Member Info for Parker21212

And for us LTH's it shouldn't come as a surprise that the SP hardly moves on this piece of (again) positive news.

By now, we know that the real waiting is for commercialisation:

REVENUES =>> (POSITIVE) CASHFLOW =>> EARNINGS

Or: BUY OUT.

I would prefer the former, as the latter will probably come earlier but will leave us LTH's with a significant undervaluation vs. the ultimate potential ("leave something on the table for the next guy"). Hence my decision to sit it out as long as possible.

HyProMag and Mkango Rare Earths Secure UK Government Grant Funding

Draghi urged the union to develop its advanced technologies, create a plan to meet its climate targets and boost defense and security of critical raw materials, labeling the task “an existential challenge.”

Great post, Stebol.

interested to see what you write when you are sober ;)

Any opinions about the Malawi Stock Market?

It seems like a good thing we are no longer involved:

Bloomberg' s Energy Daily today

"Investors in Colombia’s state oil company have watched warily for two years as President Gustavo Petro tried to squelch the nation’s fossil-fuel production. They have a fresh reason to worry.

Ecopetrol SA surprised the market last month by pulling out of a $3.6 billion deal to buy a stake in Texas shale-oil assets from Occidental Petroleum Corp. Ecopetrol Chief Executive Officer Ricardo Roa said the board scrapped the deal because it required too much debt.

There was another reason, though, according to Juan Carlos Echeverry, a former Ecopetrol CEO and ex-Colombian finance minister. He said on a radio program in Bogota that Petro, Colombia’s first leftist leader, personally killed the deal.

Occidental CEO Vicki Hollub wasn’t happy.

“We thought we were done,” Hollub said on a call with analysts. “But President Petro of Colombia didn’t approve of it. And he’s made it very clear to the world that he’s anti-oil and gas, anti-fracking, and anti-US.”

A Petro spokesman declined to confirm whether the president had intervened in the deal but said the administration has “always expressed our interest in moving forward hand in hand with Ecopetrol.” "

"ConocoPhillips expects the takeover will add resources totaling the equivalent of 2 billion barrels to its inventory."

Marathon valued at U$15bn in an all-stock transaction.

Yes, I know this is a different siutation, but the 2 bn barrels sound familiar, non?

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