Read on Twitter
Interesting developments at #MKA. Talaxis opting to forego a 100%+ profit on its £0.8m warrants (it could have placed them out with a broker at a large discount to the prevailing price, and still taken 100%+ from 6.6p).
Why? Options:
Doesn't have the cash? Find this very... 1/8
Why? Options:
Doesn't have the cash? Find this very... 1/8
...hard to believe, given its other recent investments in the space, and the fact that its parent company recently reported a gross cash position of $500m+.
Or #MKA doesn't need the cash? As largest shareholder in the TopCo and 49% partner in Songwe Hill, Talaxis will... 2/8
Or #MKA doesn't need the cash? As largest shareholder in the TopCo and 49% partner in Songwe Hill, Talaxis will... 2/8
...have intimate knowledge of #MKA's BS. Evidently, no further cash is required by the TopCo. Perhaps the funds are being reserved for injecting into Maginito instead? @MkangoResources will want to get hold of more equity in HyProMag ASAP. The dream would be to acquire the... 3/8
...the remaining 51% of HyProMag that #MKA doesn't have an option over, using its paper. I think that would drive a dramatic rerating of the SP (and its valuation is already significantly lower than the peer group average, based on $/t resource).
4/8
4/8
Or maybe Talaxis is saving its £0.8m cash for other corporate activities?
The appointment of M&A specialist, Bacchus by #MKA; Talaxis' tie up with Chinese major Chinalco Guangxi (see below link); and CEO's recent words (below) all point to something major afoot at MKA. 5/8
The appointment of M&A specialist, Bacchus by #MKA; Talaxis' tie up with Chinese major Chinalco Guangxi (see below link); and CEO's recent words (below) all point to something major afoot at MKA. 5/8
CEO statement, RNS 04.01.21:
"... #MKA is uniquely positioned in the rare earths sector, where we anticipate increasing market focus and corporate activity."
6/8 https://uk.reuters.com/article/us-china-rareearths/noble-unit-signs-mou-to-supply-rare-earth-products-to-chinalco-guangxi-idUSKBN1YD0X9
"... #MKA is uniquely positioned in the rare earths sector, where we anticipate increasing market focus and corporate activity."
6/8 https://uk.reuters.com/article/us-china-rareearths/noble-unit-signs-mou-to-supply-rare-earth-products-to-chinalco-guangxi-idUSKBN1YD0X9
In my mind, rare earths (esp. NdPr) are the most important of the green metals.
Like the battery metals (Li, Ni, Co, C), they're key for the EV revolution (REEs are used in the traction motors)... But on top of that, REEs are used in military applications.
Throw in the... 7/8
Like the battery metals (Li, Ni, Co, C), they're key for the EV revolution (REEs are used in the traction motors)... But on top of that, REEs are used in military applications.
Throw in the... 7/8
...fact that there are only 2 major producers of NdPr outside of China (in Australia and the US) - and it's clear to see why there's an additional factor in play in the REE industry (over other green metals): a political one, National Defence.
#MKA - a prime takeover target. 8/8
#MKA - a prime takeover target. 8/8
