Member Info for esduk

Which news is the question though Bonker. The news that we get approval from the SEC, the news that the CPTK shareholders vote to approve the transaction, the news of the listing date? The sell on news point is a bit more complicated here by the fact that there are multiple steps to the process and that once we actually list on the Nasdaq, if past is prologue (to take a Rickism) then the Nasdaq listing should appreciate in value in the weeks following the listing. Add to that all the other news that we should have coming our way e.g. notice to proceed on Hypromag USA, and the sell on news narrative may not be borne out here.

Nice to see us maintaining the momentum from yesterday. Any targets out there from the more technically minded folks?

Summer is in the air, cold beer in the hand, BBQing every night and Mkango giving everyone the feels again. Reminds me a bit of last year with the run up from 14p to 45p from end of June to middle of August. If we repeat those metrics we’re looking at between £1+ and £1.40+ depending on whether you take 33p placing price or today’s open as your base. It is very much possible in the next two months with the right news. Cheers to another blue day tomorrow.

Can't remember the last time we had a +17% day, fantastic, and hopefully 40's is a thing of the past and we can start to look towards 60's.

No UT, so a 52p close it is.

It was fourth time lucky then, what a strong close! Great day all round.

Now onto our fourth attempt, which has taken us back above 50p. Someone seems to be trying to keep us below, but the buying interest is strong. Less than an hour to go to close, hoping for a positive outcome.

Third attempt, so far so good...

Looks like we may be about to have another go at 50p, will the sellers still be there...?

Johnboy, some of the trades that were reported as sells earlier at 49.4p were actually buys, but in general yes there have been sizeable sells in the 49's, which have stopped us breaking through 50p resistance on two occasions so far today.

Don't think there is any great conspiracy in the trading pattern today, other than profit taking at resistance levels and one or two relatively large holders continuing to downsize as they have done for a while now. Personally I think selling now makes little sense, with the potential to get back in at the bottom of the trading range (43p) not providing much reward against the risk of missing the move through 50p and beyond. We look like we are potentially going to have a third go at 50p this afternoon, maybe with the help of the Americans. Let's see.

Yes I have topped up countless times Magic, as more funds have become available, including from my NZ pension which was released last year, or from profits on other shares e.g. gold / silver miners. I hold Mkango in six different accounts, including SIPPs and ISAs, with one for my nephew and one for my daughter. My top ups are generally relatively small, in the 3-5k shares region, given how much I already have invested / cash available.

I took about 40% of my money off the table in late 2021 on the rise up to 38p, and bought all the way back down to the high 4p's. I took about 10% off the table in the mid 50's when the war started as a bit of risk management. But generally my holding has only gone one way over time i.e. increased. Probably the gambler in me, but I seem to be pre-programmed to buy the dip, as I think we are very much in a Mkango bull market.

I think that is an overestimation Magic. I have topped up today, as have all of my mates that got involved after the discounting placing was announced. I've now set up a Whatsapp group to keep them updated. Personally don't think today's action has anything to do with Avacta either.

Seems like 50k seller (perhaps not the same one) is still about, with the second attempt at breaking through 50p pushed back for the time being. Feels like only a matter of time though, perhaps we'll get some help from the yanks later this afternoon.

Nice post velcro. On the first bullet, the one thing I'd add is that the PIPE financing unlocks the DFC funding and allows Songwe to get construction ready, so there is an element of value being unlocked by the Nasdaq listing. The real value the listing will provide, other than a better valuation of the assets on Nasdaq as opposed to AIM, is the funding of the equity portion of Songwe and Pulawy, which I expect to happen at a much higher valuation than the one we list at.

We're actually in auction, outside of the defined auction times of 9am, 11am, 2pm and 4.35pm. That hasn't been the case here for ages and is a very good sign.

Top of the morning to you Monte. My missus just replaced our oven / cooker with a new smeg induction version, so Mrs M is not the only one updating her kitchen with the fruits that Mkango is bearing...

Time to get some foo fighters on!

Did someone say breakout...?

Here we go...

Some big 50k buys turning up, looking like we'll give that 50p resistance another go.