The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Yeah... all SUPER! :)
He also mentioned a possible partner too
Julian Treger (Cotec CEO) once again very bullish about Maginito in their webinar update on Friday. Some of his words below:
- Already starting to generate revenues in the UK
- Very promising discussions with members of the US government recently
- Over the next couple of months we expect to progress the initial contacts we had with potential e-waste partners [highlights potential newsflow next year]
- All signs are that the US government are very keen on this
- There are lots of other industry players, OEMs, which are intrigued with the idea that we can bypass the Chinese restrictions and recycle the waste we already have within our economies to create new magnets
- Very confident and very excited about the way in which this business is going to develop in the next 12 months and the enormous value which we think we'll be able to create for Cotec shareholders through this investment
- Ultimately we think Maginito alone will result in a value many multiples of the current market cap of Cotec
- The US joint venture has the potential to be worth several hundred million dollars
For reference, the Cotec market cap is £23m. Cotec own 20.6% of Maginito and effectively 60% of the US joint venture.
His words say a lot about the undervaluation of MKA (£28m market cap) right now.
All eyes on the mine at the moment, while the real beast is lurking in the background!
Sorry if this has already been posted
https://youtu.be/335635FjLmY?si=OYntUJM5FULAQ1Lp
Many thanks rigga: much appreciated by those of us in the Mushroom Club on AIM who are told to DYOR but for whom MKA is a "hunch" based upon snippets of info and a readiness to take a punt. ATB
I too would appreciate the telegram link.
Thank you
Makes sense why we've been rising so much!
Still chronically undervalued - but moving in the right direction
Cheers misty, I was about to follow up my earlier message with the same request (as I too do not have a premium account) - the access links to Telegram groups expire normally after 24hrs!
Hi. I would appreciate access to the Telegram group. Previously stated link says it’s expired. Can’t send a pm as suggested because I don’t have a premium account here. TIA
People out there chasing the proverbial rainbows and have little patience to see what's under their own noses then start kicking themselves when they miss the early boat! Quality stock, sitting right here with great proven assets with a market cap at least a 10th of what it should be!...And what it will be!
Morning.
That's the weekly MA50 smashed at low 11s then - sit on your hands IMO - you know why people are diving in now and you've already go what they want - make them pay.
Indeed, this is way undervalued and does not reflect underlying value within business. Those who have patience will be nicely rewarded and plenty will be buying back at much higher imv
This will🚀🚀🚀🚀 when MDA is signed until then a nice steady increase (imho)
The MMs seem to be letting it fly now. Hopefully it’s a relatively quick climb back up to a more sensible valuation, finally reflecting all the great news we’ve had on recycling in the last year, alongside Songwe.
AIM stocks are never good for the blood pressure :)
And it is not uncommon to see a real disconnect between price and value on this exchange either - or the type of wild swings that would test the patience of a saint, irrespective of how a company is necessarily performing. Although in this case, the reason is clear and entirely valid, IMO, as covered in previous posts.
All of which makes me firmly believe that if we get the MDA - and equally importantly, on satisfactory terms from our perspective - then the SP will move appreciably to the upside.
One way or the other, we will know where we stand within the time frame that you suggested is in your mind right now.
Hopefully the IMF cash and other western international overtures will have the desired affect... GLA.
'Do you ever sleep Crumbs?' No :)
And now its time for this sleeping lion to awaken ....
Do you ever sleep Crumbs??
Looks to me like the stars are aligning in every possible way.
From the US Ambassador to Malawi's statement relating to the IMF ECF:
'For the mining sector, we are working to support Malawi to develop its natural resources in a manner that ensures the people of Malawi benefit. From scientific collaboration with our U.S. Geological Survey to U.S. government financing for project development to identifying potential off-take partners, U.S. support can help make Malawi’s mining sector an engine for economic growth. Mining revenue will be key to boosting exports and foreign exchange reserves.'
https://mw.usembassy.gov/ambassador-youngs-statement-on-malawis-achievement-of-an-extended-credit-facility-with-the-imf-and-the-continuing-journey-to-economic-recovery/
There is a reason Mkango always tags the Malawi US embassy in all their Malawi-related tweets ...
Watch this space me thinks
here is it - *************+rajoxegpu7rmzjm0
if that doesn’t work drop me a private message and will ping it onto anyone that wants it
Could be worse, my first buy in was at 38p 🧐
G6Mac - could you possibly repost a link to the Telegram Group for MKA as the one below has expired - many thanks.
Silver, I know what you mean about that hump... my first buy-in here was at 24p not long before the fall then the placing (my typical poor timing)) more than anything it was Will Dawes's post-placing buying that made me decide to not just hold but average right down to where now I'm actually in a little profit lol...
The thing is it has always been a speculative SP here on Mkango's potential and indeed still is, however, that is likely to soon change as the actual game-changer milestones (MDA, commercial HyproMag a possible v impressive strategic partner/s arrive, financing of mine, US plants fully financed possibly by US Gov or DOD more plants announced Pulawy financed, other Malawian assets coming into play, etc) ... again no guarantees on anything till those red dots say so but once some or all of those are reached the risk/reward factors change fundamentally surely meaning we go over one big hump and then onto the next one never to look back :)