Mkango Resources Share Discussion Threads

[jbilt2004] 17/10/2016 07:46

criminal market manipulation is an offence under sections 89-91 of the Financial Services Act 2012

[andy] 16/10/2016 11:42

overthebridge,


Interesting response from the 'dubious' one! :-)


This bit interests me:

"but it has come to the point where it is now in the interests of our clients and our company, Jub Capital to try to set the record straight as it seems the FCA and even the police seem unwilling to take any action."


Why is he going to the FCA and police?

I don't this is a case for the FCA, and what does he expect the police to do?


There is a simple remedy, which he must know, and that's to issue a defamation action.

Yet he's not doing this, and I wonder why?

Surely he is going about this the wrong way?

This is a civil matter surely?

[overthebridge] 16/10/2016 08:37

Bmd and tw exposed scum !Chart right at the bottom strong support! Seller looks like they are doneWith limited free float !News due at least update fromMalawi visits!License renewal ? Jv for one or both assets ? This could really take off on news fast! Gl and dyor

[tidy 2] 12/10/2016 12:11

6p funding has been offered. The bod rejected it as they don't need cash or the dilution.

[newforestlad] 12/10/2016 12:04

There's lots of talk of MKA in Twitter with the popular posters. Many buy on their tweets.

[tidy 2] 12/10/2016 12:01

Hi Will Appreciate the quick response. Keep up the great work. Yours sincerely Mr XXXX Sent from my iPhoneOn 18 Sep 2016, at 15:46, Will Dawes wrote:Dear XXXXX, Thank you for your email. I can assure you that the company is not insolvent. Below is a link to our most recent quarterly report. The MD&A is also on the website. http://www.mkango.ca/i/pdf/fs/Mkango-Jun-30-2016-Financial-Statements-FINAL-WD.pdf Please refer to section 2, Going Concern. As at end of June, working capital surplus of US$559,440. This is calculated as current assets minus current liabilities. Current liabilities are detailed in section 6. Also, as stated in the quarterly: "At the time of its AIM listing, the Company raised gross proceeds of £1 million. The Company forecast that the net proceeds of the fund raising, totalling £545,000, would fund the working capital requirements of the Company for the next 18 months.As at the current date, the Company's expenditures remain within budget." Long term liabilities are not included in the working capital calculation in accordance with normal accounting practice. Long term liabilities comprise warrants (which are non-cash) and unpaid deferred salaries for Alex Lemon and me. The circumstances under which these would ever be paid are included in section 7, hence part of long term liabilities. Alex and I are co-founders of the company, largely incentivised via equity, and so it is strongly in our interest to make it a success. As a Canadian company, the next set of quarterlies for the quarter ending September 2016, will be released by the end of November. Kind regards Will Will DawesChief Executive Mkango Resources Limited706 27 Avenue NW,Calgary, Alberta T2M 2J3Canadawww.mkango.ca Tel : [phone]Mobile : [phone]Email: [e-mail]

[tidy 2] 12/10/2016 11:31

#MKA management 'heading back to UK', presumably writing a handful of epic RNSs on the plane, ready for publication tomorrow and Friday...!

[andy] 12/10/2016 11:28

tidy,

Thanks.

[tidy 2] 12/10/2016 11:21

MKA have tweeted #MKA heading back to UK with @FrancesWallCSM after very +ve @HiTech_AlkCarb, field visits to Phalombe, Thambani + other areas #rareearths

[tidy 2] 12/10/2016 11:14

Buyers creeping back :))

[andy] 12/10/2016 10:04

NFL,

What "Twitter chat"?

What part of the forest are you from?

[newforestlad] 12/10/2016 09:46

How many have bought this on the Twitter chat?

[andy] 12/10/2016 08:45

tidy,

Thanks, appreciated.

GLTA

[tidy 2] 11/10/2016 19:25

Well said Andy my apols

[andy] 11/10/2016 18:02

jag,

Or just busy working!

The petty name calling only demeans yourselves.

[tidy 2] 11/10/2016 16:12

Not you jag lol

[jagzoil] 11/10/2016 16:02

Awww..Andy quiet soon as we are blue?! Idiot.

[tidy 2] 11/10/2016 15:56

Minister keen to invest in more mining researchPosted By: Caroline Kandieroon: October 10, 2016In: BusinessNo CommentsMinister of Energy and Mines, Bright Msaka, has called for more research work on exploration of rare earth elements in the country.Msaka, made the call during the closure of a week-long Hi- Tech AlkCarb Expert Council meeting in Zomba.The meeting attracted 36 geo scientists from across the globe. The experts also conducted research on mineral deposits in the Chilwa Alkaline Province.Msaka said Malawi is endowed with a number of mineral resources and hosts potential for world class deposits of rare earth elements."The Chilwa Alkaline Province is an important mineral province of good significance. It is an important repository of minerals such as rare earths."Rare earths are used in making high technology products, hence the need for concerted effort in research towards their exploration in the country," he said.He said the outcomes from the workshop will help unveil new knowledge and geo models to augment the current understanding of the Chilwa Alkaline Province.Msaka further said the publications from the workshop will reinvigorate interest in the Chilwa province carbonatites and put Malawi on the world stage with regard to geology and mineral potential.He also assured the experts that his Ministry will do everything possible to advance geo-scientific research in order to generate relevant data needed by the private sector.Mkango Resources Limited, who hosted the workshop, said the research findings will be published in both local and international media.Mkango Chief Executive Officer, William Dawes, described the workshop as a success.He said the findings will help put Malawi on the world map as a potential mineral destination."We believe the exchange of knowledge between the international and local experts will also help grow mining and mineral exploration in the country," said Dawes.The meeting attracted world class geological experts from Norway, German, Finland, Britain and Australia, among others.http://www.times.mw/minister-keen-to-invest-in-more-mining-research/

[tidy 2] 11/10/2016 14:57

Blue. Nice

[tidy 2] 11/10/2016 12:02

Red to flat

[jagzoil] 11/10/2016 11:54

but it's ok for you to single out one stock?.......have you seen the other REE stocks out there? They aren't doing too bad on a comparable basis.

[andy] 11/10/2016 11:39

Jag,

So on the basis that one stock is overpriced, it justifies a higher valuation for another one?

Come on, surely even you can see that's an argument that doesn't stand up?

[andy] 11/10/2016 10:39

tidy,

Why? Is that because you wouldn't invest serious money?

I don't see a compelling investment case here, only a steady drift downwards, mirroring what occurred in Canada where MKA barely traded, before the AIM listing.

They need a JV with a deep pocketed partner, but how much of the project would they have to lose for that to go ahead? and suitor will know their financial position.

REE's are so out of favour at the moment, probably below coal and uranium.