Mkango Resources Share Discussion Threads

[oapknob1] 05/5/2022 16:29

May and June then provided no further delay..... The Feasibility Study for Songwe is expected to be completed in the second quarter of 2022.

[stuie] 05/5/2022 10:48

Someone just posted on the LSE board this will be my last AIM share purchase and I can't agree more. AIM is like the Wild West of investing, I suppose you need to be involved before you can see it for yourself.

[jarega85] 05/5/2022 10:14

Very disappointing. Possibly should have gone with my gut some months back and certainly should have taken some of the table at 37-38p last year but choose to hold.I will be riding this one out however, no matter how long it takes! No way am I selling for a loss

[stuie] 05/5/2022 10:08

6 month decline in the share price and not 1 mention about it from the board of directors. They will line their pockets regardless.

[thesaint5] 04/5/2022 14:51

JakNife

If you'd bothered to read prior accounts you would see that is a noted on all of the financials going back years, perhaps a Canadian requirement.

Doesn't take a rocket scientist to realise it is standard wording, they have confirmed they have sufficient funding for a minimum of 12 months.

[lewis winthorpe] 29/4/2022 11:59

Let's agree to disagree, and you can move on to another stock as you feel this one is of no interest for you.

[lewis winthorpe] 29/4/2022 02:38

You miss my point. It is standard verbiage for these stocks.Pensana had the same recently. Any company that doesn't have a product with year to year potential finance needs has these caveats. Its the risk we all take.Your motives however puzzle me. I can't however be assed to check your record to see if your game is primarily short. Not worth the effort.

[lewis winthorpe] 28/4/2022 16:12

16 August 2021MKANGO RESOURCES LTD.550 Burrard StreetSuite 2900VancouverBC V6C 0A3CanadaMKANGO PROVIDES UPDATE ON PLACINGLondon / Vancouver: 16 August, 2021 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that further to the Company's announcement of 5 August 2021, it has now received TSX-V conditional approval for the issuance of 23,007,495 common shares of no par value ("New Shares") at an issue price of GBP0.24 (approx. C$0.42) per New Share, raising GBP5.52 million (GBP5.29m net of fees) from new and existing investors (the "Placing")

[lewis winthorpe] 28/4/2022 16:10

"The directors are satisfied that the Company will have sufficient funding resources in order to meet its committed expenditure for at least the next 12 months and hence prepare these consolidated financial statements on a going concern basis"I think you are reading too much into the standard caveats

[oapknob1] 28/4/2022 16:03

Already hold. Waiting to see if any fundraise is an opportunity to accumulate lower or if it may set a base.
Long term hold either way.

[lewis winthorpe] 28/4/2022 08:41

The financing element wheels would be in motion from late last year. Just look at what has happened to the share price in that time, settling between 20 and 25p.You don't leave financing to the final hour. It will be a done deal based upon mining agreement (this was public knowledge way back, Malawi couldn't keep it to themselves) and early stage BFS.In my view, confirmation is just a matter of time.You are actually being given a great opportunity to buy into early stage miner/recyclers. Take it. This management is slowly slowly catchy monkey and shrewd.Reminds me a little of HZM team (without the dilution )

[oapknob1] 28/4/2022 08:06

Need to announce and get the placing done. Why do you think it won't be below 20p level?

[lewis winthorpe] 28/4/2022 08:04

At least 2 qtrs, but additional financing was always going to follow the mining agreement and BFS confirmed in Q2. How else would they progress to FEED and pre mine financing.The additional financing will already be done imho, and I suspect around 20-25p.It's been obvious with the recent drop.Ideal buying opportunity in my view.

[oapknob1] 28/4/2022 07:32

The Company had cash of $4,446,850 at December 31, 2021 How long will that last ?

[jarega85] 26/4/2022 12:33

Wow, could the seller be cleared?

[jarega85] 22/4/2022 16:11

Intraday reversal is a positive sign

[oapknob1] 22/4/2022 01:30

Without confirmation of a distressed seller the question of top up or not is up in the air.

[jarega85] 21/4/2022 15:29

Really surprised we have not seen a TR1 with all this selling

[lewis winthorpe] 19/4/2022 16:46

Same difference.

[luffness] 19/4/2022 15:12

Hypromag is not in Poland - teaming with Polish company in Pulawy Poland for a separation plant looking at inputs from Songwe and Hypromag..