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Bonkers. We need a swathe of new investors to come in, long termers topping up isn't enough. See what you can muster through twitter old chap, or get Mcnulty to do piece on us even if he has left the room so to speak. Thanks in advance. :)
Morning.
That's a very chunky £100k buy from the CEO - you don't see those size of buys very often, he must be extremely confident ...
The MDA is bound to arrive Malawi can't afford not to issue it... yeah there are internal political issues going on there but you can see with foreign pressure they bend as they have with this anti-corruption minister case... plus Lindian Resources out there spending loads on their RE project- Malawi needs this for its economy
Agreed, nobody invests £100k in a mine they’re not confident will be permitted or funded
Top up time, if its good enough for Will, its good enough for me. Smoke signal that the MDA and funding are moving along nicely.
Hmmm, you should look at all parts of the business. It is not all dependant upon the mining arm. Your choice however. I have been adding in the dips.
Fantastic to see CEO putting in £100k. Good sign of cocnfifidence. Should kick on from here
Directors only get a small window to buy so i'm happy to see he has taken advanatge ahead of finalisation of Songwe MDA
Worth noting that the funding for HyProMag in Germany is now complete AND we’ve increased ownership to 67%. All for a bargain £2.5m
Nov:
“The total cost of the Project is expected to be €6.1 million, of which approximately 60% will be funded by the grants, on the basis that for each €1 spent on the Project by HyProMag GmbH, a further €1.50 contribution can be claimed from the grants. The first phase of the Project includes development of a production facility in Baden-Württemberg State with a minimum capacity of 100tpa NdFeB comprising recycled rare earth sintered magnets, alloy pellets and powders.”
Feb
“This investment by Maginito will contribute to the matched funding requirements to unlock the €3.7 million (approximately C$5.3 million) grants announced by Mkango on November 23, 2022, for development of a production facility in Baden-Württemberg State..”
Nice to see he bought in the open market not in the placing
Bagging a bargain
RNS - IN BLOCK CAPITALS
CEO Will Dawes buys 800000 shares avg 12.85
‘Once bitten twice shy’
Need to see the MDA before investing, been here before without one and it didn’t end well.
Don’t mind paying more for having less risk, just think people should be cautious until the funding is agreed.
Hard to regard the placing itself as a positive, but I do consider the increased investment in HyProMag gmbh as a significant positive, and that is the main use of the funds
I get your meaning "not to put a fine point on it"
A line from the band they might be giants well yes we probably will be giants:-)
not to put too fine a point on it, but it is completely ridiculous to see todays announcement as very positive. perhaps it was meant as a joke
Think today's announcement is very positive most have topped up myself included next few days/months will be interesting and I think profitable.
https://m.youtube.com/watch?v=uSD4vsh1zDA
Topped up again
Last chance under 13p. Wow those IIs got a real bargain today.
Yup, big volume today
Someone is hoovering these up
I was already in from the last low, now in the top up zone. The lower the dips the more I buy
I'm in, just for the short term mind. Easy 50% rise I think, though long term looks like a good bet too. I had been watching this but thought I missed the boat, the placing gives a golden opportunity to get in before some key events that are bound to move this up in light of the placing already being done.
I have topped up with another 100,000 shares.
Short term this placing has dragged down the share price but I see many positives from this;
1. Funding needed to pay for mining licence/surface rights. The implication is that the MDA is coming up
2. Funding to get Hypromag German plant moving ahead, linked with increasing share in Hypromag Germany to 66%. Very positive for the long term
I see it very unlikely that the company will not get the financing package for development of the Songwe mine. There is a huge focus in the West to become independent of China of RE materials, enough that I can see government guarantees to Lenders.
Ouch but one to suck up imo. This funding also enables release of grant funding for hypromag.
And interesting that MKA talk expressly of the possibility of Songwe as a standalone project. So not just the integrated dfs next perhaps.