Mineral & Fin Share Chat (MAFL)

I am hoping for a much more varied newsflow from MAFL this year. Most of the news over the last years has been around developments at Lagoa Salgada leading to a high degree of predictablity in the news/spike/retrace/drift downwards pattern. I note in the 2019 'Annual Report' for example, that, with reference to Cap Energy, they 'expect that this will bear fruit over the next year'; it would be really useful if they could add this to the newsflow mix on a regular basis, making investors/traders think twice before piling out after the (usually) good news coming from Portugal, thereby leading to a bit more sustainablity in the SP. If nothing else it might help with the ongoing issue with liquidity with this share.

There's a new 'Investor Presentation' on MAFL's website. In the 'Summary' on slide 11 they mention "a discount to our very (underlined) prudently valued NAV of 15.5p" and beneath this, in bold, they state, baldly, "We believe that our shares are undervalued". I don' think they are telling us LTH's anything that we didn't already know but I hope this signals the beginnings a new, more aggressive, approach to spreading the word about this company. After many years of holding patiently I would like to see some real progress with the SP in 2020. I'm sure I'm not the only frustrated LTH out there.

Up almost $50.
Nice to see when we are sat on mass stockpiles.

Hold and add. It's clear that the poor current liquidity in this stock killed the attempt to breakout.

Nice 10k buy at 11.50, lucky bugger. :)

Can’t believe how quiet it is here today and trading in the stock. Has it been NT all day? LOL

Surprising to see ascendant 6% down on that PEA announcement. Maybe some profit taking after the good run they’ve had.

Yes I would think so !

Think tomorrow will see a bigger reaction. Day traders made a £100 pocket money today.....watch for the big bus piling in. Then we’ll see a quick rerate

It must drive the bod to drink to see such a poor reaction.

Will see a whole new type of investor piling in tomorrow imho when peeps have had time to do the sums and see how cheap the stock is with such a massive upside. GLA

It's the depressing face of the current market I'm afraid.

The ironic thing is this share is good but needs more exposure/marketing whereas a lot of the AIM shares that get a lot of exposure and marketing are scams and junk !

Seems good news punished in this market. Disappointing day!!!

Fantastic update, will need to look into the detail later on but those headline figures look impressive.

I see we’ve acquired some new long term shareholders with that update today! See how many are around in a few weeks/months. This share brings a new definition to the phrase ‘slow burner’ having held for many years now, but the outlook for the next few years looks portfolio making. Good job JV

Note: MAFL is due $6mill payout, and they have recieved 1mill already plus the other 0.5mill they recieved last week. MKt way to cheap here. don;t be fooled out of your shares! :)

https://www.proactiveinvestors.co.uk/companies/news/910607/mineral--financial-report-shows-potential-for-low-cost-lagoa-salgada-mine-910607.html

on stellar news.

today was huge and factual. MAFL is pofitible all the better.

Does this trade on any other exchanges?

Just the North Zone...

The PEA provides an initial economic assessment in the north zone of the project only, with plans underway to carry out additional exploration work in this zone this year, with the central and south zones “highly prospective” for future resource growth but with very limited drilling having been performed.

Vaillancourt said these other zones “offer near-term growth potential with additional exploration work which we view as lower risk”, with “extremely encouraging” targets that remain untested.

“We expect the strong correlation between gravimetric testing and subsequent high-grade drilling results in the North Zone to continue in these zones. Follow up drilling is intended to support our objective of identifying additional resources to support future studies.”

https://www.proactiveinvestors.co.uk/companies/news/910607/mineral--financial-report-shows-potential-for-low-cost-lagoa-salgada-mine-910607.html

yes, just keep added here. the company is profitible and todays news is excellent/ expecting 20 over the comming days. more news to follow. imho.

Put off buyers, encourage sellers, then sneak it up?

Very good news. The best bit is that this essentially derisks the balance of the earn in so MAFL can pretty much bank on another $5M dollars hitting the bank account as the rest of the milestones are hit whilst retaining 20% of L.S. with zero expenditure for MAFL. Therefore we can pretty much guarantee a healthy increase in the NAV for the next couple of years, its shaping up to be an excellent opportunity.
I looked at the technicals in my post on the 7th of Jan and the short term target of 15.4 should be easily achievable, then we start looking at the long term target of 20.2p. As the balance of the earn in payments come in that puts the target firmly on the horizon. Happy days