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F all else to say really. !!!
Putin
He will go out the way Stalin did, poisoned by the feared BERIA..isolated in a locked bedroom without any medical attention. Absolute fear of Putin will be his undoing.
is sitting on a resource of potentially global strategic importance, meaning that one way or another iit is very likely to be funded to realise that. At that point, the company imo will be worth a lot more than it is now ( even adjusting for any dilution depending on how mine development is funded). In the meantime, the green filter button gets another run out.
looking ahead one must feel that a spin off of Hypromag is almost certain, it has a number of working agreements along with supporting grants that will allow it to advance and then funds require for the separation plants in the number of countries its targeting in its future plans should really see it flourish as a separate entity.
They have a number of potential company makers on the mining side and looking ahead its a good problem to have, the bottom line is to value any asset or company you must picture the situation if kit decided to put itself up for sale and see what tangible value it has and in this case we would get a price multiple of todays sp.
i was looking at a tweet which showed a number of leading players in this sector and they have market caps many many multiples of MKA although some are advanced in terms of mining and volume of material but the sheer lack of valuation given to MKA is actually staggering, we should in thery be valued around £100m as a fair value to hwere we are on the supply chain + material in the ground.
patience is the key here, just trying to work out what role Talaxis will play considering they gave up the company flagship asset in return for equity which in hindsight shows that they must have been given assurances along with future plans that appealed to Talaxis.
personal preference would be sale of asset (songwe) and use the cash to reurn 50% to shareholders and the other 50% to develop the other assets and recycling centres with an agreement of 100% offtake of the recycling product to be processed through the plant in poland. this way they could speed up the other assets in to production and have a clear run towards profitability without having to raise money in the future,
Talaxis wins, shareholders including the BOD win and the future starts to look very bright increasing wealth for all involved.
question is what is songwe worth on its own as a sale. min £6b of material in the ground and the bfs could easily up that towards £10b. makes interesting reading for sure.
I’ve heard today Putin is about to mobilise all eligible males over 18 and plans to declare all out war on Ukraine. First and foremost IF this is true it only amplifies a tragedy. But no doubt it will further amplify the need to secure NATO friendly rare earth supplies. Have to say though, I’d happily lose all of the money I have invested here if it meant somebody putting a bullet in that bald pr*^ks forehead.
Tough read without question - plenty of neg vibes re commodities/broader market out there right now - I'm sitting on a lot of cash right now personally ...
One thing is for sure, China mess will kick off later this year.
It’s probably in motion now as you say but as ever I will judge everything by the sp and there’s that famous saying
“ the company is not the sp” let’s hope we don’t be using that analogy anytime soon.
Morning.
Au contraire - if you're about to drop a DFS then the basket price of rare earths becomes everything :)
Some talk of China maybe overtly helping Russia out and/or going for Taiwan - that'll put the cat amongst the pigeons for sure - yes, those rare earths are in China and if their exports of those end being compromised by tit-for-tat sanctions then I doubt there's an asset out there that will see see a bigger uplift in price.
Ifs buts and maybes as ever but China's stranglehold on those commodities is obviously a catalyst-from-heaven should it all kick off.
To be fair most of the Rare earth China holds is predominantly based in China. Also we are not in production so although the price may increase I don’t think it will effect us in anyway.
I mean being honest with ourselves with all the positive newsflow around the material and official rns statements along with tweets / reports and many other various info led news had caused absolutely nothing for MKA in terms of share price.
Thankfully we are invested in a real company with real assets. All that matters to us is the share price increasing so we can profit. We are not remotely interested in anything else.
Price has somewhat become static here ….. world markets on a wobble. Let’s hope we get an rns this week of something positive that sees us push on from here because the reality is it’s getting depressing seeing the price at 20p with very little momentum of it going higher.
"CHINESE REGULATORS HAVE HELD AN EMERGENCY MEETING WITH DOMESTIC AND FOREIGN BANKS TO DISCUSS HOW THEY COULD PROTECT THE COUNTRY’S OVERSEAS ASSETS FROM US-LED SANCTIONS"
Fingers-crossed for a rug-pull of 90% of RareEarths supply ...
Well it's not likely to keep dropping for another six months would be a reasonable assumption yes?
Just tapping a 50 RSI on the monthly/oversold on the daily chart now which is a nice position.
See what happens and, yes, can't rule out a manufacturered shake if the broader market continues to go down but that's obviously a buying opportunity here.
I don't generally take that much notice of director buys as they're often BS but the NED's £700k at 24p is as big a buy as I can remember seeing anywhere so 15% off that at 20p looks pretty good on face value.
What happens bonkers?
Could do with an rns Monday to keep the sp at bay. We need to hold and progress even though it’s 5% at a time. Looking at Dow Jones …. It’s not easy on the eyes.
MKA just closed six consecutive red months - guess what happens over the next six months.
Looking a bit better last few days! Good to see. I’m happy to wait
Thankyou tufftrader
Good to see you on here D3T
Seller seem to have eased off a bit today
Unsure if that 80K is a sell, if its a buy we may see some delayed sells later as a lot of buys being published but not much stock against so wondering where it is all coming from
Seller surely has to be low on shares now, if it is the Russian then he wasn't on the updated SH list on the website so would assume under 3% whoever it is
https://www.investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-announces-q4-2021-and-year-end-results/202204280700076091J/
Initial sampling at NKALONJE
https://www.investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-completes-initial-sampling-at-nkalonje/202204070700035306H/
Wow zaaa. What the h is going on here. This can’t be right. :)))
;)
Obviously...taking advantage of this buying opportunity.. .
Gla
Yes munchbox....i am taking it all in...thankyou for your reply and your explanation.
GLA
Dickie3. Nice to have you on here but I think you have just witnessed the last few weeks of selling. We are screaming because it’s actually been happening for months on in with the last 3-4 weeks more brutal amounts.
I can also sell 700k shares but to get practically millions sold weekly for months is not normal. And not to forget the lack of buying.