Member Info for esduk

Yeh everyone has a different perspective on when to lock in profits and there is never any judgement from me, just a congratulations for your success.

Interestingly the only thing I was thinking about this morning was topping up, and that’s what I’ve done. I like to listen to Rick Rule, and consider the difference between value and price. For me today the $400m was at the very top end of my valuation for our share of the SPAC, and given that the SP is only 5p higher than we reached 6 weeks ago, I’m a buyer at these prices.

Derisking may make sense for some, but I genuinely have complete confidence that the SPAC listing will go ahead this year, at a $400m valuation of Mkango’s shares and therefore our business in my eyes is currently worth 110p (including conservative 20p valuation for Hypromag).

I might slice a few at 50p/75p as we get closer to that 110p valuation, but certainly not at 30p (which I could have sold at earlier) or 25p right now. Then again, with all the other milestones we are due to hear about, that 110p could go up pretty quickly and maybe 50p and 75p top slices get adjusted to £1 and £1.50.

Off to do the school run, will check back in later. Should be quite some day as the news filters out.

Yep got a few more at 26p, after trying since open. This is only going one way guys.

Crimson, hope you are happier now...?

Impossible to get more stock, I have tried multiple times, constantly in auction.

Yeh, clear deramper. They are existing warrants in the company (CPTK) that are being transferred to the new structure. They are exercisable at $11.50 which is a 15% premium to listing SP of $10. This is not an issue at all and if they are converted would give the new company substantial funds at a premium to the listing price/valuation.

The valuation of $400m is just for Mkango’s shareholding it seems. Looks like they will do a PIPE financing upon NASDAQ listing, with some major cornerstone investors and no doubt Cohen and Co have been tapping those investors up and CB testing the valuation with them. This is such good news. I’m sorry, but any negativity today I will just see as deramping (I’m looking at you Bengot…).

Exactly Squirty!

They have done this many times, and as others have said, the valuations normally jump further upon listing.

The point here Tufftrader is that Cohen and Co are confident that they can list the company at $400m valuation on the NASDAQ.

What the hell will the SP do? The valuation is over 5 times our current market cap, and we are expected to retain a large majority! Wildest dreams stuff here. There are a few messers who owe plenty on the board, including Myles, a big apology after the accusations of ramping and misleading people about the potential value.

$400m obviously…

£400m was the top of my range!!! Wow, just wow! Well done all!

Shareinthis, sorry that wasn’t meant to sound flippant. My average is about 6p, built up over 9 years since just after AIM listing in 2016. Benefiting from purchases at the time in the low 3p’s and a big chunk in the high 2’s as Covid panic set in. If you count my top slicing in the 20’s and 30’s on the 2020-21 rise then the average is probably a lot less, I haven’t done that calculation.

I have a lot of my SIPP, my wife’s SIPP and both our ISA’s in this, and have always seen it as my once in a lifetime share. I have been transferring out of US funds and into Mkango and gold stocks over the last six months, so I have plenty of concentration risk. So when I say life changing, I mean with a fair wind for the SP I could pay off the mortgage and maybe even retire 10-15 years early. That would be quite a gift from Mkango, to me and my wider family.

Not sure who was selling at 14p on Monday, but I was certainly buying, my last 70k, taking me above 1.5m. What those will be worth by cop this week I can’t wait to find out. What they’ll be worth by the end of the year, could be life changing.

Such a strong day, the future is bright, the future is Mkango. Let’s all have some well deserved fun!

I think with all the delayed trades that will no doubt turn up after close we may have a chance of challenging the highest volume day in the last year of 11.9m.

I’ll cheers that Bonker!

How’s 1.5m sound?

Are they finally letting it go? Will be an interesting last two hours as others have said.

I hope it turns out that we do, but for balance is it possible that they are referring to Pulawy?