We would love to hear your thoughts about our site and services, please take our survey 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.
know when to walk away - know when to run. sod that - knowing what to throw away and knowing what to keep! P1ss off Kenny -- This is the ultimate KEEP! Youve got to learn to play it right!!!!!!
Is here... the rest is games and you just need to know how to play it :)
Is looking for companys that are making cash now or are very near.
Contango resources for example start making cash in 12 weeks.
Horizonte minerals is at all time lows and starts production early 2024
It’s crap and frustrating but hopefully value will out
In short - the DFS doesn’t tell us anything we didn’t already know . It is all now hinges on funding and MDA . I really didn’t want it to be released - much rather ride the wave of Takeover / deal speculation that fuels AIM. Hey ho - today’s movement not unexpected.
It's hard to work out. I'm a lot happier about holding now, not that I wasn't before. I can only put it down to the fact that speculators were expecting a big rise when this sort of news landed and when it didn't happen they bailed. Good riddance to them, they would have gone sooner or later.
Timing concerns because of so many moving parts needing to come together perhaps? Accumulate/buy imo. And no need to sleep with the Minister or anyone else Tuff. It's happening. Rich by Christmas with dignity intact I reckon.
The markets are trash at moment. Lots of long term value but people have been gambling short term and now have to sell.
Fundamentals are better than ever.
Somebody please - in clear concise english English - explain the share price movement today. You wait years for this and then you go backwards. Bummer!!
Markets are often irrational in the short term, however they are generally rational in the long term. AIM is especially bad as it's full of impatient retail traders looking for fast gains - which often leads to gradual erosion of a share price over time even if things are going well. There's also not enough volume to make this share move significantly.
It does astonish me that a company can release news like this and the sp remains almost 40% less than it was a year ago before any of these astronomical figures were published. The future is very definitely bright, but who do you have to f@ck to get a mining share off the ground these days..?
It's a great interview and the ducks are lining up beautifully now. MKA and all stakeholders seem keen and are getting on with it.
That's exactly what I inferred too. Also finance sounds like it's "in parallel to Pulawy" which was indicated to be "over the next few months". I think the technical & commercial components are de-risked but we still have a wait ahead
Thanks for the vid link bladey. Is it fair to think that because they are only just about to submit the EISHA documents to the Malawi government that the MDA will not actually be anytime soon. Just asking. Only trying to work out where in the chain the MDA would be as I was almost certain it’s days away ….. maybe not the case now
for LTH's. Good news to hear from Will Dawes that discussions will continue on the finance side over the coming months.
Once the finance package is in place and the extent of dilution is known, this will really take off. (It is a positive that the focus is on international banks, which suggests a significant element of the finance will be sought as debt).
Until then, there may be more opportunities to build our positions at prices which we can be pretty confident will look very low in the medium to longer term. The process of de-risking has taken a good step forward today.
Very promising Interview:
https://www.youtube.com/watch?v=jJlKGGeoMi8
Very positive Research Note from Alternative Resource Capital (ARC) with Near Term target SP of 75p and a Long term Valuation of 100p. MKA "significantly undervalued today".
When the markets settle (and profits taken) we should see this move up nicely
https://twitter.com/Share_Talk/status/1544255632190185476?s=20&t=lo7MnjTJGu3SDLlO8_YkCA
Positive DFS of #SongweHill delivered #Malawi The standalone economic results are robust, post-tax IRR of 32% and an NPV of US$559m concluded by the DFS, and initial capex forecast to be recouped in the first 2.5 years of operations.
https://www.share-talk.com/mkango-resources-21-25p-mkt-cap-46m-feasibility-study-demonstrates-post-tax-npv10-of-559m-for-songwe-hill/
By william Dawes on Blythe Ray News
Convinced me to buy a few.
On yo tubeu/twitter sorry can't post a link!
GL.
There was obviously going to be profit takers ST here. Especially when you consider that many bought at 18-19p level only few days ago to then be offered 22-23p.
I’m
Glad they only announced the DFS and hope they build up the sp by announcing the news individually which will eventually clear out the sellers around current prices.
Really encouraging to see the bid move up to 23.5p this morning and shows we will motor when the MDA comes out. Today will clear out many traders and buys coming in today around 22p will want money 26-27p if they are ST traders.
So in theory we are on the way up although it doesn’t really look like it. Funding will be nearing completion and so is MDA. These 2 catalysts are 100% to be done before the month is out in my opinion and probably within the next 10 trading days.
We finally are seeing signs of Mka breaking out and the regular 10% moves it used to have are visibly getting better. The next rns will see these build up to 24-25p with a 20% min rise on the day.
Trust me folks ….30p is not far away. Keep the faith, and a little more patience. I say 30p because many would be far more comfortable holding with so above 30p than below 20p.
Ps. Who the h e l sold 250k at 21p this morning ? Crazy to say the least. Absolutely madness.
If we get £2.14 I don’t need to work again! I have a decent position here. Holding for a while now!
What are the views on funding ? An RBL or other ?
NPV is basically accounting for the time value of money - so showing future revenues in what they are worth today . (Because you commit the capex now) in order to work this out you have to assume a discount rate (10% used). Standard accounting stuff
:-)
Haha excellent, I’ll take £2.14 for starters then!