Mkango Resources Share Discussion Threads

[zubes] 05/6/2017 10:45

Very fortunate to have such caring and charitable individuals on this board looking out for the unsuspecting. Show of kindness that's rare in this game.. ...

[andy] 04/6/2017 23:42

The "king of the castle"?

Or B & B?

[escapetohome] 04/6/2017 21:47

Yup im thinking chris goldoil

[andy] 04/6/2017 18:55

Escape,

Good question, is he?

One suspects that he may have a chance to average down in a forthcoming placing!

[escapetohome] 04/6/2017 18:40

Some investor took a stake in this share of around 3 - 6 percent, but didnt time the investment well.

Is he the conman?

The share price is now much much lower than that investors buy price?

[cyan] 04/6/2017 18:03

I will put my cards straight on the table; I am posting here because there is a notorious conman pumping this share; guess who?

[dingo75] 04/6/2017 16:02

All NR exploration companies are funded by placements and subscriptions - it's the nature of the beast.

This has a NPV on one REE project Songwe of $350m and a Uranium project that is just getting going on the exploration.

For the £2m market cap the risk/reward is very favorable, the REE market will only get stronger as we go forward.

Be wary of 'interested' parties who suddenly come on a BB and de-ramp.

As someone pointed out previously, a certain bitter individual or two or tipsheet is around this share.

Usually a v good sign.

[cyan] 04/6/2017 15:00

With high risk mining exploration there remains a significant risk of total failure; complete loss of your investment.
Beware of individuals ramping this share.
Could be they believe in the long term prospects; could be they are hoping to turn a fast buck, or even pumping in a desperate move to dump before.........?

[escapetohome] 04/6/2017 12:31

Thanks Cyan

Didnt know that about Noble, interesting.

I punted a £600 in this one , i may not have actually caught the bottom.

At this market cap , how much is priced in.

At worst im hoping the share price doesnt go below previous low.

AIM CHAOS seem very keen on this one and have published a research note.

[andy] 04/6/2017 11:10

escapetome,

I suggest you read this:




Noble have some issues which may limit their participation in other projects, IMO.

[cyan] 03/6/2017 22:41

You have the right attitude escapetohome; this share is clearly just a high risk gamble. Invest only what you can afford to lose.

Time is getting a little short for this company IF its to attract a partner. They are not in a position to haggle great terms with their very weak financial position.

[escapetohome] 03/6/2017 21:49

Noble is one of world's largest commodity traders and the largest in Asia, with a presence throughout the region. It is listed on the Singapore Stock Exchange with a market capitalization of approximately US$1.5 billion.

Source MKANGO - 2016

[cyan] 03/6/2017 11:35

Without a partner it appears a fund raise is an absolute necessity.

A tough business. Will have to wait and see; toss a coin; heads, a partner saves the day, tails , and its more dilution.

[andy] 03/6/2017 10:59

escape,

Noble aren't in such good shape themselves at the moment!

[andy] 03/6/2017 10:57

cyan,

If that burn rate was maintained, $337,000 equates to approx £230,000, which isn't a lot, and if that is the case an imminent placing or other dilution must surely be a strong possibility?

I was looking at the chart and wondering why the sudden fall, I wonder if a raise is already underway?

[escapetohome] 03/6/2017 10:35

Who knows what the NOBLE group partnership will through up?

A stratetegic investor no doubt? A source of funding?

[cyan] 03/6/2017 10:09

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2017, the Company had a working capital surplus of $564,532 (December 31, 2016 – $782,327).

So, in 3 months the working capital shrank $217,795. What will be left by the end of June? At this rate there will be nothing left by the Autumn

hxxp://www.mkango.ca/i/pdf/fs/FS-Mar-31-2017.pdf

(vii) Share issue costs of $276,888 were paid for agent and legal services and regulatory exchange filing fees. The Company incurred a total of $451,596 in connection with its listing on the AIM.

Expensive business being on AIM.

[escapetohome] 30/5/2017 11:53

Good Afternoon Cyan

A gamble

Will rare earths take off?

Commodities rising, unusual metals and elements ticking up

Buy when investors are most doubtful sure indicator of """INVESTORS""" having been mugged and a chance of rebound

[cyan] 30/5/2017 10:55

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2017, the Company had a working capital surplus of $564,532 (December 31, 2016 – $782,327).
The Company completed its Qualifying Transaction on December 20, 2010 and raised $5,631,076, net of share issue costs. The Company raised a further $2,114,650, net of share issue costs, as of December 31, 2013 through a second equity issue. The Company raised a further $1,806,075, net of share issue costs, through a third equity issue, which closed in two tranches on March 24, 2014 and April 3, 2014. The Company raised a further $785,896, net of share issue costs, through an equity issue, which closed July 31, 2015 and on October 20, 2015, the Company raised $194,267, net of share issue costs, through an equity issue. On June 15 and December 30, 2016 the Company raised a total of $1,141,312 net of share issue costs, in connection with its listing on AIM and a further placing. The operations of the Company are currently being funded by the net proceeds of these fund raisings.

The Company’s strategy is to further advance the projects via research collaborations, marketing and off-take agreements, joint ventures, financial and strategic partnerships. Since the Company does not expect to generate any revenue in the near future, and in the absence of a joint venture or partnership to further fund exploration and development of the assets, it must continue to rely upon
existing cash resources, potential research funding or grants and the sale of its equity and/or debt securities to fund its operations. There can be no assurance that such financing will continue to be available to the Company in the amount required at any particular time or for any period or, if available, it can be obtained on terms satisfactory to the Company. The circumstances that could affect the company’s ability to secure such funding that are reasonably likely to occur are, without limitation include the state of the capital markets and the prevailing market prices for commodities, in particular the prevailing market prices for REE. The outlook in
relation to these factors could change at any time and negatively affect the company’s operations and business.
Other than as disclosed herein, the Company is not aware of any trends, uncertainties, demands, commitments or events, which are reasonably likely to have a material effect on the Company’s business, financial condition or results of operations.


Here is a heads up warning in the above ;

"Since the Company does not expect to generate any revenue in the near future, and in the absence of a joint venture or partnership to further fund exploration and development of the assets, it must continue to rely upon existing cash resources, potential research funding or grants and the sale of its equity and/or debt securities to fund its operations."

Looks to me like a risk of more equity being issued.

[cyan] 30/5/2017 10:45

Good morning escapetohome.

"Im in small purchase today."

Why?

What good news is there in this reading?

[escapetohome] 30/5/2017 08:48

Im in small purchase today.

[zubes] 24/5/2017 10:18

This is going down well

[soulsauce] 24/5/2017 08:32

andrbea samples look decent but the company have taken a very long time to do very little with the last placement monies. May be that is why.
So what now another raise and then take another 6months to drill? May be I am being a little critical?

[andrbea] 24/5/2017 08:25

top riser, no posts...