Member Info for bonker99

Very chunky mate's rates.

It does but it specifically states that the intent must be to influence them in their capacity as a foreign public official.

Given that the foreign public official is demanding, in writing, that the costs to take this to Cherie Blair's place in London are to be met by Mkango, I don't see how any attempt at influence was made. On face value, it's presented as a black and white fait accomplit far closer to blackmail on behalf of the AG IMO.

You could go the route of what service was/wasn't performed properly for the money etc but again, you're then likely to be pulling Cherie Blair, and/or her representatives, into the dock and as long as 9-bob note Starmer is in charge of the judiciary that's never, ever going to happen.

If there's any truth to this at all I suspect the AG used Cherie Blair's company as cover, knowing that it would never make it any further than hearsay due to her company's involvement - she does have history in the country so it's a decent shout IMO.

He's likely made himself a target for Tony Blair's wrath in the process to boot - rather him than me.

I think this will quietly disappear without another word being spoken - there's no onus on the BOD to do or say anything IMO based on the ropey "source" unless it ends up in the Telegraph/FT tomorrow then maybe it's a different matter.

No mate :)

Cherie Blair would be in the dock - really not going to happen, even if it was applicable.

They've demanded an extortionate sum, we've countered with something much more reasonable, they've held their ground, we've capitulated.

We can't be held responsible for the price someone puts on something - the crime here is the lack of evidence as to where the other $80k went - not that $350k was demanded - there's a clear difference (especially legally) between taking the p1ss and outright theft.

With interest.

I topped up myself - I'm struggling to apply real negativity to this in hard cash/valuation terms as we're so obviously at £0 for Songwe anyway and we don't even know if it's true.

I also can't make an argument that reflects badly on the BOD either - when in Rome you have to do what you have to do and to pay the money being demanded was very clearly in the interests of shareholders - you don't wreck your chances of a possible $2b cash generating project for a few hundred grand.

Anyway, we have the MDA, it's legally binding and that's that as far as I'm concerned but yes, it would be nice if the Malawian govt did what I think they now need to do it to make it good - and then some - because it's not just about Mkango and perhaps their people are readying the lynches as ultimately, it's those poor people who will lose out to govt

corruption.

Malawi AG effectively blackmailed MKA in 2022 for $350k, otherwise no MDA, and Cherie Blair was involved in London!

Bear in mind of course that until the company corroborates this we've no idea if it's true or not - the timing is somewhat curious ...

https://www.maravipost.com/malawi-attorney-general-thabo-nyirenda-caught-in-web-of-mining-shady-deals/?amp=1

I've always expected us to sell it and that view hasn't changed.

Remember it's still an asset though, not a liability at this stage, and going for free (on AIM) right now ...

I think it's Malawi that need to send the firm message.

Not a penny of Songwe is priced in here so any deemed damaging news to the project is neither here nor there really but fk me, it's a killer for seeing further investment into Malawi - we all know it goes on so the reality of it all isn't the thing, it's gonna public and now it's perception.

Cherie Blair getting caught with her hand in the till is a hoot of course - perhaps Tony can make a call and get a few mill of Liebour's green fund sent our way to make amends ...

Morning.

13 trades I gather on here yet I can't see any of them - thanks LSE.

Not sure why anyone would bail on that news - ultimately inconsequential and could even work in our favour, or??

Fk me - I can't believe what I'm reading and Cherie Blair involved in what is essentially blackmail too - I wouldn't be surprised to see this make the papers this week, the scumbag Blair's caught with their hands in the till against the best interests of British business - again!

On plain reading it sounds like the Malawi AG put us through the mill good and proper - hardly a surprise really - and we had no choice but to follow up.

This is horrendous for the rep of Malawi - if I was them I'd be on a direct plane to London tonight with a cheque in hand to pay the money back.

The Fed have lost it IMO - new ATH for Gold - this is going to be fun ...

https://x.com/bonker_99/status/1834213476924842087

More than reasonable but it's going back to c26p IMO.

In other news - Putin floats the idea of banning critical minerals to the West - there's the mindset being outed for all to see.

Got Rare Earths?

https://x.com/Zlatti_71/status/1833912449981980719

Another chunky delayed buy - interesting trades today.

20s by Xmas is a very real possibility here chaps.

Chunky - we're going I think ...

Trump - a match made in Rare Earths heaven - he alone will double the Rare Earths price ...

https://fortune.com/2024/09/07/donald-trump-threatens-100-tariff-on-countries-that-turn-away-from-the-dollar/

A tale of two Descending Wedge breakouts:

https://x.com/bonker_99/status/1833059003565220301

Morning - Neodymium keeps on going, +1.39% for the day, now +17.11% for the month.

1/2m

Nice 1.2m delayed buy after the bell there.

"BREAKING NEWS

THE WHITE HOUSE IS DEVELOPING PLANS TO SET UP A US SOVEREIGN WEALTH FUND ABLE TO MAKE BIG INVESTMENTS

Finally…

The West is starting to scramble to secure minerals."

https://x.com/bonker_99/status/1832434188449882214

Smart guys deciding they literally have no better place for their salaries to go is as good an indicator as you can have - I do quite often get the impression that Dawes knows an awful lot more than he can say right now but it'll come I'm sure.

Topped-up again - thanks MMs.