ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MKA Mkango Resources Ltd

9.80
-0.25 (-2.49%)
14 Mar 2025 - Closed
Delayed by 15 minutes
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 -2.49% 9.80 779,969 14:43:44
Bid Price Offer Price High Price Low Price Open Price
9.60 10.00 10.05 9.80 10.05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD USD -4.06M USD -0.0124 -15.32 32.79M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:02 O 500,000 10.50 GBX

Mkango Resources (MKA) Latest News

Mkango Resources (MKA) Discussions and Chat

Mkango Resources Forums and Chat

Date Time Title Posts
15/3/202512:15MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)2,874
21/8/201812:39Mkango (MKA) One to Watch 3
15/6/201814:38Mkango Resources (MKA) Strategic Deal1
14/11/201609:58Mkango Resources98

Add a New Thread

Mkango Resources (MKA) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Mkango Resources (MKA) Top Chat Posts

Top Posts
Posted at 15/3/2025 08:20 by Mkango Resources Daily Update
Mkango Resources Ltd is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker MKA. The last closing price for Mkango Resources was 10.05p.
Mkango Resources currently has 326,266,261 shares in issue. The market capitalisation of Mkango Resources is £61,990,590.
Mkango Resources has a price to earnings ratio (PE ratio) of -15.32.
This morning MKA shares opened at 10.05p
Posted at 13/3/2025 16:50 by haff1
The placement was 11p. Not sure why the price hasn't risen to that?
Posted at 02/3/2025 14:14 by loafofbread
Hate to point out the obvious but there is no doubt that rare earth minerals and the future supply is now the most important part of the USA govt agenda. Perhaps Musk has explained to Trump that we need xyz year in , year out and at the moment we have jack sh+t!. Will it be a deal with Ukraine or Putin, who has now offered the USA partnerships in Irkutsk,Yakutia, Caucasus etc (Get the Risk board out to see where they are !)

Every investor in the USA will be looking for an entry and MKA should be top of their list if Cohen and Co are doing their job.

Question is , will we even get to Spac or get taken out before?

Mkango owns the advanced stage Songwe Hill rare earths project, an extensive rare earths, uranium, tantalum, niobium, rutile, nickel and cobalt exploration portfolio in Malawi, and the Pulawy rare earths separation project in Poland.

Songwe Hill is one of the few rare earths projects to have progressed to the Definitive Feasibility Stage, with an expected life of mine of 18 years, producing a 55% mixed rare earth carbonate, yielding 1,953 tons per annum of NdPr and 56 tons per annum of DyTb.

Mkango's proposed Pulawy separation facility site, located in a Special Economic Zone in Poland, stands adjacent to the EU's second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.

Mkango's mining projects in Malawi and the Pulawy rare earths separation project in Poland are the Subject of the Transaction.
Posted at 17/2/2025 16:41 by swinsco
Placees will have soon sold their shares for a nice profit before it starts dropping down to placing price of 8p. Mm always at the centre of it. Be careful out there. Same con men every time. X
Posted at 06/2/2025 12:20 by barrywhit
Fortunately the strength of the company and the way it is run will double its share price in 3 to 4 months..imo
Posted at 20/1/2025 19:29 by browngirl
so thats why the share price has been falling ...
Posted at 04/1/2025 16:22 by cyberbub
Excellent post Loaf. I think a lot of people can see a pathway for the share price to hit 100p+ by 2027 when Hypro USA is in full operation. 40-50p sometime in 2025 (subject to good progress and nothing going awry) seems perfectly achievable IMO.I think £25M for Songwe is too low though, even with a substantial retained %age. Mining is slow and messy and I'd rather see us take even a still too low IMO £50m and walk away, use part of that to fund Pulawy which could become a profitable 'picks and shovels' operation rather than a single-asset risk, and the rest into Hypromag.NAI
Posted at 04/1/2025 16:10 by loafofbread
300M shares and 25M 7p warrants so MCap £25M (25m offset by in the money cash at 7p.)

The appointment of Cohen @ Co is a stoke of genius. The go to deal maker/fixer in the REM sector who will be looking at the substantial fees to be made on the Songwe deal.

Fully expect our £25M of costs to be recovered as an upfront and then equity slice of listed bidco or income deal over next 20 years.

Hypo to be rolled out to a few more countries on a 50/50 with zero investment from ourselves or an upfront and less % royalties.

Can't think of any other share that has such the potential to double/triple over the next few months.

Compare us to Phoenix Tailings in the USA that has a market cap of over £120M and is only at the idea stage.

As mentioned before MKA is just a buy and hold up to 40/50p this year imho.
Posted at 04/1/2025 00:22 by cyberbub
For anyone looking in here for the first time at this (at 10p) £30m-cap company....

Mkango have spent the last 10+ years exploring and developing the large rare earths property called Songwe Hill in Malawi. The project is now fully permitted, government carry and royalties agreed etc. Songwe's NPV is over $500m. A successful US broker has been taken on to organise a 'transaction' to get value from Songwe in the next few months. They also have several earlier stage projects in Malawi. Finally, they are planning a rare earths separation plant in Poland which could process concentrate from Songwe or any other REE mine.

Mkango also have a revolutionary, low-energy rare earth magnet recycling technology under exclusive licence. They own a small UK plant starting production imminently, they will shortly own 80% of a slightly larger German plant (due to start operations in 2025), and 40% of a 10x bigger US plant (due to start production early 2027). Capital funding is non-dilutive to MKA shareholders going forward. Total NPV approx $300m in the initial phases, but expansion is planned in the medium/long term.

All for £30m....bargain!

No advice intended, DYOR etc
Posted at 13/12/2024 09:09 by barrywhit
Thats the same with most AIM shares. I think as Government funding starts to be released this share and especially CoTec's share price will rise quite quickly over 2025/2026...
Posted at 30/11/2024 15:49 by cyberbub
Yes you would think that 15-20p was fair value here today, looking at the REE peer group valuations? With a bit of luck if Songwe is floated in H1 2025, the company could easily have a valuation of 20p just based on that, IMO.

Longer term I could see the share price pushing towards 100p in 2028 when full production at the US (with 3rd vessel) and German sites is underway and debt is being paid down, along with possibly Songwe starting initial production with MKA retaining a significant stake. It seems a long way off but will roll around soon enough.

NAI
Mkango Resources share price data is direct from the London Stock Exchange

Mkango Resources Frequently Asked Questions (FAQ)

What is the current Mkango Resources share price?
The current share price of Mkango Resources is 9.80p
How many Mkango Resources shares are in issue?
Mkango Resources has 326,266,261 shares in issue
What is the market cap of Mkango Resources?
The market capitalisation of Mkango Resources is GBP 32.79M
What is the 1 year trading range for Mkango Resources share price?
Mkango Resources has traded in the range of 4.20p to 12.125p during the past year
What is the PE ratio of Mkango Resources?
The price to earnings ratio of Mkango Resources is -15.32
What is the reporting currency for Mkango Resources?
Mkango Resources reports financial results in USD
What is the latest annual profit for Mkango Resources?
The latest annual profit of Mkango Resources is USD -4.06M
What is the registered address of Mkango Resources?
The registered address for Mkango Resources is 2900, 550 BURRARD STREET, VANCOUVER, BRITISH COLUMBIA, V6C 0A3
What is the Mkango Resources website address?
The website address for Mkango Resources is www.mkango.ca
Which industry sector does Mkango Resources operate in?
Mkango Resources operates in the UNIT INV TR, CLOSED-END MGMT sector