The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
$500m ??? Lmaooooo. Where did you get that figure From? They only need $230m mate. Time for you to get your head out of the cristalball because it’s telling you lies.
Need the MDA signing. Need to find $500m from somewhere to build the mine. that's the critical path.
Has to be fear of funding! Nothing else?
Plz spare a thought. “ general miners “ that are digging holes in the middle of nowhere using millions in rig costs and then diluting investors on a regular basis then yes.
Having the most sort after material with a unique mine and excellent investors on board …. Then it’s no. I can see this turnaround this week and expect another rns this week.
These are the times to accumulate and be quids in when it starts to motor. There’s constant selling which baffles us all but we don’t know why ? Are these people exposed to other assets like crypto ? Or other positions ? We need to focus on mka and what Mka have to offer is amazing value even though we feel like it’s been forever. Cut out the market noise and add to your positions only if you can afford to. I don’t think there’s too many mining applications in submission for MDA approval so it will be quick from here.
Same number of shares bought and sold today yet we close down nearly 10%. Honestly I don’t think even God knows what’s going on with this stock. I mean they have suppressed us for min 7 months now. Let’s hope we make get an rns this week to keep this train moving at snails pace. :))
Afternoon.
By my reading - assuming MKA own 100% of Songwe - then the project/mcap here should be around £140m, not £40m ...
I've taken some at 18s today on that basis.
Casual mention about Germany -
Mkango & #HyProMag pleased to be part of of this €14m project to strengthen #RareEarths supply chains - also great to see site for #HyProMag Germany scale up in Pforzheim - with Songwe DFS announced this week, Mkango can deliver a unique Mine ??Refine ??Recycle ?? solution
YTD share price -38% is just mind numbingly remarkable imo
Great write up about the songwe potential and headline tabloid coverage. It actually confirms they HAVE offtake agreements in place and makes you feel like it’s only now that the full ministerial team is behind the project. MDA is coming fast here and this is one stock you don’t want to be out of when the newsflow drops. Also waiting on :
Rutile
Thambani jv
Hypromag partnerships
MDA next along with funding and offtakes. Can see these start to move fast. I’m still looking at a move to 24-25p next week. Not long left now !!! Check out the twitter write up. Sound very promising.
Very strange few days. Not sure how the SP managed to decrease after the much awaited DFS. MDA next I suppose? I still have faith as we all should it’s just bizarre!
Thanks Munch
I'm holding because I've been in MKA for so long and always believed it will come good. Hopefully sooner rather than later. I'm lucky that my average price is low. So I'm in profit but I see it has the potential to go much higher, which would make me financially secure. Investing in shares can be rewarding. I think MKA is secure investment but the wait and ups and downs takes it toll. All the best to you. Let's hope we are rewarded for our patience.
Veggy. I know that feeling mate. It’s been tough here to say the least but any sign of this getting an rns logged for the MDA and everything changes. All it takes is one DECENT rns. They have multiple deals under NDA in my opinion.
Good bounce today. Can see us finishing blue. Come on mka :))
Honestly. I wish I had the money to invest more because I would. For me it's hold strong. More patience is required. If the markets were in a different situation I'm sure we would be at a much higher share price. I've held for over 5 years and I'm not giving up now. I believe it will come good and LTH will be rewarded. Its taking longer than we thought but this a fantastic investment. I wish all the best. Stay strong and good luck to us all.
amazing coincidence! I bought the same number of shares at almost the exact same time. glta
I think next RNS will be MDA
Then followed by EMRA securing funding for both the Pulawy plant and Songwe
Not sure how fast that second RNS will come, whether it will be pre/post DFS
Either that or someone swoops in very quickly and makes a bid for the lot
If they are interested they dont have much time
bought another 51,786 shares just now.
made my mind up that they will actually fast track the mda as they have been waiting for so long and that parlimentary speechg looks a bit off if they dont get a move on.
also why i bought more was the finding rns could be announced anytime and doe not actually depend of the mda being announced but will be subject to the mda approval which is not a lomg time away, either way folks you must make your own choices and i feel todays selling early morning and yesterday was a large amount and as we move forward the sellers will require higher prices at tarders.
expecting 24-25p min by early next week and another rns of some sort. volume as picked up last hour. come on mka
reminds me of the 5-6p days
We all said at the time this is crazy, but people thought we would run out of cash, have to dilute massively etc.
