UK 18:29 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Oh dear. Oh dear. This looks like another disaster for the lying criminal market abuser Chris Oil who in October put £100,000 into bankrupt TSX listed Mkango Resources at 2.5 Canadian Cents. The stock closed Friday at just 1 Canadian cent with 100,000 shares traded - that would be £500 worth of confetti. But it is not the lobster pot status of Mkango that should really trouble the twerp Oil....it is the ominous silence.
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Comments
Alan Mills
Yes it looks increasingly unlikely any IPO will now occur, and who on earth is going to invest in any financing at this price?
In Canada the minimum financing price is normally 5c (there can be special exceptions) they would have to roll back the shares to increase the shareprice to the minimum.
This stock is not exciting, rare earths are no longer the hot metals they once were, and this is light years away from any sort of production,never mind profit.
This looks to be toast in my opinion.