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Shocked to see #MKA back under 10p, really should be at least double
Another fantastic opportunity for those who are not currently invested, or those who are and have spare cash
The US project is storming ahead, with three reactors already purchased by Cotec
As for the UK project, in ~6 months we could be looking at scaling to 100t/pa and in 12 months potentially on the road to 1000/tpa (with multiple offtakes)
For those who like a spike in share price, what would happen to the valuation here if we signed an offtake with say Apple for example?
https://www.apple.com/uk/newsroom/2023/04/apple-will-use-100-percent-recycled-cobalt-in-batteries-by-2025/#:~:text=By%202025%2C%20all%20Apple%2Ddesigned%20batteries%20will%20be%20made%20with,percent%20recycled%20rare%20earth%20elements.
@biffa - they announced the £30-£50m in September:
https://www.lse.co.uk/rns/MKA/maginito-and-cotec-form-us-joint-venture-xvme5ppoj6ax37o.html
Yeah, the AIM ones do not give me much confidence in the system, I am inclined to agree with you.
Fingers crossed.
But it may bode extraordinarily well here.
AIM mafia mate - it is known.
The boss signs off on all RNS's. No great fan of NOMAD's (although some are far better than others), but you cannot blame them if the RNS was lacking any material at the point of release. They could always add an updated RNS if they wanted to.
Perhaps the tweet was a belated effort to add this meat to the bone, although I have not seen the tweet in question, so will take your word for it, biffa.
I have got no 'feel' for the chart here at the moment in either direction; obviously it would be good to get back above the 50 DMA and the 200, but that is hardly charting excellence :)
That'll be the NOMAD.
Perhaps it's time we got in touch with the FCA.
Mkango put out a tweet, alongside yesterdays news saying the following,
'Cotec to fund 100% of costs for a 50% interest with expected funding of £30M - £50M'
Can anyone explain why this wasn't in the RNS!
Basically the USA operations are worth our market cap alone and then some, without any need of direct funding from MKA.
Pretty sure the price would have gone up if they had got their comms in order.
Morning.
Interesting stop-hunt yesterday then.
News drop en route?
I see I missed a bit of pile on earlier. One of your colleagues backing you up perhaps?
You certainly both seem to approach these chat boards in a remarkably similar fashion, from your respective posting histories.
If anyone apart from you two cares to waste their time exploring mine, I am confident that they will not conclude that I am a 'manipulative trader'. But I suspect you both know this already.
Meanwhile, and back on topic, we have been punished today due to the lack of clarity on company financing arrangements for 2024 and general market sentiment on wider overbought technicals, IMO.
US Fed minutes shortly will IMO influence the short term direction of travel across the indices.
I set a buy order this afternoon that did not get filled. Depending on the above, I may (or may not) get it locked in tomorrow.
We all have the same aim here. And life is too short to waste on trivial nonsense. Let's all play nicely eh, or at least be civil. GLA.
:)
LWHL - Love how you clearly have technical knowledge of the company 'magnet stuff'
You're just a manipulative trader
And by your posts, your personality is clear to see also.
At least my posts are relevant to this company and in the spirit of what these chat boards are for.
Personal attacks on posters who are not 'on point' are tedious, but as a free speech absolutist, go right ahead as far as I am concerned.
Funding concerns are valid and should not be dismissed. Any good bb requires balance and variety of views. We don't need sheep, we had enough of those in the pandemic
The more people mugged into selling shares at just above the 8p floor the better :)
HNY BTW :)
Looks like the market agrees with the 'show me the money' sentiment.
Although in fairness, most of the market movers are not back at their desks until next week, so that might be a better time to make a short term judgement on the SP direction of travel.
Anyway, GLA while we continue to await the news that matters - black and white financing, and MDA conclusion.
Not at all. I will be delighted if they confirm a funding deal that is not poor for existing investors. The proof in the pudding etc. Same for the never ending story of 'ongoing talks' re Songwe.
I guess on an anon chat board it is difficult to see sometimes if a poster is being genuine or trying to 'buy in cheaper'.
All I can say is I am not playing any games with my words/opinions, which you can choose to believe, or not.
And I do remain hopeful that the geopolitical importance of this will ensure a good funding arrangement.
But like I said yesterday, I have been around this space too long and been burned too often, to blindly trust any company.
Ordered reactors v positive
CoTec and Mkango will make a joint decision as to whether the Joint Venture will proceed with the construction of the US Project.?????
Some people might feel rather silly this morning indeed.
Some comments here aging well this morning…
Well, I suppose it can be simply summed up with this -trading (profit-taking) has occurred and there are future uncertainties, although the sky is not quite falling in :)
I do think it's about time Mkango did some investor PR (webinar maybe) setting out the way forward for the New Year to shake off some of those uncertainties and put us and the SP on more of a sure footing.
Really clever traders at play. You all make me smile. The sky is falling, oh no its not at the 8-9p range. Oh its a buy. The ceiling is 12.5p. Oh shiz, I traded out, and I think all is good but blah blah blah.
Ffs, a range between x and x is not going to sway real investors.
Lwhl you are good, I credit you with that. The newbies today, not so much.
If you think this is going to fail, leave. My view, whenever the vultures circles on a deadline that the company itself didn't make, BUY!
I hope we are not going to have to go down the bucket shop equity raise route (and FWIW, I am slightly more optimistic than you about this), but I have wondered about finance for a few months now.
A good while longer actually. My scepticism about the MDA sign off has continued to grow with each tweet and rehashed article about imminent conclusions etc. Causing mirth and criticism from a few posters here along the way. My concerns that I voiced then have been entirely validated so far.
Took a punt after the CEO post-raise purchase, and I do like the magnet stuff, which is the only thing that has kept me here the past few months, in truth.
But I took profits on the last spike in the investment pot holding, and if they do a raise in the fashion that you fear they will, I will dump the small trading ones for a tax loss next financial year and put this in the bin.
However, let us continue to give them the benefit of the doubt until they prove deserving of a different opinion.
If this is as geo-politically important as we think it is, then funding should not be a problem - and also on terms that are not destructive to LTH's.
Seen this play out with too many other micro cap pre-revenue juniors over the years to give too much benefit of the doubt though. So I am watching closely and keeping my cynical hat on. GLA.
Without the MDA and associated financing package, I’ve resigned myself to a bargain bucket equity raise as we have insufficient working capital to make it through to the end of Q1. Despite much to look forward to, the Board’s failure to communicate continues to frustrate. I was disappointed to learn that commercial production from HyProMag only commences in 6 months time. It would be great to get a roadmap for commercial production from the German plant as I suspect it will not be within this calendar year.