Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Yep giant step towards signing of MDA and mining licence as already hinted by the government.
Market will wake up so time to take positions is now!
GL.
Well it’s states - we look forward to the Mining Licence and MDA being approved in the coming weeks. So Jan-Feb I would say.
Still think MDA in January or more likely a week or so?
That's as good as "guys, MDA is nailed on" in my book. Well done MKA!
Get in!
I picked up another 50,000 shares this morning
30p could be hit sooner than you think. If all goes according to plan the next 6 weeks i'd expect MDA, finance, cotec update and fingers crossed some good news re Pulawy. MDA could well open the flood gates imo.
Anyone with sense and money. This is gagging to break out. MDA, finance, logistics, perfect storm timing. I don’t expect fireworks immediately, experience tells us the market is modest atm. But once this gets going it’ll take its rightful place with it peers. IMO 20p on MDA and possible retrace, with a steady climb beyond 30p over the summer. Possibly 50/60p sometime this year.
Late 75,000 buy again today?!
Whose loading up here quietly?
Canada listing up 20% so far today
I picked up 300,000 shares today and yes was the one lifting the price to 15p to get them. This adds to the 450,000 Canadian shares I hold.
The are big risks here but if we get ML, CoTec transaction goes ahead, we get news on recycling development in the US then there is huge upside, which will then make a needed equity raise less dilutive.
Personally I am here for minimum 2-3 years and looking for a multiple on the price paid for the shares today.
I guess :)
We're only a quarter of the way there though ;)
Raise the SP :-)
Not sure how you generate sells here at this point in time.
15 grand paid at 15p.
It’s almost like we have limited free float and a few months ahead of serious news :-)
Buy action starting to heat up again. News inbound. What a moment for this company. Come on Chakwera let’s dust off that quill and ignite Malawi’s role in the green energy revolution. News within two weeks I feel. GLA
Stewart Newton bought most of his holding above 20p early last year and still holds over 5%.
Michael Geoghegan was paying 30p when he went above 4%.
A top fund manager and an ex HSBC boss. You couldn't ask for better connected HNW individuals if you tried.
Already involved with US govt to fast track this when signed off.
Current SP is a gift.
I fully agree, financing is not an issue for long term investors.
The key is the ML followed by info on the Pulawy FS (and importantly the NPV). If all good then financing will come, the West is desperate for near tern Rear Earths. Yes there will be equity need and dilution but that is the case in any new mining development, with the big gains to come longer term.
The investment in Hypromag gives another near term exposure to Rear Earths and recycling is being commented on everywhere as the next huge thing.
Therefore for me, ML is the critical thing. Then after that I don't care what share price will be next 12-24 months, after that we are looking at a significant multiple on todays price.
Much to look forward to but I guess the reluctance of buyers is around funding (ain't it always).
Initial capex is US$277M excluding US$34M contingency.
Last June Mkango hosted site visits for a number of major commercial and development banks. They have also been in discussions with a number of off-takers.
Personally, I don't see finance as being a problem but maybe that's just me.
The demand for rare earths is certainly there and I like the fact that we're not a rampy pumpy lifestyle company. When they release news it tends to be significant.
Once MDA finally lands for Songwe, we've still got the feasability study for Pulawy to come (capex estimate US$120M) and the DFS for the integrated project.
There's an 18 year operating life forecast for Songwe. assumed from Feb 25 but then we also have Nkalonge Hill as a potential source of additional feedstock.
Oh, mustn't forget the recycling business nor the Rutile.
For me, this is a long term hold (been in pre Songwe pfs) and I'm not too bothered if the kids get the benefit as I really can't be ****d to trade it.
Should be an interesting few weeks ahead. Good luck to all
...
Yes bonkers SP. Under the radar or out of favour for whatever reason. Has to be a buy now though with a clear steer from the minister that we'll see the win-win MDA within 10 days. And realistically funding can't be far behind. Songwe alone can contribute 2% of Malawi's GDP. It's mind blowing.
You’re certainly expect so. I’m bracing for anything up to three weeks for news. And I don’t expect fireworks anymore. If the MDA lands and the terms are good I expect a very modest climb back to 30p. Still, exciting times here. GLA.
I dont mind if this stays under the radar for another few months to be honest. I have some free cash coming up and it is going here.
The valuation is total b__locks. Should be x4 now.
Has to be odds on for a run upwards next week as the end of the month approaches.
The billion $ mine is valued at zero at this price.