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Let Sovereign and Rio deal with the Malawi gov .... And to be honest, if I were a SVM investor I'd be more worried ... the recycling business has massive potential and is already on lift-off... Will is not throwing his own money away
Said I would buy after the placing and will await the volatility this morning. This was always on the cards and at the heavy discount. Think they are fed up with Malawi govt. as well. WIse to concentrate on recycle.
I do expect some proper Shareholder communication now.... we need to know the way forward with regards to Malawi or the mining and processing in general as it looks like the focus will fully switch to recycling which is the Goose that can lay the golden eggs and soon...many have wanted that to be the way forwards for a long while
Https://www.linkedin.com/in/edward-buckley-72358ba5/?originalSubdomain=uk
Seems to be this guy Ed
As predictable as the British weather.
The only positive is the decent sized inside contribution.
Might buy a few more sub 5p and look to trade my way out of my tiny position here, rather than simply take the loss, but undecided as yet.
Hopefully some of the hostile posters who were shouting de-rampers etc in the past few weeks or so, will pipe down now. Not that I think many of that ilk even hold shares here anyway.
All I can say is... glad I left most of my powder dry... as 5p here we come again, we all knew it was coming one way or another and yes glad to see Will take 150k... I'm a bit relieved TBH
As much as this massively discounted fund raise causes concern, I think of greater importance is the comment about launching " a strategic review of the Songwe Hill and Pulawy projects". Does this indicate that they are having such problems with getting the MDA over the line or finding investors, that they might consider just getting out altogether ? By that I mean just selling the entire thing. And if so this would inevitably come with a massive discount.
Im expecting a share price fall today as the market opens, probably by more than the discounted 25% fund raise.
What a kick in the guts for all of us LTH's.
Whoever bought those 400k blocks clearly didn't know about today
Honestly, read the RNS properly. Minimal raise in bad raise climate to get to revenue generation milestones.
"Based on scaled-up production scenarios for the recycling business, scoping studies to date indicate potential to generate annual revenue of up to US$50m per site and strong margins at current prices across multiple production centres starting with the UK (100-350tpa), followed by Germany (126-380tpa) and the United States (500tpa), with other jurisdictions such as Japan and Canada being evaluated."
50 mill beginning H2, also needed for German grants.
The sp has been trading in the 5-6p range until last week.
Knee jerk at market open is a buying opportunity. Just my opinion.
Also like strategic review of malawi with focus on revenue from magnets.
5p?
F@#k off.
Pretty poor. Not impressed
Feel a bit sick this morning, didn’t expect such an awful price for such a low amount, even if it is to minimise dilution the CEO has taken £150K at 5p
I may refrain from posting on this stock again, until either I move on (sell out) or the stock recovers considerably. Good luck to all.
What a whopper of a discount for just £750k
Fingers crossed those two 400k buys don’t get reversed tomorrow and we could end up in the 8s
"China blocks use of Intel and AMD chips in government computers"
Tick tock ...
Https://www.linkedin.com/pulse/reforms-boost-malawis-mining-whyafrica-l8rfe?trk=public_post_main-feed-card_feed-article-content#:~:text=As%20a%20result%20of%20this,for%20the%20Kayerekera%20uranium%20mine.
This already posted but noticed this on linked in. "In process of signing MDA with Mkango"
Cotecs high admiral executive should be able to access that grant pipeline also.
US DoD grants $110m to Albemarle and Talon for critical mineral production
https://www.mining-technology.com/news/us-dod-grants-critical-mineral-production/
Https://www.globalminingreview.com/mining/21032024/sovereign-metals-delivers-30-t-of-ore-from-malawi-graphite-project/
I wonder who the best partner for MKango would be. A Rio Tinto sized player would open eyes.
2 x 400k large buys today, one reported after hours. Confident buyer.
I timed my latest buys well, one of which was 5.44p. I do wish that was my avg.
Not that I am going anywhere. Multi-multi-bagger over next few years.
Right sector, right time, location could be better but these things are called REE's for a reason!
I wouldn't want to be out of this for the weekend! :)
TBH I don't know, there are still big issues to be resolved (MDA- funding) but it has been well oversold considering the assets and A1 connections and we all know the mega potential if that newsflow hits right... anyways onwards and at least I can have a drink on this knowing I am once again in profit lol
Great to see this finally come out of the doldrums. Absolute beast in the making over the next couple of years.
Looks like all of the IG shorts have closed...
Been oversold for ages