Mineral & Financial Inve... Share Discussion Threads

[callumross] 22/9/2016 13:45

£282,500 as their share of the FCR Crestgate money for a £148000 investment a year ago and the Portugese assets thrown in for nothing. Not a bad bit of business!

[callumross] 06/9/2016 09:11

Positive update - NAV up from 6.5p at 31st December to 7.5p at 30th June and this would not take into account the uplift on their silver investment and the possible significant uplift if the FCR deal goes through. Looks like they are still valuing Cap Energy very conservatively.

[baz9707] 03/9/2016 08:13

From FAR on Thursday
This is the area Cap have a JV with them.

Undrilled exploration prospects with
>1bn bbls (unrisked) potential
• New joint venture 2015 3D seismic
shot along trend from SNE
• New FAR Djiffere 3D seismic earned
FAR option over 75% W.I.
• Preliminary processed seismic
products now at hand and final
products arriving Q3

[baz9707] 23/8/2016 07:27

Reference cap energy JV. News soon on 3d.

FAR will provide a statement on SNE commerciality, plus update Senegal prospective
resources*, including the Djiffere block, in coming weeks.

[baz9707] 19/8/2016 08:50

By the looks of things another buy will push this higher.

[ryan83] 15/8/2016 14:11

CAP Energy new presentation. What this means to MAFL?



NAV_____________Risked______Unrisked
$_______________19,000,000__186,000,000
MAFL @ 1.34% $__254,600_____2,492,400
MAFL @ 1.34% £__198,588_____1,944,072

seems CAP Energy still forging forward. Some huge targets there

[ryan83] 08/8/2016 08:34

Callum MAFL are about to do some more deals that is clear. Get the FCR deal wrapped up and we will find out exactly what these are.

[callumross] 05/8/2016 13:59

Good summary - a bit of guesswork inevitably involved as to the value of the unlisted assets- Cap Energy is so rarely traded that it is hard to gauge its true value - that is the first I had heard that they are planning to relist on ISDX. Equally the Portugese assets could be worth a transformational sum to MAFL or equally nothing! Happy to hold and will snap up more on any pullback caused by the day traders with the timescale of a gnat.

[ryan83] 05/8/2016 11:59

FCR deal, 50% MAFL

FCR £4m mar cap and 0.25 shareprice, 1.5bn shares.
100m shares = 6.7% = £268k (MAFL £134k)
plus £350k cash = £618k = £309k to MAFL (£175k cash)

and also

Plus £475,000 just raised

Plus £960k assets (£263k) cash at 31 Dec 15.

Adjustments

approx £35k overheads (approx £65k per year)

Quoted investments were £176k mainly in GLEN, APF and gold & platinum. GLEN and APF have doubled almost and gold and platinum are well up. This could well be £250k easily now.

Unqouted investments total £515k - This is primarily holdings in CAP energy and a small holding in Toro Gold. Cap Energy are on a matched basis market and the licence area is surrounded by huge finds and will be looking to re admit to ISDX/AIM. Toro Gold are looking to list soon see the website and June 2016 presentation. Either could see significant uplift. The company are also looking to offload a number of smaller investments such as sutherland health.

purchases £151k - this includes the spanish assets bieng sold which were acquired along with the portuguese asset. So lets say reduce this by £100k as disposal included above. Portuguese asset will remain with MAFL and they are looking to monitise this asset too.

Thats around £1.7m with

cash = 263k-35k+475k+175k = £878k
listed assets ready for sale = 134+250 = £384k
The rest is unlisted investments.

Diluted cap at 24m shares and 5p = £1.2m.

Note last result RNS

"Further strategic investments planned"

and fund raise RNS

"Fund current investment initiatives"

"To have sufficient additional financial liquidity to pursue, if appropriate, investment opportunities currently under review and evaluation"

Also consider teh BOD only get £67k in wages per year but have stupmed up a lot of cash in the £475k raise. WHY?

[fillipe] 05/8/2016 10:07

Looking to cheapen after the spike?

f

[fillipe] 03/8/2016 17:32

Perkiness at MAFL this afternoon!

f

[purple11] 29/7/2016 13:56

Et La Pumpe....

[callumross] 13/7/2016 09:04

A jump in the trades in this one the last 2 days suggests something is up - perhaps Ferrum Crescent are going to exercise their option over the Spanish projects in which case it is very positive for MAFL. £250k plus half the debt paid down plus 100m FCR shares. This is more significant than when originally announced when FCR were trading at 0.15p and have now doubled. With a market cap of under £700k for MAFL the proceeds would be significant in terms of the market cap of MAFL. Option has to be exercised by end July and FCR recently announced they were considering exercising it in advance of this date so a possible windfall compared to what MAFL paid and of course the remaining Portugal asset would be in for nothing.

[ryan83] 04/4/2016 11:15

well capped at under £700k with

1) £600k cash
2) last NAV was 6.48p issued 23 Feb 2016 but calculated 31 Dec 2015, since then
- the holding in precious metal ETFs have risen and
- GLEN increased from 90p to 150p
- Anglo Pacific holding increase in value, their shareprice has imporved from 58p to 73p
- MAFL have 49% of this

"If certain conditions are met, the option calls for Ferrum Crescent to pay TH Crestgate £250,000, the re-payment of 50% or up to £93,000 of the short term debt in the Spanish subsidiary and the issuance of an additional 100 million shares of Ferrum Crescent."

FCR have 772m shares in issue valued at £1m, so 10m shares = 12% or £120k in stock.

So that deal today is worth £460k or £230k to MAFL.

jut need MAFL to commit to something now

[scyther] 31/3/2016 20:23

Anything new to report Ryan? What targets do you have here and why etcThanks

[ryan83] 31/3/2016 15:22

bought some these back

[callumross] 23/2/2016 11:15

Am I misreading this or does the option referred to today, if exercised, mean that MAFL's share of the exercise proceeds for the Spanish asset would exceeed their total investment, meaning that the Portugese assets would be in for nothing? Still believe that this could be a big multibagger in 2016 if all the ducks are lined up in a row.

[mikeh30] 06/1/2016 08:59

£0.7m capBounce coming

[callumross] 09/12/2015 16:06

This play has never been about TERN. The potential uplift from the recently acquired resource is what this is all about but for the avoidance of doubt;

!At the end of the period a significant part of the Company's stake in Tern PLC was sold into the market, and post the period end the rest of the stake was divested"

[bones30] 09/12/2015 15:46

"We retain a small 1.64 per cent holding although, given that Tern is not a resources company, this remains subject to review."

Was all I could find, so they may.

[bones30] 09/12/2015 15:11

callum, correct.

[callumross] 09/12/2015 15:11

Read the last annual report tradingstock247 - they sold their stake a few months ago!