Mkango Resources Share Discussion Threads

[potential] 16/11/2016 14:28

Remember what I said earlier in week we will most likely hit 2p before any movement north!!

[andrbea] 15/11/2016 14:37

Reminder: Investor Evening this
Thursday 17th November

Hurry last few places remaining!

London Investor Evening
In partnership with...

Mkango (LON:MKA)

BMR Group (LON:BMR)

Conroy Gold (LON:CGNR)

[yorgi] 14/11/2016 14:16

Then again it could hit 4p before slowly recovering on from there ! It might not of course :-)

[potential] 14/11/2016 10:56

We could hit 2p before any sort of recovery!!

[yorgi] 14/11/2016 10:47

I have been looking at MKA recently and it looks to me as if it has been oversold but I thought worth a small buy but it remains to be seen. I notice they have a presentation in London this week which should be useful for anyone with an interest. Quick reversal on this morning drop. The market cap looks far too low to me but we will see.

EDIT

Then reversed again :-)

[potential] 14/11/2016 09:58

We could be below 2p by end of play!!!

[stan40] 14/11/2016 09:21

How to shaft uk shareholders in 5 months well done mka

[andy] 11/11/2016 16:37

tool,

Despite their "we don't need any money for 18 months" statement?

Hmmmm!

I always thought that was very unlikely to be honest.

They were virtually out on their feet in Canada, no liquidity and funding very difficult to near impossible.

[toolsmoker] 11/11/2016 16:31

Placing at 1p coming .money needed and mkts not best to raise in now

[andy] 03/11/2016 09:15

tidy,

They have been saying that for years, after the US - Russia megatons for megawatts deal terminated in 2013, yet the price of uranium has FALLEN since then!

Cigar Lake didn't help of course, but it does seem that the price of uranium is not being assisted by the termination of the treaty, nor additional nuclear reactors coming online.

The other problem is the secrecy of deals, and long term deals being done at fixed prices also muddies the waters, there's no official spot price for uranium in the way that there is for gold, for example.

[jonnyfro] 03/11/2016 09:09

Tidy how many can you buy at 4p?

[tidy 2] 03/11/2016 09:07

With the planned production for nuclear reactors world wide at around 100 over the next 15-20 years and no stock pile of uranium to allow for them let alone work overs like Hinckley there will be a serious shortfall in supply and demand ever growing so any uranium play will be ok over the foreseeable future

[tidy 2] 31/10/2016 20:17

I told him I would post. If he says 18months I'd go for 12months. Also a new JV is in the pipe, news soon I suppose.

[andy] 31/10/2016 18:34

Tidy2,

It will be interesting to see if they can stretch the current funds as far as he states there.

I always count in any deferred salaries when looking at company accounts, because it is a liability that will have to be paid at some time in the future. The issue here is some see those as a liability, and others seem to be ignoring them, hence the difference in opinion on the company's finances.

I hope he's aware you've put it into the public domain,although that shouldn't be a problem if he was prepared to send out to you.

[tidy 2] 31/10/2016 17:43

Email from WillOn 18 Sep 2016, at 15:46, Will Dawes wrote:Dear Xxxx, Thank you for your email. I can assure you that the company is not insolvent. Below is a link to our most recent quarterly report. The MD&A is also on the website. http://www.mkango.ca/i/pdf/fs/Mkango-Jun-30-2016-Financial-Statements-FINAL-WD.pdf Please refer to section 2, Going Concern. As at end of June, working capital surplus of US$559,440. This is calculated as current assets minus current liabilities. Current liabilities are detailed in section 6. Also, as stated in the quarterly: "At the time of its AIM listing, the Company raised gross proceeds of £1 million. The Company forecast that the net proceeds of the fund raising, totalling £545,000, would fund the working capital requirements of the Company for the next 18 months.As at the current date, the Company's expenditures remain within budget." Long term liabilities are not included in the working capital calculation in accordance with normal accounting practice. Long term liabilities comprise warrants (which are non-cash) and unpaid deferred salaries for Alex Lemon and me. The circumstances under which these would ever be paid are included in section 7, hence part of long term liabilities. Alex and I are co-founders of the company, largely incentivised via equity, and so it is strongly in our interest to make it a success. As a Canadian company, the next set of quarterlies for the quarter ending September 2016, will be released by the end of November. Kind regards Will Will DawesChief Executive Mkango Resources Limited706 27 Avenue NW,Calgary, Alberta T2M 2J3Canadawww.mkango.ca Tel : [phone]Mobile : [phone]Email: [e-mail]

[tidy 2] 31/10/2016 17:42

From the double bottom

[andy] 31/10/2016 17:38

tidy2,

What shape do you see out of interest?

[tidy 2] 28/10/2016 15:50

Nice shape to this chart now guys.

[andy] 27/10/2016 09:00

Any sign of a response from Jub Capital yet?

Or is Adam too busy issuing a libel writ in the High Court?

I suspect not, let's see if he surprises me......

[andy] 25/10/2016 12:36

Wow!

All I can say is I'm looking forward to the response from Adam Dziubinski!

I'm dubious there will be one personally, but if there is I'll read it with interest.

If he doesn't issue libel proceedings now then there is something seriously amiss, IMO.



Lovarat,

Your thoughts?

I told you this would get interesting!

[andy] 18/10/2016 17:37

Loverat,

All quiet here today, I imagine a number of heated phone calls taking place, the next move could be interesting.................

With regards to the "disorderly market", can a single blog read by a few people be held responsible for a company's shareprice?

I would want to know where the large blocks of stock are and were they sold after the piece was published, before I would accept that charge. Do the large players in the city make decisions based on blog postings?

If there is evidence he is picking on the company for a specific reason, my opinion would change, but the spat seems to be between him and Jub Capital.

MKA has been an illiquid stock in Canada for quite a while, I suspect it was listed on AIM so they could raise funds in London.

I have the feeling these spats are between people that know each other, and therefore there may be some grudges being worked out.

[andy] 17/10/2016 09:59

Loverat,

I do understand how defamation works, but instead of posting an open reply like he has done he could have posted it in a legal letter to BMD with a request for cease and desist.

He could have gone before a judge very quickly and requested an injunction to stop BMD posting, and to remove from his website (AERO did recently for TW!) but has chosen not to.

People are always trying for "harassment" because they can use the police, and that's free, and quick, but I have read BMD's pieces and I don't see how that can apply here. Can you?

Where is the "harassment"?

The issue is that he is saying that Jub Capital are assisting MKANGO, but in what capacity?


You have to ask for what purpose Mkngo have engaged Jub Capital, what function are Jub performing, and what is it costing Mkango for Jub's services?

I think if we knew the answer to those questions we may be better placed to make a judgement.

Based on reading the Jub response,tTo make the judgement that BMD is 100% wrong, and Jub 100% correct is a big call, the truth is often found in the middle ground, we shall see here.

Having followed the Mkango story for years, I would say that not all BMD's observations about the company are wrong...........