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Mkango Shares soar after it does a deal with Noble - what er...this Noble?

By Tom Winnifrith | Thursday 16 November 2017


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.


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.


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