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My IPA - And the various contractors and employees that work at the mine - are they deferring wages? Also look up the meaning of deferring. Bargepole.
Mess of a company. Lifestyle placing to keep wages going. Bargepole.
So next news should be Q1 update which should be interesting reading given buoyent POG.
About time they updated the market. The newsflow has been non existant - which is reflected in the dire sp.
Said I would buy after the placing and will await the volatility this morning. This was always on the cards and at the heavy discount. Think they are fed up with Malawi govt. as well. WIse to concentrate on recycle.
*couple million
Couple for a share buy back wouldnlt go amiss. Anyway Not long for quarterly update. Hopefully some further corporate updates on news items as well.
MyIPA
yes I understand the formation of the comapny and Cotec, but I think, and more importantly, the market believes, that funding is an issue and imminent. End H1 is very optimistic imv. It may be that other avenues for funding are explored which would be great but eveything comes at a cost- be it a reduced percentage etc. The last raise was around this time last year £3.5 m at £0.125p. I will add when clarity is provided.
News cant be far away. Prices picking up. Heres to a more positive March going forward.
There is not a lot the Bod can say about the MDA. However, I do think the Bod should be communicating, given decline in the SP and continued speculation over funding. I have had no reply to emails to Tavistock or Bod. Yes the BoD have done good deals previously but the market is a different place now. Even a 100% uplift on a good MDA/news would only just put us in double figures.
People will speculate as to funds and this is due to the last update quarter last year:
The Company’s consolidated cash balance at 30 September 2023 was $2,279,766 and working capital was
$1,095,734. The Company is reviewing future funding alternatives to provide investment for ongoing and new
projects and to provide working capital sufficient to fund Mkango’s operations in the 12 months from the date of
signing the financial statements.
AVCT placing has certainly not helped the situation. That said the BoD are the only people with the insight as to the state of funds. The market has been tough for some time and they could have raised higher a few months ago. Im not expecing the next quarter update any time soon as its the company's 12 month year end.
Into March tomoroow and still the radio silenec continues. The lack of engagement is destroying the sp.
Two months since we last had an RNS. Given the regular news flow last year this is out of character. Must be due some news soon.
Yes nice little developing company. Pleasing if unspectacular results. Further acquisitions to follow and Vigilant cash to come in.
What are you here for Puma? thinking of buying in, shorting or just the banter?
Lets see if the sudden increase in volume at lunchtime is a portent for positive news.
Another 12 month low set today, daily red candles, mm's happy to drop on little volume, BoD not communicating. All very avoidable. I will top up once there is clarity with funding.
They need to update the market and shareholders. If there is a raise - get it done. This silence is absolutely killing sentiment - they usually pull a decent deal out, but we need communication. The MDA is becoming a fiasco but is certainly priced in. Put it on the back burner and move on. Its become too much of a distraction at present. Funding is what needs clarity.
This is desperate for any crumb of news. Come on BoD.
Beckons with seller and lack of positive news.