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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?
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....
I prefer the 25p-50p target of course... but if I was a newbie here not necessarily knowing the whole story I'm pretty sure I'd settle for 200% on this or any stock over the course of the next 12 months. Do bear in mind Malawi elections due in July...
John - if you read the AGM RNS properly it says there will be no new information given at the AGM.... why are you thinking it will be anything different??? Don't fool yourself.
no we weren't... lol
you only lose out if you sell at a loss. If you're prepared to sit tight, average down (if you have a high ave) and wait until 2021 then you should do at least 200% ROI from here imo. DYOR of course.
Not looking too clever here today. Traders moving on?...