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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
  0.50 4.76% 11.00 10.50 11.50 11.00 10.50 10.50 608,976 11:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 2.3 1.0 11.3 15

Mkango Resources Share Discussion Threads

Showing 976 to 1000 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
23/1/2019
17:29
yes, you've misunderstood the situation here. there is no bargaining chip that talaxis can use to get better terms. its all set up and concluded. see previous RNS's. The only temporary issue at the moment is low REE prices. This should change as we go forward.
dingo75
23/1/2019
17:29
Whatever the case, the Chairman is clearly very confident indeed that the company is going places investing heavily last month at the equivalent of 9p. hTTps://investegate.co.uk/mkango-resources-ltd--mka-/rns/mkango-announces-director-dealing/201812050700044297J/ "It also shows from our Chairmans perpsective great confidence in the company. So he's acquired warrants over about 3.3 million shares which would equate to around 3% of the company." hTTps://www.youtube.com/watch?v=QDA3KJJKEVA (from 4:29)
cf456
23/1/2019
17:15
grandmasterglitch, you're right Mkango says the next £7m will be delivered which will leave them with a 51% stake in Songwe Hill. The bit I mean is the Talaxis' option to acquire another 26% of the project by arranging project development funding, and funding equity. Mkango and a few investors speak as if the funding is a done deal and the project is funded to completion. However, as I read it, it's up to Talaxis whether they execute the option. That gives them negotiating power with little downside, and leaves Mkango with uncertainty over funding. Have I missed something? Has Mkango leverage over Talaxis that means the project development funding is more certain that how I've described it?
mr. t
23/1/2019
16:35
From sharetalk q&a Q - Once the results are drawn up, is there anything else needed to produce that carries risk for the funding? A - According to our agreement with Talaxis, on publication of a 43-101 report in relation to the resource update, Talaxis will invest the next £7m tranche of investment.
grandmasterglitch
23/1/2019
15:10
cf45. The Talaxis investment sounds good, but it does have risks. Given it is an option, Talaxis have several ways they could play this out: 1) provide the project finance as per the terms agreed. Great news for MKA. shareholders. 2) let the option expire and write off their investments. Possible given Noble's recent restructure and that REE prices are low (I know First Equity said restructure is complete and derisked, but who knows if Noble's priorities have changed). Bad news for MKA. 3) Talaxis could renegotiate the option to give materially worse terms to MKA, and threaten to walk away if MKA don't agree. In both this case and the previous one, another funder could appear to replace Talaxis on equal or better terms. But they may not, and that would be bad news for MKA. 4) Talaxis/Noble could acquire MKA to capture more of the benefits for themselves. Good news for MKA shareholders, depending on the price. I'd put a lot more value on the Talaxis deal if they had an obligation to fund at pre-agreed terms. However, they have significant power and that's a risk for MKA shareholders. Unless I'm missing something?
mr. t
23/1/2019
13:22
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
cf456
22/1/2019
10:57
Recent CEO interview worth watching: hTTp://goo.gl/AQ4ARv
cf456
21/1/2019
12:17
hTTps://roskill.com/news/roskill-discusses-rare-earths-supply-demand-trends
cf456
17/1/2019
13:49
Motors in drive mode and generation all over the place going forward. Good dynamics and if China want to really teach a few people a lesson MKA will fly.
p1nkfish
17/1/2019
13:46
"Continued growth in #ElectricVehicle & #WindPower sectors positive for #RareEarths #NdPr outlook with few advanced stage #RareEarth projects globally; next milestones for Mkango - resource upgrade and £7m Talaxis investment to complete ongoing feasibility study #Malawi #MKA" hTTps://twitter.com/MkangoResources/status/1085895440871116800
cf456
17/1/2019
13:29
No probs. "brutally undervalued"
cf456
17/1/2019
13:28
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.
thelung
17/1/2019
12:46
hTTps://gallery.mailchimp.com/d266f47cec87da1170bcd0f35/files/5bf0e4f5-88e8-428a-841e-63d25ffd8bf2/Top_10_Micro_Cap_Picks_Part_I.01.pdf
cf456
14/1/2019
23:30
https://uk.advfn.com/cmn/fbb/thread.php3?id=43717113&from=321
thelung
11/1/2019
12:26
50k at 9.25 bodes well - still think we have another 6 weeks to go before news and a move into double figures, so may get the chance to buy at 8-8.5 within that time
thelung
12/12/2018
14:51
Bought back in after been out for a week or so. Didn't want to miss the chance of mega bucks. GLA
tutthetrader
04/12/2018
14:46
Massively undervalued.
ayesha4
04/12/2018
13:10
hTTps://www.share-talk.com/mkango-resources-ltd-aim-tsxv-mka-q-and-a-session/ Warrant holders now flipping for 15%
thelung
03/12/2018
08:08
It's all there on a plate, fill ya boots if you can..
tutthetrader
29/11/2018
09:00
Ticking bomb...
babajanas
28/11/2018
12:41
All of a sudden this will explode the fundermentals are all there.
tutthetrader
26/11/2018
11:48
Last trade was a buy. My wife just bought them. There will be news out this week. Imo..
tutthetrader
22/11/2018
22:02
I smell a breakout....unless senor seller persists. Got to be warrants.
thelung
14/11/2018
12:31
9.6 paid for 50,000
thelung
07/11/2018
08:57
In the lift marra! Going up....
marbill73
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
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