Member Info for Malbright06

Yet again I am unable to place a buy order for 52000 shares even at the listed buy price of 15.5p because the number of shares exceeds the market limit. So effectively I have to place several smaller orders via Hargreaves and Lansdown, each one costing me £ 11.50 per trade. Its a bloody joke. Ive had similar problems in the past but seemingly there would be no problem if I wanted to sell 100,000 shares in a single trade (which I don't by the way).

Should have read $3.30's

What I don't understand (apart from the absolute heresy in awarding PSU's to these greedy non performing board members) is how the sale price of shares is calculated. For example Ofer Druker's sale just now was at a price in the $3.50's range when the trade price is high $6's.
Why are they only getting about 50% of the actual share price when selling to meet their tax obligations for the aforementioned obscene PSU's.

Today's RNS offering another 350000 share options to the new finance director. smacks of yet more snouts in the trough given the sizeable share options already granted to the board and detailed in the last financial statement.
Puts me in mind of another company in whom I have invested significantly and whose board have literally paid themselves tens of millions of Dollars over the past 2 years following a listing on Nasdaq that has seen shareholders like me shafted from an listing price of US$ 19 now down to a little above US$ 7. No incentive targets to justify the share options, just "stay in the job" and you'll be handsomely paid.

At the rate we are going we might just break 10p by the end of the week. There's something very odd going on here with these sell trades. Who could possibly be in profit selling at 12.50p now.

Im being bombarded with texts and emails from family and friends who I advised to pile into Mkango. Week after week, month after month we don't get any further news on the funding proposals to get the plant up and running. How long does it take to negotiate an MDA first ?
If as Munch alludes, we get taken out by a larger mining conglomerate, at what price will the current board accede. With some finance already agreed by two parties at both 24p and 27p there has to be some confidence that we who are currently drowning will get to see the sunlit uplands.
Meantime my hair shirt is getting a daily wash !!!

Last two buys were mine so got my 54000 shares a tad below 18.5. Made no difference to the SP. Bring on the MDA soon

Yes, seems definitely the mm's are refusing the deal due to the volume. For a 54000 share buy they want a price of 19p, cheeky sods.
Funny how they will accept sell orders of considerably more than 54000 shares and only give the seller the bid price. Sod em.

Having real problems today trying to fill a buy order at the limit price of 18.5p which it has already reached. Cant even place a buy order on market via H&L.
Trying to add another 54000 shares so mm's are playing silly buggers.

Tufftrader - You are absolutely right. Time and time again over this past 6 months they have missed supposed deadline dates for RNS news. I can only think that the Malawi Govt is playing hardball about the payments for the MDA approval. In other MDA's to other mining companies they've taken a handsome percentage of ongoing revenue so maybe MKango are also standing firm.
Ive just reviewed all my almost 700,000 shares across my various portfolios and I seem to be looking at averages around 25 to 27p before I get into profit. A year ago this looked like a cinch as I was rapidly accumulating in the mid 20's but then as the news flow almost came to a halt so did the share price retreat start up again.
Still long and hopeful, although my similar faith in another share of mine Tremor has taken another bath.

Lets try to put these results in stark numbers:-
3 months %. 6 months. %
Revenue. 75.8. -7% 156.7 +3%
Op. Profit. 15.5. -27%. 29.8. -18%
Diluted EPS. 0.05. -72%. 0.12. - 55%
Stock based comp. 15.324. +587%. 31.353. +633%

Meantime my own share holding since same time last year has probably dropped well in excess of £ 100,000.

How come there is not an institutional shareholders revolt at this. Meantime we are again back to "jam tomorrow" forecasts and meaningless reviews by the in house broker.

Down 10% at the open. It would have been nice if they had put the percentage increase in stock based compensation alongside the pathetic “growth of 5%”

If ever there was confirmation of the manipulation of this share price in US, it came yesterday with a deliberate shorting of the price down by around 6% at one time, in the sure knowledge that after today's results, there would be a similar rebound so that they then sell into a rising market. What a joke this Nasdaq listing has been for all of us "longs".

I wonder when the actual details come out, if this greedy board will find a way to award themselves yet more shares. Meantime apart from the usual jingoistic Finncap report and fantasy price target of 1700p, there has been little share reaction.

My buy just shown up as a sell. What a fiasco

Despite the agony of seeing the price ravaged these past months and despite the acute embarrassment of having had friends and relatives investing their hard earned cash in this stock on my recommendation, I like others retain absolute confidence that Mkango must be one of the best stock picks of 2022. Adding to my already substantial investment I bought another £5K today at 17.99p. When the MDA drops and funding becomes clearer we should see the base established for an exciting run.

Well that rumour didn't hold water for long, as an upside of around 40p early in the day when the rumour mill in full swing, currently stands at a 3.5p loss on today's trade.Over stateside we have hardly moved from Friday's close. Anybody care to try to substantiate this rumour with factual reports ?

Just to add further comment to the frequent statements about buys being recorded as sell, I got my wife to buy 34150 shares this morning for her SIPP and she got a great buy price of 23.67p which shows up now as a sell.
Ive just added another £10300 of shares to my ISA this morning so my total stake now around 700,000 shares. Averaging still around 25 to 29p across ISA, SIPP, and normal share purchases so still under water but Ive analysed this to the umpteenth degree and I just cant see any way that this stock could fail. Quite happy to await news flow and expect to see the price gradually climb back towards 30p but this may take months. Even when the funding arrangements are announced to see the start of the concentrate mining project I doubt we'll see any huge uptick towards the 50p considered by others. It takes a long time to build a concentrator plant let alone begin the first extracts to send to the refining plant in Poland, which also has yet to be built or detailed financing announced.
So my belief is hold steady for the next 2 years or so and in 5 years we'll all be millionaires (to quote Delboy).

Just hit $11.23 over on Nasdaq so blown through the previous all time low. What did Tremor do to deserve this pounding. Can no longer just blame the shorts. It seems to have lost all credibility with shareholders.

Even with the fantastic figures for Peri it sold off again today and is down 2.81% as I type. Seems like the adtec sector just keeps on getting hammered irrespective of results. Tremor now sadly behind the curve in announcing first quarter results but if as good as others I expect it to sell off to around $11 on Nasdaq if it follows current trends. That could mean a forward guidance P/E of around 10 for a company growing profits by 30% plus each year. Go figure !!!

Already touched $12.03 today on Nasdaq taking out the previous low of $12.21. Heading below 12 !!!! Is there a more unloved stock than this ??