Member Info for bonker99

Another new ATH for Gold coming @2,244 IMO so that's at least $25 for Silver.

https://x.com/bonker_99/status/1772950798550364503?s=20

Yeah, I put that chart out weeks before anyone else ;)

Won't be long - GSR still at 89.5 .....

RUSSIAN OIL REFINING CAPACITY TAKEN OUT BY DRONE ATTACKS REACHES 14% OF TOTAL - REUTERS CALCULATIONS

Wait for it .....

Must..have..inflation..

"The UK has just announced that it is imposing SANCTIONS on China"

Whoopsee

RUSSIAN GOVERNMENT TELLS OIL COMPANIES TO CUT OUTPUT TO 9 MILLION BARRELS PER DAY BY END OF JUNE

This is down here because of the lack of an MDA for Songwe and the quartered Neodymium price over the last couple of years so now it's priced at the recycling tech only valuation, simple as, nothing to do with the BOD.

GL getting your buy(s) at 5s.

Probably the first/last time I'll ever see >$50k worth bought up to 7s on a 5p placing day lol

I wonder what's coming around the corner ...

So much for 5s then :/

Looks like nobody is flipping those new shares although most will have already been forward sold at 6p+ no doubt.

It's derisked the cash position - we all knew they were likely running on fumes so that's fair enough.

The DFS arriving in H2 will give us the profit numbers and the all important NPV numbers with Neodymium price sensitivity analysis etc - that's when I'll be able to apply mcap-per-site valuations to the mcap here - I'm flying a bit blind on the recycling side until then but it was the c40p valuation of Songwe with Neodymium at its prior high that caught my attention initially of course :)

All nicely timed this I must say - H2 could be a bit special here ...

I'll be buying the dip - don't worry about that :)

"As part of this process, the Company has decided to launch a review of strategic options for its Songwe Hill Rare Earths Project in Malawi as well as the Pulawy Rare Earths Separation Project in Poland. Mkango believes this strategic review will help maximise returns for its shareholders whilst it seeks to expand its recycling business."

I'll assume the above means they're going to JV/sell Songwe/Pulawy following the MDA arrival and go 100% recycled unless others think otherwise - could be a relatively quick deal if the US DoD are interested?

Morning,

Not sure what I make of these alleged buys by the CEO tbh but let's keep with the positive.

That's put the cash issue to bed for a good while and, yes, presumably the MDA will conveniently arrive in the new tax year - chartwise, as I've shown recently, I expect Neodymium to bottom in the weeks ahead and it's a loooong way back up (4x) to its prior peak from here.

Still all to play for then be it with a bit of the usual AIM whiff.

"China blocks use of Intel and AMD chips in government computers"

Tick tock ...

US DoD grants $110m to Albemarle and Talon for critical mineral production

https://www.mining-technology.com/news/us-dod-grants-critical-mineral-production/

>10p = 26p chaps:

https://x.com/bonker_99/status/1770743285822243141?s=20

Welcome aboard - again :)

COMEX could be about to crack like it did in March 2020 with both Gold and Silver going No Offer for a good while because there's 200x more paper than there is actual metal.

Guys - HSBC have quit COMEX and taken their physical Silver with them - it's now in London.

Like Musk buying a Silver mine for Tesla wasn't enough - get ready ...

https://x.com/bonker_99/status/1771127172469584267?s=20

It just reads like everything else of the past two years - an initial limited hangout of the truth until the reality cannot be denied any longer.

i gave y'all a 4p bottom (if it is the bottom) months ago after divining that we were being fed the same old bs from the bod where "short-term" issues would go on for a year or more (again) and told you i was out at the time (after 18 months or so of holding) - i don't think that's in the category of disingenuous.

the reality is that this board is plagued with pros who disappear after the bell and who already know the next news and when it's coming - hence the inexplicable run-up to 12p a couple of weeks before losing 2/3 of its value and the nomad magically losing his pen until 15:30 after they'd pushed many pis out and collected their shares at 4s.

as ever, pis on these boards have difficulty parsing words and their likely meaning - it's in the grey shades that the likely truth resides and it's hardly ever good news if it's grey and clearly not black and white - you need to re-read what has been said and paint the merest sniff of equivocation as being black because under this management it likely is.

three things need to happen here for this to become what many of us hoped it would become from some years back:

1/ betts has to go - his position is entirely untenable - he appears to have been on the **** for the last two years

2/ they need to magically (probably will on april 8th ........) fix the issue with the existing contractor

3/ they need to sell dugbe for the c£120-130m its worth at the current gold price

i happen to like crushed debt plays when the underlying assets and prevailing asset prices are swinging the right way but there are limits - hum's debt is now 3x their mcap if i have that right?

that's barely going concern territory and they're completely in the hands of a bank who already owns an astonishing 41% of the entire enterprise following their latest bailout such is the mismanagement here over many years now.

they clearly insisted on a $2.1k hedge last time around - what will they insist on now? point #1 above could be closer than you think ...