Member Info for Malbright06

Just added another £5k at 10.66p to take my current holding to over 800,000 shares. Hope that illustrates my confidence in this company going forward. If it ever does hit the mythical £1 share price often referred to on this blog, I could afford to pay off my mortgage and buy a nice little winter apartment in Oz, (where I have dual nationality having lived there for 10 years back in the 80's). Until then just pray and hope every day that this MDA lands and we can crack on with getting some stuff out of the ground.

i just looked back to the rns in january which mentioned that the mda should be finalised “shortly” it now feels like we will see the second coming of the christ before the malawi govt will get off their fat ****s and get this done. mkango are still sounding about getting the first concentrate early in 2025!! not a hope in hell. day after day, week after week, month after month and still we wait for this bombshell to land. i’ll bet the ukraine war will be over before we ever see this “mirage in the desert”

Well it seems that the market (at least the UK version of it) has swelled the quite unbelievable claptrap forward guidance, such that the morning sell off has now recovered all of its losses.

I suspect our Nasdaq "friends" won't quite be as gullible so expecting a renewed sell off when the market opens stateside.

to scorpionwinger - *******s to finncap. they've been trotting out the same price target for years now and each quarterly report takes the price lower. if we hadn't had the recent price recovery over the past couple of weeks we'd now be looking at a share price below £2 (which i think will happen anyway later today)

And one thing that really gets my goat. They NEVER separate the revenue figures into the individual companies acquired. So despite all the supposedly revenue enhancing acquisitions of the past 5 years or so, our actual sales (revenue) has declined markedly. You have to wonder what these figures would be like if we hadn't acquired Amobee.

Its absolutely shocking. And still another $ 7 millions + in share based compensation in this first quarter !!!! If only these ####wits would have their compensation based on the jam tomorrow principle for the rest of us.

Im bloody furious.

Well Gdog as you say they done it again. Revenue down, despite all the acquisitions, profit completely erased and now in a loss situation, really clutching at straws with the forward guidance, which would take miraculous recovery to achieve. All jam tomorrow yet again.

Expecting the usual 25% hit to the share price as soon as the market opens, which may well get worse when Nasdaq re-opens later today.

Have held long and strong for so many years now it looks like I'm never ever going to break even on this. What to do ???

Mainly for Gdog. Noted you were a very keen advocate for Perion and have always had much greater confidence in their management. So i did a bit of chart research going back 12 months from today. Peri as at today up by 87% and at one time was up by well over 100%. Tremor by contrast DOWN by 47% whilst the managers have enriched themselves to the tune of tens of millions in share options.
Just wish I had followed your lead. Hope you’re still invested in Peri who I note will post results May 4th for first quarter. Price steadily moving up and up this past few months whereas every day with Tremor is yet further declines to all time lows on Nasdaq.

Thankfully this RNS was released before the market opened so I was able to cancel my limit buy order (15.5p) as was expecting this to drop markedly at open, which it has, currently 3.25p down. And how are we private investors supposed to share in this placing ? It sounds like the three brokers have already sorted this with institutional investors. I cant help but feel this is a somewhat desperate measure to raise at 12.5p whereas the previous loan notes were secured at 27p. It seems to indicate serious lack of investor interest to fund this. Really to acquire Mkango in its entirety should be nothing more than pocket change for any sizeable mining conglomerate so why have none stepped forward ? eg Glencore could buy this for peanuts.

correction "will step down on August 1st 2023".

Although the CEO did step down on August 1st he passed the baton to another very experienced guy who had been responsible for the growth in their revenue, so Im not quite sure if this could be the reason for the 6% fall in Perion's price today. I only wish Id put my money in Peri instead of this blood sucking leech of a company Tremor.

Compare the "stock based compensation" of the two. Perion completed the full year with 11570 of stock based compensation compared to Tremor of 42519 for ONLY 9 months. Despite huge increase in Perion's 4th quarter revenue and profits their stock based compensation remained at just 3.2 million whereas Tremor reported 11.526 million in their 3rd quarter alone. If Tremor fail in the 4th quarter I hope there will be some moves from institutional investors to demand some regress on these absurd share options.

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.