RE: MDA reminder16 Feb 2023 09:38
Gentlemen, gentlewomen, Mining Development Authority is literally around the corner, with final creases being ironed out, of that there's no doubt! This is a company that doesn't do placings unnecessarily at all. It's a tightly run ship with funds only raised for working capital and funding the simultaneous connected projects, bringing them to fruition.
The company is bringing patented Hypromag, part German funded, into near-time production, with a Processing plant in Poland also in the pipeline. It's my belief, (and that of many others), that the financing is already in place but cannot be announced as trimming will have to be done based on the final MDA outlay.
Why is the MDA taking a bit of time?... Well it's also our belief that Mr. Dawes is standing firm on the grounds that is beneficial for shareholders after all the due diligence the company has carried out over the years, (YEARS ffs). Of course we're dealing with an African nation, albeit the nicest and friendliest of African nations, but still they will want something that is in more favour for them. The Govt., at the same time is torn between the fact they they need to generate serious interest from outside investors and thereby need to show they are able to be worked with and with co-operation...and lining their own pockets. On that note, they have shown seriousness in elimination the 'lining of the palm' syndrome by re-instating anti-corruption ministers with serious over-sight by the Americans.
With Chinese - Americans tensions again reaching fever-pitch levels, the American collaboration element is even more serious now in eliminating Chinese reliance globally in rare earths...and consequently technology.
Rest assured you're invested in a company that will VERY shortly be very many multiples of current Market Cap with more fingers than one hand can have in as many pies all devoted to bringing forward one of the biggest REE processing facilities to production on more than one Continent, at a time when REE prices and requirements are reaching heights never before seen on an industrial and technological scale.
The current placing is a short term ailment, but was a needed one, and I have no doubt the cash is being used wisely by one of the most sensible Board of Directors I personally have ever seen in the market, not just in AIM, but throughout sectors and financial tiers.
Good luck to all...and I seriously wouldn't want to be out for the weekend for this company at it's current stage!
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