Its always been the case with MKA, fears of delays, cash position etc. followed by incredible game changing news and then over a coupe of months we go up 200% (3p to 10p, back to 3p to 38p, back to 19p to...)
I am absolutely baffled by the reaction
The COTEC news advanced us $800K at 27p
We have £1.5m GBP for the investment in Maginito AKA hypromag which values that alone at £13.5m (15m minus 10%)
We are working and one of the select 14 projects with the ERMA
They are currently raising around $2bn dollars to fund these projects
Once the DFS Is out for Pulawy this will be funded I am 99% certain with little to zero dilition
Then the joint DFS pending MDA (which should be arranged soon)
Very very very likely ERMA just takes the lot and secures critical minerals and supply for Europe
The US Has done it recently with Lynas ($120m USD plant project fully funded no dilution or cash from Lynas)
The risk ofc is the amount of time it will take to access these funds in this bad environment, but then again thats why the SP is 19p and not double/treble
In short, eventually all of the above will happen, Songwe will go into production with or without us and the Poland plant will get built and process rare earths
The chance of success is extremely high IMHO and looks more and more attractive with each sell
I imagine the market perceives delay now, ahead of the MDA and funding. So traders and weak holders may exit for now. Not untypical for natural resources growth stocks.
The fundamentals make this a no brainer though. And a real advantage is that all stakeholders are singing from the same let's get on with it hymn sheet. Usually there's some concern, like management dither, or a regulatory body delaying permits/licenses, or local protests. None of that here. Even the banks are queueing up.
Particular patience is needed where governments (incl. the US) are involved in an international project.
All imho.
Thanks for that GLR. Great posts on Twitter from you also. Keep up the good work.
Super , that’s my wish also bud. Selling that asset to then concentrate on the recycling plant and we would have the funds to establish more sites in Europe. Not to mention whilst selling the asset we would agree the offtake to process the material. Perfect combo.
Forgot the link page 18 and 33
https://eit.europa.eu/sites/default/files/2021_09-24_ree_cluster_report2.pdf
We already have funding secured to a certain degree, it is just a irrational market
Page 18 and 33
Mkango Polska
1.7bn Euro fundraise from the EMRA - they are working on getting funding for 14 projects, which includes of Pulawy plant - if that is fully funded, it adds 27% to the economics of Mkangos Songwe project, which will then surely achieve funding of that project (I mean what a bargain) which is why we are doing a joint DFS for both Pulawy and Songwe, I think the whole thing will be funded and secured by the ERMA
https://www.mkango.ca/news/diversifying-the-rare-earth-value-chain-for-europes-green-transition-erma-supports-mkango-in-development-of-pulawy-separation/
Crazy market, just got to remain calm and clear, everything is in place
We do need an MDA but I cannot see that being too much of an issue when everything else is lined up and ready to go, give it a few months and we will be very happy
Munch
You are right but it will drag on. I wish they would sell the project. I think this is the best option for shareholder value.
super, are you serious? your now saying that funding for the most sort after commodity is a worry ? come on mate, where have you been all this time. Funding will never be an issue here and never will they raise equity at 15p is what you might suggest next.
the MDA needs to come and then the funding news, the rest is history and we can relax thereafter.
It's the concern about the financing bringing this down. It's ok talking to banks etc but that does not guarantee an advancement will be made. Money is tight and MKA does thing by the book and right but that means the project is moving at a snails pace. I am holding but I understand why people are selling.
It's not unique, merely self deprecating and there's an entire thesis available about it online which may offer a positive interpretation of the minister's comments ;)
https://www.academia.edu/38583734/A_Country_Laughing_at_Itself_Malawian_Humour_in_the_Digital_Age