Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Could there be news soon about the Environmental Social Health Impact Assessment which is nearing completion and the Songwe Feasibility again study Nearing completion ?
actually it is you that needs to read the rns again. mda to be released 3 months from today and the feasibility study and valuation metrics will be released then. so you can go ahead and be negative
WRESS, read rns again. The 3 month is the MDA so no delay as we were never given definitive time for that.
Bfs on schedule along with all the potential talks they are in. Even I’m struggling to be negative here lol.
Another rns this week is nailed on. Can see a good pump going towards the end of this week. Happy the pilot rns is out of the way.
Both Mkango and Pensana which I own - are crushed with the wider market. Both on bombed out valuations of c3-4% NPVe (mining + separation) at spot NDPR (prices effectively at highs).
Yes delays for both, but when you trade at these type of multiples, hefty negativity already priced in.
Need for West to secure access to Rare Earths ever more important as critical for defence.
BUY
Always extending and extending
People will sell because nothing will happen
Never understand people selling after an RNS
Spot on! We’re on track for a 100% gain in share price this year from current price level. Easy buy and hold!!!
BFS will rns by end of this month latest with the mining agreement within 10-12 weeks.
Ogftake discussions have began and can be announced before the MDA so watch this space.
IN discussions with potential funding partners and off takers is the green light we need here.
Finally jonas group are active in our process. Expecting a big big few weeks here and done heavy news.
Feel like another rns is dropping this week. Hypromag. Thanbani. Rutile.
Good summation. The perfect storm around Mkango is at critical mass. Political and economic imperatives pushing things forward. BFS is 95% done and agree, will land in under 3 months. Malawian gov doing everything they can. What an opportunity at 24p. Nearest peers all at a 100p. Get in and sit tight. GLA
In short:Feasibility nearing completion and on track having successfully produced rare earth carbonate.Mining development agreement being finalised but Malawi government has publicly confirmed it’s intention to do so, and has already started building the road infrastructure.Discussions with potential off take partners ongoing (see link to Jones Group which is in effect the US govt), and discussion with capital providers. It would appear this will get developed out and sold to the US govt. Expect to announce final results of feasibility and MDA within 3 months of today.IMO it won’t take 3 months. The US govt willwant this before any risk of the Chinese getting eyes on the Malawi prize particularly given current global events (rare earth is as important tor defense as it is for the auto industry). There is a reason why the plant is in Poland - a NATO country. The same NATO country that is reportedly to receive US jets in return for sending older aircraft to Ukraine.Remember they were speaking to the US govt sometime ago. Would appear to have been the plan for a long time.IMO the entire operation is strategically too important to US national defense interests for it to do anything other than get to production asap.I wouldn’t want to be out of this trying to guess when to enter ‘in the next 3 months’ given how fast things could move.
Green light
Oapk20. I think that must be the case. For the life of me I wish to change the sp on a daily basis to profit but unfortunately I don’t have the clout just yet lol.
Looking like the seller continues, regardless of who has de-risked super and we take your word for it, the point is why have they delayed it so much ?
Hopefully there’s a good reason behind it. I noticed sovereigns rns yesterday about a 25 yr off take agreement for their rutile which is next to ours. Sp up 10% or it added £10m to the market value.
They are valued at £110m, seemed like big news to me but a 10% rise is ok at best. I really hope this does not turn in to a slow burner. At this rate we could struggle to see 40s for a long time.
Sorry, why would sanctions affect us? Or are you referring to our Russian holder? I assume he'd be locked out, and if he did manage to sell off, once the headaches in Ukraine are over, (soon I hope), he'll just buy back in assuming that sanctions are removed/reduced.
Scuse the naivety
I wondered exactly that.
Or a seller is bailing before sanctions. If so, once they are cleared bring the news.
Munch
Are you actively trading MKA and trying to get the wider audience into buying and selling? Most people are happy to let this one ride. I derisked months ago and happy to let this ride.
Wow Munchbox. You come across and clearly referred to being an emotional investor and some of your posts are concerning with clear emotional swings. You know your stuff when it comes to MKA so you are clear on the fundamentals, why are you panicking? You’re clearly watching daily movement but if you have invested for the fundamentals surely you are confident in MKA delivering??
There is risk in every investment so you always have to be prepared to lose your investment, but your nervousness suggests maybe not? You need to make your own decisions whether you’re prepared to hold based on fundamentals or you’re a weak holder and going to sell. You’re posting like the latter so I’d ask that you stop posting rubbish and talking the price up and down and either sell and let a stronger holder take them or grow a pair of balls, hold your share and start posting more informative and helpful posts like you are used to. I’d be more than happy to engage and talk to that Munchbox than the nervous, weak holder.
Jumper over and out
Looks on the cards here. No emotions. Just real talk. There is absolutely zero buying pressure to outweigh the selling.
Mms will take this down to 20p. It is what it is.
NB4. Good points. Drip feed is one thing but I’m sure each one of the expected news flows are significant in their own right.
Anyway I think the mms got scared today, I put the kettle on …..nearly had a shock at the sp so funded my account to go ahead with a angry emotional purchase and they shifted it quickly to unchanged. :)) looks like it’s working.
Let’s hope we close 26p. I feel calm today. Looking at Russian stocks plunge just sets in unease although Mka have nothing to do with any of it.
I’m still here. Holding strong. Have come this far I don’t think I’m leaving early. Come on mka
21 more business days until the end of Q1. Plenty of news expected in that time
Stock correction overdone and offers great entry point.
Trading on bombed out 3% NPVe (mine + separation) at spot NDPR prices, on my calcs.
Need for West to secure access to critical minerals, of which rare earths been top priority, ever more important.
BUY
and if in doubt look at the mcap compared to the last set of financials, and then the potential future value based on the assets held. Even if you apply a very heavy discount based on the risks and current status it is undervalued by a long way IMO
The BOD will know the market doesn’t like uncertainty. Positive results from the feasibility will be great, but immediately the next question will be ‘and what’s the plan’.
No point having drip drip of news. They need to be able to update on progress and give a clear strategy on route to commercialisation of the project, or sale. If it’s not a JV or sale (which would be the obvious) then it will require an additional capital.
Invest on the fundamentals. Nothing has changed (other than the stability of the market). Sellers sell for their own reasons. Liquidity issues as a result of wider portfolio problems, lack of patience, perceived opportunity elsewhere etc etc. These boards are full of stories of missed opportunities - mainly from people who spend their time trying to catch something instead of focussing on fundamentals of the investment.