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Discounting a U price of c45!
This is a screaming buy!
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And NOTHING IS UP.
It’s a SALE
I am not saying instead of Pensana. I am saying together with Pensana.
The valuation delta is just too wide.
Have a look.
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I am a happy owner of Pensana.
But this is the time to allocate capital to Mkango.
MKA Share price correction offers EXCELLENT entry point.
Trading at 4% NPVe on integrated mine + separation, at spot NDPR.
=> LESS THAN HALF the multiple peer Pensana (PRE) trades on. - Expect discount to PRE to close - BUT MKA
And for those who fear a raise.
I would love for a raise.z they would raise at a massive premium to current share price; and it would put to bed this idiocy.
They have a resource which is getting larger, they have URANIUM - a super hot sector: look at Malawi uranium player Lotus Resources market cap.
This is totally insane valuations, and don’t miss the chance to buy this here!
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I just added c£10k at 18.
This is DIRT CHEAP.
Nothing is up. It’s aim idiots fearing a falling share price. They sell on a sale.
MKA Share price correction offers EXCELLENT entry point.
Trading at 4% NPVe on #rareearths integrated mine + separation, at spot NDPR.
=> LESS THAN HALF the multiple peer Pensana (PRE) trades on.
BOMBED OUT VALUATIONS - Expect discount to PRE to close.
Major investor in Getech S Hawthorne added yesterday to his stake - raising his holding by c+1.5pp to 9.5%. This more than offset trim by other shareholder BGF (-0.8pp).
Recall, Hawthorne has been spot on in his purchases and importantly, their timing.
No doubt he is smart and clued on.
Getech remains one of by biggest conviction buys. It’s perfectly placed for the current macro of 1) high oil&gas prices, 2) energy security concerns 3) critical minerals security and access concerns. BUY
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In contrast Antipa just tripled their 100% owned Paterson Minyari resource to 1.8Moz.
That alone worth at v least 2x current mcap - then add their JV with Rio, Citadel resource…
“The more we see the more we like about Corcel, which looks to be rapidly coming good but as yet the market continues to still not reward this progress. By any yardstick, we believe this company is materially undervalued. As we set our in our full detailed note, it is apparent that there is frankly negative value for the company’s PNG assets which have world class nickel & cobalt reserves. News is due on the Mambare mining lease renewal, the all important JORC resource upgrade and, per recent RNS’s – progress on the potential farm in of a partner at Wowo Gap. Any one of these key value inflection catalysts would be transformative for equity holders.”
Report link :
http://www.alignresearch.co.uk/corcel/corcel-deal-signed-develop-project-pipeline/
And I certainly wouldn’t take the market reaction as something of any meaning - this is a totally inefficient market populated by amateur retail traders.
People are not even aware this company has lithium!
It’s completely under the radar.