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5.18%
Well what is noticeable is that the president met his Chinese counterpart on the sidelines at the last brics meeting. They regarded their relationship as that of brothers, partners and friends. As an emerging nation the Malawi president would probably see more prestige from Chinese investment than so called middlemen. Lth.
Yes it still looks like Malawi's politicians are trying to kill the mining sector goose before it lays its golden eggs. High taxes, and mining's expected to resolve the forex crisis too. There's also talk of adding value processing ore in country prior to export, which doesn't sit comfortably with Pulawy.
The sensible voices urging cutting bureaucracy and moving quickly are on the sidelines. Malunga and Standard Malawi Bank for example.
I've only seen Lindian and Globe attending this forum. No sign of SVML Lotus or MKA. For the companies that could currently deliver on Malawi's mining aspirations (and supposedly about to get their MDAs) not to attend this flagship event speaks volumes imo.
What will MKA's strategic review conclude? Tough it out for a bit (how long for though), or cut losses and sell up to refocus perhaps exclusively on recycling?
“Malawi Mining Investment Forum” seems to be a study in how to talk a lot without saying anything. Think I’ll go and watch some paint dry
Https://mwnation.com/malawi-dared-on-mining-potential/
At least they're talking about how important it is to get the MDAs done.
12.5m of those trades in the last week - 4.65% of the float.
TR1 ahoy.
I wonder .................
That’s not a small chunk, those two trades account for about 1% of the Mcap!
Lol. Now she's got our attention, can she whip out our MDA please.
Isn’t that Liverpool’s away kit ?
Love Monica's advertising frock!
Https://times.mw/oil-prospects-high-minister-says/
Grain Malunga's comments here re mining in Malawi hit the nail on the head. Get him back into government.
If only their politicians were as inspiring as their national anthem.
Lol. Malawian talk is cheap, as we have seen with the MDA nonsense. But yeah, a cynic might wonder if such a statement was made with the ease of a gift or two.
Only joking of course. I have no doubt in my mind of the level of integrity of their politicians. None whatsoever :)
Joking aside, the west went wrong decades ago, moving away from the ideology of aid for trade. Billions wasted/lost and yet the attempted reparations grift, and general lack of gratitude, seems to grow louder. Hey ho. Lessons to be learnt still.
"Malawi declares it stands with Israel on war with Hamas"
Well they're obviously corrupt then.
"The sector only contributes about one percent to the country’s economy and the Ministry of Mining says it is targeting to increase this contribution to 20 percent by 2030"
Something has to give, they need mines in construction next year to hit this target
This mining conference is premature. I can't see any more MDAs appearing anytime soon. Globe are enthusiastic and attending (the only large scale project with an MDA under the new regime). But no other significant players seem very interested, hardly a vote of confidence. Lotus, SVML, MKA etc. Anyone aware they're engaging or attending? Looks like a turkey. The President should get "visibly angry" with his AG and the other ministers responsible for getting mining underway, but failing to deliver. Malawi will become a laughing stock for mining if it isn't already.
Https://www.nyasatimes.com/visibly-angry-chakwera-fumes-at-malawians-who-spread-fake-news-about-the-country/
It would encourage investors if they would announce MKA mining agreement at the conference later this week. Bill Gates would be frustrated with the lack of progress
And max online for me dropped to 60k
Well they're becoming higher priced at least lol
Placing stock changing hands off market but being printed?
Big buys and big sells each day and the price is kept within the same range
Anyone notice the stock chart is not showing? Happened yesterday too. It’s blank on yahoo also. Anything to do with these big trades??