Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I hope so.
My 2k buy hasn't come through yet
People seling at 10.75! Time for some newsssss!!!!!!
Malawi is a sticking point (politics)... the team in America this month has the potential for big reclying news... as that is the market we most want a toe hold in and COTEC seems capable in doing those deals
Managed to nick another 20k at 11p but only on a limit order - new ISA money waiting of course ...
seems like someone has been selling off a large holding in huge chunks for some time now. they don't seem to really care how low a price they sell for. 100, 200,000 share lots being sold for peanuts. craziness
This share is being shorted with a clear intention to drive the price as low as possible to rip even more gains afterwards in the knowledge that is worth much more. Interestingly this share is not very liquid, lots of times you can't sell or you can't buy it. It would be difficult to buy lots of shares back when finally news will land, leaving shorts quite exposed...
shorts that operate on such large volumes of stock are pros that know what they are doing. they are not about to get caught to the benefit of guys like us. lol
Eyes down chaps.
https://www.zerohedge.com/markets/china-weighs-rare-earth-magnet-export-ban-retaliation-biden-chip-crackdown
Some might call that a perfect storm for Mkango. What an insane share to be in at these levels. No wonder there’s no shares knocking around I imagine they’re rare as rare earths.
'BEIJING — China is considering banning the export of technologies used to produce high-performance rare earth magnets deployed in electric vehicles, wind turbine motors and other products, citing “national security” as a reason, it has been learned.
With the global trend toward decarbonization driving a shift toward the use of electric motors, China is believed to be seeking to seize control of the magnet supply chain and establish dominance in the burgeoning environment sector.
Beijing is currently in the process of revising its Catalogue of Technologies Prohibited and Restricted from Export — a list of manufacturing and other industrial technologies subject to export controls — and released a draft of the revised catalog for public comment in December. In the draft, manufacturing technologies for high-performance magnets using such rare earth elements as neodymium and samarium cobalt were added to the export ban. The solicitation of comments ceased late January and the revisions are expected to be adopted as early as this year.'
Mkango via Magnito is going to soon be actually manufacturing rare earth magnets for the industry both from recycled sources and when it happens Songwe mined sources....
A good place to be methinks ....
If you have capital to invest over a 12-48 month timeline this is now a highly appealing option. The mine, refine, recycle format has just entered into the market at a critical time. Come on BOD, get this MDA over the line and let’s turn this into a beast. God I wish I could average down right down as my AV is still up around 30. DYOR.. GLA.
As long as Malawi does not decide to throw their support behind the East. This was one of my concerns here before deciding to take the plunge anyway. I guess this fear will be significantly reduced if we end up getting that deal finally over the line...
That was my worry as well but I think the signing of the Globe MDA is a positive sign that Malawi are still doing what they say they are going to do. This is a nasty market at the moment. Fear is riding high, many great shares are being pummeled. This is when great opportunities emerge.