Mineral & Financial Inve... Share Discussion Threads

[phil1969] 28/1/2019 12:54

Great video, MAFL best kept secret in precious metals AIM.

Will the crowd arrive in anticipation of NAV update or after. Either way, its win-win for those already in.

[waggle] 25/1/2019 16:50

what a cracking video, i was left somewhat gobstruck by the statement re lack of any value attirbuted to Redcorp/LS project in previous NAV. the cash receivable alone is worth 15p (albeit over a period of years) and having put my thinking hat on the residual carry is in a rather broad range of 20-40p dependant upon the resource upgrades and the dicount model used. all are welcome to shoot me down. (oh and yes i did enjoy the stifled laugh!!)

[btfd] 25/1/2019 14:27

Did anyone see this?hTTps://youtu.be/qqvTX0qYU9kCeo tries to hold laugh in when asked about valuation of company! lol

[phil1969] 17/1/2019 08:10

If it's good enough for bell ringer Charlie, it's good enough for me. Time for another top up

[btfd] 16/1/2019 13:53

You also need to keep an eye on this price:

MAFL and TH Crestgate got a chunk of shares as part of the deal for Ascendant to buy into the project. MAFL took over TH Crestgate and now own all the shares. Which is going to be over 3% (maybe 3.5%) of Ascendant. Market cap is currently 36.222 Mil CAD.. which means MAFL's stake there is around 650-700k GBP. Add to the working capital and other assets, and we have a good looking vehicle here.

[btfd] 16/1/2019 13:46

Welcome. It should be a good ride for the next few years as Ascendant completely pays for all exploration and further on, the construction of the future mine. Zero risk to MAFL.

Ascdendant's new presentation today. A nice feature included on Lagoa Salgada. Comparisons with the other nearby working mines.

[red army] 16/1/2019 13:30

Bought in this morning.

[waggle] 16/1/2019 09:32

thanks for that btfd, i think that some value must be placed on LS, but agree that the parameters are wide to say the least.

[btfd] 14/1/2019 17:47

I did some rough calcs late last year, based on what was known from June EoY, plus what they accumulated from taking over TH Crestgate. I'd say Nav will be in the 11-13p range. That's because they have assets of TH Crestgate (cash and shares) .. It's a range, because we can't be certain the prices of all the shares they own at period end.I have no idea if or whether any value will be attached to Lagoa Salgada in the Nav. You'd expect so considering there's been a buy in, with an initial value placed on it. But whether they do, or whether it even falls in the period for this next update remains to be seen.

[waggle] 14/1/2019 17:18

so any guesses as to the implications for the total valuation and interim NAV due? i am afraid that the plethora of figures is beyond my analytical pay grade.....

[btfd] 14/1/2019 16:33

If this new area has the level of grades they have currently, then the recent comparisons with nearby Neves Corvo that Ascendant made in that video could well be true.."The results from these surveys have identified a 1.6 km IP anomaly coincident with the massive sulphide mineralization intersected by the drill program from the layered massive sulphides in the northwest (Massive Sulphide Zone) to the Stockwork Zone in the southeast."

[phil1969] 14/1/2019 13:05

Excellent figures.
"Drill results expected to significantly increase new Mineral Resource in NI 43-101 estimate due by end of January"
Should be an interesting couple of weeks.
Massive increase to NAV due.

[livewireplus] 08/1/2019 01:53

Ok - thanks for the further details on the new 3%+ holder. Will await further developments with interest ...

[livewireplus] 07/1/2019 16:49

Agreed it is a private investor - but who exactly - is there anything that would prevent the Rathbone guy from buying privately for his own account providing it was declared to the company he was working for? How many Philip Howells in UK are going to be wealthy enough (and savvy enough) to go to over 3% in this share ?

[btfd] 07/1/2019 16:32

It's not. It's a private investor

[livewireplus] 07/1/2019 15:48

Presume this is the Philip Howells who is Chief Exec of Rathbones. Bodes well indeed...

[btfd] 07/1/2019 14:22

The Ceo and Coo both buying under or at these levels, and the Swiss lot going back over 3%, then this.. you would have to think there's value here right?

[phil1969] 07/1/2019 13:55

Philip Howells is confident

[dave4545] 07/1/2019 13:48

new 3% shareholder?

[btfd] 06/1/2019 14:17

Things looking up here finally. 2019 is looking set up be a great year for MAFL as Ascendant start buying further into Lagoa Salgada and Zinc prices begin to reflect the huge supply shortage. Here's one of Ascendant Resources founders talking about Lagoa Salgada from late last year. (4 mins in) .. comparison made with Lundin's Neves Corvo mine just 40 miles up the road from LS. hTTps://youtu.be/UpAnabfThMo

[btfd] 06/1/2019 14:13

short term ism plunger. Come back in 2 to 3 years and see where we are at :-) good luck living in your pessimism. Take the opportunity of last few months to load up- I have - and so has the Ceo!

[the_boy_plunger] 05/1/2019 10:00

over a year later
price even lower
zzzzz..........

i will?!

LOL

good luck.....

[livewireplus] 04/1/2019 17:30

With the rise today then Mr. Jacques with his 19.02% of company and recent top-up should be having a deserved glass of wine or two tonight ...

[btfd] 04/1/2019 15:56

phil, market cap still below working capital Remember they got nearly a million euros from taking over THC Crestgate since last results