Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Agree bladey. I just wear my heart on my sleeve and it probably shows. I like to be honest and always see both sides to any investment storey. I don’t always paint pictures with rose tinted glasses.
All I’m saying is why do is PI have to get shafted in the process. Ok some may argue they have been here from 5p and good luck to them although judging by the way they post doesn’t show their profit talk ( mind you this needs to be like Stocktwits where you can post pictures ) we could then see our holdings.
Back to the BOD …. I don’t care who’s got what qualifications bud, we are here to make money and they need to pull their finger out, the volume for Friday and Monday had he really going but Tuesday and today it’s actually gone completely dead again so nothing really to shout about.
Takeover ? Let’s hope so because with war on the horizon and Interest rates looming these markets are not going up fast anytime soon so I would rather need comes out and we can all de-risk at 50p + and leave a decent amount to ride. For the record I hold above 500k shares here.
Stuff going on here.
The trading patterns are off of some reason
There's nothing mischievous about the BoD mate..in fact quite the opposite, they're a bunch of well qualified nerds, not greedy like a lot on AIM Companies and determined to build a legacy company that's bound to change the future, both theirs and for all the shareholders!
The facts speaks for themselves in terms of resources, and as for the HNWI's such as Newton and M.G invested shows that they've done their due diligence, primed positions and waiting for this to also unfold. I'm sure all will come to light once the RNS's start to drop... but something bigger than we all anticipate is going on in the background all in favour of the patient shareholders IMO.
Bladey probably agree although I hope they don’t jumble all the info in one rns.
What’s stopping them releasing rutile results ? They were done like 300 years ago now. Price of the mineral is up 150% from their last rutile statement a year ago.
Lots to look forward to but why the low sp ? I mean Myles picked out a Jaffa with PRE rbs clearly showing a license agreement with mka. Why no rns?
I mean we can wait yes, days feel like weeks yes but a low sp …No thanks. We should be blast past 30p right now yet we have given up most of the gains made over the last few days.
Apologies but my holding is very large, I’m allowed to rant but there is100% some mischievous behaviour from the management going on here and I don’t like that.
Licence agreement is done practically after the parliament publicly stated it last week so why not announce other news info ?
Must admit I’m very optimistic but this is even starting to depress me. How can a new investor ( Newton) and the state government announcement not have any positive effect on the sp ?
Ahhh well. I’m not going anywhere. Really hoped to see mid 30s by now ready to attack 40p but it’s never been straight forward with MKA.
Guess it’s another day closer to news
TBH, the BFS, which SENET Ltd was doing or done, has probably been completed and returned to the Board of Directors. I believe they're waiting on the licences to be granted to make the suite package very enticing. Shock and awe!
The completion of the feasibility study will confirm the commercial viability of the operation. It will also, according to MKA, provide an update on the resources. The feasibility for the plant in Poland is running in tandem. With both of these items cleared it derisks the entire proposition. Also note the Malawi govt debate last week where they confirmed they were in process with the Mining Development Agreement.
What was strange reading the accounts was that it MKA only sees the Feasibility study as being the only major expense item for the 12 months to Sept 22. No actual development or infrastructure costs.
The Talaxis announcement on the swap of their 50% of Songwe to MKA in exchange for ordinaries reads more like a restructuring exercise; they said 'brings Mkango’s structure in line with peers' and 'Consolidation of assets under Mkango’s control, increasing financial flexibility'
The Talaxis (investment arm of Noble Group) holding 32.4% of the stock is significant. Noble has had a recent troubled past but is on path to complete its restructuring and will rebuild its business. Talaxis is solely focussed on REE, and Noble is focussed on Asian Commodities markets.
In short with Talaxis as a shareholder, and with the feasibility study confirming commercial viability, the MKA business will become a prized asset.
https://aimchaos.files.wordpress.com/2021/03/mkango-resources-valuation-analysis-17.03.2021.pdf
100% ownership and twice the shares in issue with a free float of around 100 million
Should be 75p range considering the stage it’s at with bfs due imminently
Aim chaos belongs to Myles M, lots more Mkango news info on his Twitter page as it’s one of his flagship investments.
Days feel like weeks when you’re waiting for news. I’ve been there many a time. Sometimes the release of things like this come down to the tiniest of process steps. The author, or one of the contributors, being on sick leave. Somebody not filing something on time that needs to form part of the evidence in the final report. Just about anything can delay it unexpectedly. It doesn’t mean that it will be anything other than a positive outcome that will ultimately increase value.
