Member Info for Fevertreeman

Merely pointing out that views might not in future be aligned between principal parties - so Ian Hannam & Cohen have an important role in ensuring that all singing from same hymn sheet. And I laughed at your comment about risk averse approach, as my average is c11p,and I took some off the table as it got overheated in the autumn c60p....have drip-fed back in c43p

Interesting RNS but isnt going to shift our share price because as others have pointed out its a concept study.....and god knows we've seen many of them at t'other companies.

What today's news signals to me is that Treger is calling the shots, front-running newsflow, and our guys are hanging onto coattails. Treger is pushing the envelope ( investment case, revised figs etc,) & creating lots of noise around US prospects to gee up potential US govt interest & Cotec potential (his own investment vehicle). Unless our chaps are very careful, they will cede management control of the future to Treger, which could end up being tricky .

What we need to see to underpin the sp and partly derisk MKA is definitive news on Mines listing in the US. Not our boys fault that the US government shut down last Q, thus delaying progress and gumming up the pipeline of listings. Treger is a not where the attention needs to be, Cohen & Co absolutely is!

Frankly give that the carpet bagger Adams is in charge, the only point at which this gets derailed is when the first gold gets extracted, smelted, sold & shipped. And that ain’t happening before 2028….

Pinocchio Adams strikes again… Winnifrith has been played again. The man is a con artist - desperate nonsense about 5m oz at whatever gold price is etc…is an attempt to distract from the fact that we still don’t have full funding let alone completed infrastructure, relocation, a built mine etc etc etc. Adams is making fools of his investors yet again - look at the guy’s age and work out whether he’ll be around in 3 years time? I doubt it: my guess is that he is going to flee the coop well before then. Value of Kefi - who knows? No one who has followed this rogue’s utterances over last few years should be surprised, least of all Winnifrith

Nigeria has lived with Islamist insurgence for years - most of the population will be relieved that Trump has shown he’s willing to get engaged. SP reaction not a surprise in absence of some sustained good news from PZC which we haven’t had for a long time.

I’m much more concerned by the CFO appointment which I think is dreadful - a lousy appointment! The woman has no FMCG experience, no emerging markets experience ( I don’t count interim gig at basket case Severfield as valid), and a cv that is less than glowing. Looks very much like Manchester mafia at work. How on earth she was best candidate is completely beyond me - not a good omen in my book. Myers has to deliver in ‘26 or PZC needs to be put up for sale as this management team will have proven independence is not the best option.

Nice summing up ! Group has huge expertise in rail, surveillance, defence and critical infrastructure, and yet no value is accruing to the owners - the shareholders. If the rate of progress being exhibited continues, unless the share price responds and the share register starts to reflect that, I would not be at all surprised if the dodgy Abdullahs try and take this private. They spent £2.4m of cash pile buying Affini in summer last year with the issue of a measly 325k , so having the listing isnt helping

Going forward expect Hannam to play an increasingly important role in the development of the investment case and building an institutional base. Ian has a the track record that with best will in world the other advisers lack. Well timed appointment in my opinion, that will give compfrt to the like of Tlaxis. Andf yes, Will & Alex need to build out the management bench strength, assuming that is that is their vision, as opposed to just becoming a financial holding company, with share stakes in operating companies....

If I were management team and new advisers, notwithstanding the cost, I would be seriously be contemplating moving the listing onto Main Market, once SPAC is out of the way. They will need serious institutional support and that isnt going to happen on AIM, because institutions, bar micro & small cap, have all but given up because of poor governance, lack of liquidity, inability to build meaningful stakes etcccd... That would be the clearest signal that WIll & Alex are really intent on building a proper company and bring some proper names onto the register.

Good upgrade and positive announcement. CoTec certainly putting the pedal to the metal, and moving as fast as they dare to. If only the same urgency being show by UK govt and EU.....the anaemic sp reaction post earlier euphoric moves doesnt surprise me. The company is still pre revenue, pre earnings and reliant on subsidies and grants for cash. The big change will come when Cohen finally gets to list the mines, because then there will genuine tangible value, that the CO can leverage. The tie up with CoTec is encouraging BUT the real driver of value is the SPAC, and frankly it cant come soon enough. We will all breathe easier when it happens because IMO it significantly derisks our investments and increase the take out price should a predator appear .

I tend to agree....whole sector in doldrums but we've been particularly hard hit by the economic illiterates masquerading as a govt of growth. Fundamentally UK can't walk away from wind if Lab want to meet net zero targets, tho' clearly investors have !

