Mineral & Financial Inve... Share Discussion Threads

[ryan83] 02/9/2015 15:31

do you mean today lol

[bones30] 02/9/2015 15:13

About to turn blue in a moment I reckon.

[ryan83] 02/9/2015 15:13

is his name R.Maurer or R.Mason (perhaps a google translate issue?)

[bones30] 02/9/2015 14:27

Is this our Roger Maurer? Mr. Maurer was a Partner of INVESCO (AMVESCAP plc).

[ryan83] 02/9/2015 14:02

not mine bones but I have accumulated a fair few so far.

[bones30] 02/9/2015 13:31

Safe to say that was a buy. 18th largest trade since 26 Aug. Approx £3k.

Ryan, was that you?

[ryan83] 02/9/2015 12:56

MAFL bod have always been upbeat on zinc and have been waiting for the right time and the right asset. Sub £1m market value is real cheap and will soon be re rates to a more sensible value

[ryan83] 02/9/2015 12:16

prob just lse sheep, the buy high sell low gang, they will prob put it in IERE and lose the lost lol

[bones30] 02/9/2015 12:07

01-09-15 09:23:03 7.0998 30,071 O 6.5000 7.5000 Buy
12:04:07 6.5002 30,071 O 6.5000 7.0000 Sell

Looks like Mr. 30,071 bought yesterday at 7.0998p. Selling today for 6.5p.

Smacks of desperation/forced liquidation.

[ryan83] 02/9/2015 12:02

bones I am a buyer 6.5-6.75p area which is my average.

[bones30] 02/9/2015 11:56

"Our deeply held belief is that superior returns are made when we invest intelligently at a time others cannot, or will not. We are at the juncture where good assets in need of financing are presenting themselves as highly attractive investments, some of which can be bought at substantial discounts."

--- So this is what he thinks of the recent investment. People will be kicking themselves when this turns and momentum kicks in again.

[the stigologist] 02/9/2015 11:20

another ryantard disaster

[bones30] 02/9/2015 10:03

Whilst people rainbow chasing in things like AFPO, thing is to build a position somewhere quieter.

AFPO certainly shows what can be possible, mind.

[ryan83] 01/9/2015 14:56

bones agree again. Portex listed in 2012 I think (will need to check) and took on too many assets. Bit like RRR when they were at 9p area. BOD couldnt cope, and the landscape for miners changed as just acquiring several assets in the long run is just not feasible. The miner sector downturn fared badly for Portex and MAFL picked up their Spain/Portugal assets on the dirt cheap.

[ryan83] 01/9/2015 14:53

so Toral, at 70,000tpa?

tpd 70000
Zinc Equivalent
zn grade per tonne 10%
zn eq tonnes 7,000
price per tonne aug 15 1,700
revenue 11,900,000

Indium
Indium kgs (at 90g/t) 6,300
price per kg aug 15 approx 350
revenue 2,205,000

total revenue 14,105,000

real rough clacs there and in USD

[bones30] 01/9/2015 14:52

Been going through the Portex newsflow. Looks to me like they tried to do too many things at once. Too many spinning plates.

[ryan83] 01/9/2015 14:50

another portex preso

[bones30] 01/9/2015 14:29

Looks like Portex shareholders did very badly. Interesting to see LON:GRIT was invested in Portex though. Must've liked it.



Also looks like Portex is moving out of the resources sector altogether.


Question is can Jacques and co do a better job?

[ryan83] 01/9/2015 14:29

yep.

So seems as though infrastructure is there, there is access to a smelter to refine the ore and there are transport links to get the product to market easily enough. You any good at having a stab at what the 2000 tonnes per day may bring in revenue wise?

Toral

Indicated
Mt4.04, pb 5.3%, zn 6.50%, Cu 0.11%, Ag 41g/t, Zn Eq 11.8 %

Inferred
mt 4.67, Pb 4.44%, Zn 5.40%, Cu 0.14%, Ag 32.0g/y, Zn Eq 9.8%

Plus add in Indium at 90g/t

[bones30] 01/9/2015 14:15

That's just for the Toral Project

[ryan83] 01/9/2015 14:01

2,000tpd.

what would that translate into in terms of revenue?