Member Info for flundra

For the Spanish government to ponder.

One uranium fuel pellet (the size of a sugar cube) contains the same amount of energy as one tonne of coal. And no carbon.

https://world-nuclear.org/nuclear-essentials/how-does-a-nuclear-reactor-work#:~:text=They%20come%20in%20different%20sizes,a%20variety%20of%20different%20fuels.&text=A%20nuclear%20reactor%20is%20driven,atoms%20and%20some%20additional%20neutrons.

I guess we might as well root around for some other minerals whilst we wait.

V positive SP reaction.

There'll be significant profile raising spend on our expensive testosterone fuelled Wall Street bankers pushing the mining/recycling opportunity through the spac.

More PR/marketing spend on the recycling business at this time? All the info's out there. Who doesn't already know about MKA who'd want to know? Management have been all over potential funders and grant bodies for years. PR comes with a cost, and we all whinged (at least a little bit!) about the recent raises. I'm in 2 minds though, can see the advantages too of marketing the opportunity here more to gain real traction.

My conclusion is to keep buying MKA, for all the business lines, and whichever way the spac transaction unfolds. Have confidence in MKA and Cohen imo.

An early bid from RIO is perfectly possible imo. Malawi have expressed great enthusiasm over RIO's involvement. RIO look comfortable with the geopolitical risk and already have a wholly owned project in neighbouring (and more challenging) Mozambique (Mutamba). RIO leading the discussion with SVML at the MSP event at the UN General Assembly last year was v significant imo. The title "Mining Titans and New Horizons" speaks volumes in itself.

And Kasiya is as good as any mining project gets of course.

As a shareholder in MKA, I can tell you getting the ESIA mining licence and MDA was a long drawn out and excruciating process against the background of Malawi's new mining law, BUT it happened quite quickly at the end (for Lotus too). RIO might hold off bidding whilst that process unfolds re Kasiya although might think it's sufficiently derisked already and just bid now. There's also the DFS to consider before bidding maybe.

Plan B isn't bad either and should see the sp improve as the project progresses towards production over the next few years.

It's a nice thought. A big boost to the MKA sp on AIM/TSX courtesy of a chunky US spac valuation. Then place a load of MKA shares at a nice premium to today's price. Great if there's a placee happy to take MKA shares on AIM then.

Buy MKA now imo. Take advantage of any SP rise consequent on the efforts of our American investment bankers to put this new vehicle for Songwe/Pulawy to investors at a strong valuation.

Taking candy from American babies.

Buy MKA imo.

Yes, I think valuation is announced on signing of the combination agreement.

So you're suggesting that if there's legal completion of the mergers and a lag before listing the new entity, there could be off market share dealings in it based on that value. Interesting thought.

Wouldn't completion of the combination (rto) be conditional on the listing, at which point value would be established? (Rather than when the definitive combination agreement is signed).

I didn't think it was intended or desirable to combine with CPTK without a nasdaq listing.

Just looked at IG, it's 0-50 clients with open positions, 97% long, 3% short. Closing only.

I've been building a Sept forward position with IG in an attempt to trade.

Main shareholding in sipp.

GL

Gallmat I noticed last week that IG had stopped accepting spreadbets on MKA recently. Not sure why.

I bought a few more this morning too. So much potential good news to look forward to. And with the decent fund raise, no need to be looking over our shoulder for a bit! The SP will hopefully go on a bit of a run now.

I think it's unlikely MKA will raise like this ever again!

Sure, income streams from recycling won't be enough on their own for quite a while, but it's much more likely that next up we'll see strategic investors, project and structured finance providers, larger bank facilities and grants.

I suspect we'll see more big funding news shortly, that we're going to like.

And there'll be the shareholding in the spac to sell down too if required.

Https://www.capitalradiomalawi.com/2025/01/25/govt-excited-over-mineral-extraction-in-kasiya/

A real plus from this week's presentation was seeing Alex in NY with US counsel progressing the deal with a real sense of urgency. V dynamic. I'd take your timeframes cyberbub.

Maybe the relisting process is simpler and quicker than starting from the bottom of the hill with IPO (costs, prospectus, disclosures etc)? I'm not sure what our spac's exact status is, eg fully delisted, suspended etc?

I thought the main point of rto spin and spac'ing was to avoid the costs complexity and time it takes to IPO, because the spac's already done it.

I guess MKA are following Cohen's advice that the Crown proptech spac route to nasdaq is the best available.

Https://allafrica.com/stories/202501230314.html

I like Will and Alex's approach and thought it was a good informative update. Focussed high calibre team with skin in the game really delivering. The spac looks well progressed already. Yes they can be understated but scientists aren't generally known for their PR and presentation skills. But rather them than a spiv frantically polishing his AIM listed turd trying to get me to buy a chunk.

SP holding up quite nicely considering.

All business lines progressing apace.

We need the Wall Street suits to crank the spac valuation to the max.

The discount's disappointing but i guess the size and timing of the raise reflects the amount of work going on and consequent need for working capital. Good that Alex is busy, he sounded v upbeat. The Spac transaction is obviously progressing fast, and Cohen and US counsel ain't cheap (bet the first interim bill's in and payable already!)

As an lth I'm OK with it.