. Unfortunately we're dealing with an African Govt., but in retrospect it's an African nation on the better end of the scale, so they'll take their time.
The company has come a long way, and some of us have been invested nigh on 7+ years so we know the traction thats been made over the years. From a single hill all the way to having a patented recycling program, third party investment and separation plant. The engines made, all the parts are shiny and new, fuels loaded... no we just need to start this F1 engine!
No news is good news..
Everyone's about mate, there's just nothing to post. Everything imv is positive, and we're just awaiting news on legal side to approve and sign off the MDA.
No movement no posts...nothing?