Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Near 10% spread on live prices. Come on MM's you are supposed to make a market, not stifle it completely. Very poor.
Up 3.3%
UK markets should bounce tomorrow if overnight news isnt horrendous.
168k shares (£45k) cost
Not selling a thing
Good heavens nobody with any real
Holding is selling. Having said that I can see the mms take this down to 21p before the re-rate we have been waiting for. Thankfully my power for 100k shares is dry. My personal sentiment with MLA is actually in the gutter now. Mms have won and I have lost ….. but I’m not selling my shares. :))
See you all at 50p. Wish they would attack Putin, can’t stand him.
MB it's just my opinion of course, but no one with any significantly sized holding is selling. Newton finished adding on Feb 20th/21st according to his TR1. SP hit 28.95 on the 22nd. Geoghan in November when the SP hit the 30's.
The only people that will lower the SP are PI's capitulating. The MM's have set this up for that exact reason. People are most bearish and can be most easily pushed to sell at the bottom and most bullish at the top. Just how it goes.
Rbw is currently down 2.97%. MKA 9.43%. it's as clear as day that this is being manipulated.
As I said the other day to not much of a response.
It is being manipulated against us
agree with u sanchez, think they have been trying to wet many over the course of the last few weeks, begs the question here is how low will they be willing to let the sp go?
lets look at it another way, we are investors who want a return, our investment falls to a point where we get the good news yet the sp still does not reflect true value like MKA has been doing for about 6 months now so we get a sp of 35p with all the news baked in ? i mean we cant force the company to release info just for us to cash in.... it doesnt work like that but u get my drift, unfortunate as it seems but now we are in a situation where news will get sold off in to and any sp rally will quickly give way to fear thats in the market.
volume is low i admit but equally when its high we still dont get a fair increase so its a case of what do u do but to hold, mind you we could be holding investments in a company linked to Russia which would be terrible but either way its a long haul here and one that will spring many surprises...not sure if it will be a good surprise or not.
market sentiment is so important, looking at 5-10% gains on rns newsflow instead of the 2-30% jumps we should be getting
The MM's are basically offering a bed for people to wet themselves in at 24p. They have manoeuvred the SP down on no volume and are now saying to people if you really want to give your shares away, here's a really terrible price we have now opened up at and we will gladly take them off you. Notice how the bid is 24p but you still can't actually buy anywhere near that. It's a defensive move akin to walking round with a bin and asking people to empty their wallets into it. I get how annoying it all is, but the 500k buyers and TR1's are the real story. Not a low volume shake out.
Todays events are making the West come together and question its reliance on China and Russia. That follows Bidens announcements on REE and will bear fruit for MKA.
You can stick your rutile results and bfs where the sun don’t shine because by Friday there will be no point. The market is staying low for a long time and this is what I was worried about.
Guess they r not to bothered about our investment lol.
Who cares. We still long n just about strong here. There’s no point announcing anything now for 6 weeks because market don’t care.
One thing to note today for shareholders. This move down has been done on almost no volume at all. So 99% of shareholders including ALL of the large holders are not selling.
Lol are they reading this BB...
Ask has hardly shifted today. MM's using NT to bring the bid down but not offering any major discount to buy. Honestly it may all be automated but whatever programs/people are running the book on MKA, they are a disgrace.
This is, in my humble opinion, clearly being manipulated at the behest of larger transactions. Don't give your shares away cheaply. With China backing Putin, Western owned REE are going to be hot property.
Solid today. Long may this continue. Equivalent of a 10% -15% rise. Let’s see if we can close up today by a qtr of a Penny. Will take that lol.
IMO. the only reason I can fathom for this quiet is akin to NDA's, and I believe they're in negotiations for the asset sale either for the entire suite or Songwe with licences. There may be more than one party interested hence the complexity and time being taken, especially if one entity is Chinese and one American.
And I will hold too but the shenanigan’s at play are bordering on corrupt.
Now is the time to be patient, i know ive had my little rant today but we are in the cusp of the most important newsflow in the companys history, yes we would like normality with the trades and its honesty but mms job is to play it in such a way that we investors get either bored or sell out of emotion.
Still here and wont be selling a dime until the Songwe rns is out and its funding or sale plans, untill then there will be 3-4 material rns issued and lets hope we smash the 50p level when they finally tell us who is behind Songwe.
