Member Info for esduk

Only works one way!

Yes Kaeren that was one theory we discussed over the past week or so here as well due to the book not being square. Not worried either way. The cash position was the potential drag on the SP and that was well and truly dealt with in the Q3 results. Mkango's LinkedIn post today with a summary of the Q3 results even had the headline "Strengthened cash position". For me it's mainly upside from here, with limited potential downside.

I've still got them magic. Bid up to 51p.

Strangler, just hilarious. We have had news i.e. last Monday, the SP has reacted well to it. I predict we get some more before Christmas. Let's see.

The two week break we got from you was lovely btw. But alas, all good things must come to an end...

*what we have coming up...

As I said, absolutely hilarious. Weren't you the one predicting 30's the other week?

No frustration or blinkers from me, posted a lot about the large seller we had a couple of weeks back, no evidence so far that they are back. Feeling very positive about our current position and what we coming up. Good luck to you are yours.

You're hilarious mate.

Definitely feels like it is being held here for some reason. Buys at full ask not moving the SP, whereas they dropped the bid 2p earlier based on no selling.

It’s 49.62p to sell, but the advertised bid is 48p. Smoke and mirrors stuff from MM’s.

*dropped it

Which is ludicrous if it is the case. Let’s see if some big delayed sells turn up but so far they’ve droooed it from 50/52p to 48/51p on 8k of selling and 50k of buying.

Not sure about gaps in the order book MagicF, I was referring to gaps between candles on the candlestick chart. Not analysis I use / understand that well personally and doesn't make too much sense to me i.e. why would a gap necessarily need to be filled? But like all things charting, it can be self-fulfilling if enough people believe it. I think this kind of analysis applies more to big MCAP shares though.

I'm sure I haven't explained that perfectly, it's not my area of expertise. I think a true gap is if there is no overlap between the full candles, rather than just the bodies of the candles, which means (for a gap up) the price the next day is at all times higher than the highest price achieved the day before.

Tuck, not sure if your question is aimed at Sigas, myself or someone else? But I'll give it a go. When you look at a candlestick chart a gap is where there is no overlap between the candles between one day and the next. What it means is that the price has either opened higher than it closed the day before and stayed above opening price all day, or that the price has opened lower than it closed the day before and stayed below the opening price all day.

Some people think that gaps tend to get filled, and are a bit like a magnet that attracts the SP in future trading sessions. Apparently, the longer you go without a gap getting filled, the weaker the gap / less likely you are to fill it. I don't personally attach to much credence to them on shares like Mkango, but some others may do.

We often get people on here, some of whom are clearly wind up merchants, talking about gaps that need to be filled at much lower share prices and I was jesting with SG that there was one at 18p in reaction to his comment on the beautiful one year chart. I am not at all worried about the gap at 18p, and I don't think anyone else should be either.

Haha, I'll take my chances! It would be quite the volte face on my part. Here's a bullish statement just to assuage any doubts:

Price action looking very strong this morning. Don't appear to be any large delayed sells like we had two weeks ago, or an unbalanced book like we had last week (potentially due to Stifel's exit). We even have a potential Mr 99 appearance with a £24.99k purchase.

I don't know SG, I'm a bit worried about that gap at 18p... ; )

I.e. Noble/Talaxis have never owned 49% of Mkango.

I think you’ll find it was the project (Sonwe) that was 49% owned by Noble rather than Mkango. Talaxis converted the project shareholding into Mkango shares in a restructure.

$350m in Malawi is a massive amount of money, with a GDP of only c.$14bn. The point is not that the Americans are spending $350m because of Songwe, but they are spending $350m because of Malawi’s natural resources, of which Songwe is a very important project.

America, for the first time in a long time, is outspending China in Africa, with the primary goal of securing strategic resources / critical minerals. American spending in Malawi helps secure them in the Western camp and will influence the government to create and maintain a favourable environment for Western miners, particularly for projects the US considers as strategic.

The IDFC funding Songwe’s FEED and current negotiations around further funding and financing with IDFC and other US government agencies prove that they see Songwe as strategic. Having them on our side will be very useful.

Yes the DFC will definitely have been on their list, but I imagine they also will have visited the DoW and DoE. There are so many funding programmes that we have already applied for / will be applying for. More connections to the to the DFC with Alex liking their post about DRC.

https://www.linkedin.com/posts/alexmacdonald91_dfc-strengthens-strategic-partnerships-with-activity-7402756033619628033-jwxj?utm_source=share&utm_medium=member_ios&rcm=ACoAACbW318B5SROCrBo8_YGOn-KXbgaEGlJ0ow

I reckon there's a good chance that we'll be getting some funding for the expansion to 1,000 tpa.

Thanks Myles, some very interesting insights and agree that we should see a couple of pressies from Mkango pre-Christmas. Q1 shaping up to be a very big one now with DTP on Hypromag USA, SPAC listing and commercial revenues from Hypromag GmbH.

Weird SP action this afternoon, the drop certainly didn't look justified based on today's trading action. MM's keeping the advertised spread at 4p / 8% for nearly half the day also strange. They've also put in a small volume UT at 48p to make it look like a bigger drop today. Oh well, a good week overall with an over 15% increase in the price. More of the same for the next few weeks would do nicely.