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Just realised we are at all time high. Amazing recovery from the pervious high the the company had no MDA or hypromag.

What a transformation

A lot of reported sells are buys. All PI, well the ones we can see. Once the dust settles I expect a.rise.to.the close

Anyone else think it's strange that there has been zero Sunday paper coverage?

I have a few pennies now waiting for a top up tomorrow when it clears at midnight.

I wonder if a shake is attempted. I think that will be very risky. Something tells me that this may open up 10%

Thing is, given the 400mill valuation for mine/refine giving a value of 90plus pence. The rest of the business means an offer must be 150plus today imho. Bear in mind pre songwe BCA it was valued at 50 million.

Just my humble opinion

Yes, AI can only deal with already known information when calculating value too. It gives a base guide but doesn't consider macros, politics and future basket prices.

For example, I get sick of commentators stating the DFS for Songwe isn't economical. It was the same for Pensana. Yet Pensana was funded and Mkango have received initial valuation of 400mill for the project. Its bigger than micro economics.

Don't forget the China basket is currently manipulated by them, it's not a true price. Premiums will be paid for secure non China supply chains on safe territories.

Here's another AI thoughts. 2928

Estimated 2028 Valuation

- **Total company valuation (including core assets and HyProMag UK, Germany, and US ramp-up):** $825 million

- **Shares outstanding:** 327 million

## Implied Share Price Calculation

**In USD:**

$$

\text{Share Price (USD)} = \frac{\$825,000,000}{327,000,000} \approx \$2.52

$$

**In GBP (using 1 USD = 0.78 GBP):**

\$2.52 \times 0.78 = £1.97

£1.97 \times 100 = 197 \text{ pence}

## Summary Table

| Metric | Value |

|-------------------------|--------------|

| Valuation (2028, USD) | $825 million |

| Shares Outstanding | 327 million |

| Implied Share Price USD | $2.52 |

| Implied Share Price GBP | £1.97 |

| Implied Share Price (p) | 197p |

**Note:**

This is a theoretical estimate based on projected business values and assumes no major dilution or changes in share count

Could be wrong but the AI needs to work on it's shares in issue. 100mill plus too many

Chrisbot

I'm in, assuming Brits are allowed and you are not all Aussies

Thinking working capital and potential additional jurisdiction plan (Canada, India or Japan). Hypromag feedstock isn't free either.

Agree on single institution. Pensana did one after mine project was financed. It was group level with M&G.

Question: Good time for a fund raise placement at a premium to get one or more institutions on board and sure up the books through to US production?

100milion market cap (30p) has now added MKA to the radar of institutional investors.

Remember this snippet?

"As designated Strategic Projects, Songwe and Pulawy will benefit from coordinated support from the EU Member States and financial institutions, in particular in terms of access to finance and in supporting projects by facilitating connections with future off-takers"

This is just EU. The US are frothing at the mouth to nail down supply chains in their favour.

Lost in comms Gallmat, it was concern with a nod to sarcasm. Apologies, offence wasn't intended. This board is better than that.

Glad to see you are well. Your presence was noticeably missed. You need better PR 😃

Reported buy sell ratio is hilarious. More sells than buys today apparently hmmmmmm lol

Where is Gallmat?

How you are well? Your absence is strange. Usually complaining about the managemnt team and moving into Cotec.

I hope you left a bit behind. Cotec will come good too of course but they are outside looking in on the nasdaq valuation until the recycling follow suit next year imho.

Can't wait to see the LARGE delayed buys over the next hour. I reckon 5 million at least

Last week(s) 50k sells would douse the upward pressure now they just fan the flame. People are waiting for your float

Institutional investor radars have now been breached. Imagine what next week holds with UK hypromag news.

Esduk,

Must be a 100k plus Friday for you, wifey will be booking a cruise.