What will help address the mega discount: actually there's a number of potential catalysts:

1. BOE lowers interest rates

2. Policy uncertainty removed over subsidies & decision not to mess with subsidies / choose Option 1

3. Better power performance now we're in windy period

4. A much more robust defence from Schroder & the board over NAV

5.....another buyback

the utter confusion in government policy is there for all to behold isn't it: the mad monk miliband backing net zero to the hilt, destroying north sea o&g....and then deciding for cheap political points to destroy the subsidies regime. meantime rachel from customer complaints warbles on about growth while implementing tax measures that make risk taking pointless. the real danger is that as ukw pointed out the likes of macquarie, eqt and others will just say "f*** you miliband & reeves! you don't understand long term infrastructure, hate the private sector, and are not trustworthy partners. you're on your own! we're off to do new investments in jurisdictions that support us, run by politicians that understand infrastructure"

given ukw share price - i feel that share buy back no.3 must be being readied on the stocks, which given the lack of other attractive options and barring a decent interest rate cut, makes sense.

having read the various submissions from ukw , foresight, the aic, and others...it is only when i started reading the submission from the consumer association that i realised just how deep in the **** we are a a nation: no arguments beyond trotting out the dept line about " excessive profits". truly infantile stuff. when you have policy wonks in charge of economic and tax policy like the pointy head torsten bell, you realise just how utterly at sea labour is

Petards share price performance being impacted by 1) shocking lack of effort by board to promote the company. IR non existent and the website is shameful. (2) 3rd brokers like Hybridan who despite acknowledging growing order boom are so inept that with 3 weeks left of 2025, astonishingly the analyst has yet to produce an earnings forecast for coming year so no forward PE. He/she is worthy of the title analyst

Blue chip client win from two of Europe’s biggest defence contractors is fantastic. 3rd cylinder of the business starting to rev up ; 1st cylinder still spluttering as the rail industry continues to have problems and Labour don’t seem in any hurry to upgrade / invest; QRO still crown jewel and Affini the 4th cylinder proving it seems a smart purchase. Business- wise looks like there will be a genuine upswing at some point….,the Issue remains that at £4.5m market cap there no institutional interest and unless/until the Abdullahs actually start to genuinely promote the company and make the investment case I fear we will continue to be very undervalued.

Corporately

Hannam specialist natural resources investment bank/ broker, with very strong institutional connections. Notwithstanding Ian’s penchant for self publicity up his military creds, am very pleased to see them onboard because this adds real weight to the advisery team. Hannam won’t have climbed onboard unless they’ve done their calcs about success vs failure

Share price unsure which way to move - long term fundamentals remain excellent (wont repeat why) but short term, we need some positive news to calm the nerves. My main concern remains news on the SPAC - US govt shutdown shunted it out to '26, but as yet Dawes &Cohen have not confirmed likely timings. If they do, I think it will threaten share price (given its a strategic linchpin), so I'm hoping that when they finally give us the update, there is enough red meat, concrete progress to limit any downside.

. Treger was given a four-year cold-shoulder punishment this week as a result.

And while Treger continues to pump up the volume in Canada, a word of caution . A senior banking chum reminded me that's its only last summer that UK Takeover Panel publicly censured Treger - "cold shouldering" him for 4 years, barring him from working on UK takeovers - its most serious censure. It came after the Panel's most complex investigation in its 50+ year history, to do with Hotel du VIn et . Wont bore you with the detail - go see for yourself -but worth repeating what the committee report wrote that Treger had "systematically and deliberately misled the (Takeover Panel) executive in his dealing with them" In his defence, Treger complained loudly about the Panel and its investigation but it didnt change the outcome that his reputation in London isnt great. He's a great operator & has built a strong reputation in resources world, which isnt exactly averse to colourful characters. My point is mentioning it is this: as MKA shareholders we should be aware who our bedfellows are. Lets hope Will Dawes is savvy enough to ensure that he doesnt get outmanoevred by Treger

And yet the Company does nothing to promote itself with investors...its shocking

Why would there be a reaction ffs...the Uni of Birmingham prof mentioned in Notes for Editors. Mkango nor Hypromag covered in theactual text of teh release...its all about Cornwall

5/6th biggest economy in the world....this is a massive + for UK...we have load sof expertise..trumpets sound, names gathered, called made from Civil Service, Starmer quoted + his usual favourite vaporware phrase "laser-focussed"..and the result? A pathetic, paltry, insulting £50m in UK government support,; we might as well shut shop, and hand back the keys as a nation

To put that £50m in context to support a world class, growth sector...Labour spent around £108m a month on housing asylum seekers in hotels in 2024/25.

despite the share price gyrations, and overheated nasdaq in us, its the strategic value of the sector that underpins mka investment case. and whilst folk fret about whether mka's valuation etc elsewhere major players are staking claims and betting on ree. may have escaped people's attention here, but in the last 2 days australia's richest person, gina rinehart ($38bn) who runs han**** prospecting, has become the biggest shareholder in mp materials, lifting her stake to 8% , and making it the biggest holding in han****'s investment portfolio. so post the dept of defence deal with mm, she's clearly see that she needs to have a stake given the big picture....and of course the yanks have just signed a deal with the aussies...so the players are making their moves on the chessboard. meantime, in uk, staremr & wrecker reeves are focused on bloody free breakfast clubs for primary kids!

Just out of interest what are Barrington's competencies?