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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.
A tad warm for rioting in Spain atm imo
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.
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
The debate in Germany's interesting as they switch off their last nukes. Quite evenly balanced. Trouble is too many crackpot ideologists and politicians seeking power. No one's in it to do the right thing.
Quite how it will all fit together and who will deal with what is still a bit of a mystery to me tbh, but at least none of it looks like bad news, and hopefully it will improve the regime. This new independent regulatory body seems to be the entity that will actually grant mining licences going forward.
Not the clearest article ever written, but it looks like it's only about creation of a new independent regulatory body. A Malawian anti-corruption thing, rather than extending the scope of the legislation to accommodate MKA's or other concerns. Hopefully no moratorium or delays on new licences/MDAs whilst it progresses. That would probably have to be RNSed.
I guess it's perfectly possible MKA could sell Songwe to the Chinese but I don't think it's possible Malawi could or would nationalise Songwe at undervalue or otherwise rescind MKA's Songwe licences. Malawi's building international credibility for example with the US and with deals like with GBE. The money Malawi will get from the royalty and equity stakes in Kanyika Songwe etc depend on its political fiscal and legal stability. Malawi's maturing.
Yes done that hence the question.
About time for an update?