Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The only thing happening at the moment is everyone's investment is disappearing up its jacksy,
Go on then - drop her ...
.
Chocks away.
My average is 23p. Hoping we can get there on MDA news. Mrs M is distraught about my investment but still gives it to me 6 days a week. :))))
No chance nen. Too many big investors here and even if they put a sale flag up they would still get way more than the sp right now. Time to buy n hold. Should see a bounce today and a blue finish. You heard it here first.
Lets hope they don't end up like Sirius minerals. Great asset but just starved of the funds needed to complete the project and get snapped up for pennies by the vultures with the BOD saying "we had no choice". Then the BOD get very nice cushy jobs still running the project!!
A sale is the best option for us to maximise our return. If we go ahead with the projects using external finance and grants we will still need working capital and that means placements. Let's see what happens.
So down it goes with hardly any cash left and God knows how many more milion will be needed in working capital to bring any of the projects to a cash generating stage. The projects are brilliant and the potential is massive but the market knows that they do not have the resources to complete anything without help from partners.
I do struggle to understand the Talaxis deal. With this deal they would fund the whole mine con and give us a risk free share.
Hooray: but then Mrs M said...so you bought in at c30p but now it's really happening so soaring to 16p: it's a good job you arn't in charge of the housekeeping! And what is it they do? They do digging and stuff...you just don't understand... go get my supper.
My VanEck Rare Earths ETF is moving nicely so I suspect we're close timing-wise - just need China to throw a faux hissy fit over Taiwan and then ...
Glad you didn’t wait for 14s mate. Took some more myself at 16s. Happy to wait here. Obviously you don’t get governments falling over to be a part of your asset for no reason. Having said that management need a big size 13 up their …. To get a move on especially on the financial sides.
I took some this morning - wasn't easy to buy at 15s.
This is worth 60p on the current issue so happy to add at the mid-teens level I mentioned last year for the 4x ...
Bonker. U can never say never but 15p bid was hit this morning. Good buys coming in. No point waiting for another 5% -10% drop when these could put on 30% or more within a session or 2 from current levels.
It’s in uncharted territory at the moment and shrewd investors would be buying at these levels.
Good luck with whatever you do mate. We are all here to make money …..well we try to :))
I expect them to reach for 14s mate.
Looks like we could end the day in blue. Wouldn’t bet against it.
Nearly there chaps.
When they do need funds they always do it at a premium or via some shrewd investment scheme
Cotec are signed up for £1.5m so I don't think cash is an issue, if it is the last few have been at a premium so could be a good thing Sp wise
Let's hope so
Super. I mentioned before the £500k would be going. They can easily raise at current price or above. Nothing to worry about here. Emotions get involved no doubt but overall we are in safe hands and investors would jump at the chance to buy up a decent stake here. Looking for a bounce past 17p again this week easily. Stay positive folks.
'going concern' is standard and has been in the accounts for as long as I can remember.
I don't believe funding is going to be an issue with what we have.
Munch
Have you read the financials? The cash is gone and going concern is mentioned. If there is a takeover going to happen it better be quick before the placement. It's going to be a tough week here
Finally. The flush is on. This is it. Time to buy what you can at current prices. Everyone apart from some are under water including the the big investors. Kind of glad this is taking place as something needs to give. Takeover on the cards 90% I reckon. Interesting week ahead. !!!
Agreed Munch. We need a juicy RNS and now. The market is treating nearly all AIM mining companies as junk and elsewhere alot of my portfolio has crashed as projects are shelved on funding fears. We should be fine here, but the market needs to know this from the bosses by way of an RNS. Imo I am hoping we get bought out at a decent price and let someone else take the risk in developing the mine.
August is always quiet. News flow will start next month.
Good luck mate.
This actually shows Cotec ambitions with investments 3x and 5x already apart from from Mka. For them to invest in Mka they must be looking atleast 3x also. It’s a long slug but trust in the asset is what’s required. Important week ahead. We need to break 20s. Let’s hope we start tomorrow with a stinking rns. I’ve let Mka Twitter team know what we think as investors so hopefully they will start to get the gist. Here’s to next week and beyond !!!!