2353 days ago
Shares in Mkango Resources (MKA) rocketed last week after it announced a tie up with Singapore based Noble Group which committed Noble to invest £12 million to get a 49% stake in Mkango's Songwe asset. But folks fail to appreciate that there is no guarantee that Noble has the cash to meet its commitments. It's bonds are junk rated and it is quite simple fecked. And it gets worse.
2354 days ago
The RNS from Mkango Resources (MKA) reads well. It has done a deal which sees Noble Group farm in to earn a 49% stake in the company's rare earth's project at Songwe by spending £12 million on the ground. But there is a bit of a caveat that bulls opt to ignore.
