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Last two buys were mine so got my 54000 shares a tad below 18.5. Made no difference to the SP. Bring on the MDA soon
Is definitely on the cards here. It’s something we have overlooked. Looking back now they played it clever from the songwe deal in order to capture in excess of 30% equity and could easily offer £100m or 45p costing them technically £70m to buy out MKA.
45p wouldn’t be accepted but they surely must have be eye on an offer.
Today’s trades show a few large sells and it’s obvious these were from earlier this week as traders bail out. However it would be nice to get some buyers here.
Really surprised to see it dry up like the Sahara desert especially after all the noises being made about a tsunami of news flow coming out.
Not long to go now. Share suspension pending a takeover coming real soon …..well it’s what I’ve wished for :))
Just looking at the DFS RNS again, to remind myself of the value here and right off the bat our feasibility study found we have an NPV of $559m. That gives us a share price of £2.15 a good 11x uplift from here. Now is that a starting point for takeover negotiations or should we be asking for more? Either way, greatly under valued here and certainly good times ahead but we all wait impatiently for that red dot!
Yes, seems definitely the mm's are refusing the deal due to the volume. For a 54000 share buy they want a price of 19p, cheeky sods.
Funny how they will accept sell orders of considerably more than 54000 shares and only give the seller the bid price. Sod em.
Having real problems today trying to fill a buy order at the limit price of 18.5p which it has already reached. Cant even place a buy order on market via H&L.
Trying to add another 54000 shares so mm's are playing silly buggers.
Mkango like a Thursday RNS so who knows. I wouldn’t panic yet. MDA still ongoing and other stuff happening in the background with the company. Price is slowly improving. Let’s see what tomorrow brings
Silvermaple. My dear investor lol. Relax. Read my previous posts. This is exactly how they want us to feel. Keep ur eyes on the prize. I can promise u it will all end very fruitful. Don’t get emotional. Just set alerts on your phone and enjoy your day ahead.
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Malbright, agree the sentiment is taking a hit, although we must all remember that every single investor from Talaxis to the TR1 holders and even more so recently Cotec have all invested at prices ABOVE the current sp.
When you have all the big players investing and paying what we have paid gives faith that it’s going to be positive rather than negative. It’s obvious Malawi gov have realised that this asset had suddenly become in demand worldwide and would want a piece of it and rightly so. The fact we are valued at stupid levels gives further faith and even the worst outdone would still see doubling of the sp.
In a big way I’m glad we are not producing or have numbers to announce as you never know what surprise could pop up. Looking forward the £500k will only do so much and the penny will drop very soon, like yourself I’m very glad my average is 20% percent higher from here and on a positive MDA we could get a 30-40% rise but I have scaled that down in my expectations to a 20% rise which will
Take us to the mid 20s or so.
It’s only Tuesday and this week has that feel to it for me. I can see a movement happening this week and looking on the bright side we are closer to 20p than say 15p.
As I keep saying we need to keep faith …..there’s $6billion worth of goods in the ground so nothing to worry about.
Tufftrader - You are absolutely right. Time and time again over this past 6 months they have missed supposed deadline dates for RNS news. I can only think that the Malawi Govt is playing hardball about the payments for the MDA approval. In other MDA's to other mining companies they've taken a handsome percentage of ongoing revenue so maybe MKango are also standing firm.
Ive just reviewed all my almost 700,000 shares across my various portfolios and I seem to be looking at averages around 25 to 27p before I get into profit. A year ago this looked like a cinch as I was rapidly accumulating in the mid 20's but then as the news flow almost came to a halt so did the share price retreat start up again.
Still long and hopeful, although my similar faith in another share of mine Tremor has taken another bath.
Must admit tufft this is starting to get depressing …..But that’s what the market wants. We all know what’s coming. Remember it’s Malawi…Uk /US are all over them. This is what shares / mms / the market does to you. When you find that 1 opportunity they try to prize you out of it. I’m personally over invested here and glad I am, this feeling is exactly like the one I’ve had before as mentioned.
Yes we would love some positive action, once we break 20p on a leak or whatever then the wheels come off until 26p.
Personally they should have rns’d something about thambani since they said they were in discussions 5 months ago. Rutile still not told ? There’s definitely something huge brewing up in the background where it’s funny how they are not mentioning anything that will add $$$’ value to the company and its assets …..only programs and small funding partners etc ….. points to one thing for me. Takeover.
Keep the faith chaps ….believe me they will make you feel like you wana just take your money and run …buy more. Don’t sell. On a personal note not that anyone cares but I missed out on £135k profit when I sold out Ithaca, that’s like 5 years worth of wages…painful. Don’t let these guys fool you.
I wish Mkango would pull their finger out sometimes. MDA was supposed to be completed in July and we’re almost out of August here. Deadlines have consistently been missed this year.
C$0.325 in Canada, up 10%; equivalent p20.88.
Unfortunately only on light volume (2.5k).
But then, you never know.
Here's hoping
Someone is rooting down the back of the sofa, good on you! Unfortunately I've checked again and there's nothing but half chewed dog bones back there now. Come on MKA, get that MDA out this week and put and big smile on our faces! GLA.
feasibility study results #songwehill Stand-alone economic results are robust, post-tax IRR of 32% & an NPV of US$559m concluded by the DFS, and initial capex forecast to be recouped in the first 2.5 years of operations https://twitter.com/Share_Talk/status/1559190910788927488?s=20
Not far off. Then to double it and double it again!
That’s what I want today on the ask because the sun is doing my nut in.
Few decent buys here and mms will rush this to 20p ask.
Come on mka
Ukraine War- Delays with the company- Overhead supply- people going into cash because of the rubbish market. Mkango will hopefully come good though. MDA RNS imminent and from then on there should be a nice news flow with other ‘bits and bobs.’
Brace yourselves - tomorrow will be the day! Thursdays are the optimum day re RNS - then next week for the partner agreement. Hypromag USA to follow shortly after.
Experience is telling me exactly the same thing happened with Ithaca energy.
I held for so long and suddenly they went through 6 months of poor sp movement which forced many of us out before the 150% premium takeover offer came in. They were producing oil at the time so were making money.
Very similar feeling here, there’s obviously sellers which seems strange but one needs to focus on their assets and wait for the Boom to arrive. Remember the herd were buying these up at 30p pushing it to 39p.
The asset is safe ….. wait for your investment to pay off. There’s no way I’m making the same mistake which I’ve made twice before. Be patient chaps. There’s more going on than meets the eye. If the government’s could mention MkA and their interest then they would but it’s all nda bound.
Keep the faith. A turnaround here and we push past the 20s.
Lack of momentum from the company and general market/economic circumstances are causing the sp to drift downwards.
MKA isn't unique in this regard.
I've been in this share for about 6-8 months (short term I know) but it seems like after every snippet of positive news or a wiff of forward movement there's a false dawn and a load of sells. Is this common in this kind of stock? Strange considering the previous highs in the 30's not long ago. Feels like a whole load of momentum has been lost. Apologies for the Negative Nancy post, I am still long and strong, just a little perplexed.
Incredible we get zero buy days .