The IPO should have raised a billion and gone for a launch comparable with the Just Eat campaign. Too small, no TV advertising. It won't work like it should.
The company needs people in the ground to travel to finish the BFS. Hopefully Covid will not delay the study too long and next year's deadline will easily be met.
Looks to me that there may well be another big market wide sell off. I sold out last time and lost out so will ride this time. I am holding mainly cash rich shares.
I suspect the change of government has a lot to do with it. Why would MKA spend more cash if they were subsequently told to get lost by the new boys. Hopefully all good now but market waiting for something concrete supporting the project. Those who buy now face the most risk but could be massively rewarded.