Member Info for Genghis15

Surprised not to see a bigger rise today. Mb Simon T will boost it with a mention later in the week.

the 40s seem a very reasonable expectation in the near term to me.

Hmm. Well, the co says "Therefore, the Company expects that funding received from Talaxis, funds received from the exercise of warrants, funds received from the exercise of stock options will be sufficient to fund Mkango’s operations in the near term".

So, no placing "near term", tho that of course is vague, but about as mucxh as could be expected from a Bod which has to retain flexibility. Stil weighing things up!

I am currently doing my DD here, and have looked at presentations and financial statents up to end June. I am minded to awaut the Q3 statement next week b4 committing myself so i can get as clear a view as possible of the finanes
The first question to ask of early stage miners is always, whats the cash position, and the cash burn , to rule out as far as possible being undermined by a placing.

I know Songwe is being funded by Talaxis, so its good to see a free carry to (possible) production there. But otherprojects need progressing too, and ther is always G&A.

So, I'd be grateful for any comments from LTers here on how they see the cash position going forward.

https://www.energyvoice.com/oilandgas/north-sea/280759/oga-geologist-clashed-hurricane-west-shetland/?utm_source=facebook

https://twitter.com/CadenceMinerals/status/1328372133186166791?s=20

EMH trading at equivalent of 44p + stateside, bodes well for kdnc.

adv
Yes, Fat Fimgers.....28p.

This share was 50p in January, and by Jan 2022 it will be 50p again, imv. I exited at 258p some time ago but will be back in soon. Great update, much better than it might have been.

DD7

I agree, placing coming which is weighing on the sp. Once its done, it maypull sp back to whatever price they raise at 9assuming its a discount to market), but agree with onceaday that once its out of the way the sp could sytart a rapid and sustainable rise. all imho, tho.

30p and I'm out.....gotta take profits in this game, imho.

Quite....this is not a share I'm intending to trade, but the offer seemed an open invitation to do so.

A safe divi yield make this a core holding for me, and I don't lose sleep if it falls below the offer price. Just a bit surprised that with such a safe divi ir slipped, I expected a bounce back to c. 110 by now.

Well, glad I sold at 108 and bought back in the offer, but can't believe we've now slipped below that price.

they can give the sp a push on occasions. and nbetter to have them inside the tent, as it were.

https://twitter.com/TopTradersADVFN/status/1324743194240864256?s=20

https://twitter.com/AfzalValli/status/1324680185694818305?s=20

Not in the weekend camp myself, but it is about time for some action here imho.

The drill is moving along, and it may around now that the speculative money starts to flow in.

Fingers xd next week should see a northward move in the sp.

thefierce1

Apologies to all for OT.

But I watched Chelski last night ; they were deserved winners. BUt my big takeaway was just how well drilled Rennes were for a side depleted by injury and (I think) 6 players 20 or under. They were desperately unlucky with penalties, esp 2nd one, but heads never dropped. their manager may be one to watch.

"I don't buy some peoples comments about this being pumped"

You misunderstand. It IS being pumped, you just aren't seeing it on Twitter.

That doesn't necessarily mean the pump is unjustified. The story is good, but I doubt the SP would have risen so strongly without the Twitter boys.,

It is being ramped on Twitter. That ramp mb justified, but its happening.

Anyway, I have put a toe in the water, but would be grateful if anyone could answer my earlier question.

perhaps they were too busy with wsbn, amongst others.?

cos they were busy ramping WSBN and others, perhaps?