George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Someone has been whacking in the buys today...
Lets see if the sudden increase in volume at lunchtime is a portent for positive news.
I believe they inherited a mining license with their land so a different position to be in than Mkango...who are negotiating
Https://youtu.be/zEzaQaI_Pmk
Indian resources showing some progress overnight!
"We had a lot of interest from service providers who clearly understand that we are going to be in construction and operations in the very near term. The finance industry were all over us too, because they know that in our timeline, that we're not too far away from both construction and very shortly, operations."
Https://mwnation.com/un-says-malawi-economy-on-recovery-path/
He means, “ US/EU Gov not invested atm but I see them funding here shortly, trend instantly reverses”.
Always happy to help out 👍🏻
Not invested atm but I see a fundraise here shortly, before this trend reverses.
One minor omission. Talaxis had an option to pay for the mine and give us a free carry. Now the mine financing depends on other sources.
I loved this share a few years ago. Loads of cash and a great route to production. Shame how times have changed.
Probably the worst couple of weeks on the markets since the covid crash 2020, we hit 2.75p at the trough (38p at the peak!)
I recall the 2.75p days, we had 2x more cash in the bank vs our market cap - the market didn't care for that at the time of course, 1500% rise later you could have made a pretty penny
Now we are arguably valued at less than the 2.75p, back then we just had Songwe and HyProMag was an unproven asset worth £500K on the books
Four years later, our SP is just over double what it was back then (albeit dilution, so more closer to treble mcap wise) yet we have a proven rare earth recycling technology on the books that we own 80% of, with exposure to not just one but potentially five of these reactors. Impressive.
Songwe has been fully explored, a DFS produced that cost over $20m+ and simply awaits an MDA - one of the few construction ready RE assets in a friendly territory, albeit one that has inflation issues but its still a friendly place to operate.
Would I rather buy now at 6p with all what we have, or buy at 2.75p and reverse all the hard work?
Todays price appears to be more attractive
Will Dawes was in attendance here this week. Doesn't look like he is worried about sp and his investment.
https://www.magneticsconference.com/
A complete guessing game. Maybe they are that close to getting the MDA done they think they can survive until it lands. What we do know is that Will Dawes is sat on a 50% paper loss on his share purchase, which I'd imagine isn't particularly comfortable.
Here is hoping. Topped up today, coming up as sell though. If more of those sells are buys mms must be happy to start to let slide.
'clarity with funding.' 100% and I think that is the number one reason for the continued decline as talking for myself as soon as the MDA looked like it was going to become a real drag due to the incompetence of the Malwian Gov and that the recycling won't make revenues till at least H2 I de-risked as I'm sure most have ... potential remains massive but until the BOD communicate the path forwards with money attached its risk full on... flipside the reward on positives could be very rapid...I do think HyproMag US will get US GOV or DOD funding for instance and that will be proper funding not like we get here in UK it will cover the cost of all three proposed plants so 50 million or more...However will COTEC by then own the lion's share?... dunno its a watch this space... even that mythical MDA could just appear l from the rabbit hole
Another 12 month low set today, daily red candles, mm's happy to drop on little volume, BoD not communicating. All very avoidable. I will top up once there is clarity with funding.
Market cap 14 mill. Peers e.g. pre and rainbow circa 70 mill.
Funding no different with either of those. Only diff pre is mda in place and further along.
Strange goings on
I always find that this tends to be the best time to buy if you are an investor.
Sell on news can be balanced with buy on lack of news.
Currently the sp reflects assumption and fear.
Don't quite understand 'no point buying at the moment', surely we all expect the sp to be a lot higher than this or why are we here
Good read Leister. How about an NDA with Rio Tinto, then a quality RNS with the BoD laughing at the burning shorts...
One way or another there'll be news soon
Well they're obviously just matching buys with sells now so no point in buying anymore - just wait it out.
Thanks for posting but that article is useless, mindless garbage.
Https://investingstrategy.co.uk/stock-tips/why-do-some-ceos-remain-silent-as-the-share-price-tanks/
A decent read, very relevant to Mkango and its vision.
Yeah, the Rutile is a mystery,SVM/Rio Tinto could well be interested in taking that on to add to their ever-increasing resource but who knows anything here the BOD might be good at corporate/industry presentations and communication but doesn't seem to care about their pi's, that's ok if they are getting loads of serious interest with money attached but if so where is it!??
The rutile results continue to puzzle me. I emailed the company early last year specifically about them but received no reply and I submitted a question about them for the July Q&A session last year. I thought the short one line reply by Alexander Lemon that they're not being focused on was really looking to shut down any discussion of it. Particularly odd in light of Sovereign's deposit literally nextdoor and rumours that circulated online last year from in-country that the Mkango find was very large, possibly on par with Sovereign's. I'm trying to find my notes on it but I seem to recall the claim was made by someone in Malawi with a link to metallurgy.
I'm left with the impression that things have happened in the background that are yet to be announced
Not invested here at the moment but I cannot see any communication from the Board regarding the results of the rutile samples that were sent for analysis in Dec 2020.
The RNS said " All samples have now been transported overland from Malawi to a specialist assay laboratory, Scientific Services in Cape Town, South Africa. Preparation of samples for heavy mineral separation is in progress, following which detailed mineralogical analysis will take place. The Company looks forward to updating the market further once it has received and evaluated the assay and mineralogical results."
This delay of over 3 years is incredible and shows how selective the Board are with the news they pass on to the market.
I don't know the reason for the delay in the MDA but no doubt Cotec are getting ready to increase their stake in the project.
At the moment it seems that Malawi under the current government is a no go for international investment. They are too slow moving and it appears too greedy in their demands.
All things considered, now might be a very good time for Rio Tinto or another major to buy a stake in MKA (or at least Songwe and the mining projects). RT regard Malawi as investable (buying a stake in Sovereign last year).