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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 15.00 104,408 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 3.0 1.2 10.6 32

Mkango Resources Share Discussion Threads

Showing 976 to 999 of 2200 messages
Chat Pages: Latest  40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
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.
mr. t
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!!!"

hTTps://twitter.com/confluencetradr/status/1088816322333626371

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:

hTTps://www.marketscreener.com/MKANGO-RESOURCES-LTD-15639969/company/

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.

hTTp://goo.gl/7DMbtL

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

hTTps://twitter.com/Mattitus/status/1088035041333178368

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.

cf456
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.

grandmasterglitch
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.
mr. t
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!!!

thelung
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.

grandmasterglitch
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.

cf456
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.

mr. t
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.

cf456
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:

hTTps://www.marketscreener.com/MKANGO-RESOURCES-LTD-15639969/company/

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. hTTp://www.mkango.ca/s/news.asp?ReportID=814135

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

mr. t
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
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