Fellow shareholder in Metalysis, Noble Group, invested in January 2018 ~$11m in Malawi rear earths explorer Mkango. Looking for neodymium and praseodymium for permanent magnets.
https://globenewswire.com/news-rele...ongwe-Hill-Rare-Earths-Project-in-Malawi.html
Noble Group is in serious financial difficulty and has been taken over by bondholders.
https://www.bloomberg.com/news/arti...s-that-losses-for-2017-may-approach-5-billion
Perhaps ILU would be interested in taking up the interest - at a discount of course. The Noble shareholding in Metalysis is probably non-core too.
Yeah, ok, i'm bored tonight.
Ash
Mkango and Talaxis
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Last
$7.04 |
Change
-0.260(3.56%) |
Mkt cap ! $3.012B | |||
| Open | High | Low | Value | Volume |
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| $7.05 | 1096 | 1 |
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| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$7.05 |
Change
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| Last updated 15.59pm 19/04/2024 ? | |||||
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