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One man's de-ramper is another man's truth-speaker. Sure, you do get bad actors on these chat boards (almost always the aggressive language types), but I think most of us are genuine.
And anyone who has been around the AIM block a few times would know such things are entirely possible, even with the good tiddlers. Happens more often than not actually, so hardly likely a 'lucky' finger in the air comment.
It was not me who said 5.5p, but back in late January, when the SP was mid 8's, I said I did not see much support until the 6's and for this reason, had pulled my buy order.
Did I think we would go to the 5's? In truth, I thought even 4's were possible, with continued radio silence from the BOD - although I had hoped for some news before now.
I did not mention 4's then, as I did not want to come across as a FUD spreader.
I do not care anymore, and will not let the bad actors silence or limit my opinions.
Genuine posters can believe what they want of my intentions, or those of anyone else. These chat boards are not for financial advice and IMO nobody would buy or sell off the back of reading stuff here regardless.
I did not sell up and take the loss back then, because, presumably like many still holding now, positive MDA news would likely see the SP rocket in the blink of an eye. And you do not buy these types without giving plenty of scope for sizeable moves to the downside (or upside). High risk. High reward potential.
Anyway, I am not adding during this period, but not selling the small holding either. Same as before. Will take a view when we find out what exactly is going on with the cash runway. News on the MDA would almost feel like sighting a unicorn, but that would turn this ship around rapidly. GLA genuine posters.
Exactly no ph2 clinical trial risk here (that can and often do fail!) but actual proven valuable resources and a patented tech that can economically recover REEs no other rival techs can for the lowest cost and with the least environmental impact with one site ready to go commercial and more to come
Lots of.
Yeah, it is nice to see the sudden interest ... there is no reason a re-rate here with the right news does not get us to the mcaps of our REE LSE peers seeing as MKA could well be the one producing commercial REEs first or that matter SVM whose sp is not suffering from the Malawian MDA experience just yet! And whose number one in the world Rutile resource could well be eclipsed by what MKA has next door ....there is value here
TraadyL - fair point. guess wouldn't be a quarterly as would be a year end. Tuesday 2nd May 2023 was the 2022. I guess that also included the jan-mar quarter update as well.
But I'd like to state that AVCT is NOTHING like MKA. do we have a Phase 2 clinical trial to fund? No. No we don't.
We paid £5m for the remaining 51% of HyProMag
Surely we didn't get swindled by a University!
Placing at 5p or below would actually confirm to be the case
This is how laughable it has become (in a painful way)
I am not saying it WONT go lower btw, I am just saying mentioning 4-5p, even if you despise this company, you have to realise that is such a ludicrous, downright insane valuation and even the biggest deramper and non-believers would be piling in at 4p.
If I am Cotec right now I am rubbing my hands.
Cotec has ordered 3 reactors for the US paid for with their own money... that pretty much tells you they are confident of going commercial in the US in 2025... funding can come from other places than a bucket 'placing' ...There will be interested industry players who could well come in to partner as was the webinar stated plan
Ipa, I am talking about the value of the company. as a public pre revenue company the only way to measure the value of the company is by its market cap. yes they have assets and intellectual property, but they do not have any revenue stream. so as the share price dwindles to almost nothing, so does the value of the company
AVCT placing has certainly not helped the situation. That said the BoD are the only people with the insight as to the state of funds. The market has been tough for some time and they could have raised higher a few months ago. Im not expecing the next quarter update any time soon as its the company's 12 month year end.
They're here ... ;)
Silvermaple - 9 posts in the last 30 days only on MKA. Filtered.
SuperRoty
Posted in: MKA
Posts: 6,272
Price: 6.70
No Opinion
Rutile Results15 Feb 2024 10:28
Not invested here at the moment but I cannot see any communication from the Board regarding the results of the rutile samples that were sent for analysis in Dec 2020.
Not invested. Negative bias. Nothing of note posted. Filtered.
They aren't starting over lol huge progress has been made in the last 2 years... The company is in a prime position to go commercial and be the perfect EU CRMA complete REE solution... Will Dawes is booked to present in March at an industry event...
Maple - what, you mean starting over but with a rare earth magnet recycling facility in Birmingham and setting up at least 3 more across 2 continents?
Lol yeah. sounds like starting over.
Nice try
We are swimming in very dangerous waters here. they could lose the entire company at this price. 12 years in and they are essentially starting over
Looks to me like pi's selling out at a loss of fear grips... we will surely find out but this company will likely be commercial by H2 in UK and in EU and US in 2025 ... my only gripe would be if we give up more HyproMag ...
Roty - lol that old chestnut "I hope i am wrong". yes, yes, you are. It looks nothing like forward selling of placing shares. Check out the L2 of hemo that last 3 weeks and you will see the difference. all the forward selling at as unknowns and not as buy/sell.
Looks to me like forward selling of placement shares. I hope I am wrong as there are big placement discounts going on atm. Placing price could be sub 4p or less. Ouch
Yeah but two other of my holdings have recently raised above their SPs -BRES and FCM although you would never guess it from their price movements so I think the market is just plain broken... the lack of communication here since the now ancient webinar means no one knows where we are at with regards to funding so the fear kicks in especially due to the likes of the AVCT rising debacle ... maybe that Myles is the link :)
FWIW, I'm comfortable at just about any price - 5 weeks until 2024/2025 - I dare say the spivs have it all lined up as per ...
There was a deramper on here who said 5.5p and I almost posted (it was 8p) at the time saying you cant be serious with that prediction, yet here we are.
The issue with the deramper provided no logic, so likely a lucky guess, yet there were tons of logic for supporting the price at 8p+, yet here we are. So to that deramper, Kudos.
On the note of Mkango, the Avacta fallout has clearly accelerate a movement away from anything that might need cash, and possibly any company that is pre-revenue. Avacta was a retail favourite, so the message has reached all corners of the market now.
The market will believe if Avacta, a retail favourite can place at such a whopping discount, then no company is safe from the institutions.
This is the biggest test our board have faced in their tenure, do they cave to the market and conduct a placing at what would now likely be 5p or lower, or do they find a way to create even more shrewd value, in which they have done many times before.
I believe in the Bod, we have good partners in Cotec who have funds available, but this is a very tough market and anything can happen.
Do we even need to fund? I am sure we will find out soon once the Q update is released.
Tough times, but better days lie ahead for this company, we are far from the finished article albeit we must navigate this storm.
The 2.75p covid lows aren't even that far off, which gives you an idea of how crazy the current valuation is. True panic has now gripped the market, only the strong and the brave will survive.
Into March tomoroow and still the radio silenec continues. The lack of engagement is destroying the sp.
LewisW - last quarterly was 30th November for quarter ending 30th September so yes I would say you are right. Today or tomorrow pre open.
Really extremely low now @ £15m - I'm expecting something to turn up "soon".
Aren't the qtr ending Dec 23 due today? Expect RNS next week imho.
Gotta ask yourself is this business worth more than the ridiculous 12mill mcap.
Absolutely. Even with no MDA all day long.
The small sells the mms use to manipulate this as they have done for years don't interest me. Intrigued by the 250k type of trades though.