Member Info for baggytrousers

Thanks for your honesty. Good luck. I hope we both do well. Look forward to seeing those congratulations in due course :-)

Thanks Captain Obvious. lol

I appreciate the enthusiasm... but come on...

that is the big question we're all waiting to see answered (for those that have bothered to research local politics). I suspect there are not very many investors in MKA who have a clue what is going on at the ground level. One thing I do know is someone has certainly been on the buy side today which is only ever a good sign. The new Malawi govt were meeting private sector companies this week so I'm expecting to see an RNS pretty soon to confirm everything is on track as normal and that relationships haven't changed. That's at least what I'm hoping for.

free options, as voted for by Paul Johnson and MTR cronies. that's why.

It's not suspicious at all. They are just being cautious. They knew there was a good chance their friends in the Malawi government would be out of office by July so they set a 2021 timeline on the BFS to manage expectations in case things went leftfield which to some extent they have, because we now have a new government and a new Minister for Mining as of yesterday. We also know that the local people living in and around Songwe voted for the old government to stay in place and history tells you that territories that don't support central governments are not always looked after. Time will tell. I'm still holding and waiting for some confirmation that MKA are taking the necessary steps to ensure they have all the proper relationships at government level before topping up any further. If the government were to turn round and nationalise mining for example then we have a huge problem. The Chinese have been exposed in Malawi for illegally mining so one would expect they will be the focus on cleaning up corruption in mining. MKA have always had a solid CSR programme in place for a number of years in Malawi and that should help smooth the waters, not to mention the prospective employment and economic growth they will help bring to the country.

Possibly. Not sure about transformational. The only thing that is going to transform MKA is a JV on Thambani or/and successful BFS and permit to mine for Songwe with additional financing secured. Not expecting news on either until 2021.

Let's not get too excited yet. Mining reform is coming very soon in Malawi... once we are out of that unscathed we are good to go but I don't see any movement here until MKA confirm they have struck up a relationship with the new govt. No permit = no mine!

these posts are becoming to look a little bit desperate... how much underwater are you?

https://www.bbc.co.uk/news/world-africa-53185466

funds for this calendar year?... hardly a company making deal in process at Spring Hill then...

certainly explains why it's being held back

Germany are way ahead of UK in terms of green tech revolution. It was an obvious choice for MKA to be marketing themselves there.

In terms of markets collapsing, you're right. Biggest recession for 100 years will hit by Xmas... some sectors just won't recover - retail/leisure although they will bounce back eventually albeit using very different models to the ones pre-covid.

Hopefully the July elections in Malawi pass smoothly and Covid doesn't effect the country as badly as is expected. They have a largely young population in Malawi so that will obviously be a benefit to them.

averaged down a bit myself here today. GLA

https://www.mkango.ca/site/assets/files/4114/20200506_mkango_presentation.pdf

Worth a look

a placing is an inevitable as night following day here. Mick et al continuing to destroy shareholder value...

This said... Covid travel restrictions in Aus are being eased earlier than anticipated so that Spring Hill royalty deal might catch out a few...

no idea - it's down -1.6% to 6.15 at the moment FYI

and... nobody is getting this co for 5p in a million years...

nobody is going to bid to buyout the co before Malawi elections in July

0.23

there is a lot more people trading or investing in the share than there were 6 months ago, so that's a plus. Mick isn't exactly renowned for getting a good deal over the table but we remain to be surprised by the incompetent fool. The fact is... the co will run out of money by Q3 so a placing is inevitable unless the Spring Hill deal is mindblowing....