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Https://www.politico.eu/article/spain-pedro-sanchez-government-deal/

Looks like it'll be Sanchez again come next week with a chaotic coalition but with all sorts of issues particularly around the amnesty.

The BKY sp seems have held steady recently notwithstanding. Any thoughts on what to expect now for BKY? On the face of it not promising for permitting.

Thanks, shows just what a massive problem lack of fx is for Malawi.

It prompted me to re-read this too.

https://mwnation.com/govt-guards-against-exploitation-in-mining/

I think it's time to lock all the negotiators in a room and not let them out before the MDA is in agreed form. One round of pizzas maybe, but that's it. These long delays have already become a lose-lose situation (as opposed to the oft stated win-win goal). Malawi are losing with its increasingly valuable rare earths staying in the ground and with no fx or indeed any money to show for it. Now we see another currency devaluation. And we as MKA shareholders have seen the SP drift to junk levels.

It should be entirely achievable to agree a percentage formula for some export proceeds to go to foreign bank accounts and some to Malawian accounts. 50:50 with an annual review? Come on, get it done. Ffs. Grrrr

It's still on the watchlist for me because of the massive potential.

The funding is key imo. The capex loan seems likely to close shortly. But how to raise working capital?

Would OEM really lend? It would be a significant change of dynamic in what's basically a supplier relationship. Might they just change supplier instead (despite the exclusivity and rigorous process)?

If SCE raise, the SP will likely follow the price, even if it's small and to keep the lights on. Imo wait to see who'll back this and on what terms/price. That'll indicate how the market views the many potential issues here, surmountable or not. Then see where the sp settles.

Not long to wait.

Https://www.lse.co.uk/ShareBrokerTips.html?shareprice=ANIC&share=Agronomics

Cannacord Genuity buy

It's certainly very tough talk from AGH for an RNS. Basically accusing Getgo of abusing court process for ulterior motives.

How to finance the working capital is the question left hanging but I think we all know what that means. Longer term this could fly but short term pain.

Seems to be NRCC with the negative undiplomatic language again. Odd. I don't know how important they are in the process. Might be a good cop/bad cop thing. The impression I get is that it's happening though and pretty soon. Lotus first.

Nice to be reading about Hypromag on the front page of my Sunday Times B&M section today! An article about Jose Fernández and the MSP.

Processing in Pulawy doesn't sit very comfortably with this. Maybe a percentages of material to be processed abroad/in Africa agreement is being negotiated.

Poorly written and edited article.

If middlemen is more than just an insult, the ML/MDA is where Malawi must set out its requirements on purchasers from MKA. Legitimate and normal to require that a buyer from MKA must be able to deliver the mine etc, no Delboys and Rodneys for example.

The MDA and Mining Licence are where Malawi would place any restrictions on sale, partners etc, if there's a genuine concern MKA are "middlemen".

It's a shame that article yesterday was so incoherent.

Presumably MKA would have had to put out an RNS if it meant material delay.

Hard to know what to make of that article. Garbled mix of issues. Past present or future? That's a very strange suggestion about MKA being middlemen. Why and for whom! The context there seems to be negotiation of a tax holiday, pretty normal stuff. Defensive a.r.se covering by that committee as MDA nears maybe.

The RNSs says the US JV is called Hypromag US and is a 50:50 JV between Maginito Ltd and Cotec. Cotec now owns 20.6% of Maginito. MKA owns the other 79.4%. So Hypromag US is owned 60.3% Cotec and 39.7% MKA, so approx 60:40.

The Hypromag tech is being sublicensed to the US JV.

That's the basic set up. Presumably the various accountants and lawyers have advised this is the best way to structure it. Sure there'll be tax etc at JV and partner and interested party levels, and this and net returns will differ for each party.

Any Cotec shareholder loan would doubtless be on terms, with interest payable, plus conversion rights perhaps.

First production of rare earth magnets from Tyseley is targeted for this year.

Their marketing and PR should make the most of this and the international angle and potential. TV pix etc of those magnets rolling off the production lines please. Huge green story just weeks away now.

Still a strong buy imo. The SP's got severely constipated but good news has been backing up for a while. Cotec's investment and the JV etc. The MDA is getting ever closer and when it lands it should be the enema that delivers a massive SP explosion.

Looks like a Cotec quote misattributed to MKA by sharetalk?

This is a significant week in Spanish politics which could impact on BKY's chances of permitting. Outside chance of a PP lead govt this week, then a couple of months of Sanchez trying, otherwise a general election on 14 Jan.

https://abcnews-go-com.cdn.ampproject.org/v/s/abcnews.go.com/amp/International/wireStory/spains-conservative-leader-long-shot-become-prime-minister-103442315?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16957151426146&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fabcnews.go.com%2FInternational%2FwireStory%2Fspains-conservative-leader-long-shot-become-prime-minister-103442315

YCA tipped by Ian Cowie in today's Sunday Times

Https://www.peaknickel.co.uk/

Right metals Right time.

New secure website for Peak Nickel? Nothing on it yet but there's a tab for future RNSs. Hopefully news soon on ORM's half mill investment?

GBE's MDA gives Malawi a 5% royalty plus .45% to the local community. In addition Malawi gets a free 10% equity interest in the project plus an option to buy a further 10%.