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Yes, interesting.
No further explanation?
Followed by all £10 worth of stock firstb thing the next morning (this morning)
Federal government (Australia) to invest AUD840m in Arafura rare earths ...
Well, different situation, I know, but nice to have this kind of support from youe government
Cbaron: yes, found it, never knew it was there. Many thanks for pointing out
Thank you Grumpyscouser.
My memory says some 14 mln short, Is that position still unchanged?
Yes, and Cotec up significantly as well.
But then , both on tiny volume.
Nevertheless, very interesting.......
Where is the news??
Cristalball, also Finton, LWHL
Exactly, thank you for youe post, feeling the same here.
This is the reason I raised the question whether someone has an objective opinion (or valuation or guesstimate or whatever) on
MKA ex Songwe
as well as
MKA incl Songwe
If £2mln CLN equates to 10.6% of Maginito, then that values 100% of Maginito at £18.868 mln, correct?
MKA owning 79.4% of Maginito: £14.981 mln
Current mkt cap MKA £21.300.
So all the rest :
“ its flagship Songwe Hill rare earths project ("Songwe") in Malawi with a Definitive Feasibility Study completed in July 2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023…..
…. a rare earth separation plant at Pulawy in Poland (the "Pulawy Separation Plant") to process the purified mixed rare earth carbonate produced at Songwe Hill.
…. an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.”
valued at £6.320 mln.
Sounds ridiculous to me.
Or is this too simple?
And remember, the night is always darkest just before dawn......
As to WD: I'm sure he knows what he's doing (with his cash as well)
GLA
Or someone losing patience?
RNS:
MKANGO SUBSIDIARY, MAGINITO, AND COTEC FORM US JOINT VENTURE
Hi Scot126,
Good to see you back !!
Investors Flock to Battery Recyclers in Hunt for Climate Law Winners
The new investments come despite market turbulence for clean-energy startups (WSJ)
I think it could be much, much longer than since January. In my memory we are waiting since September 2021.
Btw, C$0.80 marks a new high for the last five years
If my memory serves me right, as of today we're going into the third year of waiting for the almost immediately, imminently and very, no, very very soon to be expected MDA...........
It's a good thing MKA is not a one trick pony, with the recycling and processing business soon (yes, again soon, or at least sometime this or next quarter) to begin to take off.
Don't get me wrong, I still have 100% confidence in Will, who bought £100k worth of shares in the open market not so long ago, and Alex and the other board members. But it would be nice to see two valuations, or better three:
1) SongWe plus MDA
2) Maginito, HyproMag etc
3) 1) and 2) combined
Any views, expert or otherwise?
Meanwhile, CTH.V still going nicely. Last night C$0.80, up C$0.03 or 3.9%
Well done Mr Hobbs !!
Interesting news from CTH.V (C$0.68, +C$0.02).
One of their participations Ceibo managed to secure funding from BHP Ventures, subsidiary of one of the biggest resourec companies on the planet.
Although no direct relation to MKA's underlying business, it seems we're in good company with these guys
Thank you, I'll check it out
Many thanks for posting, sounds very good, but....
"Meanwhile, the Government of Malawi has signed agreements with mining companies such as Global Metals to operate in Nyika in Mzimba district, Sovereign Mining to be extracting graphite in Malingude, Lilongwe, Mkanga Mining in Phalombe and Lotus which is set to take over Kayelekera Coal Mining.' "
Is this a stupid question: we are indeed in Phalombe, yes, but the name of our company is Mkango Resources, not MkangA MINING. We are talking about one and the same company, are we?
Or is it just a matter of wording, and do they really mean Mkango (and are we LTH's going to be very rich very soon)?
Anyway, very eagerly awaiting the next couple of weeks.
GLA
Crumbs: "news of significance."
very much agree, news of significance either positive or (hopefully not) negative
Up 12% on 70k vol