Market's view on Mkango Res
Published on April 2024
- Neo-dymium reported a positive bounce due to shortage fears related to other rare earth elements, expected to show economic improvement.
- MKA’s visibility has increased, noted by their active social media presence and coverage in a BBC piece.
- Cotec’s CEO hinted at a significantly undervalued market cap and anticipated news flow regarding the MKA project in the US, UK, and Germany focusing on recycling partnerships.
- MKA’s market cap considered too low compared to its revenue-generating ability, expected to realign as financials are disclosed.
- MKA might sell or downsize their interests in Malawi.
- The importance of diversification in the Rare Earth Elements (REE) space highlighted, with a shift towards recycling seen as increasingly important.
- Funding has been secured for MKA, with revenues and a re-evaluation of plans in Malawi on the horizon.
- Discussions about MKA transitioning from mining and refining to primarily recycling.
- A new Mining Development Agreement for MKA’s Songwe Hill project is underway, indicating government support.
- MKA seen as undervalued in the market, indicating potential for growth.
- Expectations of increased strategic interest and investment in MKA, particularly with developments in recycling in Germany and a processing plant in Poland.
- Suggestions of an upcoming merger of HyProMag business partnerships into a global entity and potential US floatation.
- Continuous buying activity in MKA stock observed, indicating positive market sentiment.
- Speculations on government support similar to other rare earth projects which could benefit MKA.
- Anticipated budget approval by Malawi government with focus on mining could positively impact MKA.