The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://www.nyasatimes.com/mining-company-mkango-resources-given-approval-to-explore-songwe-hill-rare-earths-project-in-phalombe/
I think Lemon's quote here still reflects the current MDA position. Hopefully MDA is imminent therefore but I suppose the main question for now is whether the international lawyers find something Malawi want to renegotiate.
Ribera's so duplicitous. Lots of vague waffling around the desertification issue she's supposed to be addressing (eg people leaving places like Retortillo for lack of opportunity). At the same time she's preventing the solution (in Retortillo it's BKY's project) so as to further her counterproductive vanity policy of non nuclear. And acting unlawfully doing so. She seems almost proud to be sacrificing the opportunity for the area. Appalling.
I agree v nice purchase from Dawes. No one spends that kind of money on a whim. He knows where this is going.
Add in the Minister's comments, and the ML and MDA look nailed on to me. Yes there's the delay and expense as more lawyers scrutinise the MDA but ultimately that's a positive thing. It means the Malawi government are taking their responsibilities to the people seriously and gaining international credibility too. I suspect MKA are paying the fees (the Minister said there was no cost to Malawi in this exercise and the current raise was partly for fees) and MKA would not do this were they not confident the MDA stands up to scrutiny from everyone's perspective. Funding should follow readily imo.
No brainer strong buy imo.
Looking forward to seeing more project and readmission details.
If it's nickel, I read that 35kg is needed for an EV battery pack. And the IMF and others expect battery metals prices to soar.
And it doesn't at this stage look as though further funding is proposed.
Potentially very interesting for ORM shareholders.
Ouch but one to suck up imo. This funding also enables release of grant funding for hypromag.
And interesting that MKA talk expressly of the possibility of Songwe as a standalone project. So not just the integrated dfs next perhaps.
Interesting research and thoughts on Lockwood and the Mackenzies. Peak may just be a nod to the peak district on Sheffield's doorstep, just a name to go with the Sheffield base. So a nickel project anywhere in the world perhaps? Looks like PNL have acquired something somewhere or have it under contract.
You'd hope they'd be obliged to give reasons, but maybe they don't have to. Bky are rubbish at explaining what all these proceedings are. I thought some sort of court was involved here but maybe it was just akin to a formal request to miteco for it to reconsider on the basis of BKY'S arguments.
Looks like Stewart Leroy Lockwood (a PNL director) is the co sec of Aztec Minerals (mining projects in Mexico and Arizona)
https://www.theglobeandmail.com/investing/markets/stocks/AZT-X/insiders/
It's a game of chicken basically. Wanting to hold and win big with an RTO that'll send the SP ballistic, but at the same time knowing I've got to jump and get out whilst it's still possible before de-listing.
Come on BoD talk to us.
We really need to hear from the BoD urgently.
It's been 21 months from the ROC deal collapse, and 4 months from the La Zarza sale and becoming a cash shell. There are just 2 months to go to do a deal/RTO before de-listing. If ORM delists, retail investors want to be well out because it'll be very difficult to sell then.
Shareholders will be getting twitchy. I certainly am.
Do you wait in the hope of a deal, or sell now? The later you leave it to sell, the more risk the price could drop, or it may become impossible to sell at all if there's a sudden mad scramble for the exit.
The BoD need to update the market now.
It's a great undervalued company with many strings to its bow. It's already been given wide exposure to interested potential funders as well as already having secured EU money, Cotec and Talaxis etc. There may be fierce competition amongst the interested funders now! Equity dilution isn't bad if the timing and price is right and it's part of the best funding deal. The BoD is strong, they won't undersell and shareholders should be confident and excited imo.
https://www.mining.com/uranium-price-expected-to-rise-in-2023-on-nuclear-power-revival/
SP continuing north following big jump on ASX. Sentiment improving perhaps. Can't see anything earth shattering in the quarterlies but nice emphasis on nuclear's importance and uptrend in U prices, and moving away from Russian U. Time is ticking down to the election too and there's always the chance the current government could start acting lawfully for once, or maybe even accept they got this one wrong. The court ruling could help if it ever arrives.
Indeed, i believe MKA say integrated DFS is next, as Pulawy progresses, implying perhaps the favoured approach is funding for the whole mine-refine-re-recycle business altogether. Officially at least.
Funding could take many forms though. I wonder if Songwe in particular might be funded sooner as a standalone project. There was a beauty parade of banks at Songwe last summer. We could maybe expect a Songwe BFS.