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This is all very interesting but the last RNS indicates we are currently the subject of a possible hostile takeover bid.

I sold out of GGP on poor EG results lol. I have no regrets just part of learning. If I held GGP now. I would sell and invest here as I have a feeling this is going places and it's MCAP is very reasonable. I think this will be FTSE 350 material in 5 years. Let's see if I am right.

If you think you sold GGP early, I held 4m that I bought for £25k and sold a happy man for £38k. Worth £1.4m now. Ouch!

This is a potentially another serious growth stock as so much going on. I have 600k here and will hold them until bad news hit. Massive quality resource. Should go far as well diversified.

This dilution is very small and to one shareholder. Therefore looks like minimal impact so share price should hold.

As to fair value it depends what they want and what happens going forward. A massive rutile discovery will add a significant amount to the MCAP. 50p would be nice but we may get a cheeky bid. The best thing MKA can do is give the Market the BFS and a permit to mine. Then we are talking big money.

The global markets are in turmoil, but I am holding firm here. An offer could land any time and I think it will be a bit more than 11.5p.

Their expert fees are not cheap and the fact they want shares in lieu of money speaks for itself. The better job they do for Mkango the more they get paid. Aligned with our interest.

Saw this RNS on my break.

Bacchus Capital has three divisions.

1. Bacchus Capital Advisers
2. Bacchus Capital Markets
3. Bacchus Capital Ventures

The RNS refers to "Bacchus Capital Advisors"

Their vision on their website

https://www.bacchuscapital.co.uk/

says they
"Provides the very highest levels of expertise in dealing with complex tactical situations, moments of strategic or financial stress, and public market M&A - in particular contested M&A and defence".

Work the rest out. Interesting times.

And if by magic the environmental minister appeared.

https://twitter.com/MkangoResources/status/1317499265367875585?s=19

Happy New Year Folks. Should be a great one.

Mining Licence gives a holder exclusive rights to extract minerals within a licence area and sell them locally or internationally. A Mining Licence shall be granted to an existing Prospecting Licence holder on an area covered by such a Prospecting Licence. If a holder of a Prospecting Licence discovers minerals in commercial quantities, he must notify the Minister forthwith and lodge an application for a Mining Licence within two months of the said notice. The application for a Mining Licence must be accompanied by particulars of the minerals found; a work programme; environmental report; the amount of capital to be invested, operating costs of the mining activities, revenues and financing projections; and local content requirements reports. The local content requirement report must indicate the procurement of local goods and services and the employment and training of citizens (skills transfer). For a Mining Licence to be granted, an environmental impact assessment (EIA) must be carried out according to the Environmental Management Act of 2017. Due to the nature of mining activities, Mining Licences are granted for a period not exceeding 25 years with an option to renew for a period not exceeding 15 years Applications for renewal must be made a year before the Mining Licence expires and must be accompanied with a work programme as well as a financial statement.

Does anyone know if an EIA has been carried out?

For my final post if the year here, let me leave you something to read.

https://ritzattorneys.com/the-mining-licencing-regime-in-malawi/

In particular you will see that if the rare earth discovery is deemed to be commercial the mine permitting process will be well underway which explains the recent ministerial visit. Just my point of view, nothing more.

Read this.

Yep sure it's RiO and spending Xmas at home like all of us. :(

I am staying put. May regret but the upside here is very large. It's all a game of risk and the odds here are good. Switching off now here as I have to help with Christmas. So Happy New Year folks. Let's hope 2021 is much better all round.

I was going to derisk but something told me to hold. I think I will let this go for a bit longer as the potential is unusually massive

Unbelievable

Joke yes.

Exciting enough No.

Hold for rerate

Great RNS but I guess the market is waiting for some kind of return. I.e. dividends or share buy back.

Nice to see TRIN heading down the green route.

The volume here is very low. I suspect MM's are bringing this down to create business. This time is always slow unless news hits. It is a good time to buy into shares like this as it usually bounces in Jan.

All the hallmarks of being a FTSE 350 companies in 5 years time. Just buy and hold.

Spikes always retrace. This is much better.

Cannot see any trades

https://www.otcmarkets.com/stock/BLLYF/quote#trade-data