Member Info for flundra

I suspect the market is overly focused on the Songwe MDA where the perception is we're still some months away. Similarly the refining and recycling side remains under-appreciated despite strong progress imo.

Well my MKA shares are definitely an investment. The current investment objective is growth. In time this will move more towards income with progress of the various exploration mining refining and recycling projects.

Keith Bowes of Lotus talking about their MDA negotiation a week ago said he was confident he thinks there'll be something to report back to the market on within the next couple of months. So November basically.

MKA were reportedly "ahead" of Lotus in Jan in negotiations, throw on top of that GBE's MDA and the recent positive comms from Lotus MKA and Malawi, we shouldn't be far away now.

I'm certainly pleased with my other uranium shares particularly Cameco.

BKY still all about Spanish politics imo. Bloomberg quote JPMorgan today predicting fresh general election Dec/Jan as most likely. Looks like it's adios 2023, another year gone for long suffering BKY shareholders :-(

https://www.bloomberg.com/news/articles/2023-09-15/new-election-in-spain-is-the-most-likely-scenario-jpmorgan-says?leadSource=uverify%20wall

Grants or loans from US govt do we think? Grants might fit with IRA principles?

Excellent news imo. And no better way of funding (so important) than by Cotec shareholder loan alongside hopefully US govt funding. Specialist commercial funding/dilution would have been less good. Cotec have real incentive to make this work and proper skin in the game and we can assume fair terms imo. Big news today.

Yes that's surely MKA's Songwe she's referring to. One of the few projects specifically referred to. Can't be far away now.

Interesting that the African Union (of which Malawi is a member) is joining the g20. A voice on the world stage in the switch from a fossil fuel based economy to a metals based economy. Malawi has a part to play.

Ben Judah wrote last week "At the top of most leaders minds during the Delhi summit will be the race for critical minerals, a momentous shift that is reshaping global politics".

MKA need to box clever and bring home a nice juicy MDA now. I still think this share (with its broad mine/refine/recycle offering) could be massive in the near future. Beautifully positioned right in the thick of one of the most important issues in the world.

Marked down but v thin trading by volume and value since relisting. More buys than sells it seems. Could yo yo a bit. What range will it settle in...

Aquis seems to be a "designated recognised stock exchange" such that an existing ISA wrapper for ORM should survive imo, although HL won't confirm this to me atm.

Hopefully this chatboard will continue for a while at least although I'm not sure if LSE cover Aquis listings?

https://www.gov.uk/government/publications/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007-v3

Malawian President Lazarus Chakwera said his country was fully behind Brics' partnership with Africa and wished to be part of the bloc.

https://www.news24.com/citypress/politics/more-african-leaders-plead-to-join-brics-20230824

The geopolitics is important but I reckon Malawi economic development will trump political affiliation. Western backing for MKA projects most likely imo.

..and a trading platform Aqse.

GLA

They need to update on AQSE if AIM's out. It's an important part of the equation.

Momentum building. GBE's Grant Hudson's clearly taken a shine to the Minister of Mining Monica Chang'anamuno. Ball of fire lol. Get a room! But let's have MKA's MDA first.

Spain and EU are still needlessly buying expensive uranium off Russia and presumably Niger too still post coup. They talk democracy but deal with oppressive autocrats. They don't walk the walk.

Much better to exploit Spain's uranium resources. Cheaper, security of supply, clean energy, jobs and prosperity for an impoverished region, ends unlawful withholding of permits etc. Time to permit BKY's mine whichever way you look at it.

I get that ORM is heading for de-listing from AIM, but TRU and exercising the Peak option would be RTOs enabling AIM relisting. Not proposed sure, but it would still be the preferred route imo.

DS you voice the fear we probably all have, but I'll take the Aqse proposal and promises of future professionalism, regard for liquidity for shareholders etc at face value for now.

Zebs is it really £100k just to relist a £5m ish mcap on AIM in these circumstances? Seems a lot, and perhaps justifiable anyway now there's a couple of projects going. They happily sucked up the annual AIM fees for ages whilst having no live projects.

The EU gets 25% of its uranium from Niger according to BBC. Even if Sanchez and the Miteco nutters cling to their dumb ideology, you'd think the EU will now pressure them strongly to get Spain's U resources on line asap. Blindingly obvious. You can't trade with places run by the likes of Putin and coup leaders. Makes Spain complicit in all sorts of horrors and abuses. Come on.

Good to see they're at least thinking about liquidity and trading, maybe they've been reading this chatboard! But they need to sort it like yesterday particularly if they want votes. They're addressing this too late. And I'll be the judge of whether they have integrity and standards. I query why Aqse too. Just relist on AIM. It won't be a huge cost difference, it's easily done. There's also Peak and the legacy Spanish stuff. Where's the ambition?

Military coup in Niger now (where 20% of Spain's uranium comes from, to go with the 40% from Russia and 10% from Kazakhstan!!)

Given Spain has the largest U reserves in EU, which can be produced immediately and cheaper, and has the highest joblessness in EU...

.....is it time for the government to do the right thing, stop behaving stupidly and unconscionably by buying from unstable despotic regimes, and instead permit BKY's mine, and which it's lawfully obliged to anyway?!

How do Sanchez Ribera and the Miteco lot even sleep at night, pouring money into these appalling regimes? Time to get tf on with it.

A Lemon's on the case...