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Mkango Resources Cmn Shs Npv Di

Current Price 7.21p Bid 7.20p Ask 8.00p Change 0.00%
Last Updated: 18/11/2019 19:12. Prices delayed by at least 15 minutes.
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Company Overview

Mkango Resources Ltd's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as the warm heart of Africa. Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100% interest in two exclusive prospecting licenses in southern Malawi, the Phalombe licence and the Thambani licence. The main exploration target in the Phalombe licence is the Songwe Hill rare earths' deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s. Mkango completed an updated Pre-feasibility Study for the project in November 2015. Mkango's strategy for Songwe is to further optimise the project with a view to maximising efficiency and reducing costs, thereby providing a strong platform for entering into partnerships, marketing and offtake arrangements. In December 2016, Mkango entered into an agreement with Noble Resources to collaborate in the rare earths sector. In September 2017, Mkango signed a binding joint venture principles and exclusivity agreement with Metalysis for advanced alloys using neodymium or praseodymium with other elements for magnet manufacturing. Following successful Phase I production of a neodymium-iron-boron (NdFeB) alloy powder using Metalysis' solid-state technology, the Phase II R&D programme has commenced. NdFeB alloys are used to make permanent magnets, critical components of most electric vehicles, direct drive wind turbines and many other high growth applications. Neodymium is also a key component of the Company's Songwe Hill rare earths project. The main exploration targets in the Thambani licence are uranium, niobium, tantalum and zircon.

Financial Highlights Year Ended 31/12/2018

Turnover
£0.00m
Operating Profit
£-6.87m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-1.15

Key Personnel

William Drummond Dawes
Chief Executive Officer
Alexander Mark Lemon
Executive Director
Derek Norman Linfield
Non-Executive Chairman
Adrian James Reynolds
Non-Executive Director
Eugene Chen
Non-Executive Director
David Andrew Berg
Non-Executive Director

Stock Details

EPIC
MKA
ISIN
CA60686A4090
Shares in Issue
133,000,721
Market cap
£10.11m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
7.60p
Bid Price
7.20p
Ask Price
8.00p
Volume
10506
Change Today
0.00p
% Change Today
0.00%
Open
7.21p
Previous Close
7.60p
Intraday High
7.21p
Intraday Low
7.21p
52 Week High
11.50p
52 Week Low
6.25p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Mkango Resources  Cmn Shs Npv Di Intra-day Chart

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
0.1
0.0
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
0.0
0.0
Total Non-Current Assets
0.1
0.0
Inventory
0.0
0.0
Trade & Receivables
0.1
0.3
Cash & Receivables
2.4
0.7
Other Current Assets & Assets Held for Resale
0.1
0.0
Total Assets
2.7
1.0

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
1.6
0.6
Long Term Liabilities
0.0
1.7
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1.6
2.3

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
1.1
-1.3

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
10.6
9.3
Minority Interests
-3.9
0.0
Retained Earnings
-9.5
-14.3
Share Premium Account
0.0
0.0
Other Equity
3.9
3.7
Total Equity
1.1
-1.3

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
-7.3
-0.7
Cashflow Before Financing
-7.4
-0.7
Increase / Decrease in Cash
1.7
0.3

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
0.0
0.0
Cost of Sales
0.0
0.0
Gross Profit
0.0
0.0
Operating Profit
-6.9
-2.5
Pre-Tax Profit
-7.2
-2.5
Profit / Loss for the Year
-7.2
-2.5
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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