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Super. For once I totally disagree. “A lot further to go” suggests the 15p range and it will never get there. Absolutely not. With the news that’s due I hope you haven’t sold off too many. It’s tempting and if you or anyone does for a profit then good luck because we are here to make money.
Let’s hope we can finish blue today …. Yes I am optimistic today. Let’s go !!! BFS and MDA will keep this in play for this week and next !!!
Things were different last year We are now in a terrible bear market. Unless management realise this and deliver the BFS on time, the share price drift has a lot further to go. It is absolutely critical that they stick to their own heavily delayed deadlines or fully update the market by RNS.
Steady on chaps. Who’s rushing for the exit door ffs.
Lots of selling this early ??? Hmmmmm
Really strange how MKA lost its mojo completely after hitting the 39p high. Let’s hope it doesn’t fall much lower here. :((
It depends on what it says. My take, the MDA is more important.
The BFS will preclude additional finance needed to remain a hoing concern and I think it will be the driver for the price.
My guess - 20-25p raise price. Push to 30p ahead of MDA and then 35p MDA confirmed. Drive to 40p ahead of FEED and mine finance.
However, if this gets reevaluated against its peers at any point then it will be above 50p at MDA
Here’s a bit of fun… if the BFS dropped tomorrow, what material impact do we think it might have on the SP? 10%? 20% increase? Or will it be a case of stead increase to mid-30s over a month or so? I’ve been here before and been seriously underwhelmed after much anticipated news in other companies.
I agree and management have always been poor giving regular updates and news. In current market conditions they need to be a lot more proactive and I don't just mean the odd tweet or two.
Let’s hope there is news. If they miss their own deadline the market won’t like it. Those precious seconds are ebbing away this quarter.
I reckon there will be at least one RNS this week and another next week too.
Lewis. I agree with the delay but I wouldn’t say some way off. Sounds like another 3 months lol. Didn’t want to be negative because I know it upsets you but I believe this tweet / interview was done to kick the can further down the road by keeping the investors on edge like a meerkat.
It’s absolutely shocking how the parliament speech months ago could not make the minister conduct a site visit ….possible only until now.
I don’t think they have a decent legal system or administrative know how to process applications on time. I’m glad we are not drilling a wild cat oil well but finalising plans for what we ALREADY HAVE !!!
If the minister has just got off his a-s-s and visited the site, the MDA is still someway off in my opinion. Some of the wording he used in that interview, "I thought they weren't serious" etc makes you think.
However, BFS should be there regardless and MDA will come.
This is a good accumulator point I suspect. I've added x3 over the last few weeks
F hope so. Looking at the scramble to buy today makes us put “ going to the moon “ to shame :))
The rns to confirm £500k received and the bfs. 2 rns definitely this week as stated by mka themselves.
Add another 1 atleast next week. Looks like the MDA is going through a constipation phase and should squeeze out first week of July at some point.
Read this attachment paras 20 and 21 and understand that Mkango does not have the resources to comply with the two month deadline if their samples show a commercial discovery. All go on the REE discovery instead which looks extremely positive.
http://www.mlia.uct.ac.za/news/mining-licencing-regime-malawi
It seems as things are most definitely coming to a head now! Release of BFS and MDA will be the gateway to release of further more important as to path to monetisation of the company on a large scale.
It should be a very telling week. Good luck to all of us who have backed this one. There certainly does seem to be the makings of a fine company who will play a major part in a cleaner future. Let’s hope it’s only a few more tics and tocs before the clock strikes boom.
Great posts from MKA. Certainly been officially told the BFS is going to be announced this week. Happy that the minister managed to get to the site.
Trying to stay positive is key here and it’s been sad looking at the sp and it’s volume which will surely get a myles tweet to add to the pump higher.
Just quickly ….why it took the minister so long to go to the site ? He was pushing the MDA months ago in that parliamentary speech so let’s hope he’s a bit quicker this time. MDA & BFS should take us towards 30p. It’s been late but I think it will be worth it. Where the …. Is the rutile rns ? Mka need to put in a shift. Shame we are so low at 22p. Can see traders getting on tomorrow morning then selling off Tuesday. Bfs will be rns’d Wednesday I reckon. My personal target for close on Friday is 26p mid.
The MDA is a big thing : it allows what and when they can mine. With whom they can mine with. What the £££ involved and who gets what. There’s so much discussed on a undercover level hence delays. Malawi government must have been told about the offtake receptors who are ready and the likely hood of US funding it. The MDA unlocks the future for MKA. Hold on folks. When it comes it will be explosive and many many rns will follow.
Big news on Twitter!
https://twitter.com/MkangoResources/status/1540954295000080384?t=pzC_ne_tEwyQYRVCPzqwrw&s=19
Yes, I (and I like to think all LTHs of MKA) fully agree to the above.
But... given the fact that this BFS, so very important to MKA and us shareholders, takes soooo long, delay after delay, and less than a month ago it has been repeated by BOD that the BFS will be RNSed this Q2 (only 4 trading days remaining), makes you wonder.
Yes, in theory there will be a RNS next week, but I find it a bit difficult to believe they're still working on this right now.
Perhaps an explanation by the BOD, would be appreciated.
Hope to be proven wrong!
GLA,
oh, and don't forget: you would NOT want to be out of this over the weekend ;)
Agree SuperRoty, It will change the face of the company and provide a guidance to a major path forward. The politics behind the scenes has got to be the most complex of negotiations also in history. With one of the biggest nations and conglomerate of nations squabbling over grabbing future resources, the future is very bright for MKA.
This feasility study must be one of the longest to produce in history. I personally will be very surprised if it lands on time. That's why I have a lot of cash ready to invest.
People have been saying that for ages tbh.
They need to update and actually move forward as implied, long waiting game at the moment.
If no BFS by end of June, as repeatedly promised, I will question the progress actually occurring instead of assuming all good behind the scenes.
That's just my idiot view though.
Incredibly low volumes here at present! Can't imagine it will be the case for much longer once there's a wider awareness of what Mkango are sat on.
Atleast we have another rns guaranteed in 7 working days time.
You wouldn't want to be out of this etc.etc.
GLA
I hear ya Tuffty.