Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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MKA seem keenest on progressing Songwe. Looks like the MDA is nearly there. MKA have backburnered its rutile in favour of REs even though there's market enthusiasm for rutile (Rio Tinto's stake in SVML eg). PRE has substantially progressed funding of Longonjo (RE Angola).
I for one am "super excited" about this today!!!
Malawi is as Malawi does
We all thought originally we were investing an a stable landscape however the last few years have really hammered Malawi hard, from the cyclone and of course inflation due to mass QE and 'all at once' re-openings.
The ministry are taking as much time as they can with these MDA's, for reasons unknown. At first we they blamed the Paladin deal, to never happen again, however Songwe et al could all have been looking at production in the next 9 months if they had agreed terms early on. Now it's going to be at least 2 years, maybe longer as the investment landscape has collapsed, arranging finance will be much more difficult today than it was in 2022 - so Malawi has truly missed the boat, well at least the first boat and we do hope another comes along. The sad thing is, its the locals that suffer the most whilst the politicians make it look like they are playing hardball, but where do you draw the line between hardball (a country that has devalued its currency and been bailed out by the IMF) and investors who want to progress mining operations on your territory and take all the financial risk?
Hence, MKA should be in no rush to begin operations, the investment has zero value on the books and is simply an ongoing cost that we should mitigate as much as possible.
there’s nothing brewing but a continued collapse of this share price, which is truly baffling. and for those of us that believe in this it’s an opportunity really. but that opportunity obviously still comes with substantial risk. no doubt we have a valuable proposition and colossal unrealised resources, but malawi are displaying kindergarten levels of ineptitude. there is absolutely no guarantee this government will honour any commitment they’ve spoken about to mkango. i genuinely believe they are keeping their options open and using the war as winding rack. the bod must be pulling their ******* hair out.
Who is Al and flo? Sounds like someone’s been on the wacky baccy 😂
There is something brewing, the spread is strange, looking to shake out on the bid.
Wouldn't it be great for a joint update ftom cotec and mka on Monday.
18th march probably get more info from them
https://events.6ix.com/preview/cotec-market-update-2
Yeah, a very big buy for last minute Friday. Is this a sign?
"The Ministry is working hard to finalise the MDA, despite the need for patience due to numerous stakeholders, aiming for the MDA to align with the interests of Malawians, the government, the company, the American Department of Defense and investors"
Fixed.
Momentum building.
Excellent posts from you this week Lewis, well done.
Https://www.miningreview.com/battery-metals/kayelekera-restart-receives-malawian-mining-ministry-support/?utm_source=rss&utm_medium=rss&utm_campaign=kayelekera-restart-receives-malawian-mining-ministry-support
"The Ministry is working hard to finalise the MDA, despite the need for patience due to numerous stakeholders, aiming for the MDA to align with the interests of Malawians, the government, the company, and investors"
Seems there is a lot of work happening with MDAs. Note, MKA visit was last year so assuming we are further along than Lotus
Any time now
Looks like buys and sells are being carefully matched at moment. Hopefully news of substance very soon.
How many weeks now Bonker
5.85/6.30 all afternoon dummying on hl. Odd day.
Stop-hunt then.
Yes, but if you do a dummy sell price remains 6.06
£16k of buys and the bid drops - funny old game :)
Malawi have shown us all we need to know. Different situation indeed. Hey ho.
Federal government (Australia) to invest AUD840m in Arafura rare earths ...
Well, different situation, I know, but nice to have this kind of support from youe government
This puts MKA MDA in the frame again soon imho. The budget was heavy on mining to increase GDP and that starts April 1st. I suspect we will get news aligned to Lotus soon after if not before.
https://www.theassay.com/news/lotus-resources-receives-strong-support-for-kayelekera-restart-from-malawian-mining-ministry/
Great read. Struggle to see a negative which is rare in these markets.
It'll be the Americans who know how to invest in a good thing :)
Blimey.
Must be roll over