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 Shares Traded Last Trade
  0.25 1.39% 18.25 321,294 14:28:32
Bid Price Offer Price High Price Low Price Open Price
17.50 19.00 18.25 18.00 18.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.29 0.98 19.2 25
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:48 O 100,000 17.60 GBX

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Date Time Title Posts
12/1/202113:11MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)1,167
21/8/201812:39Mkango (MKA) One to Watch 3
15/6/201814:38Mkango Resources (MKA) Strategic Deal1
14/11/201609:58Mkango Resources98

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Mkango Resources Daily Update: Mkango Resources Ltd is listed in the Mining sector of the London Stock Exchange with ticker MKA. The last closing price for Mkango Resources was 18p.
Mkango Resources Ltd has a 4 week average price of 10.25p and a 12 week average price of 8.50p.
The 1 year high share price is 19.50p while the 1 year low share price is currently 2.65p.
There are currently 135,200,721 shares in issue and the average daily traded volume is 1,188,962 shares. The market capitalisation of Mkango Resources Ltd is £24,674,131.58.
upthepool: Yeah, I didn't really understand the warrants thing (as I've never seen that sort of arrangement before on a stock I've owned) apart from the fact the stock hasn't been diluted - but it also meant there was no cash received for exercising them.Anyway, its done now, and doesnt seem to have had a detrimental effect on the share price. Another nice start this morning
upthepool: No herd arrival yet to artificially inflate the share price over the short term, so the nice 50% rise over the recent times since I've been invested is hopefully a result of the solid business modelGLA
andrbea: from LSE board MKA-related tweets Https://
hamidahamida: MKA MCap 19 million Big valuation gap Pensana MCap 200 million
hamidahamida: Agree with Myles A must read for @MkangoResources holders.Bacchus' work in's not a standard financial adviser. It's an M&A specialist.#MKA appointed it for a purpose.I'm now convinced that Songwe Hill - or possibly the whole Co - will be acquired in 2021.
hamidahamida: NdPr prices remain at the multi-year highs reached in the run up to China's new export law.The two major RoW producers, $LYC and $MP, are valued at A$3.8bn and US$4.2bn, and trade on 2020 PSRs of ~10x and ~30x.Incredible premiums demonstrate growing interest in REEs.#MKA
andrbea: Https://
hamidahamida: THE GLOBAL RARE EARTH ELEMENTS MARKET UPDATE NOTEReview of Initial Investment Thesis, published July 201727.11.2020 This brief Update Note on the rare earth elements ('REE') industry should be read as a follow-on from our industry commentary published in July 2017, entitled "Rare Earth Elements: Time to Invest?" thesis of our research note on the REE industry, published in July 2017, was as follows:"The supply / demand dynamics of the global REE industry are set to become imbalanced, owing to quasi-monopolist China curbing domestic production, and to the rapidly accelerating global adoption of renewable energy technologies that utilise REEs. We are of the opinion that the approaching market imbalance will ultimately be corrected by the fast-tracking into production of ex-China REE deposits. As such, we believe that investors should be positioning themselves for the impending recovery in the rare earths sector by investing in late stage REE projects that possess mineralisation geared towards renewable energy applications."In summary, we hypothesised that:i) China would curb overall production to preserve its national reserves, whilst also cracking down on rampant illegal mining of heavy rare earths in the southern provinces;ii) No new supply of REEs would come online from Rest of World ('RoW') sources for at least two years, owing to a dearth of construction ready, pre-production projects;iii) Simultaneously, demand would increase rapidly for the Magnet REEs ('MREE') (neodymium, praseodymium, dysprosium and terbium), owing to the acceleration of the rollout worldwide of two key green technologies, namely electric vehicles ('EV') and wind turbines;iv) Demand for such projects would be further fuelled by a political drive: namely, for RoW governments to establish secure, non-Chinese, sources of REEs, given that the MREEs are used in numerous military applications and thus are considered a matter of national security;v) Prices of MREEs (especially neodymium and praseodymium) would sustain their price increases seen in H2 2017;vi) Both Chinese and RoW companies and governments would seek out and invest in (or acquire) ex-China, high quality REE deposits that are advanced (post pre-feasibility study, at the minimum) and ideally whose ore bodies are comprised of a high percentage of MREEs.As we discuss in detail below, out thesis has been partially correct – although there have been ups and downs in each of those hypotheses playing out over the past three years. Critically, demand for REEs – notably, MREEs that are used in permanent magnets, which are themselves integral components in the traction motors of EVs, and the generators of wind turbines – has been increasing rapidly. Moreover, RoW governments have been seeking to establish ex-China REE sources with considerable urgency. As a result, we have seen investment from RoW nations and China (who we believe are eager to retain power over the global market) in ex-China REE projects. On the other hand, China has increased its official REE output quota, which appears to have offset its efforts in stamping out illegal mining. Furthermore, significant RoW supply has come online sooner than we had anticipated (via MP Materials' Mountain Pass mine). Accordingly, it is only in H2 2020 that prices of the MREEs have pushed beyond H2 2017 levels. This time, however, we expect the price rise to be sustained.
hamidahamida: Share Prices Rocket As The Rare Earth Rush Is Rebooted #MKA
Mkango Resources share price data is direct from the London Stock Exchange
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