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Hopefully another RNS to come either this morning or tomorrow before the markets close for Her Majesty’s jubilee.
Have the week off work so a lovely Lay in followed by this rns points to a good week ahead for my health :))
Here’s my quick summary :
-Looks like this has been the work of jonas group with more on the way. HUGE news to tap the US markets.
- 27p strike price must have been agreed when we were much lower in market price over last few months so I’d say 25% premium they paid. Great.
- playing issues have all gone. They repeated that funding discussions are on the way with songwe so expect big big news rns next few weeks.
- expecting 28p wall by Friday and would be very happy with that. With such big newsflow we need to be in the 28p-32p range which are massive walls us to break seriously higher when news released.
- more smaller deals are on the way.
- I expect another rns this week as mka always gives them in 2s n 3s.
Finally I think we are just ahead of the curve when it comes to market sell off / crash. That’s what I was worried about more than the company fundamentals. I think we can most certainly hit 40p + on the big rns news and maybe higher.
Ps. Dickie those companies went from 4p to many multiples because it was a different market back then. Aim has had money flow sucked out of it. Many speculators have gone or been wiped out. I don’t think it’s fair to compare but we get what you mean. Personally I think many would be happy just to see us stabilise around 40p or more for now. It’s criminal how we hit 18p low recently.
Very likely. 30p would be a start mind!
Easily reach 60p - 80p in the next 12 months.
Remember SOLG, BEM Beoeulf and AEN Andes Energia, all went from 4p to over 60p in less time and with much more shares in issue?
MM just playing around! Buys are showing up as sell. Now that the cash is sorted i see us moving up much higher.
Im here to see what happens in next 12 months so not invested in short term moves. As i get more funds ill keep adding here.
Good to see us moving in the right direction!
InvestEgate
https://www.investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-and-cotec-to-collaborate/202205300700081625N/
Highlights
Mkango has signed a non-binding term sheet with CoTec Holdings Corp. ("CoTec"), an ESG-focused company investing in innovative technologies, led by Julian Treger and Braam Jonker, in relation to investments by CoTec into Mkango and Mkango's subsidiary, Maginito Limited ("Maginito"), and collaboration in downstream rare earth technologies (the "Transactions"). The Transactions are expected to include the following key components:
o CoTec will invest £2 million (C$3.2 million) into Mkango by way of a two-year, unsecured convertible note ("Mkango Note") with 5% interest, convertible into Mkango shares at 27p each, providing Mkango with additional working capital as it advances financing discussions for the Songwe Hill rare earths project ("Songwe") in Malawi and the Pulawy separation plant project in Poland
o CoTec will also invest £1.5 million (C$2.4 million) into Maginito, equating to a 10% equity stake in Maginito for the purposes of strategic investments in downstream rare earth technologies and working capital
o Restructuring resulting in Mkango's wholly owned subsidiary, Mkango Rare Earths UK Limited, ("Mkango UK") becoming a wholly owned subsidiary of Maginito
o In consideration of a four-month exclusivity period, CoTec will advance £500,000 (C$805,000), no later than June 20, 2022 (the "Advance"), offsetable against and carrying largely the same terms as the Mkango Note
o Mkango and CoTec will enter into a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States
·
Beat me to it Troajan
15 mins ago
https://www.proactiveinvestors.com/companies/news/983560/mkango-resources-unveils-proposed-3-5mln-investment-by-cotec-collaboration-on-rare-earth-technologies-983560.html
Any thoughts on the restructuring of Mkango Rare Earths UK Limited into Maginito and the subsequent dilution of our stake?
What was the subsidiary Mkango Rare Earths UK Limited responsible for?
The £20k 'sells' was in fact a bed and ISA transaction and not two sells
Cant buy in big size!
Luck i have enough but wanted to add another 50K!
Looks like everyone still asleep
Looks like someone forget to buy MKA!
+30p close today!
LFG!!!
Waited too long!
Great news. Loving the mention of expansion into the US. More working capital as we near feasibility study release. Company is about to have its pivotal year. What are peoples views on this? I’m looking for 25p first half of this week.
https://www.proactiveinvestors.co.uk/companies/news/219475/mkango-resources-sets-itself-for-rare-earths-upswing-as-evs-take-off-219475.html
New investors in MKA may like this overview/summary by Proactive Investors
Deep Dive
Well worth checking out?
Let's get to 30p first...
•¿•
jmo, but to me this looks ready to pop 50p.
showing a good sign here, good bounce from yesterdays sells and mms are playing this well, fortunately we can all see this is heading way higher.
very content with todays action, looks like i will be getting ready to put on my moon suit very soon and let everyone know its time :))
come on real madrid...lets goooooo
We have retraced a touch - you ok munchbox? Sorry I can’t help it, having to read months of capricious posts from you. Pause . Regroup. Push on .
Bonker. Spot on. Charts look tasty dare I say.
The fact we are carrying this positive momentum is brilliant to see. Let’s hope we can touch 28p ask tomorrow and the weekend will do us good.
Next week could well start off with an rns or 2 taking us well in to the 30s. Personally songwe is small enough to get full funding eternally. I don’t think they will need to raise for it. I can definitely see small starts at night now. Had wondered where they had gone for so long :))
Topped up. Good price. Happy days. GLA
I must confess, i first bought MKA about 4 years ago @ 5.5p and was over invested leaving me nothing to play with. I sold half at 7p to buy GGP . Then sold the rest at only 9p. I stayed out until recently because Ggp was making similar gains, so thoughvi made nice early profits i actually made much more in Ggp. Trouble was ....i watched MKA fly all the way to 38p, sovi was effectively priced out.
Not to worry..as i bidrf my time and now out of Ggp and made good use of those gains to invest even more money in MKA, POW, UFO than i could ever have done had i just stuck with MKA.
NOW i have the benefit of a second wind....
...and yes MKA imo has the potential to be a multibagger even from these levels.
GLA
Morning.
Well if it's going back to 37p then it's making exactly the right move at exactly the right time.
No news until 30p please. Let her climb..
.......eventually.
Just wait out the down days.
More to come on news?