Share Name Share Symbol Market Type Share ISIN Share Description
Mkango Res LSE:MKA London Ordinary Share CA60686A4090 CMN SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +3.45% 3.75p 3.25p 4.25p 3.75p 3.625p 3.625p 35,088.00 08:25:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 2.66

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Date Time Title Posts
29/11/201618:05MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)153.00
14/11/201609:58Mkango Resources98.00

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Mkango Res (MKA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:20:274.2011,000461.99O
08:25:213.9724,088956.29O
08/12/2016 10:00:483.4550,0001,725.05O
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Mkango Res (MKA) Top Chat Posts

DateSubject
09/12/2016
08:20
Mkango Res Daily Update: Mkango Res is listed in the Mining sector of the London Stock Exchange with ticker MKA. The last closing price for Mkango Res was 3.63p.
Mkango Res has a 4 week average price of 3.04p and a 12 week average price of 3.79p.
The 1 year high share price is 6.13p while the 1 year low share price is currently 2.25p.
There are currently 71,055,348 shares in issue and the average daily traded volume is 236,736 shares. The market capitalisation of Mkango Res is £2,664,575.55.
22/11/2016
09:15
sweet karolina: The conditions under which the directors get paid include if they manage to raise more money eg though a placing. The company has a tiny amount of money to see it through 18 months, which is not enough to actually pay directors and not enough to do any work of the project. It will cover Nomad, Broker, PR fees, office rental, Mining Maven ramping events and travel to go an talk to anyone who will listen to a pitch about doing some form of JV. The renewal of the licence may well have brought minimum expenditure conditions which bust the tiny budget. Try asking Will why the extant licence end dates were not included in the admission document and what the conditions on the extended licence are. In this case directors remuneration is not particularly excessive, unlike a load of AIM lifestyle companies. The company has gone from year to year with an emphasis of matter regarding going concern included in each annual report. They are therefore quire expert at living on a shoestring and diluting shareholders on a regular basis to keep the show on the road. Fundamentally the problem is they started out without the money needed to get the project to the PFS stage. In a number of ways you have to admire the directors for getting this far, they have worked very hard for very little reward, but have lost investors a lot of money in the process. Ultimately this extract from the admission document speaks volumes: "At present, only one other mining company in Malawi has secured a full Mining Licence from the Malawian Government and thereby brought a mine into the full production stage." The Chinese are primarily interested in securing the raw materials China needs. As China is the major exporter of REE this motivation is not there. The Chinese are a nightmare to deal with as there are a whole load of government approvals needed before any money appears. So many of the resource companies I have looked at that have been involved with "the Chinese" have come to grief one way or another. Having talks and meetings mean nothing, one hopes they are having talks and meetings all the time, though after over 2 years of having talks and meetings it must be getting harder to find people they have not already spoken to who have the deep pockets needed and might be interested in chancing their arm in Malawi. If the talks and meeting were to move to a formally announced due diligence phase and that was with the Chinese, the best thing to do would be to sell on the share price spike. But do not hold your breath for that announcement.
11/9/2016
14:09
oilbuy: Chart is simply the use of historical data. Hard to use to chart on this one, however the share price sits on the point of support which has been tested several times. Next week it might just break it !
11/9/2016
10:29
andy: overthebridge11 Sep '16 - 01:45 - 26 of 26 0 0 Shares don't need news to go up or down. ------- Interesting comment, why do you think they go up or down then? Maybe a paid for tipster tips them somewhere, but that only lasts for so long before everyone sees the king isn't wearing any clothes. "how would a jv rate the share price? " Err, wouldn't that be news?
11/9/2016
00:45
overthebridge: Shares don't need news to go up or down.but how would a jv rate the share price? Either way it's building support and getting interest. Won't be 5p for much longer imo.gl
08/7/2016
12:00
dice1950: Mkango Resources Ltd (AIM: MKA) Posted 07/07/16 http://www.investorschampion.com/blog/entry/june-2016-aim-new-arrivals Mkango is a Canadian dual TSX-V and AIM listed mineral exploration and development company focused on rare earth elements (REE) and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as “the warm heart of Africa”. It holds through its wholly owned subsidiary Lancaster Exploration Limited a 100% interest in two exclusive prospecting licenses in southern Malawi. The market cap on AIM Admission on 15th June 2016 was a modest £2.8m at a share price of 3.30p since when the shares have soared more than 40%.
16/6/2016
09:30
andrbea: was worth a lot more previously.... article: If AIM punters feel hard done by, they should spare a thought for their Canadian counterparts. Mkango Resources, a company hunting for rare earths in Malawi, has felt the strain on the TSX Venture Exchange in Toronto and is set to dual-list on AIM tomorrow. Its share price has crashed 97% in five years. hTTp://www.standard.co.uk/business/market-report-ocado-at-threeyear-low-as-amazon-s-debut-threatens-a3271406.html
Mkango Res share price data is direct from the London Stock Exchange
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