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Share Name Share Symbol Market Type Share ISIN Share Description
Mkango Resources Ltd 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
  0.00 0.0% 15.00 14.50 15.50 15.00 15.00 15.00 645 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 3.0 1.2 10.7 32

Mkango Resources Share Discussion Threads

Showing 2126 to 2146 of 2150 messages
Chat Pages: 86  85  84  83  82  81  80  79  78  77  76  75  Older
DateSubjectAuthorDiscuss
30/11/2022
08:58
Excellent post from LSE that sums up position
lewis winthorpe
30/11/2022
08:57
No Concerns - Cotec Funding by 23rd December of £1.5m+Today 08:46Can see some have posted today with little knowledge of the company or the current transactions being discussedFrom the last update with CotecThe parties are currently finalising documentation and, in order to accommodate delayed timelines, CoTec has agreed to advance a further £222,500 (US$250,000) to Mkango by way of a convertible advance note (the "Advance") and Mkango has agreed to extend the exclusivity period to 23rd December 2022Cotec are finalising a 10% position in Maginito aka HyProMag which is due to be closed by 23rd December 2022, once completed MKA will receive £1.5m / $1.8m USD, which as per todays report, showing cash burn of $1m USD per three months, with existing cash would be sufficient until H2 2023 minimumCotec are also providing 'INTERIM FINANCING' to MKA, you can read about it at their latest press release, dated 31/10 where they state 'Mkango Resources Ltd. ("Mkango")CoTec has entered into a non-binding term sheet for an investment in Mkango and provided interim financing to them. Mkango has two main assets - a rare earth development project in Malawi which, according to a feasibility study that Mkango published in August[1], has a post-tax NPV10% of US$559M and more interestingly to CoTec, an interest in a green process utilizing hydrogen to recycle rare earth magnets and extract the rare earth elements from them. During the quarter, a pilot plant was commissioned in the United Kingdom to scale up the technology. In connection with its investment in Mkango, CoTec and Mkango will enter into a co-operation agreement regarding future investment in rare earth processing technologies in the US. CoTec believes that the Mkango recycling technology will align well with the desire of the US to be strategically independent of China' Link belowhttps://finance.yahoo.com/news/cotec-holdings-corp-provides-business-214500663.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANszg5XAenPJH7THH4YBCk7TZzuzJ4h6DVWW-GydqBbU-KKfJ6Ey7s0ZSCa70Yud3rHwytAExjLIDa214RBlPCFZG8nVx3VAkBB3W4bQWMzoB67_2SJaD1xmFqgyu9HNy_kxhfnIosNUwuHoOTmadggKSvTJXtTzNNc_L08yXaR0If you are still worried about the cash position then sell up and move on, my concern at the moment is only the MDA and that is backed by the valuation of HyProMagRisk if Cotec don't provide funding? I would state why are they currently financing us at 27p, they have given us £1.225m to date at 27p (CLN) yet cant finalise the one thing they wanted which is a £1.5m investment in HyProMag, you are talking about the ex CEO of Rio Tinto and Anglo PacificWorst case they dont fund us and we keep the 10% interest in Maginito / HyProMag, and keep the £1.225m at 27p already investedAlternate scenario if they cant pay, they give us another £500K and extend exclusivity a bit further into 2023, but either way we get financing at previous favourable rates
lewis winthorpe
30/11/2022
08:19
Usual noob. There is limited burn as they have done previously with regular lights on money coming from cotec.You really need to get a life.
lewis winthorpe
30/11/2022
07:34
Tick tock, how are they going to keep the lights on oclock.
terminator101
28/11/2022
09:33
hxxps://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-friday-25th-november-2022-via-vox-markets/
tutthetrader
28/11/2022
09:31
Zak seems to think once we hit 17p a breakout to 20p could happen and a rise to mid 20s before the end of December. GLA
tutthetrader
25/11/2022
09:46
Ticktock,Ticktock = BANG....GLA....
tutthetrader
25/11/2022
09:44
Not a lot of volume available fixed on offer, anyone else having same issue?
lewis winthorpe
24/11/2022
15:50
I hope you're right Lewis, and I agree, it is beginning to look positive again.
However, I'd love to see the share price move another 20% and preferably to 20 or so (I admit, who wouldn't) on serious volume.
I'm afraid we MUST see more solid fundamental news (MDA, funding, etc.) as in the markets we are in right now, stocks in general -and certainly small caps- will not move higher unless there a good fundamental background to justify this. For the foreseeable future we should not rely on a favourable outlook for interest rates to lift the market, and momentum you may forget as well.
But I'm still confident that MKA will not disappoint us, LTH's.

AIMHO
GLA

parker2102
24/11/2022
15:29
Broken the short term down trend, now tracking the upward channel from 2020. All very positive.
lewis winthorpe
24/11/2022
11:57
Fishing for loose hands for a buy order I suspect. The offer has hardly changed.
lewis winthorpe
24/11/2022
11:04
Yeah and then the mms drop it on a single small sale, games!
ddubzy
24/11/2022
10:32
Feeling another move towards 20p plus is coming. Nearly full offer on buys
lewis winthorpe
23/11/2022
08:07
So 200t NdPr per annum with UK and German plants ie over 18m in revenue at current prices
luffness
23/11/2022
08:01
IMHO the value of HyProMag pretty much covers the MCap, giving you the mine for free!
loafofbread
23/11/2022
07:59
wonder if this news will even be mentioned on twitter ......
sos100
23/11/2022
07:24
The total cost of the Project is expected to be €6.1 million, of which approximately 60% will be funded by the grants, on the basis that for each €1 spent on the Project by HyProMag GmbH, a further €1.50 contribution can be claimed from the grants. The first phase of the Project includes development of a production facility in Baden-Württemberg State with a minimum capacity of 100tpa NdFeB comprising recycled rare earth sintered magnets, alloy pellets and powders.The initial production facility would be a similar size to the £4.3 million project being developed by HyProMag Limited and the University of Birmingham at Tyseley Energy Park in the UK, funded by Driving the Electric Revolution, an Industrial Strategy Challenge Fund challenge delivered by UK Research and Innovation ("UKRI").
lewis winthorpe
17/11/2022
15:55
Someone is picking up loose holder stock at this level, its been going on for a few weeks.
lewis winthorpe
16/11/2022
08:07
Mm spread games as ever. Don't be fooled.
lewis winthorpe
15/11/2022
12:18
Feels like a blue day is coming.
lewis winthorpe
14/11/2022
17:11
https://times.mw/mining-firm-upbeat-on-prospects-licencing/Close now
lewis winthorpe
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