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It’s tough to watch this drift it really is. My heart goes out to anyone trying to do business in Africa. A place that has been pulled between east and west for decades. A place of so much system and cultural corruption. I invested here because I thought Malawi was different. The jury remains out. The longer this goes on my mind is starting to play tricks. Are they playing us off against China/Russia/anyone else? Is this MDA being used as leverage? None of us have a scooby. At the very least it’s good to know some of the board have their plums on the same block as us.

And the buys got bigger. 13k and 23k toward close. The nag is pulling..

There seems to be movement again here with smallish buys flooding in. 7 month pattern is actually upward despite the retraces. This is itching to go now and with the hypromag presentation yesterday the sentiment is only widening. Malawi has pens in hand to light the touch paper. Whether it’s a buy out or a finance, the opportunity for scale is astonishing. What a share to be in. Come on Chakwera, let’s put some good news out in a bad news world.

So, it seems a red Hill sold their 40% stake in the red hill iron ore project for 300m (sterling) in 2021. Announced in June, executed in September. Between April and sep that year the SP went from 0.5 AUD to 5.35 AUD. Does anyone know what volume of iron ore that project equates to, and so what sort of asset their 40% stake reflected? We do seem to hold really similar potential here, one would hope. tt

Cheers, 5/5

Apart from Fenix, does anyone have a good couple of comparison for companies on a similar journey to us, but who are a few years further along? Companies of a comparable size who have gone on to produce DSO at similar volumes to that which we’re projecting?

Ha! I thought that was a bit fecking random. Painful to see this fester down here. I think this is such an interesting company but absolutely nothing is set in stone until Malawi give us the go ahead. And frankly that is still uncertain. Just imagine trying to do a deal of this size in Africa. If they get it over the line we all deserve the rewards.

Has Will.I.am bought into Mkango??

On the month, the trend is good. Moving north despite the retraces. Let’s hope it keeps creeping ahead of news as I could do with getting nearer my average of 30 before MDA.

I feel a move coming on here. Just a feeling, but it feels poised to attack 17p.

Hopefully, given the lag still between now and MDA more people will see this as a buying opportunity. Price is still a gift considering. Still time to get on board before we leave for the 30s/40s..

My feeling is MDA within two weeks. Well done all. How do you like the sound of being an investor in “Africa’s first large scale rare earth’s mine” at this particular time in history. I like the sound of it very much indeed. 17.5p today at finish.

Anyone with sense and money. This is gagging to break out. MDA, finance, logistics, perfect storm timing. I don’t expect fireworks immediately, experience tells us the market is modest atm. But once this gets going it’ll take its rightful place with it peers. IMO 20p on MDA and possible retrace, with a steady climb beyond 30p over the summer. Possibly 50/60p sometime this year.

15 grand paid at 15p.

Buy action starting to heat up again. News inbound. What a moment for this company. Come on Chakwera let’s dust off that quill and ignite Malawi’s role in the green energy revolution. News within two weeks I feel. GLA

You’re certainly expect so. I’m bracing for anything up to three weeks for news. And I don’t expect fireworks anymore. If the MDA lands and the terms are good I expect a very modest climb back to 30p. Still, exciting times here. GLA.

Great spot. Thanks for posting. Anyone care to hazard a guess at what impact this MDA will have on the sp? Still a lot of Infrastructure and permissions to land. Could be a slow climb.

Just look at our peers there and consider our SP against theirs. Scope for upward trajectory? I’d say so. Thanks for sharing Lewis.

Anyone know why the share price isn’t showing today? Can’t get it on yahoo, here or Google?

Good find Lewis. The signs remain positive. Hold. I literally have no idea when Chakwera and Co will dust off their quills but I’m damn sure not going anywhere. The headlines are absolutely tantalising. What a precipice Africa stands on if it proves it’s ready to play ball without the bull****. Highly recommend a book called White Malice. The history of Ghana’s biggest uranium mine and the CIA makes for some fascinating reading. History absolutely repeats. Let’s hope the we aren’t being played off against the Chinese.