George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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This share is being shorted with a clear intention to drive the price as low as possible to rip even more gains afterwards in the knowledge that is worth much more. Interestingly this share is not very liquid, lots of times you can't sell or you can't buy it. It would be difficult to buy lots of shares back when finally news will land, leaving shorts quite exposed...
seems like someone has been selling off a large holding in huge chunks for some time now. they don't seem to really care how low a price they sell for. 100, 200,000 share lots being sold for peanuts. craziness
Managed to nick another 20k at 11p but only on a limit order - new ISA money waiting of course ...
Malawi is a sticking point (politics)... the team in America this month has the potential for big reclying news... as that is the market we most want a toe hold in and COTEC seems capable in doing those deals
People seling at 10.75! Time for some newsssss!!!!!!
I hope so.
My 2k buy hasn't come through yet
!
Looking at PRE shows the risks involved in financing big projects. #MKA needs a buy out to concentrate on recycling.
I wouldn't be sweating what happens elsewhere myself tbh but then I know with absolute certainty that the DFS for Songe alone lays out a value that's 4x the current mcap whilst completely disregarding the recycling stuff, or the Uranium or other commods in the offing down the line, so I'm super relaxed here.
If China pull the Rare Earths plug - again - then this is a very viable 10x from here, again, on Songwe alone.
The GBE MDA terms are informative for MKA and there's some read across. MKA's project is also unique of course so the shape of our MDA could be very different.
MKA is still a stonking buy imo. The broad mine refine recycle business, demand for REs without Chinese involvement, and our other assets etc etc.
The GBE MDA terms per se seem reasonable. A 5% (tiny .45% local) royalty (even gross) reflects the benefits of a stable political and tax regime (the latter written in to the MDA for 10 years). If the starting point is say 0 to 15% it's fair. 10% state golden share fits well too and the 10% fully contributary option is on balance positive for future funding.
Why the tanking SPs? Presumably the wider risk off approach of the market to growth stocks like these, credit crunch concerns for funding GBE/Songwe and geopolitical concerns with Malawi's difficult recent history etc etc.
Wtfdik and all IMHO of course but definitely a buy at these bucket shop levels and gla.
Announced there MDA a week ago and they are now trading below their pre-MDA level after a brief spike.
https://twitter.com/mkangoresources/status/1641510373311275036?s=21
And Allan Walton of Hypromag are speakers at Rare Earth Technical Summit in Texas next month....
https://na.eventscloud.com/website/54770/speakers/
Yummy.
"Volkswagen (VOWG_p.DE), Europe's biggest automaker, this month said that it would invest 180 billion euros ($196 billion) over five years in areas including battery production and the sourcing of raw materials."
https://www.reuters.com/business/autos-transportation/ford-signs-45-bln-investment-deal-with-vale-indonesia-huayou-ev-battery-material-2023-03-30/
Here it comes chaps ...
NOW - EU's von der Leyen: "We know this is an era where we rely on one single supplier. China. 98% of our rare earth supply."
https://twitter.com/disclosetv/status/1641379881471598593?s=20
Disconcerting.
https://www.foreignaffairs.com/united-states/xi-jinping-says-he-preparing-china-war
#XiJinping says #China is preparing for war
At the annual meeting of the Chinese Parliament, the PRC leader addressed the topic of readiness for war in four separate speeches, with one occasion urging his generals "not to be afraid of battle."
https://twitter.com/nexta_tv/status/1641379376343179265?s=20
I've mentioned the uranium in the past - it's not lost on me that it could be a stonking piece of icing on the cake going forward.
Did you not see the excitement on.possibillity of MDA this will rise fast on positive MDA news and now we know Malawi is finalising MDAs....but even bigger gains will come from recycling COTEC said profitability will come quicker here than from a mine...relax rare earths are neeeeeded
I can appreciate that sentiment. Been in the same boat with a few AIM stocks myself over the years. The only thing I would caution against is falling in love with the stock (any stock for that matter). Not saying that you are. Perhaps because I have only been a holder here for 10 seconds, I feel less attachment and I see serious global/macro issues that are growing, not receding. I certainly share your concerns about the delays and that is why I made my post a few days ago or so about not letting the clock run down, because in my firm opinion, the government can wait longer than we can, to be blunt. We all want a great deal, but for me, I do not want to hear management say that they are negotiating hard for shareholders in X months time with a deal still un-concluded and another raise required. We are a small cap, not a major, we lack the cashflow to potentially play hardball as the big boys can and sometimes do. If we are resisting the same terms as per the Global deal we have all had a look over now, then that IMO would be a mistake. But we have no idea if it is that. We are basically in the dark for now - and I think that is where many of us are going to become increasingly frustrated while that state remains. FWIW, I am still long here, but not 'come what may' long.
Being invested in MKA I often read this board. Very rarely I see mentioning the Thambani uranium tantalum niobium zircon project or the Chimimbe nickel cobalt project.
Without Energy and commodities, nations do not workproperly. MKA has tremendous potentials
There's also still the mysterious rutile asset lurking in the background.
I guess i'm a bit on edge with all the delays here. it's just that there's been a number of posts lately proposing the sale of songwe for a very lowball price and after being invested here for so long that is hard to hear. to me all the value here comes from providing a non chinese source of neodymium for ev market. everything else flows from there
Fair enough - I misspoke. I see the recycling business as being the more attractive, more reliable, long-term revenue maker here. Just an opinion, which I trust I have now made clear. No need for quite such hostilities, silvermaple.