The going of KF is indeed a complete dissaster for the old company. Nakama has been bad news ever since it reversed in and now all the old and trusted have left. Perhaps they will dribble out their shares and keep the price down to about 1p - 1.25p
Got to be one of the best potential AIM stocks, with only 97m shares in issue, recent rises will soon be improved upon once all the massive buy orders are filled, including the late trade of 670m just appeared...phew !!
AND Finance deal with Talaxis for $12m fully funded with no dilution. No wonder this was the most heavily traded stock when news dropped on Friday?
William Dawes, Chief Executive Officer of Mkango, said: "This transaction is transformational for Mkango and for Malawi, and is a further endorsement of the Company's strategy and potential. This Agreement significantly strengthens our balance sheet whilst ensuring that the Company is fully funded to progress Songwe and our collaboration with Metalysis. It also comes at a pivotal time in the rare earth market with a very strong demand outlook for rare earths such as neodymium and praseodymium used in permanent magnets for electric vehicles, wind turbines and other clean technology applications. We are very excited to be working with Talaxis, and moving forward with the bankable feasibility study for Songwe and Phase II of the research and development programme with Metalysis."
Daniel Mamadou, Executive Director of Talaxis said: "The global push to decarbonize the economy is creating pressure on the supply of critical elements to the green tech sector. Environmental regulation and the policy changes are driving the price of technology metals. Supported by our access to global logistics capabilities, an extensive marketing network and a team of experienced professionals, Talaxis is pleased to enter into this agreement, which further strengthens our supply chain specialized in tech metal products."
As suspected bad and a loss - so back to square one for this current year which I suspect will also be loss making. Hyhams was going well a couple of years ago but the effective RTO seems to have sent it well off course. Dead money for the next couple of years or so I regret to say.
CEO to review operations. I have never known any review to have a positive affect, as to justify the review matters will be identified that will impact the sp. The second half was not good so this year is almost certain to be poor IMO
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