Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yeah a proactive investors article copy and pasting content from the RNS is not the investor engagement I’m talking about…
No investor engagement? Really? I've found plenty on Proactive Investors over a long period. There's just a general apathy towards companies like this. Huge discount to NAV and a diverse mining portfolio. I suspect it will move back towards 20p when the microcap market improves
I agree there are plenty of reasons for an entity to be public, MAFL meets none of those reasons. There's no interest or liquidity in UK markets, just take a look at recent placings on AIM i.e. UOG.
Jacques also runs the company like a private operation, no investor engagement, no PR, no investor roadshows etc. I dont hold it against him, its not his character, but that not does detract from the point. I'd happily invest a good sum in a private vehicle.
Anyhoo, all hypothetical. We should see interim results next week which will be an interesting read as always!
I have a Stocks 'n Shares ISA with HL and can trade MAFL shares in it; my Best Invest accounts do not allow MAFL trades. It is down to how the brokers interpret MiFID rules (which are still in place after Brexit).
https://www.investopedia.com/terms/m/mifid.asp
Thank you Timmit
X-o are cheap and they trade LAFL but almost anyone else apart from Halifax I guess! It might be that because MAFL flag up as an investment company there's an extra form for compliance you should be filling in for Halifax.
MAFL, sorry
....Will trade MSFL. Halifax will not!!
The portfolio is well spread and fluid. There is plenty of margin for error and net cash. With a discount to NAV of over 50% what more could you want?. I'm happy to nibble extra shares from time to time. Much patience required though.
It hasnt been ' like this for years '. It's NAV reflects a value at a point in time based on the valuations you can check yourself. It didn't have a NAV 5 years ago like it does now. If it has wound up 5 years ago and returned every penny to shareholders you would have got far less than you would today.
There isn't more money available cheaply privately than publically this is just a time where capital is expensive and isn't looking to race into dirty, dangerous mining operations but i'm sure that will change at some point like always.
MAFL has been like this for years. It's no temporary blip due to the sector or markets. I agree, this should ever have listed publicly, its more suited to a private investment venture.
Generally quite negative i think. Most smaller miners are really unpopular at the moment - i expect we will see some slightly more challenging NAV numbers coming up. You can check Cerrado/Ascendant etc yourself quite easily.
There are plenty of reasons to be public if you can raise money and deploy it usefully. I suspect JV thinks he could deploy it very usefully but i also suspect that what you see in our share price is mirrored across most small caps and especially the mining industry. There seems to be no liquidity right now and its hard to raise money except at prices you don't want to.
Has anyone kept an eye on MAFLs portfolio of listed companies since the last NAV update? Generally positive or negative? Commodities ticking back up should be helping.
I’ve also been invested in MAFL (in and out) for probably 7 years. I like JV and have had several conversation with him. I’ve asked in the past around his hopes for MAFL and he wants to grow it in size. It’s too small to get any recognition at the moment. Getting NAV to the 30p+, piling it in exposure to base and precious metals and sitting patiently for the inevitable rerate.
I’d like him to take it private eventually. No reason to be public.
I don't know what the strategy here is. Most companies have 1y, 5y, 10y plan. I've only got about small holding (circa 5k) invested here but not prepared to invest anymore until growing the sp starts to become more important. Growing NAV with no tangible benefit, in either growth or yield, is not a game I usually play but since I'm in I stay even if I'm at a loss. Hoping that the sp can grow back to +20p.
Luca will come good record Gold and Silver production will lift the investment into profit.
Centre-right projected to win Portugal election
https://www.ft.com/content/5ebcc75d-e5ba-4f78-9729-881b9b8bfd0d
'The Democratic Alliance is more moderate than many of Europe’s mainstream conservative parties, but it has vowed to break with nearly a decade of centre-left rule by cutting taxes and giving greater encouragement to the private sector.'
It looks as though the Democratic Alliance will form the next GOV with the 'far-right' Chega party who are a right-wing populist party. Not good for lithium projects that have had public opposition, but MAFL's project has had local support, so this seems positive.
I did once suggest a small 1p dividend upon receiving $2.5 million which would have cost only circa £350k. A very nice way to reward holders like me who have been here 8 years with absolute nothing to show except paper losses.
But instead JV ploughed that money into no idea what and then promptly placed some shares which collapsed the price and any confidence.
Perhaps an asset sale, cash back to shareholders and a delisting is the way forward as in my opinion, JV has no ambition or drive to make MAFL a success on the stock market.
What's the exit strategy? On paper it's very cheap and if management decided to liquidate the portfolio it would rocket. As it is i'm rebuying the shares I sold for 17p in the hope of another run. Only forms a very small part of my portfolio with a 2 year view (max) and hoping it will produce results sooner than that.
The reason Cerrado Gold has dropped is it has sold the biggest potential asset in Brazil and I believe they still have debt, with its producing mine in Argentina where inflation is sky high and companies pay 30% tax for currency conversion.
MAFL will have made some money when it was listed so not a total dud.
MAFL have plenty of other exposure to the recent gold rise.
Tongue was welded firmly in cheek and the answer was factually correct. Appreciate your frustration but why not try and look a little deeper and give us the benefits of your research.
Your personal potshots at JV/MAFL suggest you’re here just to let off steam. What changes would you make? What would you do differently? That might get a constructive conversation going…
Have you rung JV to ask him for answers? I have when I didn’t understand something in an RNS. He was very helpful and very informative.
A very dishonest answer.
Maybe because it went up 75% in less than a week from 28/02 to 05/03 and some took profits...
So why is CERT down near 30% today particularly as gold is rallying.
And the news in some of our investee comapnies in last couple of days...
https://lucamining.com/press-release/?qmodStoryID=7483636570616225
https://www.cerradogold.com/news/cerrado-gold-signs-option-and-loan-agreements-with-subsidiary-of-hochschild-mining-plc-for-the-sale-of-the-monte-do-carmo-gold-project-for-total-consideration-of-us60-million-c80-million/
God help us when the NAV ticks down a little!
Anyone know why CERT is plummeting?
I’ve some questions why JV has been investing in Brennan companies which are all tanking.