RE: I7 Nov 2025 11:08
The way I look at it (I don't trade and haven't sold any MKA), is that if you ignore the US-China trade war bubble and the recent MKA specific pump spike, MKA has increased nicely over the past few months. Closing in on a fairer valuation, but still not there.
The fundamentals of MKA are still strong and, I believe the risk/reward balance is still massively skewed to this being an investment of huge potential.
I think I first bought MKA in Jan this year and my biggest worries were cash and complexity of company structure. I do wonder if the latter makes external investment more challenging, but the positives for MKA far outweigh that niggle.
I honestly think MKA is prime for a TO, I just don't see any outfits exChina with a near-term route to materials. And the mine-refine-recycle model ticks so many boxes. Plus, China still have everyone over a barrel, so that 'US-China trade war bubble' is very real and pressure will come to bear again.
As always, patience is key here......but I am normally a pretty optimistic individual.