Member Info for cristalball

It's surely going to be a hybrid equity investment in Lancaster to fund mine development with secured offtake . Imagine securing all capex and guaranteed sales pipeline . MEGA .

https://www.google.co.uk/url?sa=i&source=web&cd=&ved=2ahUKEwiu1u2npcvjAhUMVhoKHSAaAZoQzPwBegQIARAC&url=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-usa-rareearths-trump%2Ftrump-tells-pentagon-to-find-better-sources-of-rare-earth-magnet-idUSKCN1UH2L4&psig=AOvVaw1GBvKqG6PB9p-IvVFzlxjR&ust=1563979907526913

Amazing piece of research to reinforce the investment case here . Dwindling supply , massive demand spike , no access to China reserves for US , Lynas offtake going to the Japanese . https://investorintel.com/sectors/technology-metals/technology-metals-intel/the-rare-earths-state-of-the-market-july-2019/

This is such a joke . Talk about the market not knowing a good thing when they see one .

Good tweet here. https://www.ig.com/en/news-and-trade-ideas/how-to-trade-the-best-uranium-stocks--is-it-time-to-invest--190716

https://twitter.com/Mattitus/status/1151405870036729856

Currently valued at cash. This is BEFORE the 60% upgrade in M&I resources. Page 8 - "On this basis, we would suggest a fair NPV-based valuation of 20p per share today (being a substantial 80% risk discount to our estimate of Mkango’s 51% share of Songwe Hill’s NPV today), rising to around 100p per share once Songwe Hill reaches steady production (being be a 10% risk discount to our estimate of what would be Mkango’s 25% share of NPV at that time). The former is more than double Mkango’s current share price, and the latter over 12x. This is a risked NPV growth path that could potentially play out over the next four years without significant share dilution given the funding agreement with Talaxis. Moreover, this analysis takes no account for potential ‘blue-sky’ valuation upside potential from the Maginito downstream JV with Talaxis nor the Thambani uranium-niobium-tantalum project in Malawi."

https://www.weare121.com/121mininginvestment-cape-town/wp-content/uploads/sites/3/2018/12/MKA_080818-compressed.pdf

The question is , who comes in to provide mine funding and thus secure the offtake? EU / DoD both sniffing. Chinese could also come ploughing in to block and secure their monopoly

yes mate - issue is i have been slowly accumulating over the past 3 years so MKA is now my largest AIM holding..! Will be crazy when the wider market finally catch on. Looking back over the analyst calculations, we are aiming for a 100p risk weighted valuation once we start production in 2021 (pre-60% upgrade) . So given the size of the resource and the geo-political environment, we are basically looking at a takeover before then for between 50p / 100p (IMO).

Page 4- Good comparison of market cap /resource size/ capex needed . (60% increase to Mkango since then). Same capex and size as HAS Tech but 8 times lower MC .

https://www.weare121.com/121mininginvestment-cape-town/wp-content/uploads/sites/3/2018/12/MKA_080818-compressed.pdf

they just go down the taxi rank of firms who tendered. its a non-issue mate.

it's why companies (especially in the software world) have two or more audit firms on the payroll - you can't go and do a software licensing review of one of your client's customers, when that customer is an external audit client.

i forgot to add-- you also occasionally need to seek permission from other clients, suppliers / banks / customers / competitors investors in order to proceed. It could be there was an issue with one of their other larger or more established clients. This audit fee is TINY for a firm like Deloitte, i am am actually surprised they bid for it at all..!!

you would normally receive an RFP / tender at which point you would do basic conflict checks, politically exposed persons, AML checks etc. before throwing your hat in the ring for the audit. If successful , there is a more in depth KYC (know your customer) process, which also looks internally at Deloitte - to ensure the firm can take the appointment and remain independent. As i say , this could throw up some challenges - it isn't overly common but i have seen it lots of times.

... with a high degree of certainty that there are a wide range of reasons why the appointment can be turned away, most likely that a conflict has cropped up based on recent M&A activity which means they cannot take the engagement. Another member firm could in theory be advising another company (i.e. Bosch) on the right investment structure of STAR. (for example).

the sector upside is undeniable, but this isn't the right stock to take advantage of it.

But i did call this out a while ago. Once the high grade zone has gone (circa £1m net profit for RBW) - the remaining M&I resource is pretty small . No upside here.

https://twitter.com/flatracingmodel/status/1137970166782930945
https://twitter.com/flatracingmodel/status/1138009949756383232

When you have the best value proposition on AIM to watch the SP drift back into the 7s . Value same as RBW but 20x the resource . Valued 1/6th of HAS for a similar resource . We should be well north of 30p by now .

Why ? That’s one of the primary indicators of value .

Very interesting. Basically we have so much cash - we may as well just crack on . Find me another AIM stock sub £10m with that issue !!!!

We are half the MC with likely 3x revs. Go figure