From yesterday
Someone isn’t tr1 notifying in a proper manner.
2 delayed buys from 9 am just showing.
What are the mms doing this for?
Needs reporting imo
Agree bladey. I just wear my heart on my sleeve and it probably shows. I like to be honest and always see both sides to any investment storey. I don’t always paint pictures with rose tinted glasses.
All I’m saying is why do is PI have to get shafted in the process. Ok some may argue they have been here from 5p and good luck to them although judging by the way they post doesn’t show their profit talk ( mind you this needs to be like Stocktwits where you can post pictures ) we could then see our holdings.
Back to the BOD …. I don’t care who’s got what qualifications bud, we are here to make money and they need to pull their finger out, the volume for Friday and Monday had he really going but Tuesday and today it’s actually gone completely dead again so nothing really to shout about.
Takeover ? Let’s hope so because with war on the horizon and Interest rates looming these markets are not going up fast anytime soon so I would rather need comes out and we can all de-risk at 50p + and leave a decent amount to ride. For the record I hold above 500k shares here.
Stuff going on here.
The trading patterns are off of some reason
There's nothing mischievous about the BoD mate..in fact quite the opposite, they're a bunch of well qualified nerds, not greedy like a lot on AIM Companies and determined to build a legacy company that's bound to change the future, both theirs and for all the shareholders!
The facts speaks for themselves in terms of resources, and as for the HNWI's such as Newton and M.G invested shows that they've done their due diligence, primed positions and waiting for this to also unfold. I'm sure all will come to light once the RNS's start to drop... but something bigger than we all anticipate is going on in the background all in favour of the patient shareholders IMO.
Bladey probably agree although I hope they don’t jumble all the info in one rns.
What’s stopping them releasing rutile results ? They were done like 300 years ago now. Price of the mineral is up 150% from their last rutile statement a year ago.
Lots to look forward to but why the low sp ? I mean Myles picked out a Jaffa with PRE rbs clearly showing a license agreement with mka. Why no rns?
I mean we can wait yes, days feel like weeks yes but a low sp …No thanks. We should be blast past 30p right now yet we have given up most of the gains made over the last few days.
Apologies but my holding is very large, I’m allowed to rant but there is100% some mischievous behaviour from the management going on here and I don’t like that.
Licence agreement is done practically after the parliament publicly stated it last week so why not announce other news info ?
Must admit I’m very optimistic but this is even starting to depress me. How can a new investor ( Newton) and the state government announcement not have any positive effect on the sp ?
Ahhh well. I’m not going anywhere. Really hoped to see mid 30s by now ready to attack 40p but it’s never been straight forward with MKA.
Guess it’s another day closer to news
TBH, the BFS, which SENET Ltd was doing or done, has probably been completed and returned to the Board of Directors. I believe they're waiting on the licences to be granted to make the suite package very enticing. Shock and awe!
The completion of the feasibility study will confirm the commercial viability of the operation. It will also, according to MKA, provide an update on the resources. The feasibility for the plant in Poland is running in tandem. With both of these items cleared it derisks the entire proposition. Also note the Malawi govt debate last week where they confirmed they were in process with the Mining Development Agreement.
What was strange reading the accounts was that it MKA only sees the Feasibility study as being the only major expense item for the 12 months to Sept 22. No actual development or infrastructure costs.
The Talaxis announcement on the swap of their 50% of Songwe to MKA in exchange for ordinaries reads more like a restructuring exercise; they said 'brings Mkango’s structure in line with peers' and 'Consolidation of assets under Mkango’s control, increasing financial flexibility'
The Talaxis (investment arm of Noble Group) holding 32.4% of the stock is significant. Noble has had a recent troubled past but is on path to complete its restructuring and will rebuild its business. Talaxis is solely focussed on REE, and Noble is focussed on Asian Commodities markets.
In short with Talaxis as a shareholder, and with the feasibility study confirming commercial viability, the MKA business will become a prized asset.
https://aimchaos.files.wordpress.com/2021/03/mkango-resources-valuation-analysis-17.03.2021.pdf
100% ownership and twice the shares in issue with a free float of around 100 million
Should be 75p range considering the stage it’s at with bfs due imminently