Mkango Resources Share Discussion Threads

[thelung] 04/2/2019 08:03

Read the rns ffs

[jarega85] 04/2/2019 07:42

Publication of the NI 43-101 Technical Report - How long will the report take from here?

[tutthetrader] 04/2/2019 07:23

Boom Time....

[lauders] 27/1/2019 01:57

Searching in the RNS section of the company's website for "Directors dealings" shows:

1) London / Vancouver: December 5, 2018 - Mkango Resources Ltd. (AIM / TSXV: MKA) (the "Company" or "Mkango"), the rare earths exploration and development company focused on Malawi, has been informed that Derek Linfield, chairman of the Company, has purchased warrants over 3,333,333 common shares without par value in the share capital of the Company. Mr Linfield acquired the warrants, which have an exercise price of 6.6 pence per warrant, at a price of 2.4 pence per warrant (implying a value of 9p on the underlying share).

Derek Linfield has purchased these warrants from Mr. Christopher Williams who has, at the same time, sold the balance of his holding of 3,971,970 warrants to existing common share holders in the Company also at a price of 2.4 pence per warrant.

2) London / Calgary: September 12, 2018 - Mkango Resources Ltd. (AIM / TSXV: MKA) (the "Company" or "Mkango") has been informed that Derek Linfield, Chairman of the Company, purchased 100,000 common shares without par value in the Company ("Shares") at a price of C$0.18 per share, and Susan Muir, a non-executive director of the Company, purchased 12,000 Shares at prices of C$0.18 and C$0.185 per Share.

Following this transaction, Derek Linfield holds a beneficial interest in 1,806,228 Shares which represents approximately 1.65 per cent. of the Company’s issued share capital.

Following this transaction, Susan Muir holds a beneficial interest in 12,000 Shares which represents approximately 0.01 per cent. of the Company’s issued share capital.

As TheLung says the subject was also discussed in earlier posts too. Posts 888 and 899 in particular with the links included in them.

[thelung] 26/1/2019 23:07

Jarega85, if you bother yourself to read even just the previous 48hrs of posts you'll get your answer....

[simoore89] 26/1/2019 12:47

Dawes and lemon both own 17% of Leo mining which owns 7%.. so they would own more than that

[jarega85] 26/1/2019 08:39

Sorry, CEO, CFO and President have total shares of 20k? Is that it!!?

[goodbloke1] 26/1/2019 08:08

When is the next news due.I believe the funding and drill results but when?

[thelung] 26/1/2019 07:57

Don't deliberate for too long, you'll miss take off

[mr. t] 26/1/2019 07:43

cf456, thanks for the info. It's hard to find source data, but the aim admission doc does confirm that the CEO and President have major interests - a good sign.I've taken a small starter position while I research more. There looks to be a lot going for mkango.

[cf456] 25/1/2019 15:33

"#MKA topped up again today. Make no mistake we have a textbook buy setup forming with a high probability target of 14.50-17p imo. Its currently making a higher low at the top of the triangle and could move up at anytime imo. Near term news catalyst. Strong Buy!!!"

[cf456] 24/1/2019 19:17

Mr. T

With regards your post 888....

"On shareholdings, according to the below see the CEO, CFO and President have shareholdings totalling about £20,000:



I'd have expected them to have a greater shareholding given the attractiveness of Songwe Hill and the successful 2018 drilling program. Have you an idea why they don't invest more (In the 9 months to Sep 18 Director & Officers salaries were $500k, so they should have the money to invest)?"

---

...the figures on Morningstar seem to differ significantly and state that William Dawes (CEO) has 8.03% and Alexander Lemon (President) has 7.87%. If this is the case then they're certainly well aligned with shareholders.

[cf456] 24/1/2019 17:20

➡️£7m for Songwe plus £1m for magnito
➡️Long standing Warrant overhang put to bed- chairman takes out over 3m.
➡️Richard Sneller head of emerging markets @ Baillie Giff recently taking over 5% ➡️Other assets totally overlooked. Uranium Nickel Cobalt etc

#UPSIDE

[cf456] 24/1/2019 17:18

Dip buyers tempted in today by the looks of it.

The price can move pretty quickly here.

