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Bet they're popping the champagne corks and breaking out the marshmallows and wieners over there in the States! Plenty to reasons to celebrate this Independence Day! 🍾 🌭

You mention PRE being ahead on offtakes, but I'm starting to think there's something quite significant about the Songwe offtake agreement, and the fact MKA haven't reported it yet.

I take the MCM CEO's comment it exists (reported by mwnation) at face value atm.

It's perhaps more sensitive than the other Malawi plays Lotus' and Globe's offtakes (theirs are with US utilities and industrial/trading houses).

Might MKA's be with the military or supplier for example? Lockheed or similar? Alternatively a big commercial name and it's signed and ready just awaiting release?

Great Post from Mamadou Blanco and I totally agree you've got to hand it to Will and Alex. Less than 10 years ago they were really only a pair of random mining dudes with a few dreams poking around in a remote corner of Africa. Now they've taken MKA to the cusp of something really great, important players across the RE cycle on the global stage, and at the perfect time. Incredible really, true vision becoming reality. Nice rise today and value will continue to come out as the nasdaq listing ($400m!!) nears and Hyp progresses. Not forgetting the other assets and the pivot away from AIM. One of my all time favourite growth stock investments this. I agree with the £1+ in the near term predictions. Love it.

Re GLR's point on Songwe and the MSP, it makes the mysterious offtake with a US "company" v interesting...

Don't want to be greedy after such good news today, but I'd like to hear confirmation of the Songwe offtake agreement with a US company (as per the MMC CEO quote in yesterday's mwnation piece). V significant if true.

😃

Confidentiality provision? Journo just blown their cover? What US body might that be?!

Might just be wrong. Globe just announcing, Lotus with a US energy Co.

MKA would surely have announced it. Can't believe we've all missed/forgotten it!

Who's ours with?

We have an offtake agreement on Songwe?! Big news if so unless I've missed this along the way. I knew about the other companies.

Tomorrow for that random day for 50p open?

2024-10-03-nr-mka-attw2h0gf1.pdf https://share.google/AsLjOdhOWKXy2cjp2

For background as to why LCM is significant for MKA

Our very own Less Common Metals "battling to cope with enquiries"

I wonder what ancillary docs are being referred to. Something trifling or more significant like the BCA Note maybe? It does read to me like the BCA is done so odds on we're there.

Management have been perhaps a tad optimistic about the H2 timeframe for commissioning and commercial ops at Tyseley. But given this is significant groundbreaking tech they're 100% forgiven in my book and can still have their RSUs. It doesn't surprise me there's a few delays and maybe some teething issues but I'm sure we'll hear it's sorted v soon. The HPMS vessel was delivered late for example and will need its valves tweaking.

Moreover it looks like the sponsor money remains in the escrow account. The stated intention was to return it if no BCA by 30 June.

And Sigas.

And 3 July is just before 4 July...Happy Times I think!

Agree Traa you've highlighted the important bit re ancillary docs. Looks like the BCA is basically ready, and this isn't just a final 3 day effort to agree it before it goes abortive. Positive imo.

Semantics maybe but I'm not sure deadlines is the right word. By today is a target for Tyseley (albeit recently restated). Today is the last day of an extendable exclusivity period for the spac transaction.

Can't find anything suggesting issues or return of the sponsors money, so I'm holding firm.

There's also still the rest of today in US/Canada.