Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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https://aimchaos.files.wordpress.com/2021/03/mkango-resources-valuation-analysis-17.03.2021.pdf
100% ownership and twice the shares in issue with a free float of around 100 million
Should be 75p range considering the stage it’s at with bfs due imminently
The completion of the feasibility study will confirm the commercial viability of the operation. It will also, according to MKA, provide an update on the resources. The feasibility for the plant in Poland is running in tandem. With both of these items cleared it derisks the entire proposition. Also note the Malawi govt debate last week where they confirmed they were in process with the Mining Development Agreement.
What was strange reading the accounts was that it MKA only sees the Feasibility study as being the only major expense item for the 12 months to Sept 22. No actual development or infrastructure costs.
The Talaxis announcement on the swap of their 50% of Songwe to MKA in exchange for ordinaries reads more like a restructuring exercise; they said 'brings Mkango’s structure in line with peers' and 'Consolidation of assets under Mkango’s control, increasing financial flexibility'
The Talaxis (investment arm of Noble Group) holding 32.4% of the stock is significant. Noble has had a recent troubled past but is on path to complete its restructuring and will rebuild its business. Talaxis is solely focussed on REE, and Noble is focussed on Asian Commodities markets.
In short with Talaxis as a shareholder, and with the feasibility study confirming commercial viability, the MKA business will become a prized asset.
TBH, the BFS, which SENET Ltd was doing or done, has probably been completed and returned to the Board of Directors. I believe they're waiting on the licences to be granted to make the suite package very enticing. Shock and awe!
Bladey probably agree although I hope they don’t jumble all the info in one rns.
What’s stopping them releasing rutile results ? They were done like 300 years ago now. Price of the mineral is up 150% from their last rutile statement a year ago.
Lots to look forward to but why the low sp ? I mean Myles picked out a Jaffa with PRE rbs clearly showing a license agreement with mka. Why no rns?
I mean we can wait yes, days feel like weeks yes but a low sp …No thanks. We should be blast past 30p right now yet we have given up most of the gains made over the last few days.
Apologies but my holding is very large, I’m allowed to rant but there is100% some mischievous behaviour from the management going on here and I don’t like that.
Licence agreement is done practically after the parliament publicly stated it last week so why not announce other news info ?
Must admit I’m very optimistic but this is even starting to depress me. How can a new investor ( Newton) and the state government announcement not have any positive effect on the sp ?
Ahhh well. I’m not going anywhere. Really hoped to see mid 30s by now ready to attack 40p but it’s never been straight forward with MKA.
Guess it’s another day closer to news
There's nothing mischievous about the BoD mate..in fact quite the opposite, they're a bunch of well qualified nerds, not greedy like a lot on AIM Companies and determined to build a legacy company that's bound to change the future, both theirs and for all the shareholders!
The facts speaks for themselves in terms of resources, and as for the HNWI's such as Newton and M.G invested shows that they've done their due diligence, primed positions and waiting for this to also unfold. I'm sure all will come to light once the RNS's start to drop... but something bigger than we all anticipate is going on in the background all in favour of the patient shareholders IMO.
Agree bladey. I just wear my heart on my sleeve and it probably shows. I like to be honest and always see both sides to any investment storey. I don’t always paint pictures with rose tinted glasses.
All I’m saying is why do is PI have to get shafted in the process. Ok some may argue they have been here from 5p and good luck to them although judging by the way they post doesn’t show their profit talk ( mind you this needs to be like Stocktwits where you can post pictures ) we could then see our holdings.
Back to the BOD …. I don’t care who’s got what qualifications bud, we are here to make money and they need to pull their finger out, the volume for Friday and Monday had he really going but Tuesday and today it’s actually gone completely dead again so nothing really to shout about.
Takeover ? Let’s hope so because with war on the horizon and Interest rates looming these markets are not going up fast anytime soon so I would rather need comes out and we can all de-risk at 50p + and leave a decent amount to ride. For the record I hold above 500k shares here.