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Thankfully this RNS was released before the market opened so I was able to cancel my limit buy order (15.5p) as was expecting this to drop markedly at open, which it has, currently 3.25p down. And how are we private investors supposed to share in this placing ? It sounds like the three brokers have already sorted this with institutional investors. I cant help but feel this is a somewhat desperate measure to raise at 12.5p whereas the previous loan notes were secured at 27p. It seems to indicate serious lack of investor interest to fund this. Really to acquire Mkango in its entirety should be nothing more than pocket change for any sizeable mining conglomerate so why have none stepped forward ? eg Glencore could buy this for peanuts.
It just needed to be at 27p :)) but yeah needed to be done
No surprises with the fund raise. Now a buy.
It is do they can mark it down by 0.75p on Monday to shake the tree some more.
Odd market at the moment, you notice say 2mill volume day with mainly buys and sp doesnt move and the 100k day of mainly small chunk sells and it drops beyond sense.
There is an accumulation happening here. The buyer doesn't want to pay too much too soon.
I sense MDA news next week.
A sea of sells and then two tiny buys rise the price significantly?
Am I missing something? (Probably...)
i do not know this is coming. I expect strong buying and a nice jump in the share price when the MDA is released.
Seller at 16ish p holding this back and has done for a week or 2. Once they are out this should move to the top teens/20p. I'd expect MDA news to be sold down (we all know its coming!), hopefully financing is quick to follow.
On the month, the trend is good. Moving north despite the retraces. Let’s hope it keeps creeping ahead of news as I could do with getting nearer my average of 30 before MDA.
Our new floor when it beats it.
I feel a move coming on here. Just a feeling, but it feels poised to attack 17p.
I also agree, marts. I have my views on what the share price could/should do, given certain catalysts, but obviously the market will decide. I won’t be too disappointed if the market comes up short of my view. The key thing is for the business to progress
Hi Marts, I completely agree.
I am not encouraging people buy in order to exit. Been here a good while and I am in no rush to move on, this one is starting to get very interesting.
I am less concerned a large mine financing program at this stage, the recycle scene is going to be larger in my view.
The recycle tech is amazing (watch the videos).
This was 30p plus on mine alone and npdr prices are only going one way too.
Lots of strings
In the relatively short time I’ve been investing in the markets, I’ve learnt that convincing yourself that any particular share is going to break upward by multiples, is the best way to be disappointed. Regardless of how good the basis of your hopes are…
I agree. Should see a gap up to the 20s on announcement of MDA and then should double on finance in my opinion
This one can easily double anytime. GLA
Good job - RTd :)
Chakwera will be along with a £452k buy soon enough.
Brilliant - thanks for posting!! ............... but still nobody buys!
An excellent thread on Twitter giving an insight into CoTec by GLR Capital
https://twitter.com/glr_1990/status/1623041480553074719?s=46&t=ihG9g242pwLEkN4mxgdM8A
I'm sure it's in hand :)
OK - the Cotec cash is in the current account -
Now -
1 get down the cashpoint
2 fill the suitcase
3 next flight to Malawi
4 Stick suitcase in boot of ultimate MDA decision maker
5 Everyone is happy
Evening.
Whenever they do that I just hit em with limit buys which often go through when you can't get a live quote.
Confirming funding from Cotec convertible at 27p!
GL.
Are you joking?
Each to their own but you are investing £8k and you ate worried that you will have to pay 40 quid instead of 11.50?
It only needed to rise 0.25p above the offer for you to get that back and domd change.
I understand the purist aspect but don't worry about it.
I suspect however, the reason there is a limit is because they don't have 50k at that price and you will need to pay nearer 16 if executed.
The usual shenanigans :)