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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.
Interesting, Sovereign's licence is right next door to Mkango's...
https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/975645
See
RNS Number : 0653A
Mkango Resources Limited
25 September 2020
TR-1: S tandard form for notification of major holdings
Each to their own.
Can someone explain why they are taking this long when there’s so much to say.
Can you guys remember me posting last week saying what’s the point of us dropping in this market so lie to a point with all the news we will barely enter the 30s. Well that time is close.
Don’t kniw about anyone picking up my 567k shares when I do sell and I appreciate many saying not to get emotional but the truth is there are bargains out there that could become cheaper.
I’ve been here long enough to wait for company history making news. And will wait for the rns to drop but let it be known I will be the first out of the window. I say it how it is and don’t hide behind any BS. Unless there’s a buyout all of us can only dream of £1.
Hope super is right and our Russian investor is doing a runner lol.
Looking bk now I sent the email a day too early and it should have been today. Never mind. I have powder dry as mentioned before and by the looks of it my 21p target looks set to come in ….. all that will mean is o can jump of this gravy train earlier than I thought with a lower average.
It’s criminal how they have held back rutile results. Also Myles picked up on the potential hypromag deal. I mean there’s so much yet the bod are playing dead.
So the motto goes: as the material in the ground reaches record levels the sp keeps falling to lower lows. It’s does not make sense. Yes I believe there was a forced seller today of some kind but remember never to fall in love with any share. Nothing is promised, finally as I mentioned last week that in these markets Any news will get sold off and mms will mark us up 10-15%.
It’s better off waiting for Q3. Might aswell Forget Q2 hey. I mean what’s the point.
Rant over. Patience wearing thin. Hungry. Long day at work. Let’s hope I feel better tomorrow lol
Created a drop.
Sorry munch
To buy something else and average down. The share went up and I was 5k up.
I put it back in here.
Sorry munch if it caused your actions
re...Maybe our Russian Tr1 holder is doing a runner....
who might that be? tx
Maybe our Russian Tr1 holder is doing a runner
https://twitter.com/MkangoResources/status/1498611654782816260?cxt=HHwWiMC4uYXXkcwpAAAA
A bright vision for the recycling of #RareEarth magnets - excellent @InnoNewsNetwork
article on #HyProMag set to become UK’s first recycled magnet producer - Mkango very pleased to be supporting its growth and early mover advantage via our 42% strategic interest #MKA #RareEarths
Innovation News Network
@InnoNewsNetwork
· 1 Mar
Professor Allan Walton, a Founding Director of HyProMag details their pioneering short loop magnet recycling HPMS technology and how the recycling of rare earth magnets can be unlocked.
#rareearth #crm #rareearthmagnets #circulareconomy
I'm almost 40% down as I bought in at 38p so can't really do anything but sit on it and hope I have not screwed up
Better to be down 7% than 35% with EVR today. Have to say, getting bored with the lack of positive news here though.
A number of 40k sells along with 25k -20k sells suggest we are not going up anytime soon.
Really good volume and lots of heavy buying. Price now up 20%. Something is surely afoot here. It’s only 11am and we have had 70 trades. Must surely be a leak of some sort. Bring on the rns tomorrow at 7am I say ……. Well one can start to wish because the likelihood is becoming scarce.
The genius that is the BOD did NOT mention END of Q1. They said IN Q1. So we have every right to expect news especially if it’s 6-7 meaningful announcements.
Maybe they are trying to suck our blood dry lol. Well mine is halfway there. Wanted to buy Evraz yesterday at £1.04 but couldn’t because of my investment here and keeping some powder dry. Could have made 25% in a day. Or probably 50% by weekend.
Come on MKA. Give us something.
Fair points MB. This is all very odd though. The market makers could easily stimulate buying volume by closing up the ask and the bid. It really is curious why they are just setting up a spread that is basically shutting down trading completely. Their job is to make a market and that is the polar opposite of what they are doing. There must be someone who gains from this.
Great articles indeed. Nice to refresh some forgotten articles.
It all looks very good, it all will become very good …. Now let’s get some for al news rubber stamped. You would think with all these links to the USA And other national companies that things would have been accelerated towards signing documents but we have had nothing.
Patience they say …. Ok I will wait but in the meantime the sp has dropped 40% from highs and markets are getting rattled but we still must wait …fine, email sent today to the PR team and ceo outlining simply what he’s promised us in Q1 and I make that roughly 2 rns each week from tomorrow.
Am I over invested here ? Probably but reality is until the company don’t speak then having all this material is irrelevant. They need to tell us why they bought out Talaxis stake and who’s our new partner. Even the recent announcement in the parliament meeting where they said talks with mka are finalising is all too surreal because that should have been signed off by now.
Maybe I’m asking for too much, let’s hope these guys get a move on.
‘the global Neodymium Magnet market size is USD million in 2022 from USD 7309 million in 2021. The global Neodymium Magnet market size will reach USD 10930 million in 2028’
https://www.marketwatch.com/press-release/neodymium-magnet-market-growth-statistics-2022-global-trend-industry-size-share-business-strategies-emerging-technology-product-portfolio-countries-data-demand-status-and-forecast-2028-2022-02-09
In February 2021, President Joe Biden signed an executive order that authorized the defense department to investigate U.S. reliance on foreign imports and a lack of domestic processing of critical minerals—including neodymium.
https://www.technology.org/2022/02/23/climate-friendly-method-rare-earth/
From 2019 but emphasises the demand once the feasibility study is completed at Songwe Hill:
‘The U.S. Department of Defense has held talks with Malawi’s Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China’
There will be an ever increasing need for REE as nations across the globe increase defense spending.
https://www.reuters.com/article/us-usa-rareearths-pentagon-exclusive/exclusive-pentagon-eyes-rare-earth-supplies-in-africa-in-push-away-from-china-idUSKCN1T62S4
not to sure about anything ending here, for the life of me i dont know why there has not been that expected run up and positive sentiment here.
Is it all a smoke screen ?? must be, surely, never known a stock to have so much potential newsflow in the pipeline and yet so low on volume and no sentiment at all.
Another day closer ..... or is it?
I think we may be about to see the stalemate end. Spread has just been brought much closer for the first time in days.
To be fair super i think the twitter team have had many replies including myself and we have all mentioned Total energies aswell as other possible outcomes and they have probably toned it down to put our accurate assumptions in to question for now.
I think the deal is verbally done and now its only a matter of time before they announce formally, any government involvement is a certain here, the sooner the news comes out the better.
As promised i will email MKA just to remind them of what they promised us and have 4 weeks in which to do it in.
The near 8% real spread tells you all. Any sellers instantly locked out. No chance of getting back in under 24p with enough of a discount to make it a worthwhile trade any time soon.