The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Clueless idiots selling, that’s who! Serous investment in at 27p and folk selling in the teens after confirmation of funding!
I've been watching MKA for a number of months but been concerned re funding - the RNS provides some short term assurance at least so I am now in at 16.4p
Yes great news but whom is deliberately selling into this good news?
Shorts?
Kinhell!
GL.
Great news.
should move up and out of the teens for good now
It also puts short term financing to bed.
Wakey Wakey market !!
I like this bit!
United States Co-operation Agreement
Subject to Maginito Investment Closing, Maginito and CoTec will enter into a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States.
Yes and Yes!!!!
News today or tomorrow, possibly another small advance or finally close out the transaction
Unless I've overlooked something there's been no update since the RNS 3rd December 2020 announcing the end of the exploration programme: "All samples have now been transported...(to)..Scientific Services in Cape Town, South Africa...detailed mineralogical analysis will take place. The Company looks forward to updating the market further once it has received and evaluated the assay and mineralogical results."
Obviously the pandemic would have slowed things down but I've emailed the company on the rutile results issue and received no response. Has anyone else? Strange that they seem to be sitting on the results with Sovereign Metals' discovery right nextdoor
Nothing likely to happen anytime soon but I see that Sovereign Metals have reported decent infill results at Kasiya and are working on a PFS expected first half of this year.
It's interesting as our Mchinji license (434km2) adjoins the Kasiya license and we have reported decent grades from very limited exploration to date.
All of these opportunities need a lot of cash to explore and while I'd love to see some traction here I'm happy that the focus for now is on Songwe. Shouldn't be long now for the MDA.
Indeed, i believe MKA say integrated DFS is next, as Pulawy progresses, implying perhaps the favoured approach is funding for the whole mine-refine-re-recycle business altogether. Officially at least.
Funding could take many forms though. I wonder if Songwe in particular might be funded sooner as a standalone project. There was a beauty parade of banks at Songwe last summer. We could maybe expect a Songwe BFS.
Yes, they have been transparent, the funding was to get this to the next stage, that was the DFS. Next up expansion to include the processing plant in the DFS. Economic climate aside (which is improving - from 12 months ago) there are plenty of options for small scale funding. Likelihood for me will be Malawi Govt. investment (See Pensana and Angolan Sovereign Wealth) and also interest from Cotec and US.
So many nice strings to this bow and at the right time. The price of Ree is only heading one way.
I also note the recent FUD merchants appearing, it has been happening for the last 12 months in drips, each time a positive news item appears you get negative sentiment posters, who have never appeared before.
DYOR carefully, this one is a solid platform for REE investment for the next 5-10years. MCAP is tiny.
Yes, it's nonsense - nobody can fund anything without a DFS and that was only parked in august.
Strange that anyone would have held previously on the 'assumption' that funding was secured. Funding has never been secured, not at any time.
The previous arrangement with Talaxis allowed them to increase their % by securing funding, which is not the same thing at all.
lol. you will not get this for any cheaper by trying to instill fear here. just hit the ask, you will do well
munzhino, you are right that the Talaxis transaction unsettled me ; I had held here previously on the assumption financing was secured. That seems to me no longer the case, and that, no matter the strategic or monetary woth of the asset, the company is nor beholden to funders, who usually extract a high price for such.
i may, of course, be wrong, but I'm wary of risking my hard won cash until I can see it won't be hugely diluted in the coming months. dyor and take your own view, but that's mine.
easy money right now
All buys so far today, a strong finish to the week would be a good signal heading into February where MDA expected.
The photo on MKA Twitter re the Environment Certification looks quite a big deal and shows the strong relationship between Malawi govt. and MKA.
This could be easily 50p+ by the end of 2023. 3-400% in the short term. MCAP as commented is ridiculous against peers e.g. Pensana
Agree - current mcap target is in the 50s based on the current issue - assuming REM prices don't take off again.
Numerous possibilities re funding, bearing in mind the demand for rare earths and the 'west' wishing to move from it's dependence on China for supply.
Talaxis is a major shareholder (part of the Noble Group) and would almost certainly be involved in discussions around offtake agreements.
International development / investments banks have been hosted at Songwe by Mkango so one would assume discussions are ongoing from that source.
In terms of Europe 'ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Pulawy, Poland.'
Of course, there's always the possibility of a proportion of funding through equity.
What form any of these take and in what combination is what everyone is keen to find out post MDA - it's all getting rather exciting.
As for share price - not a clue. I could say 50p then find out we're diluted 20% during the funding stage. Better off just focusing on market cap - currently well below Songwe value alone with Pulawy, Maginito, and other projects (inc Rutile) to add in.
Has anyone looked at projected share prices - any thoughts on financing sources? Thanks