Member Info for bonker99

Or intraday ;)

Then mid-teens is your very lowball target which could come overnight.

If I'm reading the intraday right then the current price will be gone by lunchtime and I do like 10s within a month or two.

Interesting re the trading house - capable, per chance, of dumping the SP to 4s just before the MDA drops.

IMO that pre-planned stop searching dump to 4s ahead of the MDA news may be the biggest green flag here in hindsight as it won't just be about shares but getting leveraged spread bet exposure at a comedy low.

The 38p was the full fat NPV value of Songwe being marked - there's no question we'll go back there with the mine going and Neodymium pricing playing nicely - the recycling tech was marked to market at £14m net to Mkango, i.e. 5.2p, no surprise the CEO filled his boots with £150k worth at 5p then.

Just over a million quid attributed to the saleable mine now which is just fine if you're still a buyer here.

I am.

It'll come.

It's early yet chaps - it'll be cat and mouse for a while I expect but I wouldn't be surprise to see her at 10p next month.

Morning.

You're correct in that number - £2m attributed to a saleable rare earths mine so far.

Yummy.

Topped up.

Well they've laid out the template now so, sure, could happen - I'd love the Uranium to be explored ...

Nice day :)

[Clown emoji]

Topped-up at under 6p, have an order for lower if seen.

I'll take another look when I can focus on it - if you're right then there must be other stuff in-play (there usually is) but we're also only two hours into this - who knows where this is next week.

It's the only price I have visibility of :)

IIRC, the MREC was skewed heavily towards Neodymium, with 95% of the revenue coming from just 34% of the content - this stuff is always difficult to weigh up when it's a basket of commods being sold, I know one of the other rare earths is worth 10x Neodymium for example but will obviously be in much smaller amounts.

Neodymium is a bellwether is all - if you have an accurate MKA basket calculator at hand then I'm all ears :)

You'll know whether the NPV from the DFS is "relevant" real easy because this would already be at 30p+ (on current issue) and that's a cast-iron guarantee.

Neodymium at DFS prices makes Songwe worth 30p+ on its own but we're currently at just £50k per ton of Neodymium so a long way to go - it could all happen very quickly though if/when China/Trump throws the switch, the Neodymium price has gone sideways for four months now so ...

Recycling stuff impossible to accurately value without a DFS but we'll get that/those in a few months time although as Cotec marked the current recycling position to market at £14m net to Mkango that's a solid mcap floor number to use with everything else valued at zero IMO.

We should get some commercial recycling numbers from the B'ham soon IIRC.

"by all accounts" :)

I didn't move mate - I'm not that twitchy.

They'll "shape" her from here - could just continue to go higher or run her off to 5s to get the PIs out/bigger & more patient orders in as per.

I have plenty here already - no need to buy or sell but I'll keep an eye out for a decent shake, if it comes.

C'mon Mr 50k dumper, take us back to 5s please ;)

I can't get there myself with Neodymium where it is but with c£30m (in today's money) sunk in to the mine already, it's far from impossible that someone offers us 2x that now the MDA makes the mine fully saleable.

Add in the £14m marked to market by Cotec for the recycling stuff and the NPVs from the US plant(s) DFS in 3-4 months time and I think c20p is a very realistic, froth-free price here by Xmas.

We should get the follow-up Pulawy plant DFS fairly soon now too IIRC - it reduces costs for Songwe of course.

You sound a bit p1ssed mate ;)

Morning campers :)

"The struggles faced by MKA in securing funding" :)

"after abandoning their mining operations" :)

It's beyond me why you guys persist in making such dumb statements when you could quite easily (??) just do a better hatchet job on the cash position etc :)

Obviously I don't need to respond to anything else you've written now you've blown both your feet off with that nonsense.

They're pre-revenue - every year has to be a loss in cash terms.

Per the CEO's comments some time back, the MDA unlocks extra funding as you would expect as the Songwe Rare Earths mine is now a fully saleable asset with c£25m ploughed into it already and given the inflationary period since then, I highly doubt you'd get the same work done for under £35m now.

In hindsight, it would appear that they took just enough cash at 5p to fill their boots before the MDA dropped but everyone else had the same opportunity too of course so it is what it is.

£12m mcap with assets that are quite clearly worth tens of millions of Pounds in a fire sale - I wouldn't worry about the cash position going forward from 5p - the next tranche of funding is likely to be large and, perhaps, at teens+ because look at what you're getting for your money ...

Last point on Songwe - it's worth 30p+ alone with Neodymium playing nicely from here butt here's a long way to go before it hits the heady heights of a couple of years ago perhaps - Trump could change that in the blink of an eye of course and remember Cotec's US govt execs on board ...