how do I formalise “there exists a real number whose multiplicative inverse is $5$” ?
Directly, without invoking reciprocals: $$\exists h{\in} \mathbb{R} \quad 5h=1.$$
$\exists h{\in} \mathbb{R} \quad \dfrac{1}{h}=5\tag1$
$\forall h{\in} \mathbb{R} \quad \dfrac{1}{h}\neq 5\tag2$
Do the two statements contain mathematical nonsense,
or are they actually not negations of each other?
Unlike sentences like $3\text{ implies and }1+1=2\tag*{}$ that violates syntactic rules, sentences (1) and (2) are well-formed, so certainly are logical negations of each other, having opposite truth values under every interpretation in which the expressions involved are well defined.
However, statement $(2),$ as well as
- $\frac10=5$
- $\forall x{\in}\left\{0,\frac15\right\}\;\frac1x\ne5$
- The reciprocal function with domain $\mathbb R{\setminus}\{0\}$ is continuous at $0$
- $A=\{x\in\mathbb R\mid x \text{ is “large”}\},$
are arguably ill-posed and semantically invalid (non-meaningful rather than merely false), as they refer to objects or concepts that are either undefined or ill-defined. Similarly, talking about a table's tail would be an illegal attribution.
Nonetheless, in mathematical practice, it is fine to treat these statements as false—and this is indeed often the case—because the intended meaning is usually clear since the context generally excludes the "problematic" cases from consideration.