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Oversubscription after UK hours I might add. Just as a comparable, pensanas recent strategic investment and placing was 88p. £1 less than recent highs. That seems to have put a floor under the sp despite iran

"just saying" - I don't know how you guys can be bothered to change logins to give perception that you have a following. YOU ARE TALKING TO YOURSELF, LOL. You cant hide from using the same language from you other accounts. Its just tedious. A sea of green boxes today.

The myles hating makes me smile. No one complained when it ran from 5p to high 60s.

Whoever invests on the back of anyone's say so or because of discussion board actors deserves pain.

These boards are for debate not dialogue. You pick a side.

You either believe in the prospects or you dont.

The lowest are those who flip flop on FUD for entry and exit.

So, there is still insti faith at these low entry points. Good to see the extra £2.5m from upsizing has gone entirely into operational capex split equally between UK and Germany, not into the acquisition, not into working capital. That's a disciplined and credible allocation against a backdrop of management credibility.

They are saying the funding unlocks the ramp up on the same slide, I see your point but its surely a done deal, very specific on the UK portion of capital raise

In addition, the £2.7m German capex line in the raise is effectively worth £6.75m of total investment once EU matching is applied according to the presentation.

It has its drawbacks but can be cracking.

Based upon drantleys AI research.....(Claude this time)

"This is extremely compelling — the MIMplus website essentially describes **exactly** what HyProMag needs. A few things jump out:

**The process description is a perfect match**

Line 144: *"Scrap magnets from various sources as well as new materials can be used"* — they already accept recycled feedstock. HyProMag's HPMS recycled NdFeB powder slots directly into the MIMplus process as raw material. This isn't a theoretical integration, it's already how they operate.

**"Up to 100% avoidance of critical heavy rare earths through complex magnet designs"** — this is significant. Dysprosium and Terbium are the critical heavy rare earths that are most China-dependent and most expensive. MIM geometry flexibility can engineer around the need for them. That's a major commercial and geopolitical selling point to European OEM customers.

**The application examples are telling** — spiral motor assemblies, multipole sensor magnets, Halbach arrays. These are precision EV, robotics and industrial automation components — exactly the high-margin end markets Mkango has been targeting.

**VR-INNOVATIONs Award 2025** — they're active and recently recognised, not a distressed business being sold cheaply out of failure.

**The sustainability narrative is already built** — their own website makes the recycled magnets case with -55% global warming impact data. That aligns perfectly with Mkango's ESG positioning

At £4.33m for a patented, award-winning, recycling-compatible precision magnet manufacturer 9 minutes from HyProMag GmbH, this looks like a genuinely excellent acquisition if confirmed."

Too good to be true? Could quick raise execution be related to a once in a lifetime opportunity.

Time will tell

The spac timeline reminder....

- April 23 - Mkango AGM/Special Meeting (record date already set, so this is locked in)

- June 5 - this is almost certainly the Crown PropTech (CPTK) shareholder vote on their side

- Q2 2026 close - which aligns perfectly with the June EGM, meaning Maginito could be trading on Nasdaq potentially by late June/early July

In essence, the SPAC is not in trouble. It's on a defined, documented, regulatory-filed timeline with TSX-V conditional approval already secured. The bear case on this front is largely dead.

The AIM raise therefore looks much more like bridging operating capital to get HyProMag through to the point where Maginito is publicly traded and has its own balance sheet rather than a sign of strategic distress.

The really interesting implication

Once Maginito lists on Nasdaq, Mkango's 79.4% stake becomes a publicly marked, tradeable asset. That could be a significant re-rating catalyst for MKA itself, separate from anything happening operationally. The market has never been able to properly value that stake - a Nasdaq listing fixes that.

Jack, last placing the Shares doubled in quick fashion

The Germany numbers are the headline buried in the footnotes, yte pricing/cost data for 2027 is actually very significant and easy to miss:

Germany: 750 tpa output, $60-70/kg selling price, $30-34/kg cost - implies a margin of roughly $26-40/kg, or $19.5m-$30m gross profit annually at full run rate

That context makes the £4.3m acquisition look very cheap if it's genuinely synergistic and accelerates getting to that 750 tpa target

Candidates at that valuation level would include:

Sura Magnets - small German rare earth magnet specialist

Magnetfabrik Bonn - a long-established but small-scale German permanent magnet maker, exactly the kind of "synergistic" business that would bolt on well to HyProMag GmbH's recycling output

IMA Antriebstechnik or similar small motor/magnet fabricators in the German Mittelstand

Magnetfabrik Bonn feels like the most natural fit to me, they have NdFeB magnet manufacturing capability which would give HyProMag a direct route to convert recycled powder into finished magnets, closing the loop entirely. At £4.3m it's plausible for a small Mittelstand operation.

The other thing worth noting: the Germany output volume cited is 750 tpa versus 350 tpa UK - Germany is clearly the flagship operation, and acquiring local magnet-making capacity there would be transformative for the vertical integration story

To be fair, they could have been planning this pre Iran. It stinks a bit, but look at the backdrop.

Rbw was at a 30% discount on recent highs today.

Positives, mention of acquisition, so revenue enhancing. Also US institutional investment. When have we had that?

Puzzled isn't the word. Pensana up 5%. Rbw up 10% mka down 5%.

All blue across.my monitor list apart from here.

Cad - it moved 30p in one month, sept to Oct 25 with just 4.6 DFC money for Songwe dev and a 3 mill raise.

End if day sitting at 130mill mcap with 3billion unrealised potential.

Pensana is x3 this mcap with a mine only in 2 years time if all goes to plan.

I would argue in 2 years, with US Hypromag and potential ground work for songwe and pulwy well be higher valued.

"And when they were up they were up,

And when they were down they were down,

And when they were only half way up

They were neither up nor down."

Are you related Benny?

Lor, get your own life and make your own decisions. If you follow like a sheep and dont do your own research, who is to blame.

Rest assured, if you were a holder here, you will be fine.

Benny, Benny, Benny, Kat.

"Hedging my bets. Cut half #MKA holding at 40. Not keen on doing it as bought higher but if no news next week, pencilled in 35p. If there's news, then can always get back in, but, admitedly, higher.. But been looking weak for a while. Questions about full funding not helping"

Make your mind up. Macro shocks come and go. You are continually sowing short term FUD and its now affecting you own short term trading. Buying at 45 when sayings its been weak for a while, selling at 40p touting 35p now. You will lose too much sleep trying to hit the perfect entry. Try and hold something for longer than week and also stop talking to yourself for a tad.

The hard on evidence. Mka impacted most

Consumate m.mcnulty hater from avacta

The hard on continues. Pensana and rainbow unchanged

News updates with tangible numbers to assess are the only things that derisk, rerate and attract new buyers. Its up to MKA management to provide those updates. Silence to me on UK and Germany progress only goes so far.

This year has potential to have greater upside than last. The hard on the mms have fir mka will continue without clarity. Hopefully we will get some soon from our new "PR Team"