Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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
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?
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
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.
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.
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.