RE: European Raw Materials Week, Brussels21 Nov 2025 13:10
@esduk
You make good points, but as a former holder of vanadium producer BMN, which was strongly tied to renewables/batteries/aerospace and eventually went bust because it tried to run before it could walk (and the CEO was corrupt), I'm wary about accepting growth predictions tied to future demand from certain sectors.
You say "We don't care whether some pre-revenue or unprofitable AI companies tank or go bust" - well MKA is pre-revenue and requires private placements to survive. Should the AI bubble trigger a market crash, it won't just affect AI companies but the whole economy. Of course, the big tech will survive, but as BMN proved, non-profitable companies struggle to keep the lights on until investment returns.
If you believe too many of the pump merchants (not suggesting you're one), you can easily think the things you describe will happen in a short-term timescale, the reality is typically very different. There is definitely major potential in MKA, but until the dust settles on this AI bubble, it's edging increasingly towards risk in the short term.
Of course, I could be completely wrong and wish all shareholders good luck. I will certainly keep my eye on MKA.