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It will be higher - tomorrow RNS coming - thursday is always the optimum day and the few leaky buys this afternoon are inevitable - and in some ways reassuring.
I agree, I’m just not sure whether it will be higher or lower 😂
Inevitable IMO - that's small mining companies/share prices for you.
I'll bet all the money in my pockets against all the money in your pockets that it won't be anywhere near 8p come Q2 though.
I am at a complete loss to understand how this company could have been working on this project for the past 12 years, pouring millions upon millions of pounds into developing and testing the sight, with absolutely nothing in place to assure an endgame that justified the time , effort and expense. this being held hostage at the 11th hour cannot have been the plan
Bought another chunk today. 8s too appealing
Those are chunky buys - I'm tempted myself ...
Quite.
3.2% "growth" doesn't even cover inflation ...
Https://www.nyasatimes.com/malawi-economy-to-grow-by-3-2-says-finance-minister/
I’m sure it could grow more if they signed some MDAs…
Well, the SP action is showing all the signs of a placing in the works IMO.
Which is fine, depending on the price per share, the amount of dilution involved and the runway it gives.
A cash raise via alternative methods would be preferable. After all, how big are our costs currently?
Needless to say, the above, along with the size of inside buying, will influence what decision I take.
And if there is no need to raise, then that would suit me best of all. GLA.
If Lotus are hoping for their MDA a month or so after receiving a draft or doc setting out Malawi's position....what's the best guess for when MKA will get theirs?
Could be anytime of course but perhaps after Lotus.
We'll be running on fumes by April so perhaps another raise around then. Should be no problem and no big discount given the value elsewhere in the business particularly the recycling side. Loans may also be possible I guess.
I'd been hoping for an earlier MDA triggering a comprehensive funding package for Songwe w/c and other requirements. Might be treading water for a bit now.
The MDA drag was always going to hit the SP ... And it is indeed a poor show that Mkango seems unable to communicate about ... Lotus however can give us an update
https://www.youtube.com/watch?v=uMktsSvgoSM
Watch the Question around MDA being issued by year's end being answered at 21.58
Sounds like the MDAs are indeed incoming :)
Hard to see why the drop unless there's something we don't know. Wouldn't be the first time on AIM.
Often it's money but that doesn't seem too bad and even if it comes to raising more in a few months for working capital it should be readily available on reasonable terms atm imo.
When Mkango Resources last reported its balance sheet in September 2023, it had zero debt and cash worth US$2.3m. In the last year, its cash burn was US$3.3m. That means it had a cash runway of around 8 months as of September 2023. Cash burn rate reducing though.
https://simplywall.st/stocks/ca/materials/tsxv-mka/mkango-resources-shares/news/were-keeping-an-eye-on-mkango-resources-cvemka-cash-burn-rat
Maybe it's just some investors losing faith in the light of the lack of progress/comms from Malawi.
3 x 75000 Quick Fire Sells @8.00 ?
I mean, what comms can they put out other than "we're at the mercy of an incompetent and inept malawi government"??
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This is getting ridiculous now.
Well done. The opportunity cost is easily dismissed, especially on AIM stocks, so you clearly made the right call.
Even more so as you bailed at 10p, rather than now, where it could go either way.
LWHL
Cheers, I’m very hopeful you will get the MDA over the line and knowing my luck I will miss it. I have a few bob ready to jump back in, as I see it as a great Med to Long term investment. I needed the cash for a ‘hot stock’ and it’s paid off, so no worries.
Very best of luck to all MKA holders I will be watching and waiting every day
Good luck to you, Toplocks. Hopefully the management will restore your faith here at some point.
While the local politicians are primarily at fault here, I can understand your frustrations.
If Songwe does get over the line soon, hopefully you will have a chance to return at a fairly reasonable price, although naturally I hope you do not get the chance to get in too cheaply :)
Hello All
Have to be honest chaps, I sold my holding of 100k at just over 10p , 1k loss for me. Absolutely pi@@ed off that we had not heard one squeak from the Mka management, not good enough. I really like the company and will one go back in and I wish all the best for the PIs who are far more patient than me
GLA
Starting to? You are more generous than me in your appraisal of these politicians.
Still, my buy order is getting closer now, so that is one positive I guess. GLA.
Someone else pushed to their limit and dumping 200k - no doubt at a big loss. This needs to be the week for some comms at least.
They (MoM) have been looking like amateurs for well over a year
It is pretty embarrassing for Monica to be saying the MDA will be agreed by end of Dec and here we are beginning the third week of Jan and still nothing. Why would you make that statement of terms weren’t agreed. They’re starting to look like amateurs.
Thinking of MKA while reading Irwin Stelzer today talking about China shaping climate policy: "Xi has it in his power to slow the growth of the American economy by denying our companies access to chips or the rare earths the output of which they dominate."