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11.7 for 500k shares
You don’t get that offer for stock so early for such volume on normal days.
Buyer loading up in the background imo.
Interesting news from CTH.V (C$0.68, +C$0.02).
One of their participations Ceibo managed to secure funding from BHP Ventures, subsidiary of one of the biggest resourec companies on the planet.
Although no direct relation to MKA's underlying business, it seems we're in good company with these guys
Cracking price for buyers though eh - make hay ...
Whatever it be the future looks good from what I can see it's being done properly for best execution songwe will come along soon I'm sure.
If HyProMag listed today on the LSE (likely be £30m+) but at face value for what Cotec paid, lets say it listed at £15m GBP with board members Julian Treger, Braam Jonker, Will Dawes, Alex Lemon and John Singleton and Lucio Genovese do you REALLY think it would be sitting at £15m!
Two fully funded plants *(both worth £5-6m each and could bring in ~£5-10m USD of revenues PA)
100% ownership of the technology
There is absolutely no way it would list for less than our current market cap, never mind the £15m face it has been acquired for - then you add in a future JV with Cotec (~40% I reckon we will own) they could be providing access to ~$30m USD (own pockets and grants) its just insane!
This is all without the GIGANTIC SONGWE RARE EARTHS PROJECT! Currently one of a few construction ready projects globally and outside of China! In a 'usually' favourable jurisdiction! Fair enough they want a bit more after being taken to the cleaners the last few years / agreements, cant blame them but it will be a win win for everyone in the end.
Solid today. Looking like buyers have taken their positions and waiting patiently for that MDA to land.
I think this’ll see 40p before the end of the year.
Worth remembering the CEO put £100k of is own money on the line back in Feb and bought more shares. You can buy them cheaper than he did right now! How long will this last?
Extract from Feb RNS below.
London / Vancouver: February 14, 2023 - Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Company" or "Mkango") has been informed that William Dawes, CEO of the Company, has purchased 800,000 common shares without par value ("Shares") in the Company, comprising 400,000 Shares at a price of 12.95p per share and 400,000 Shares at a price of 12.75p per share.
Following the purchase of the Shares, William Dawes is the beneficial owner of or directly or indirectly controls a total of 9,521,443 Shares in the Company, which represents 4.42% per cent. of the issued share capital and total voting rights of the Company. William Dawes holds 975,238 Shares in his own name, with 8,546,205 of the Shares controlled through Leo Mining & Exploration Limited, a company in which William Dawes is a Director and owns 17.3% of the issued and outstanding shares.
FWIW - my chart tea leaves reading suggests end of August or thereabouts.
Considering I thought the MDA would land in July/Aug 2022 *(not 2023!) I am going to go with the following predictions!
MDA Sep 2023
TEP Update Oct/Nov 2023
Cotec JV / expansion into US Dec23/Jan24
Other news that could land
- ofc if/when any of the above do land, then you have a staggering amount of follow on news
MDA would be financing, offtakes, strategic investors, buyers etc.
TEP would be OEM contracts, partnerships, quality of the product, scale up financing (JV with an auto OEM?) expansion etc. etc.
What comes first:
- MDA
- Cotec JV news
- Tyseley Energy Park Production Update
Any other thoughts?
Welcome back! Hopefully the second best news we will hear in August!
Ok lads ..i am temporarily back after six weeks in hospital for eye surgery. Pleased to say my sight is much restored. Dickie GLA
Think though this could be historical writing as I cannot find any up to date.
Songwe Hill, a carbonatite-hosted rare earth deposit, is the main development target in retention licence RTL 0001/21, one of a block of eleven retention licences which Mkango refers to as the 'Phalombe Licences.
Songwe hill is our flagship project in Malawi.
They meant Mkango, no doubt about it (imo)
Looks like consolidation possibilities are very real. Very good for mka
https://mwnation.com/experts-cautions-on-mining-ventures/
Agree Lewis all looking positive
Strange one to be sure as personally I'd never heard of Mkanga, never mind them operating in Malawi.
Also a district on Malawi, also Phalombe mentioned which is really MKango central.
My half full view says done deal, half empty says the article writer used ai to generate, but it was a quote so maybe not.
Either way current sp says something is going on imho
Oops sorry wrong link. According to Google MkangA is a mining site in Zimbabwe
Can't really see how that's us, otherwise would've been RNS'ed. It will come though... and soon!