focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://twitter.com/quakes99/status/1664381931168088064?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
U stocks up strongly today. Bull market now. Cameco recommend John Quakes.
If BKY can get these last permits now (via a new govt or successful court case) the SP should really fly. The top up funding and off takes etc shouldn't be hard to get. Strong buy imo.
Malawi must be careful not to kill the geese that will lay the golden eggs. It would be a big mistake for Malawi to be too greedy in these negotiations. They could end up with no forex no mining sector and no investors. No point in having rare earths that stay underground.
Maybe the grant of options indicates MDA/ML news soon. Good they're exercisable at Feb's raise price and are tied to MDA/ML grant. I trust the usual restrictions on selling option shares apply and there's no incentive for MKA to concede points in the negotiation now just to get a deal done and get the options. I don't think there is btw but the thought occurred.
Poor results for the left in this month's regional and local elections bringing forward the general election to 23 July. PP polling strongly and if elected are more likely to permit Salamanca, or at least comply with the law.
BKY's strong legal challenge to permit refusal is underway in the courts.
The background is increasing understanding nuclear has an important role in low carbon energy, and that uranium shouldn't come from Russian sources.
All points to a strong buy imo.
Nice language from Linfield. Success in Malawi. Positioning for mining. Looks good.
Https://mwnation.com/govt-guards-against-exploitation-in-mining/
This article referred to the Bank a/c point GLR1990. Basically Malawi want exports proceeds in Malawi bank accounts. MKA don't. Malawi has a chronic fx shortage. One question I imagine the lawyers are fighting about is to what extent and how fair is it for Malawi to use the MKA/Songwe MDA to help cure its general fx shortage problem.
Bonks that's a really interesting thought about US requirements maybe driving MDA terms.
Fantastic deal, great strategic move by MKA. First UK production targeted this year!!
Good to Lotus still going along too. Lotus adopting the deeply unpopular Paladin contract albeit with variations is probably a much trickier deal than negotiating a brand new MDA/ML. Malawi are trying to recoup significant Paladin losses there. No such baggage for MKA. So hopefully MKA's MDA is ahead and imminent and everyone's learned lots from the Globe deal so we really do get a win-win.
The softening sp suggests no ii is buying let alone amassing shares
Bacchus still advising I.a. to defend speculative t/o bids.
Being paid in shares still.
Patience still needed imo.
There seems to be no equivalent SPP for shareholders on AIM as for ASX?
Hope Villa's form rubs off on MKA...
Remarkably interesting read for a project in the long grass.
Encouraging that the cash balance is strong, as is the legal case and that it's before the Court now.
Time to listen to IEA's sharp criticism of Spain and others being cold on nuclear and over reliant on Russia?
Ribera et al will doubtless continue to flout the law and pursue their extremist ideology for now, but the upcoming election might see them removed.
Noteworthy that BKY make much of its clean tech/ battery metals Plan B in these quarterlies.
The softening sp is a bit depressing. The Minister overpromised and the GBE deal has underwhelmed the market. Changes to the legal and regulatory framework may also be causing uncertainty, but it seems to me the fundamentals across the MKA business remain solid. There's also been no specific indication that the Songwe MDA and licence will be delayed because of any changes (and there's been no RNS). So I'm holding firm.
Ps I don't agree with the comment here that DWF/Trinity might be causing unnecessary problems. And MKA will not have written a blank cheque for their fees either.
Selling drying up maybe/hopefully? Low volume today.
A share to follow the money imo. There'll be a lot of people involved from the Malawian state, MKA and the teams and advisors. I'm sure they're all squeaky clean, but just in case maybe watch for sneaky buying ahead of grant of MDA/ML... Imo
This is a good on topic article Paul
https://euobserver.com/world/156226
Basically Russian state owned company Rosatom controls uranium mining in Kazakhstan
Parts of the Scottish Highlands identified by the BGS as particularly worthy of further investigation...
https://www.cnbc.com/2023/04/17/energy-uk-identifies-areas-to-scour-for-critical-raw-materials.html?__source=twitter%7Cmain