Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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18th march probably get more info from them
https://events.6ix.com/preview/cotec-market-update-2
Yeah, a very big buy for last minute Friday. Is this a sign?
That's a big un.
"The Ministry is working hard to finalise the MDA, despite the need for patience due to numerous stakeholders, aiming for the MDA to align with the interests of Malawians, the government, the company, the American Department of Defense and investors"
Fixed.
Momentum building.
Excellent posts from you this week Lewis, well done.
Https://www.miningreview.com/battery-metals/kayelekera-restart-receives-malawian-mining-ministry-support/?utm_source=rss&utm_medium=rss&utm_campaign=kayelekera-restart-receives-malawian-mining-ministry-support
"The Ministry is working hard to finalise the MDA, despite the need for patience due to numerous stakeholders, aiming for the MDA to align with the interests of Malawians, the government, the company, and investors"
Seems there is a lot of work happening with MDAs. Note, MKA visit was last year so assuming we are further along than Lotus
Any time now
Looks like buys and sells are being carefully matched at moment. Hopefully news of substance very soon.
How many weeks now Bonker
5.85/6.30 all afternoon dummying on hl. Odd day.
Stop-hunt then.
Yes, but if you do a dummy sell price remains 6.06
£16k of buys and the bid drops - funny old game :)
Malawi have shown us all we need to know. Different situation indeed. Hey ho.
Federal government (Australia) to invest AUD840m in Arafura rare earths ...
Well, different situation, I know, but nice to have this kind of support from youe government
This puts MKA MDA in the frame again soon imho. The budget was heavy on mining to increase GDP and that starts April 1st. I suspect we will get news aligned to Lotus soon after if not before.
https://www.theassay.com/news/lotus-resources-receives-strong-support-for-kayelekera-restart-from-malawian-mining-ministry/
Great read. Struggle to see a negative which is rare in these markets.
It'll be the Americans who know how to invest in a good thing :)
Blimey.
Must be roll over
Let's not forget Dawes has a decent stake of his own money in here at twice the current sp. He'll not want that messed with. Never any guaranties on AIM but surely the risk here must be as low as it can be anywhere
Safe to say things must be going rather well at Tyseley...
Unfortunately, funding seems to be the fear....yet all companies need it to move on.
Still, there are premium raises and no discount raises kicking about. Will have to wait and see. I'd like to think that MKA BoD have a bit about them and will come up trumps....proof will be in the pudding...
Sadly we're at the stage of the downturn where everyone on the sidelines stays on the sidelines until funding is secured, having been burnt too many times over the past six months. Even when logic points to a strong and healthy negotiating position often the actual outcome turns out much worse than anyone anticipated.
Not saying that'll happen here but it explains the depressing reaction to every rns.
Noted.
Also, context here, cotec are putting 50 million into the US joint venture at this stage.
MKA whole company MCAP sits at 13million.
Compare to peers without hypromag and cotec, who sit at around avg of 70mill.
Warren Buffet comes to mind