Reply To: Mkango Resources

#4731
Nick Hargrave
Keymaster

https://www.londonstockexchange.com/news-article/MKA/maginito-to-acquire-rare-earth-magnet-recycler/15957532

There has always been some expectation that MKA would increase its holding in Maginito, but to move straight to 100%at this stage is a strong signal of the value that the company see in this business. The structure of the deal looks good with earn outs (with cash / share mix at company’s discretion), though we are obviously frustrated that shares are being issued at a time when the market is attributing such a low value to them. However, such opportunities come along rarely we trust that management have seized the moment to capture additional value for shareholders