Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Obviously...taking advantage of this buying opportunity.. .
Gla
;)
Good to see you on here D3T
Thankyou tufftrader
Looking a bit better last few days! Good to see. I’m happy to wait
MKA just closed six consecutive red months - guess what happens over the next six months.
What happens bonkers?
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.
"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 ...
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.
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.
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.
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 ...
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.
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.