Member Info for bonker99

22x - 3x the average

Maybe Canada got wind of funding around that price?

Canada was 8p BTW, not 9p.

Morning.

We (and others no doubt) can all see the loverly Descending Wedge in play here - quite the arbitrage opp 6p/9p lol - won't be long.

https://x.com/bonker_99/status/1819289447877267546

PS: Neodymium ticked up another 1% today ;)

Morning.

I can only refer you to my earlier comment about how much more confident I was buying at 5s following the MDA being valued at zero with the recycling tech marked to market at £14m so zero premium being asked for a world of possibilities to the upside with the mine - perhaps the £380k buyer thought the same - why wouldn't you buy at 5s??

£400k trades are as rare as shovel ready Rare Earth mines - Ima go with the buy ...

2.4% of the company in one trade - keep em peeled for a TR1 ...

WOW

You're certainly right about the volatility - keep em peeled ...

Perhaps now would be a good time to remind y'all that notwithstanding the huge buy from the CEO at 5p, directors have taken large pay cuts this year in exchange for millions more shares.

Chunky - not me BTW.

Yup.

Don't underestimate the impact of the MDA news IMO - this is still very early yet and anything could happen to the upside at any point.

For my own part, although I already have a substantial holding here, it makes me feel very much more confident buying at 5s for as long as the market is allowing me to do so.

What if we raise at 10p?

Only the Money Guys know the answer but perhaps the CEO already knows too - he did say the MDA would unlock funding well before he filled his boots at 5p ...

Very cheap - at cost and even ignoring inflation since most of the work was done which likely lifts the £25m costs to at least £35m in today's money.

In reality, at anything like those numbers, you'd certainly be looking at a bidding war IMO - ready made MDAd and fully costed Rare Earth mines are hen's teeth.

The CEO owns a whopping 4.66% - if nothing else, trust in that IMO ......

Neodymium ticked up 1%, so there's that :)

The CEO owns 4.66% of the company (which may actually be a record on AIM!) - some £700k worth of shares.

What would you do?

Personally I would like to see the following occur at Mkango over the next 24 hours

1. Release an RNS saying interested parties are discussing a buyout of the Songwe project following the MDA approval

The CEO's £150k from February is instantly worth £1/2m and we're all made good too.

Fresnillo PLC (the largest primary Silver miner) reported EBITDA of $544MM vs. $351MM & Operating Cash Flow of $547MM vs $322MM; (UK listed companies report half year earnings; this is a blend between Q1 & Q2): Silver prices are 10% higher now. Quality miners cash flows are exploding. The stock is trading at 5x annualized cash flow. Not investment advice; do your own due diligence.

https://x.com/GaricMoran/status/1818307586451542056

Very interesting timing on that placing ...

Keep an eye on BTC chaps.

https://x.com/bonker_99/status/1818267809706606692