They said expected 1Q2022. That doesn’t mean guaranteed. It means that’s what they expected when they announced in Dec. Equally it didn’t say end of Q1 either. Unfortunately just got to wait; it could be anytime!
Sellers are impatient looking for the next opportunity thinking they can make a quick book elsewhere often hoping to jump back in before news. Reality is unless you know something on the inside you’re guessing on timing.
Trade on the fundamentals. MKA is funded, has the backing of significant investors, and is on track!
No lecture intended but having done hours of research over the last few days it’s hard to see this being in a better position.
As difficult as it is at times, people just need to be patient. This will pay off soon it’s just a matter of when.
Google ‘ mkango resources valuation analysis’ there is a wordless website by ‘aimchaos’ from March 21 that is fairly good
I tried to post a link earlier before realising links couldn’t be posted on this site. Live and learn!
Does anyone have any info on pensana as a comparison to mka please?Size of their mine in comparison etc
Yep, timelines are getting tighter and the RNS could drop anytime between now and end of March, so those trading it are doing at their own peril as I expect us to exceed 40p barrier on news flows.
. Design and engineering studies by lead engineer SENET (a DRA Global Group Company) are nearing completion, with the Songwe Feasibility Study targeted for the first quarter of next year.
I mentioned yesterday we round get a few sellers. We did buy 7% down is ridiculous. I don’t think this will hit 40p this week. Maybe in a few weeks but it’s getting frustrating with so much news due and little time to say it all. What is going on. Getting bored of this. Waited long enough. Mka need to pull their finger out.
Hold for gold
Frustrating day, miniscule volume compared to Friday/Monday and all gains erased. Order filling treeshake tactic in my view.
Interesting tactics today. Low bid, low volume. Ask remaining above the highest sell price for now. Looks like they are going to lock out most of the sellers. Loathe to say weak hands because everyone sells for different reasons, but it does seem quite opportunistic to pick up a few on the cheap after yesterday's obvious strength. We shall see. News hasn't even started...
New MKA but have been researching over the last few days. Posting here in case it's of use to anybody else thinking about entering. For transparency I took a position this morning at 29.18. Happy for anybody to correct me on any of the below.
The Company has been piloting hydrometallurgy processing flowsheet at Songwe Hill Rare Earth Element (REE) Project ahead of a Feasibility Study which expects in 1Q2022. Good summaries of the site https://mininginmalawi.files.wordpress.com/2019/04/2019-mkango-resources-ni-43-101-technical-report.pdf and https://www.sciencedirect.com/science/article/pii/S1464343X17302546
A summary of the Hydrometallurgy process is here: http://www.eurare.org/technologies/hydrometallurgy.html.
The Company announced on 14/12/21 that 'The piloting of the hydrometallurgy processing flowsheet is an integral part of the Feasibility Study and a critical step towards commercialisation of the Songwe project.'
Financial Statements as at 30/09/21 show cash balances of USD6,248,312 with working capital of USD5,276,613. The notes to the accounts state: 'The Company’s cash requirement for the next twelve months relates mainly to the completion of its Definitive Feasibility Study (“Feasibility Study”) for its Songwe Hill Project. Following the private placement which raised approximately $7.2 million net of expenses, the Company’s cash flow forecast reflects that the Company will have sufficient funding to meet its planned expenditure for at least the next 12 months.'
So in short baring any major disasters MKA is fully funded to complete the Feasibility Study.
In it's Sept 21 Management Discussion and Analysis
(https://mkango.ca/site/assets/files/4864/mkango_mda_sep_30_2021_-_final.pdf) MKA said: 'Updated mining and economic information will be generated as part of the ongoing Feasibility Study based on the new resource.'
This valuation analysis might also be helpful albeit done when MKA only owned 50% of Songwe Hill (it now owns 100%): https://aimchaos.files.wordpress.com/2021/03/mkango-resources-valuation-analysis-17.03.2021.pdf
IMO should build strongly towards Feasibility Study completion and if you look at the buys by interested parties it bodes well for confidence.
What the market is missing is that Rare Earths should sadly benefit from the current geopolitical crisis. This key critical mineral could very easily be used as leverage by alliances in the east.
MKA = CHEAP and at big discount to Pensana
Holding very strong. Can see a nice blue finish towards the end of the day. Few dearth buys will push this blue. ;))
The lack of a buying opp first thing tells you a lot about the RS here.
Let’s hope so!!!
They need REE to make more missiles...win win!
There won’t be a war. They will just take the break away regions via rebels