Mineral & Financial Inve... Share Discussion Threads

[robizm] 16/5/2022 15:01

This share gets ramped up and then sold into. I prefer to buy ASND on Canadian index. More risk but if they get the BFS done at end of year then they could really take out. They have tiny market cap and will soon control 50% of the asset.

[dave4545] 16/5/2022 14:48

45230 pays 12.8p, holds 90 mins and sells back for 11.1p

Bet the mm's cannot believe how stupid and impatient everybody is now trading shares

[the count of monte_cristo] 16/5/2022 14:34

Solid update, the project is developing nicely. Could eventually be sold for big bucks. Remember, this is the region which gave Rio Tinto its name.

[dave4545] 16/5/2022 14:02

Liking the word "transformational"

This is not some pump and dumper on twitter posting that but JV, cannot recall him being more bullish than that.

Best prices 11.41-12.4p, but for size you have to pay 12.64p mm's are trying to kill it off already

Might repeat what it did recently and spike right up and back down again

[baz9707] 16/5/2022 13:47

I think value will be hit if at somepoint Ascendant release they have funding for the mine build.
MAFL 20% free carry would be a prized asset.

[dave4545] 16/5/2022 09:20

I reckon the 55155 who paid 17.65p then sold for 10.52p will wait until it's 14p offer then buyback again

That is what these quick buck spike traders do, buy high and sell low

[matt123d] 16/5/2022 09:15

Time for a move up after getting most of those out who bought the spike.

[dave4545] 12/5/2022 14:45

Only blue on all my monitors.

[dave4545] 10/5/2022 19:02

A great example

On the spike day at the very high somebody bought 168,897 at 18.196p, they then sold them later that day for 15.11p or a £5000 loss on a near £31000 purchase.

Suppose now it looks like they did the right thing cutting the loss.

11.3p is tempting, see next move first tomorrow before playing

[dave4545] 10/5/2022 08:28

Last seller at 10.88p paid 16.8p for them

This is what I was hinting at, when they are flying people pile in way higher then when quiet they give them away at very low prices

[the count of monte_cristo] 10/5/2022 08:04

More grades like the last RNS and this will simply have to move, grade is king!

[dave4545] 10/5/2022 08:02

wow people selling at 11.1p, last week they were buying at 18p high

I'd love 11.1p might get it later

[baz9707] 09/5/2022 13:28

Not many better structured companies out there.

[dave4545] 09/5/2022 10:53

Offering nothing otherwise I would have took 50-100k so not much I can do about it with 10k nms unless I pay higher which in this market I refuse to do

[sipptrader88] 05/5/2022 20:42

remember this prediction rough share price day tomorrow.....I will ride it out...too much at stake to sell now! Rebought in @ ave 15pp....some day I'll be a winner lol.

[dave4545] 05/5/2022 18:06

Yeah I'll be buying back too if this continues.

It's not a deramp, it's just facts that most of the money playing rising stocks is selling within a few hours and nearly all in a few days.

If a stock spikes 50%+ there's a good chance if you wait a short while you'll be able to buy close to prices it was before it took off.

[sipptrader88] 05/5/2022 17:08

I appreciate where you are coming from dave4545 and I'll have to average down when the time is right.....

Not long before the market hopefully notices us IMO as there will be continuous reporting as these results represent only 2km of 18km drilling at our Venda Nova deposit at its Lagoa Salgada Project

Further to that Ascendant has now got a major reason in the form of excellant assay grades (should also help their financing)......to get on with it all and PRONTO!

[dave4545] 04/5/2022 16:19

I do not hold Mafl now think you worked that out, but the trick is to buy when dead at the low and offload the lot on the spike then rinse and repeat, play the traders because every single one of them will sell out no matter how good the story and they will one by one sell within a week to put the money in something else flying, you will be able to match up all the random sales with buys on the spike

[sipptrader88] 04/5/2022 16:09

Yes I know what you mean dave4545.....hopefully we'll attract a few more holders...with positive RNS announcements this year re. further assays, Ideon's rerating and the actual receipt of the $3.5m....etc.

I have been guilty of being here long term and taking an exit through long term boredom....I expect I made a loss or not much profit...can't have been much either way as it's escaped my memory....anyway I got caught yesterday on the spike...got too excited when I saw the grades and FOMO kicked in.......but I'll stay...if the share price goes down to 10p....I'll average down from my 15p currently. GLA

[dave4545] 04/5/2022 15:18

sipp

It does not matter, like I said the market is 99.99999% day traders now, it does not matter if Mafl NAV is 50p 100p 150p if it's not got any momentum or not moving or drifting people will not play.

Stupid market full of greedy and very impatient traders , most of who piled in and then sold for massive losses.

[sipptrader88] 04/5/2022 15:06

Our CEO on a Proactive video, has put my mind at rest.....and with Ideon's re-rating?......that would mean we would be at £6.8M..... totally without any value for Lagoa Salada......whatsoever.....

so a NAV of 18.6p WITHOUT Lagoa Salada........(apart from the earn in $3.5m)....even with a 25% discount puts our share price @ 14p and then the possibilities of the ongoing value of Lagoa Salada maybe worth £billions......

I mean there are plenty of juniors with only one worthwhile project (like Lagoa Salada).....and they don't have market caps of £0...do you get my drift?....whatever way I turn this around, upside down or inside out....we surely have to be looking at a re-rate in the next 3 months?

[the count of monte_cristo] 04/5/2022 11:09

I bought in small yesterday, happy to await further drilling at Lagoa. Not often you see those types of drill results. Potential for more copper as well. Still a lot of exploration and drilling pending.

[sipptrader88] 04/5/2022 10:53

but 40% discount!.....why not 90%? (lol) and it traded at a premium 5 years ago....and surely we are in a better position today than then.... share price was 11p (Nav only 7p)

[robizm] 04/5/2022 10:39

It is an investment trust so will always trade at a discount.

[sipptrader88] 04/5/2022 10:34

09/2017 7p v 11p
09/2019 15p v 12p
09/2021 19p v 12p

....so in nearly 5 years the NAV has increased by nearly threefold (286%) and the share price by 10%........what am I missing?

would it have gone the other way.....1.e.decrease the NAV by 300% and the share price would be 30p??? I think not......!

What has changed that we are increasing our discount to NAV to 40%?......based on yesterdays positive RNS.....surely this situation has to reverse.......I need share price @ 15p to break even.....(lol)..... £5.9m scenario (£2.2m in our 22 portfolio shares plus £2.7m earn ins, plus combined value of Ideon/Golden Sun circa 1m to give you a £5.9m value)....with no value going forward attributed to our Lagoa Salgada project. So in affect Portugal assets not counted moving fwd.

But of course even £5.9m is well below our NAV of nearly £7m?