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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 Shares Traded Last Trade
  -0.15p -1.71% 8.60p 195,730 13:35:57
Bid Price Offer Price High Price Low Price Open Price
8.20p 9.00p 8.75p 8.30p 8.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.87 2.15 3.9 9.7

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Date Time Title Posts
20/3/201912:16MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)927
21/8/201812:39Mkango (MKA) One to Watch 3
15/6/201814:38Mkango Resources (MKA) Strategic Deal1
14/11/201609:58Mkango Resources98

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Mkango Res (MKA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:02:098.707,943691.04O
13:50:038.7217,0981,490.95O
13:40:148.705,000435.00O
13:36:228.721,259109.78O
13:35:538.5959,3255,096.02O
View all Mkango Res trades in real-time

Mkango Res (MKA) Top Chat Posts

DateSubject
20/3/2019
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 8.75p.
Mkango Res has a 4 week average price of 8.30p and a 12 week average price of 8p.
The 1 year high share price is 11p while the 1 year low share price is currently 6.65p.
There are currently 112,919,188 shares in issue and the average daily traded volume is 343,567 shares. The market capitalisation of Mkango Res is £9,711,050.17.
05/2/2019
10:28
grandmasterglitch: Cash burn rate? They have millions banked with many more on the way. Reason for share price stagnation purely down to outstanding warrants, good couple of volume days will see that issue resolved, since most have now moved to sticky hands and our Chairman. As for the report being overdue? What’s that meant to mean lol, they have finished a drilling campaign, issued a revised resource and now completing a document to get final funding sorted, all looks pretty standard stuff all concluded in a very timely manor. Good luck all.
23/1/2019
13:22
cf456: The First Equity note is well worth reading and highlights the significant potential upside in MKA from the current price. "Our investment thesis for Mkango, which we set out in more detail below, is simple: it is the most attractively valued pre-production stage, ex-China REE project on all public markets." "A crucial element of the agreement between Mkango and Talaxis is the option clause. This stipulates that upon completion of the BFS, Talaxis has the option of increasing its stake in Songwe Hill from 49% to 75% by securing all project finance (estimated at $216m in the PFS – or £168m at current exchange rates). Were Talaxis to fund this capex entirely in the form of equity, that would take its total investment in Songwe Hill to £180m. Based on this transaction, that would value Songwe Hill at £240m – and Mkango’s 25% remaining equity stake at £60m, or 53.1p per share using the current issued share capital of 112.9m." "At its current share price of 9.95p, Mkango is valued at only £11.2m. We consider this to be brutally undervalued, in light of the size, quality and strategic importance (both from a commercial and a political sense) of Songwe Hill, and of the valuation attributed to it by the Talaxis deal." hTTps://gallery.mailchimp.com/d266f47cec87da1170bcd0f35/files/5bf0e4f5-88e8-428a-841e-63d25ffd8bf2/Top_10_Micro_Cap_Picks_Part_I.01.pdf
17/1/2019
13:28
thelung: Thanks for posting! Summary: Mkango has been developing the Songwe Hill project since it listed on the TSE Venture Exchange in 2011 via a reverse takeover transaction. Following a 6,852m drill programme, the Company completed a pre-feasibility study (‘PFS’) in late 2014, and an update PFS in late 2015. The base case operation in the PFS assumed an 18 year mine-life that would extract a total of 8.5 Mt of ore at an average grade of 1.62%, which equated to an average of 2,841 tonnes of concentrate pa. The project economics were highly compelling: total initial capex amounted to $216m, a modest amount relative to the project NPV of $345m. The IRR was calculated at 37%. Importantly, only ~27% of the deposit’s total indicated and inferred resource of 31.8 Mt was utilised in the mine plan. Having examined the drill data in detail, we are confident that the impending resource upgrade will be significant. This in turn will enable the BFS to include a larger portion of the total resource, and consequently generate a larger mine plan with a longer life. This would ultimately translate into a greater project NPV than the $345m calculated by the 2015 updated PFS. A crucial element of the agreement between Mkango and Talaxis is the option clause. This stipulates that upon completion of the BFS, Talaxis has the option of increasing its stake in Songwe Hill from 49% to 75% by securing all project finance (estimated at $216m in the PFS – or £168m at current exchange rates). Were Talaxis to fund this capex entirely in the form of equity, that would take its total investment in Songwe Hill to £180m. Based on this transaction, that would value Songwe Hill at £240m – and Mkango’s 25% remaining equity stake at £60m, or 53.1p per share using the current issued share capital of 112.9m. Besides the lofty valuation that it entails, the option agreement offers a further substantial benefit to Mkango and its shareholders. It provides a visible path right through to production, and crucially dispels the necessity for further equity dilution at the PLC level between now and then. This is in our view an enviable position for junior resource investors to be in. Mkango would have a completely free 25% carry on a REE mine that (using figures from the existing PFS) will be generating – on average across its 18-year mine life – EBITDA of $103m pa on revenues of $162m pa. How would one value a vehicle (namely Mkango) that could enjoy £20m EBITDA pa for almost two decades, commencing at the beginning of 2022? Critically that valuation should be based on Mkango’s existing capital structure, save for outstanding options and warrants that are presently ‘in the money’. At its current share price of 9.95p, Mkango is valued at only £11.2m. We consider this to be brutally undervalued, in light of the size, quality and strategic importance (both from a commercial and a political sense) of Songwe Hill, and of the valuation attributed to it by the Talaxis deal.
16/4/2018
08:02
ayesha4: Nothing exciting about a plummeting share price
19/1/2018
10:29
varies: Jarega I have been hoping to see LetMePass return to this thread. He was an exuberant optimist who posted frequently here in mid-November when the Talaxis deal was first announced. This deal took the share price from 4p to 11p in a couple of days but it retreated to 6p when interest subsided. His mantle seems to have passed to you.
18/1/2018
16:27
cashpile: https://uk.advfn.com/stock-market/london/mkango-res-MKA/share-news/Mkango-Resources-Limited-MKANGO-ANNOUNCES-SHAREHOL/76503178
11/12/2017
12:29
varies: A mystery here. Why have we not heard yet from LetMePass ? Perhaps he (or she) is waiting for the share price to hit 10p again before returning to tell us that he was right all along !
11/12/2017
11:57
elcapital2017: glenda....i have no idea what you are talking about you moron mally....the way the share price reacted it was clear there was a sloppy order in place. As a result, it will drift back. The news is northing really, just MPs getting excited over nothing. Until the money is in place its just hope imo hese spiv stocks have to be dealt with as such
17/11/2017
13:47
elcapital2017: How much did you lose? We know you did, because you posted your trades, the share price went down then you said you made a profit!! Thats one reason why you are a proper head the ball moron
17/11/2017
11:10
elcapital2017: mally....i said worth....the share price is overvalued imo
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