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I also made the statement that MKA was an underperformer vs our US peers to you a while back @ EDSUK.

I apologise, I was very off the mark. From April our performance is far greater on a % basis than MP & USAR. UUUU is similar however, when you over lay them with MKA & let trading view do its thing.

Again, I really thought we were lagging but in terms of raw sp performance we are out performing our US peers, its just our Mcap that lags significantly.

I just overlaid the MP & MKA chart; for some reason I've never done it before because I really didn't think they corrolated. But wow was I wrong.

If anyone uses trading view I'd recommend doing the same.

I'm a bit disaspointed tbh, I thought we were far more disconnected from the big names than is the case.

Either way I think MKA has several USP's & certainly isn't over inflated so hopefully this is an opportunity to catch up & we diverge if equities across the pond continue to struggle.

From a quick google it looks like the contract value was in excess of $1bn, although no way to tell how much of it has been realised.

So I suspect without such a major contract in the pipeline the ability for creditors to get their money back is diminishing.

At this stage I suspect the debt holders are in control of the company but Petrofac as a whole don’t have that many assets as it’s mainly a people & consulting business, maybe with the exception of some owned & operated assets in SE Asia? So I suspect creditors will continue trying to keep It afloat to get something back as there isn’t much to divest for material capital.

Anyone that knows more, I’d be keen to understand.

Yep if we close above ydays close it’s one great looking candle stick & bullish daily reversal.

Most of my orders executed 8s after the bell looking at IBKR @ 52p but got a small amount away via live quote on IG low to mid 51 from memory; away from computer the computer for a bit.

My only reservation here in not calling a bottom is that when MKA goes from being overbought on the RSI it usually has to pull back a bit more on the daily before reversing. Whether true market mechanics or how the mm like to play it who knows, but the pattern usually looks to repeat itself.

Same, have added back 35k, hit the 50p mark I was looking for. Didn't fully expect the opporunity so soon.

We could dip to 46.9p & re-test previous highs in an extreme move but hopefully 50p holds. If we do, I'll add again.

I will never touch ARCM again & haven't for many years so there is little interest in driving the price higher or lower if that is what you mean.

Just thought I'd share my thoughts on the situation given I've been following for the best part of a decade now, sadly. I feel for those that have held & I myself have been burned on similar story stocks in the passed so I know what it feels like.

NVS is a complete waste of space that lives a handsome life on the back of share holders here.

Been following ARCM loosely for many years. I was involved pre & post Covid and my conclusion is that ARCM is nothing but a lifestyle company for its directors.

NVS is a known lier & is absolutely useless. The company has literally done nothing in 5 years apart from completely destroy share holder value while him & his friends / family sit back cashing in pay cheques. There is no reason to believe anything will change. Anglo walking away from the supposed JV, regardless of reason, says it all. Who would want to get involved now. Its the biggest red flag to any of other party that were once interested.

The best thing you can do is cut your loss, move on & stop giving these guys your money in the hope that it one day the company becomes insolvent. Harsh but reasonable, nothing will change here. Anything else is complete delusion.

Closed all my positions across the pond after hours.

US looks like it could be starting to see a pull back. Only positions I'm keeping open are MKA & AVCT.

Way to frothy over there. So we could the rare earth names over there continue to pull back. CTH was also hit I see, watching closely as I'd like to get involved in that.

I'm a bit annoyed at myself I didn't buy CTH across the pond. Only really looked at for the fist time after it had broken out, probably on the back of a comment in here but really should have been onto that as well. Watching it more closely now as I'd like to get involved in that too if the opportunity presents without having to chase it.

I don't think there is anything to be concerned, or equally surprised, about in todays price action.

MKA behaves relatively predictably when it comes to basic charts & patterns, or has done thus far. Which is probably a combination of true collectice market psychology & market makers playing into it, which in turn generates more volume for them because a greater proportion of holders are more willing to step out of the 'buy & hold' mentallity if they can make a bit extra cash trading technical moves on the side (myself inlcuded) - taking the risk that news lands & your out of position.

It's unlikely to be coincidence the biggest multi year fib level (+/- 74p) was hit bang on & we paused for breathe. I had a 71p sell order that took a while to execute once we started hitting the 73p area so it was obvious others did too. And buying volume dried up, which to me signals whoever was buying in volume also recognises these levels.