Near term catalysts in place to help drive the price higher.

[grandmasterglitch] 24/1/2019 13:27

No worries Mr T.

Another thought,company are confident of concluding resource update and Talaxis investment this quarter. If we assume Talaxis take the full 57 days to cough up then the resource update needs confirming next week.

Would tie in with a couple conferences they are attending.

Wait and see.

[mr. t] 24/1/2019 13:10

grandmasterglitch, you're right about those warrants expiring in June - thanks for pointing it out. That adds further weight to Derek Linfield's purchase.

[thelung] 23/1/2019 22:26

HunterD
@confluencetradr
Text book BUY entry has emerged on #MKA with a symmetrical triangle breakout play while price is above all important moving averages on the daily, weekly and monthly charts. Hence this trade carries a high probability of hitting 14.5 - 17p in the short term imo. Strong Buy!!!

[grandmasterglitch] 23/1/2019 20:16

Mr T, don’t those options expire mid this year, meaning the Chairman will have to convert before the date you are questioning might be an issue for Talaxis investing the larger amount?

Could be wrong on those dates, I’m fairly sure they expire June time though.

Also note this isn’t a one trick pony, there’s other assets that they are looking to bring into play this year without any dilution, either via a JV or similar funding as Talaxis. The sharetalk q&a mentioned this.

The company are really good at communicating if you have concerns, for me they appear to be doing everything correctly with good results, whilst not wanting to come back to market to dilute us investors.

Looks good to me, but then what do I know. Good luck.

[cf456] 23/1/2019 19:21

Emailing the company probably the best way to find out. Everyone has different circumstances and if directors haven't yet invested heavily, it's still quite possible that they will do in the future.

Whilst seeing multiple large director purchases would be ideal, the recent Chairman purchase is a good start. He is willing to risk £80k of his own cash and potentially much more. That to me is a positive signal and shows a willingness to align with shareholders. Maybe other directors will purchase in the weeks ahead. That would be even more bullish.

[mr. t] 23/1/2019 19:02

cf456, thanks for your reply. I appreciate the rns says equivalent of 9p, but so far he's committed 2.4p for options. I agree £80k is not a token amount, and I agree the Chairman will invest more if the Mkango is successful.

I asked you about the directors' shareholdings as you'd brought up the Chairman's investment - I thought you might have looked into the other directors support for the company too. If you haven't looked into it then fair dos.

I'm not short, but am considering investing and am doing due diligence. I think my questions are completely reasonable for a potential investor to ask. I hoped other investors would have considered them and could give me answers to help me out. If not, then I may email the company.

Thanks again for your help.

[cf456] 23/1/2019 18:34

Equivalent of 9p taken directly from the RNS.

"Mr Linfield acquired the warrants, which have an exercise price of 6.6 pence per warrant, at a price of 2.4 pence per warrant (implying a value of 9p on the underlying share)."

£80k is much more than just a token amount. And if Mkango is successful and he exercises the warrants then he will be investing very much more.

As for the other directors, you could always email them and ask directly. That would be the easiest way to find out.

Or perhaps you're short or looking for a lower entry price and just trying to sow the seeds of doubt in other investors.

[mr. t] 23/1/2019 18:00

cf456, I agree the Chairman backs Mkango. Although I think the reference to investing at the equivalent of 9p a share is misleading. He's bought warrants at 2.4p a share, investing £80k of his own money. If Mkango is unsuccessful that is all he's invested. He'll only execute the warrants if it is worth his while, so it's a low risk investment he's made compared to what you or I have to do if we buy the shares outright.

On shareholdings, according to the below see the CEO, CFO and President have shareholdings totalling about £20,000:



I'd have expected them to have a greater shareholding given the attractiveness of Songwe Hill and the successful 2018 drilling program. Have you an idea why they don't invest more (In the 9 months to Sep 18 Director & Officers salaries were $500k, so they should have the money to invest)?

[mr. t] 23/1/2019 17:46

dingo75, can you provide evidence to support your post? All the rns I've read say Talaxis has an option, not an obligation.

E.g.

"Talaxis will also have the option to acquire a further 26% interest in the project by arranging funding for project development."