Member Info for Parker21212

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

We haven't seen this volume for a while. Nice, though not spectacular increase in SP. I would expect TA experts to give a seriously positive interpretation of today's move. We'll see 12.50p (Will's price not long ago) very soon.

And that will only be the start of of a major, major move (40, 50ish?)

AIMHO off course.

Thanks for posting. Yes, interesting question.
Meanwhile, CoTec (CTH.V) racing ahead: Yesterday 10%, more than a week ago C$0.40, now C$0.55. Ok, still tiny afa mkt cap, and volume also thin, but nevertheless.

Hi Neil,
thank you, good summary. However, it seems the insiders' sale at >p120 also "helped". And as much justification there may have been from the perspective of the sellers, to me this action still remains "unfortunate".
As far as the "too good to be true" argument goes, I'd like to say this:
as a non O&G expert (far from that!, my background is > 50yrs professionally active in financial markets) perhaps a faster road from discovery (be it a giant one!) to cashflow was expected. As has been explained clearly & convincingly many times by all our O&G expert fellow shareholders -on this board and on the other one- , it should not come as a surprise to see technical problems, most of them unexpected but not insurmountable. In that respect, yes, I would have to admit that it was "too good to be true".
Also I have the impression these people had a fairly good guess about how the interpretation of the relevant RNS's in the market was going to be (so not the interpretation of the technical content itself of these RNS's).
All in all, yes, they were mainly right for the wrong reasons, unfortunately.
And, if I may add, not a pleasant bunch of people

GLA to all PANR LTH's and BoD

Sorry to ask, but what is it I don’t understand?

10% of Maginito valued at £1.5 mln, i.e. £15mln for 100%, by a company with a credible track record. ==> the remaining bits HyProMag and Songwe Hill - the latter with an estimated NPV of U$559mln, IRR 31,5% as per DFS August 2022 - (not to mention the rutile stuff and other), are valued at, say, £10mln.

Dim witted?
Or is just the lack of interest for AIM stocks, and for that matter, for small caps in general?

Yes, we have to admit, the MDA takes a very long time to arrive, but it certainly will, and hopefully not in the too distant future. And Will's purchase of 800k a few weeks ago should give us a lot of confidence in that respect.
There is much at stake; of course for us MKA shareholders, but even more so for the Republic of Malawi.
And almost superfluous to mention, the urgency for the West to secure an independent source for these RE’s.

My scenario is still as follows:
1. MDA
2. soon followed by funding arrangements
3. once 1. and 2. are in place the Management will then have a strong foundation to present their case to HNWI’s and Institional Investors.

Only a matter of time, a few months at the most; if earlier, so much better.
A multi-multi bagger if ever there's been one.

GLA

I would consider that a piece of (very?) good news

How America plans to break China’s grip on African minerals.
Sorry, it's behind a paywall. I suppose it doesn't mention MKA, but it probably confirms what we know already. Nevertheless, if someone here is a subscriber, maybe he/she/it could post it?
GLA

CEO Will Dawes buys 800000 shares avg 12.85

Well, someone just paid C$0.345 (+18.5%); equivalent p21.01.
Admittently, low volume: 23000 total so far

ok, thanks Louis. Then I might give it a try; haven't read War & Peace for a long time ;)

Hi Louis,
First lines sound interesting, but then, paywall.
I've worked in and been involved in financial markets since 1969 so I've seen quite a bit (lesson 1) humility; lesson 2) expect the unexpected ; only then followed by fundamentals and, yes, also TA) and I recognise what he is saying in his first paragraphs. Would be tempted to read further, seems to be quite a long story. But then....
Does he also talk about PANR?

webinar tomorrow

To keep it silly, since it would be my dear late mothers birthday, I'm with you on 221222

At least Cotec is moving, and it's moving in the right direction: +18%.
We -or is it Malawi?- seem to be in hibernation......