Member Info for bonker99

:)

That's the obvious TA target then low 40s (my precise Songwe project valuation @ 80% to Mkango) after that.

Interestingly I was lining up that 40s number around Xmas last night on the chart - who knows, that would be nice if that's a viable timeline for offing Songwe to an American-backed miner.

Morning.

Very nice :)

Nice tweet from MKA half an hour ago:

https://www.mining.com/supply-of-rare-earth-magnets-wont-keep-with-demand-by-2040-report/

My bigger picture view FWIW:

https://twitter.com/bonker_99/status/1658873615322849281?s=20

$74/$76 I would expect.

https://twitter.com/bonker_99/status/1658862560513228803?s=20

Immediate-term technical breakout for oil in play right now.

Happy Hour is over chaps.

Super.

Plus the first using the patented/exclusively licensed HPMS tech ...

My home town - I'm less than a couple of miles away from Tyseley right now ;)

Malawi gave Globe Metals their MDA recently but they are changing/have changed LAWS to get this project going.

£28m mcap Mkango aren't in a position to get sovereign states to change their laws to suit them but I know someone else who does that sort of thing all the time all over the World.

Again, truth and value will out in time as they always do but this may look extremely obvious after the fact.

The US will have pumped the better part of $1/2b into Malawi via "aid" and building a proper embassy enclosure etc.

They don't do anything unless there's a profit at the end of the line and the new embassy clearly implies they expect to have vested/strategic interests in the country sometime soon and for a long time - 20 years per chance (2025+LoM)?

Presumably the US govt would be very closely linked to whichever "private" entity pulls this stuff out of the ground as it'll be being bought with public money so, yes, I can well imagine that "special" types of international bank accounts will be required for that and whoever that private entity ends up being - I bet Cotec know the who/where etc.

I doubt it will be Mkango and that's maybe why they went so large on the recycling angle yesterday cos they know the Songwe sale (at 40p+) is just a matter of time - likewise the CEOs recent £100k buy at 12.85p.

As PIs we're always adding 2+2 to come up with 76 but if all of this lines up as we hope then in hindsight it'll have looked pretty bloody obvious looking at 2023's smoke signals so far.

That article is indeed four years old but what of it - this is one day old and we're four years closer to production:

"§ Ongoing discussions with US Government, potential customers and recycling partners"

BTW - a point that occurs to me that I haven't seen anyone else make so I will:

The legal wranglings re the MDA may well be at the behest of the US govt because of their ongoing interest in MKA's Songe rare earths project.

30% of the NPV is the rule-of-thumb sale price for Songwe GLR - trust me ...

Belting volume - someone's clearly going to move her - mid/upper teens is a more viable new bottom for this IMO.

Bit of a nonsense the "windfall" tax IMO - the average WTI price over the last five years is exactly where it is right now and the gas price is 2/3 of the five year average ...

They'll do whatever it takes to boost the price.

Must..have..inflation..

Morning.

Nice news - it's maybe going to become difficult to tell which is the icing or which is the cake here between the Songwe mining project and the recycling tech.

I still maintain Songwe is worth at least 40s here but maybe the recycling tech ends up being worth just as much over time.

Exciting times - the right asset(s) at the right time for sure here.

Ouch

NY Fed's May Mfg Index -31.8 Vs 10.8 In Apr

Https://www.zerohedge.com/commodities/us-natgas-drilling-collapses-fastest-rate-2016