Mineral & Financial Inve... Share Discussion Threads

[bones30] 03/9/2015 14:36

Can someone remind me whose the CLN's were?

[moreforus] 03/9/2015 14:27

defintely a need for an rns if that was the case....

[bones30] 03/9/2015 14:25

It might be - but we don't know do we? Are you saying the shares were issued and sold that day, so no need for RNS? Possible, but we still need to hear about the CLN I believe?

[ryan83] 03/9/2015 14:19

well, it looks like the big 1.1m trade was the CLN but as you both say an update is due in that respect.

[moreforus] 03/9/2015 14:18

a CLN update is also due..given that it was due to mature on the 31st of August - the company must know what;s happened with that....!

[bones30] 03/9/2015 14:10

Agreed, the company has to be notified, and the party does have to care about the rules! I've seen the rules be ignored before now, notifying late, or not at all.

[moreforus] 03/9/2015 14:08

yes bones there should be one but only if the party involved declare it....

[bones30] 03/9/2015 14:03

Volume is actually picking up, higher than yesterday.

My thought of the day is:

1,177,000 shares were bought (or possibly sold) the other day at 9.24p which I make about 8.6% of the company.
3% or more should mean a Holdings RNS, shouldn't it, meant to notify the company within 3 days? (presume working days and the bank holiday not being a working day).

When do we find the identify of the buyer/seller? I'm wondering if tomorrow perhaps?

[ryan83] 03/9/2015 13:59

so a bit of drilling and should proce up around 90g/t INDIUM on 4mt at Lagoa Salgado. Take a look at what INDIUM goes for per kg.

add that to 2014 Portex info:-

The Lagoa Salgada concession covers a partially defined massive sulphide deposit for which a NI 43-101 technical report and resource estimate was prepared by Tetra Tech Wardrop in January 2012. The resource estimate includes indicated resources of 2.9 mt at 7.2% zinc equivalent and inferred resources of 1.6 mt at 5.5% zinc equivalent. In addition, a second polymetallic mineralized horizon on the Lagoa Salgada concession was discovered at Rio de Moinhos, approximately 11 km southeast of the Lagoa Salgada deposit. Intercepts at Rio de Moinhos are interpreted to be lateral fringe mineralization of a separate massive sulphide zone.

[moreforus] 03/9/2015 13:51

cheap but still not enough buy volume ...yet... to push higher

although I suspect once this is moving people will hop aboard (look at how FLX rerated today as an example)

[ryan83] 03/9/2015 13:46

then theres

Lagoa Salgado

and once permit sorted Lago

[ryan83] 03/9/2015 13:44

indeed bones, MAFL have been sitting on their hands since mid 2013!

[ryan83] 03/9/2015 13:43

just look at Toral,


Toral property, where the Company, in a press release dated March 2, 2011, reported a National Instrument 43-101 compliant mineral resource of:

An indicated mineral resource of 4.04 million tonnes grading 5.30% lead (Pb), 6.50% zinc (Zn), and 41 g/t silver (Ag), containing over 470 million pounds Pb, 577 million pounds Zn, and 5.3 million oz Ag.
An inferred mineral resource of 4.67 million tonnes grading 4.44% Pb, 5.40% Zn and 32.0 g/t Ag containing over 456 million pounds Pb, 555 million pounds Zn, and 4.8 million ounces Ag.
A cut-off grade of 7.0% of combined Pb and Zn was used to define the Toral mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The resource estimate and corresponding technical report dated April 14, 2011 were prepared by independent consultants, Micon International Co Inc., and were prepared using CIM definitions for mineral resources as required by NI 43-101.

[bones30] 03/9/2015 13:35

Been reading the EGM statement from 28.11.13:

"In this dysfunctional financial landscape it has become obvious that there is an opportunity for Mineral and Financial Investments. If you have permanent capital and can invest and finance when no one else can, you can create value. If before you invest, your evaluation of the opportunities is more thorough than the evaluations undertaken by investment funds, you can create value. If, once you have invested you ensure that the capital is deployed with discipline and with active oversight, you can create shareholder value. If you can help a company move forward with its project through advice and oversight - you can create value."

Must've taken quite a bit of discipline for them to sit on hands till now.

[bones30] 03/9/2015 13:34

I leant that with some multi-baggers I've had.

[ryan83] 03/9/2015 13:32

and best time to get in is ahead of it!

[bones30] 03/9/2015 13:24

As I say newsflow.

[ryan83] 03/9/2015 12:46

Seems as though the market waiting for that to be concluded before a more realistic value attached to the assets bones

[bones30] 03/9/2015 12:44

Best of luck Callum. Be nice to see a bit more newflow here.

Note:

"The Principals of TH Crestgate will also purchase CHF102,000 (c. £69,000) to maintain their 51% interest in the Company. It is intended that, M&FI will also purchase senior secured notes in due course; the terms of these notes are still under discussions and a further announcement will be made if the investment is made."

and

"It is the current intention that the operating committee will refresh government relations, re-negotiate and update licenses and thereafter recapitalize these subsidiaries."

[callumross] 03/9/2015 12:43

That is me in for an initial 30k. Risk/reward looks too good to miss. Will top up on further weakness.

[ryan83] 03/9/2015 10:48

wouldnt count on it mally lol! is MAFL punt size for you?

[mally6] 02/9/2015 21:59

the overhang is clearing this should be blue tmrw

[bones30] 02/9/2015 15:32

Yes. Cannot get a quote to buy.