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I can't see Malawi being able to just put it out to the highest bidder, is that even possible with the $14m already invested to get us to this stage?? Sounds a bit pie in the sky McDrivel. That said, this is becoming a little frustrating to say the least.
Certainly feels that way... snails pace doesn't do this justice. It does make you wonder what the BOD are doing, or have been doing for the past few months. Hopefully a lot going on behind the scenes and its close. On the other hand, maybe they're just sat around scratching and sniffing their butt holes. My best guess is Malawi have conceded a few sticking points and agreed to change a law or 2 which would take time... but that's a finger in the air moment.
Https://www.nyasatimes.com/chakwera-says-malawi-is-next-biggest-investment-destination/
This extract from RNS a few weeks ago suggests otherwise, and that things are indeed moving forwards.
"Philipa brings a wealth of experience to the Board and her background in sustainability, health and safety will be of enormous value to Mkango as we progress the Songwe Hill project in Malawi and our recycling business in the United Kingdom, Germany and the United States. We particularly look forward to her contribution as Chair of the newly formed Sustainability Committee of the Board. Sustainability has deep roots in Mkango's corporate culture and is a key driver of our success in Malawi"
I think short term we can expect a new Joint venture announcement in the US with Cotec, 3 recycling plants granted up to the hilt with US money. (Well.. that's what I'm hoping for). As for the MDA, who knows... if it comes fully funded then boom... could be Monday, could be a few months, maybe there is a lot more going on than meets the eye. Even down here I'm quite excited, I'd love MkA to come up trumps, if only to put a smile on Silvermaples face! :)
LWHL, I for one have no interest in the shares you have gained or lost on, they have absolutely nothing to do with this company. We're all grown men/women here, we roll the dice and take the risk, if it was dead cert it would be a quid. Find me a better AIM share to chuck my money into and I'll sell immediately.
Let's not forget what Julian Treger was up to before Cotec:
Mr. Julian Treger was previously the Chief Executive Officer of Anglo Pacific Group Plc.
During his tenure at Anglo Pacific Group, he executed $450 million of acquisitions, transforming the business from a coal-based royalty business to a battery focused streamer, at the same time increasing income from £3 million in 2013 to close to £60 million in 2019 pre-covid.
I'd say we're in pretty good company here!
Absolutely no way the yanks don't take this up.
M-U-L-T-I-B-A-G-G-E-R
Cheap as chips now, huge deal and makes this company so much more appealing. Real re-rate and derisking will come in a month or so when Cotec bottom out a 3 plant deal with US backing/funding/grants, there will be an open cheque book for this type of tech. Watch this space!