Member Info for cristalball

Seems the Chairman is making noises about decarbonising the world . Not sure how they will do that unless they get involved in REE. Now THAT would be an interesting turn of events....

With the TR1 . The BoD fully invested . I wonder if the herd are interested in a company with £10m cash , a resource with a supply squeeze / emerging market needs, £2bn of resource in situ , a major partner doing our bidding on REE , a possible trade war / government buy out , a partner who are funding the drill on our Uranium resource .... shall I go on ?

That's patent is not for Lokies / remote access. That is the old one for watchlock . SFU - can you please ask the question if you could be so kind and are attending the AGM? (i think it's quite a game changer if they do hold it / have applied).

can you ask if we have patented the technology for Lokies - or some part of the keyless entry design? If we have, that is a major asset.

Target 10p. Minimum

3.3m of the 17m to the chairman as well, in the interest of facts

At least they weren’t converted at 2.9p MM. .

The Company is progressing as planned and trading in the current financial year is in line with market expectations. The Board remains confident that the growth expected this year in revenues and EBITDA will be achieved as its pipeline of new opportunities, which is underpinned by the recurring and steadily growing SaaS revenues, will gradually translate into increased orders in H2. In this pipeline, the Company is seeing increased interest in the newer, more unique and higher margin products in the Tetis and the Kylos range. All strategic and high potential projects previously reported involving the Kylos and the Tetis are progressing well. For example: · Bosch has achieved the DO 160 certification for air cargo tracking - another key milestone in its marketing plan for the Bosch branded Starcom product; · Cubemonk has commenced its rollout of Starcom's Kylos Air; · the first batch of Kylos Forever units has been delivered to Israel Chemicals Ltd, on schedule; · WIMC continues with its Tetis orders to satisfy its cargo insurers customers - approximately 2,500 units are expected to be delivered by the end of this year; and · ZERO continues to embed Starcom's tracking and power usage monitoring technology within its new SR/F motorbike. The pipeline includes opportunities for the new Lokies, an IoT product which has already achieved initial orders following its recent launch to selected customers The Board believes that Lokies, an innovative keyless padlock uniquely protected from theft, is currently unrivalled in the market and has a wide spectrum of potential applications in both the B2B and B2C markets. This has the opportunity to widen the market for Starcom radically and enable major revenue growth in the future. The current level of pipeline activity is significantly higher than the Company has experienced in the past and, having recently strengthened the Board and its advisory team, the Board is satisfied that it is on the right track to meet its growth targets for this year and future years.

10pc dilution for another £1.13m. As expected really . Let the takeover battle commence !

Get real . If the tech was anywhere near being a) revolutionary and / or b) close to completion - this would be snapped up by major pharma or specialist investment funds . Frankly , it is neither and can’t raise the money to complete the work because it pays fat salaries to the top team , who will just continue to consolidate , dilute and issue the odd speculative Here is a lesson for you - don’t invest in companies unless the BoD have a nice stake . This is a terrible investment . If you really care about the treatment of patients - then offer VAL 0% non convertible loans , rather than buying shares on the open market - which doesn’t help VAL at all . I held here ( as an investment ) pre consolidation . I got out once I realised what was happening .

Yes - will be very interesting to see what / if an RNS lands tomorrow morning . If converted and being held (I.e not forward sold - which I don't think would have been possible with the volume ) we could get a nice boost . We obviously don't need the cash though .

Indeed . We have also now have investment from MetalNRG to take this forward - so we can look forward to drilling results soon which might make the market sit up and take notice . ( especially given the amazing trades in the channel sampling ) . Pretty certain we have also acquired the Nickel license since then as well . Obviously issues with Woodford have had an effect on Metalysis . But that's not material .

A reminder of what he calculated long ago . We have upgraded the resource by 60% since then . The investment values Songwe Hill at £24.49m – which translates into a share price of 23.3p – remarkably almost exactly the same as our valuation exercise on the previous page calculated. More significantly however is the option agreement attached to the £12m investment. It stipulates that Noble can increase its stake in Songwe Hill from 49% to 75% by securing all project finance (currently estimated at $216m). If we assume a 4:1 debt to equity ratio for the project, then Noble would be required to put up a further $43m at the project level (or find a partner to assist in this), and also secure $173m in debt finance. Construction would be fully funded, and the mine would enter into production. Mkango would not be required to inject any further capital into the Songwe Hill project, were the option exercised. Given that the DFS will be fully funded by Noble, it is thus feasible that Mkango will not actually be forced to return to the market for the foreseeable future for further cash. Let us assume Noble exercises the option (and the £12m investment is already good reason to make this assumption): Mkango would have a completely free 25% carry on a REE mine that (using the existing PFS) will be generating – on average across its 18-year mine life – EBITDA of $103m pa on revenues of $162m pa. How would one value a vehicle (namely Mkango) that it appears likely will enjoy £18.5m EBITDA pa for almost two decades, commencing say in early 2021? Crucially that valuation should be based on Mkango’s existing capital structure, save for outstanding options and warrants that are presently ‘in the money’. Employing a lowly multiple of 6x EBITDA would imply a valuation for Mkango’s 25% free carry in Songwe Hill of £110.8m. The total diluted share capital at the current price amounts to 153.5m. Accordingly, one could argue that were the option to be exercised by Noble to increase its stake in Songwe Hill to 75%, then Mkango could be worth 72.2p per share based on Songwe’s existing economics alone.

Far too much press now to hold it back once the investment community put two and two together .

I think investors are also starting to realise RBW only have 5,176 tonnes of high grade M&I resources (at 55%) and this isn't really going to be of interest to the US. (just saying)

We should be RNS'ing this stuff. Come on Starcom - start promoting your company and products!

I have been calling this out for 2 years . They company will either continue sucking PI mugs in or it will just fold . Shameful that you lot support the BoD in their massive salaries . Why not just donate your money to Cancer Research, rather than watch it get diluted to oblivion here ? £1000 invested 4 years ago , now worth less than £5 . FACT .

Someone just bought £25k in chunks.

What do you think will happen ? We have 20m less shares to dilute at 6.6p . But don’t get the £1.7m . Good job we have £9m in the bank !

If that did happen - it’s £1.7m for MKA . There isn’t the liquidity to forward sell so I can’t see much effect on price .