George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Coming our way. share price simply cannot be held this low for much longer.
These events will continue to happen, see why Hypromag has this much interest?!
https://x.com/redboxwire/status/1757054727647302046?s=46
US and EU Want Greater Links to Loosen China’s Grip on Critical Minerals
https://www.bloomberg.com/news/newsletters/2024-02-12/supply-chain-latest-us-and-eu-efforts-on-critical-minerals
Nobody is forced to buy, hold or sell.
Do what’s right for you, if you’re not comfortable with the current cash situation and notoriously long mining process, avoid buying or sell your holding, it’s that simple.
Others are happy to be patient.
Anybody who thinks some random’s opinion on a bulletin board like this will have any impact on a share price, should not be investing.
Leister
Globe Metals got their MDA in March 2023!
https://www.miningweekly.com/article/globe-clears-mda-hurdle-in-malawi-2023-03-29
Malawi don't appear to be in any rush to wrap up anything anytime soon.
Well the Malawian Gov loves the Sovereign/Rio Tinto Rutile project and has even assigned a minister to get that mine up and running ASAP so maybe it is that Mkango needs to wait for their serious clout to get an acceptable MDA and ask for the same as I'm sure they won't be getting an uninvestable one but who knows as Mkango tell us nothing....
Strange thing Cotec did a presentation at the Emerging Growth conference last week... all vids are now up online(youtube) to view apart from Cotecs which is not available ... I wonder why? What superism did Julian say!
I think we must assume that local personalities are demanding too much, probably in the way of bribes, to be acceptable in return for agreeing a reasonable MDA. Best assume we are either not going to get an MDA, or we are going to get a very bad one.
They’ve literally just signed an MDA with Australian based Globe Metals.
https://www.facebook.com/share/p/f73Nksu7wFee7XBp/?mibextid=WC7FNe
They want this wrapped up as quickly as we do, sadly there’s a few traders looking to drop the price just before the announcement of Mkangos MDA which had been announced as being finalised.
We ain’t going nowhere until Malawi have gotten a sense of who they need to be friends with going forward. BRICS rose and the war (singular) that is currently playing out means they’re incentivised to court the field to see who will offer broadest and best terms. Even European countries are doing the same. Turkey, Hungary all using the conflict to get things they want. It’s sickening really. This situation globally is really showing us who the gargoyles are in plain daylight. China will be back, middle and front channeling the sh£T out of Malawi right now. And Malawi won’t be signing any more deals until they’ve sweated the sh£T out of MKA for exactly what they want.
Thanks for sharing Crumbs.
You can see the Malawi government want this as badly as Mkango. Its closer that it’s ever been and seeing them sign another MDA this week really helps legitimise the whole process we’ve been going through.
I’m confident the funding agreements will be disclosed to shareholders very soon after the MDA news comes out, a very very exciting time for us and the people of Malawi.
'MINING
In Mining, we recognized early in my Administration that there
can be no wealth creation from our bounty of minerals without
organizing the sector to end decades of exploitation and
negligence. Ever since I announced the reforms I was going to
effect in this sector three years ago, we have faced resistance,
roadblocks, and rebellion. But we have prevailed. I am therefore
happy to report, Madam Speaker, that during the year gone by,
we have set up the institutional framework for bringing sanity to
and creating wealth from our Mining sector. First, we repealed
the Mines and Minerals Act and replaced it with a new one so
that the law protects the interests of Malawians in all mining
activities. Second, we have developed the organizational
structure for a Mining Regulatory Authority that we will begin
building once the new Act has been duly gazetted. Third, we
established a National Mining Company that belongs to the
Malawian people, with a mandate to catalyse private sector
development, encourage joint ventures, act as a state equity
partner, undertake in-depth exploration, and most importantly,
maximize revenue generation and social benefits to Malawians.
Fourth, we have created the Malawi Development Cooperation
Holdings Limited, through which Malawi will safeguard its
interests in its national treasures, and the new Mining Company
has been incorporated as a subsidiary of this larger
conglomerate.
Madam Speaker, at the same time that we have been
reorganizing the Mining sector, we have been reviewing the
existing mining agreements themselves, because some of the
deals that have been negotiated in the past show a lack of
seriousness. As a result of this effort, my Administration has
successfully negotiated and signed a Mining Development
Agreement for the mining of niobium at Kanyika in Mzimba
district, and we are in the course of renegotiating other MDAs,
including those with Lotus Resources Limited for the Kayerekera
Mine, and Mkango Resources Limited for Rare Earth Project at
Songwe Hill in Phalombe. Malawians may also wish to know that
an investor is all set to start mining works at Kangankunde Hill,
which is estimated to have 261 million Tonnes of rare earth worth
billions and billions of Dollars.
Madam Speaker, my progress report on wealth creation efforts
in mining would not be complete if I omitted the progress on the
Kasiya Rutile Project. As I speak, Sovereign Metals Limited and
Rio Tinto have entered into a partnership, and now the project is
undergoing a Definitive Feasibility Study and an Environmental
and Social Impact Assessment, which mark a crucial step in
advancing the Kasiya Rutile-Graphite Project in Malawi. When
all these operations begin to yield a harvest, it will be a game
changer for Malawi not only economically, but also geopolitically,
for we have every reason to expect that we will become less
dependent on outsiders
Good deed for the day :
https://x.com/bonker_99/status/1755589334315495795?s=20
Big spreads = please stop buying.
Think we deserve some sort of presentation or update to bring us out of the dark. Over a year since the last Songwe RNS that said "in the coming weeks". I don't blame the BoD for holding out, but give us something!
Over 10% spread GREEDY BARSTEWARDS…..
Not always, but sometimes it is because a large overhang has finally been cleared.
No idea if that applies in this case. We will know soon enough if it is that scenario. GLA.
How does that quantity come into the market and the price go up?
A million shares dumped at 7p. the only thing we seem close to is a total freaking disaster. complete silence from the ceo while the market cap of this company crumbles
MDA news must surely be close?
Eyes down peeps.
Https://www.proactiveinvestors.co.uk/companies/news/1040094/globe-metals-and-mining-closer-to-opening-first-globally-significant-niobium-mine-in-50-years-after-positive-study-1040094.html?rel=scroll
Impressive update from Globe. Mka are further advanced so should hit the ground running once the MDA lands.
Thanks Leister
Mixed signals. Deadlock doesn't sound good but "only" taxes on profits and a (surely) trivial issue about sourcing chemicals/reagents mentioned specifically. Lotus nearly there? MKA not far behind?
Songwe is worth 5x the current SP/mcap with Neodymium back at its prior high so a bit of M&A vibe is inevitable while everything is suppressed - it can't go on forever.
That's why buy cheap and hold nearly always works - it's the holding bit that's difficult though :)