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Uranium has just completed a 4-year 5x.
With Neodymium doing similar from the current suppressed price on the back of China pulling up the drawbridge (arguably inevitable) then the lowball here, on the mine alone, is c40p.
It's not beyond the realms of possibility that the clean Rare Earths output from recycling could multiply that price with the ducks lining up - I wouldn't be here otherwise.
A £20m mcap is an extremely low starting point for a company with assets like these - the mine PLUS the recycling tech PLUS the EU practically screaming at everyone that it's going to be a/the hot sector over the coming year(s).
A cracking investment IMO.
The issue is that with time ticking on, every fund raise and dilution is putting a ceiling on gains. At 5p - £1 was very much in reach . I now think that is a stretch - In the next 5 years anyway.
All noobs are welcome - great timing for them - I stopped sweating my average on genuine investments a long time ago, 7p, 10p, who cares, if you're in within 30% of the bottom then you're likely to do very well for yourself.
Sudden bit of interest - but still a pitiful price. Gutting newbies are getting in at this level when I imagine we are all averaging a lot higher thn this!
More lambs to the slaughter ;)
Ball is mainly in Malawi's court imo. I don't think MKA can do or say much more atm. Lotus give frequent updates but only ever to say they're still at it and the indicative timeframes have all proved unrealistic. I think we just have to keep pushing but must also wait whilst a developing nation gets its act together.
Principal MDA issues for MKA's MDA are royalties, fx and the extent to which proceeds have to go to foreign or domestic bank a/cs. MKA's hands are largely tied as funders requirements are paramount.
Re Globe, Malawi gets a 10% free equity stake and 5%/0.45% central/local royalty.
Agree CB 19 months delay now... which is beyond ridiculous
Malawi for me take a lot of the blame, if we were the only MDA outstanding I would think the blame lied more on our BoD but since there are four MDA's outstanding and the only one that did get signed was on terrible terms (10% royalty and a huge tax) I can see why the countries mining sector is almost non-existent
Hopefully we get some good news regarding the recycling plants and can focus on something else
Already held since 2016.... seen 5p bounce off 12p, then back to 7s, then bounce off high 20s, and then back down here again. We are sat on a multi billion dollar asset, enough is enough with the radio silence from MKA. Get that MDA over the line, get it funded and start extracting. FFS.
Quite - 7s hardly feels like a gamble, even if it was going to go to 5s as I'll be holding for years anyway.
Oh and beware of false (Marc74) prophets.
If you are an investor and you believe in the story and plan, stop worrying about the day to day ups and downs.
I couldn't give a shiz about traders
Give it up Marc. The last raise was at 20% discount to the previous 5 days at 12.5p (price was 16).
I would expect the same, this has dropped 40% in last few weeks.
If and big if, it would be around current sp 8p ish.
Mka only raise when necessary and keep a very tight ship, last one was to fund German joint venture with cotec.
Thanks for the tip Marc74, but without any hard evidence it just seems like a 50/50 chance to me.
Everyone has to make their own decisions - if others want to wait then that's fine by me.
I will remind you of this post :)
Just hope folks are wise and know how this stuff works and dont fall for your nonsence posts of higher raise.
It's probably at 12p again.
Hence the sockpuppet show.
Cash should last till at least April so no imminent concerns. If MKA are raising now, it shouldn't be at a discount at all from current levels.
Leave some cash to buy lower.
Can't say no-one gave you the heads.
Good luck all :)
:)
Well I've added - again - so come get me.
Marc74, like most on here I’ve no idea what price they might or might not raise at. It just seemed strange a newcomer seemingly stating facts?
Lol, speculate as much as you want on a raise if it makes you feel better. we'll see...
Raise is coming as most know and expect.
Do you reackon it will be at this present price?
Plenty of surprises lately in this markets.
Well now I'm very interested ...
How would you know that?
Mad to buy in now....raise set to be under 6p.
Be patience and wait for your entry.
Oversold on the daily - 4x from this position are relatively common.