Mineral & Financial Inve... Share Discussion Threads

[givmesunshine] 13/12/2022 08:47

Hi Bargain

Well worth watching the Proactive interview last week that gives a very good insight as to where this is going

Lagoa is only recorded with a NAV of £1.7million - but now has a "hard value" of $10.8 based on PEA alone .. under the put option

Aslo some interesting sounding changes on other parts of the portfolio, that i didnt fully understand .. some news on these expected on/before 18th - and Annual report any day to year end Sept 22

I thing NAV will be about 23p share (as of sept) as the $1million didnt show in last valuation , but current developements put 6p/7p in $2.5 mil in payments and a $8/ $9mil on that as it stands - say 20p share.. so im going for just under 50P as of today - with significant upside potential over the coming months

[bargainbuyer] 12/12/2022 22:33

I thought $2.5 million was about 6/7p per share, so on that basis it has risen just 1.75p since RNS confirmation of receipt of the monies.
In any case, with the 5% value not accounted for, there is a very good case for this to be trading at a premium to underlying NAV with expectation of a trigger.
The above is really in regard to one investment but there appears more interesting matters under the bonnet too here.
I guess it is an interesting hold particularly if you can add on any dips.

[givmesunshine] 12/12/2022 10:19

Looking good for a move upInto the 20s over the coming days / weeks

[bargainbuyer] 09/12/2022 14:05

I don’t doubt it.
I will take a closer look over the weekend to see what is exactly under the hood but I have taken an initial stake today for a medium term outlook.

[givmesunshine] 09/12/2022 12:47

HiAlso have about another 3p per share in cash from the last payment .. plus a NAV of about 8-10p from the other stuff - it all adds up to a big sp

[givmesunshine] 09/12/2022 09:24

At the end of the day it significantly undervalued.. where will it be in 3-4 months when they announce a shareholder resolution for a $15-20million sale of the put option?

[dave4545] 09/12/2022 09:08

2 mil is massive cash boost though when other stocks are doing heavily discounted placings to get any cash they can

[dave4545] 09/12/2022 09:06

I agree this is totally going nuts now when I thought it would just go quiet like normal.

What is helping is the rest of the penny market is dire so not many stocks actually going up so this might be getting noticed more and then chased more so 20p could happen today, there is clearly a stock squeeze

[givmesunshine] 09/12/2022 09:05

There's the news 2.5 miilion in the bank

[matt123d] 09/12/2022 08:59

This is something different, looking good for a move above 20p for sure

[givmesunshine] 09/12/2022 08:54

No longer a rise then dump though - I think a few were hoping thus would go back to 12p as per the last few .. but it's way too cheap

[sos100] 09/12/2022 08:52

not long before this hits 20p imo

[dave4545] 09/12/2022 08:51

I do not think it's insider dealing, often the news is released first from Ascendant resources etc etc before Mafl tell the market so you have to be alert.

Only stock on my monitors in break out mode or any kind of positive mode for that

[givmesunshine] 09/12/2022 08:47

Not many avalable for sale here... this is leaky .. naughty bit of insider dealing on last RNS

[baz9707] 08/12/2022 18:06

Wow



I am not sure there is many companies ran as well as #MAFL

£2m payment gone through
Royalty stream from mines in Costa Rica
Ideon value uplift
10m hard value on LS currently valued at 1.7m
I have a massive target over the next 2 years.

[baz9707] 08/12/2022 09:11

Thats just the first page, everyone in the game of buying shares should be an analyst. If not, you are just a punter.

[givmesunshine] 08/12/2022 00:49

Nice post ... although I think your a bit brave to call yourself an analyst.. it's just a statement of company news .. what's the opinion ?Nice formatting though

[baz9707] 07/12/2022 17:38

It's all here

[givmesunshine] 07/12/2022 14:32

They can yes - it's looks good to me .. about £2.8 million added to the kitty since last NAV of 19p share - on its own that's about another 8p in cash - so 27p - from memory Lagoa was carrying a NAV of £3 million - so being ultra conservative could add £6million on to that on the back of this forced agreement .. so 40p ish a share That my logic anyway .. happy for it to be torn apart -GLA

[bargainbuyer] 07/12/2022 14:14

Okay I have seen the details on the 28/11 Rns and cross verified on the Ascendent Resources website release.
They can also force sell the 5%.
Strange one then not to have move substantially higher so possibly flying under radar.
Im watching closely.

[givmesunshine] 07/12/2022 13:33

I don't think there is any reason not to believe - financing done - got two weeks to cough up the Wonga - but I suppose you never know on this world .. I think the big kicker will come in the tangible change in NAV because of the buyout clause - even based on old numbers including discount it give a clear tangible additional valuation of $12million for the mine on top of everything else .. but the drilling results are going to put that in the shadows .. it's all there for investors to read .. but sometimes it needs to be spelt out in o liners on the AIM - they are too modest (which is good )

[bargainbuyer] 07/12/2022 13:08

Good case here on the face of it but I am a little sceptical that the market does not believe ie. the 2.5 million USD against a £5 million value.
Surely if it landing any time soon as you say then the share price would be into the 25s ??