When you look historically when MKA gets stepped up it can often take a 20 - 30% peak to trough before the next leg. In this instance this coincides with roughly 60 - 50p which are also psych levels. Given the back drop I'm not going to advocate we go to 50p, my long bias is very much intact, but it is the support level on the 4hr if your looking for a previous battle ground above the previous move ATH. I'd also note the recent rise was much more agressive than others so the chances are there is greater buying pressure in the back ground waiting to take advantage of any pull back much sooner & any trend reversal will get eaten up.

Liquidity & mcap hurdles are one the biggest limitations to ii investment with strict rules on being able to open or close a position without impacting stock price beyond a certain threshold, or their overall position is limited to a % of mcap. Which of course can be overcome under special circumstances.

Greatland had the advantage of a much bigger mcap & considerable stake building thru significant capital raises over the years to facilitate this.

Perhaps I am biased because I’ve heard the ‘Americans are waking up’ theme many times over the years. Either way I eagerly await the TR1s in the coming weeks.

I think the majority of investment in MKA is domestic personally as most US ii won't be able to buy MKA given their restrictions on Mcap size, liquidity requirements & listing market. When compared to US equities (MP, USAR, UUUU etc) UK equivalents underperform so I would not expect them to see a junior listed UK stock as an appealing trade (or investment) when you are guaranteed better performance on the NASDAQ or US listing. Hence the reason for MKAR spin off; to get US investment & hopefully at an institutional level. There's no need to find winners across the pond with so many on your doorstep.

Regards, HNWI's, this is more likely, word on the street thru Cohen brothers will defintely reach several wealthy ears but again you get better equity performance on US markets than you do over here & it's also not all that easy (or possible) to buy Uk listed AIM stocks via many US brokerages, even IBKR UK (one of my brokers) isn't ideal for AIM listed trading but it works.

By no means a deramp because the buying pressure has been phenominal & I don't deny that but I suspect its coming from within the UK / Europe.

For the technical traders the major 100% fib level from lows & the 39p breakout was hit yday, marking an important milestone.

Wether purely trade driven or market makers playing into this prophecy it may pause here for a bit while people shuffle their stock around.

Lots of people will have limit orders set at key levels; myself included. Although none have been hit yet.

Selling into liquidty is what you want to do on relatively illiquid stocks, hence why people choose to do it on strength. Again, I have not sold any thus far for a long time but its a practice many will use.

I suspect what the RNS is aluding to is the possibility of the debt holders taking control of the company which will give them the authority to restructure the business, including spinning off (creating an independent entity from a division or subsidiary) or divesting (selling, liquidating, or otherwise disposing of) parts of it. This is a relatively common outcome in corporate restructurings. The Petrofac entity would cease to exist & therefore could not return to public trading unfortunately.

That wasn’t directed at you ESD, apologies if it appeared so.

It was just a general comment in response to seeing people being referred to as idiots or short sighted because they might be selling. Nobody is foolish for taking some profit & buying a new car, taking the family on holiday or buying a new phone. It’s why we all do it in the end of the day.

I’ve not sold anything here since the last major move to 47p but have new targets which I’m sure we’ll hit in time, but I’ve always got a one foot out the door trading around a core position. I’ve experienced to many life changing sums reverse on me over the years.

In saying that I have a feeling MKA may be that gem doesn’t & becomes a real AIM success story.

> 99% of holders are in profit at this point. I wouldn't blame anyone for taking money off the table, especially for those who could be sitting on a 10 bagger since last October.

We hit a new high as part of a >70% move in 2 weeks, back tested the previous high, give or take a few fractions of a pence & appear to of bounced from it.

Everyone's playing their own game.

Yeah ESD looking great from my view point, decent head room on the RSI to really motor.

Not much to do but sit back & see where the move goes. Into price discovery territory now. :)

Drew a couple channels on the chart earlier & fibs.

Looks like we're obeying the 'red' channel for now that started early July; hit the UTL bang on. Let's see where it goes from here.

https://x.com/StephenOakmont/status/1972578088946114804