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Seems that today is one of the last chances to pick some cheap train tickets.
The train will be soon move North
I agree with much of your post, apart from being at the bottom of this bear cycle.
Will be interesting to see if the SP remains above 5p in the weeks ahead.
Would like to have seen a higher strike price for those warrants, and remain somewhat wary still, irrespective of Songwe, but retaining my holding for now and might take a few more if we see sub 5p in the weeks ahead. GLA.
Another example to why expedited MDAs balanced with clear rule foundation is essential for Malawi. Let MKA show the outdated local mining industry how to run a mining operation for the benefit of all parties.
https://malawi24.com/2024/04/10/stop-alluvial-gold-mining-says-ministry-of-mining/
GLR1990 (great post reference) BTW.
Great Post. Compelling buy reinforcement
i do like it when the pros come out with the really dumb **** - it only firms my view of a 10x in the making here ...
Terrible Idea
The SP Is 7p at he bottom of a bear cycle, 8 years ago it was a hole in the ground that looked like it might have some decent rare earth elements at the bottom of it and trading at 2-3p
Since then they've
- raised $14m from Talaxis to fully fund the Songwe DFS
- bought an initial stake in HyProMag, before anyone knew what it was, 42% for £500K
- Sold 20% of that Initial stage in HyProMag for £3.5m GBP, valuing the entire 'HyProMag' company at £17.5m face value, vs the £500K (42%) they paid for it, which give or take works out turning a £1.2m investment into a £17.5m+ investment and likely considerably rising. What percentage of small cap LSE/AIM CEO's have done that?
- Found an unbelievable partner in Cotec who have verbally promised to raise $30-50m USD for three US projects
- Found multiple TR1's albeit they have gone quiet, a good percentage of the company is privately held
- Raised over £10m GBP of funding from various governments to kickstart two projects one in the UK and one in Germany
- Found a suitable location for a EU processing plant and established a subsidiary with Polish heavyweight Grupa Azoty.
- Extensive RE market knowledge, being selected by the MSP and being part of multiple RE groups / connections including US DoD.
Firing the CEO would be total suicide, 90% of the problems here are out of his control, the MDA has been delayed for nearly 2 years by a government which has yet to do anything in its mining sector, not just MKA related.
Just because the SP is where it is, doesn't mean the company isn't incredibly strong. Tons of progress has been made here, the value will out in the next 6-12 months.
HyProMag US are presenting at the Magnetic Show in May.
https://www.magnetics-show.com/conference-2024
Interesting to see that James Bell is presenting on their behalf, he's a consultant for Magnetodynamics.
Have a look at their list of contacts
Fiat Chrysler Automotive ,Tesla, United Technologies (Carrier), Remy, Magna, Continental , GE, etc
http://www.magnetodynamics.com/home/our-contacts/
You obviously don't know much about much - the comparison stands up if you know anything about Musk's alleged earlier days.
For the record I do not think that dawes has done a poor job to this point. nor do I think he should be fired. I just think a new ceo coming out of the strategic revue may be the best way forward
That is so typical of penny stock investors. dawes and musk, mkango and tesla??? give me a break.
I'm struggling with that Silver, all delays to date have been down to Malawi and not management.
If you step back and review they have quite successfully forked the strategy into recycling to ensure they are not a one trick pony. This is revenue generating now. Imagine what the so would be without that?
I appreciate you invested for the mine but it has been out of MKAs hands.
I think as you know that this is a cracking investment, moreso now than a few years ago to be honest. MDA will land and it will be a bonus if REE continues its rise over the next few years.
Topped-up courtesy of SILJ.
Given how much of his own money he's thrown at it that would be like firing Elon Musk mate.
Results are due by May so I am sure that will be the next update outside of additionsl RNS (MDA).
What would you like the review outcome to be Silver?
Likely depends on the Songwe buyout numbers being floated under their noses by the US DoD (or mates of) ...
How long does one of those take anyway?
Right on cue for the new ISA/tax year - Neodymium reacting too and out of the multi-year Descending Wedge - up 8.5% on the day.
Keep em peeled chaps:
https://x.com/bonker_99/status/1777497553233190940
China doubles price of rare metal to £454 a kg as world panics there's not enough of it.
today gallium, perhaps one day not to distant in the future another RE like Neodymium ....
https://www.msn.com/en-gb/money/other/china-doubles-price-of-rare-metal-to-454-a-kg-as-world-panics-there-s-not-enough-of-it/ar-BB1lhhYY?ocid=entnewsntp&pc=U531&cvid=3faa9be18e0a4dcfa3367d1be398fa0f&ei=19
There's a whiff in the air! :) The trouble is we have had so many 'this must be it!' moments that we have to be a little suspicious of the Malawi Gov and that this may again turn out to be just more of their BS....
Still, I'm ever the optimist and I don't think MKAs problem is the Ministry of Mining I think it is other parts of the Malawi Gov which is why seeing the President attending this event is a positive sign that something may well get pushed over the line
Fingers toes and everything else crossed....
Https://www.malawivoice.com/2024/04/07/chakwera-to-preside-over-mining-investment-forum/
Https://www.nyasatimes.com/government-optimistic-in-making-strides-towards-uplifting-mining-sector/
I have a Ghanaian friend who talks about GMT meaning "Ghana maybe time". I thing Malawi are in the same zone
Almost as if Boris Johnson wrote it. "Stay at home, don't stay at home. Go to school, DONT go to school"
That all sounds gobbledygook to me. No wonder nothing gets signed off.