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Looks to me like someone with a big holding wants out quickly. Anyone who has held a relatively large position here knows how hard it can be to sell due to the illiquid nature of this stock, and the MM will shaft you if trying to sell at best.
I've bought a few, as it's trading at a pretty substantial discount to NAV. Underlying fundamentals seems strong and it's just one of those times where you can pick up a bargain due to someone's distress.
I could be wrong of course...
..not allow me to buy?
I've stepped in and bought some.
Clearly someone wanted out and zero buyers, 367k sold at 12p, potentially that's the tail end of what they had left for sale, will find out when/if some buyers step in and price firms up.
Reckon we will get another TR1, maybe Baz wasn’t happy with the BFS. Need some good news re Portuguese Gov’s LS share.
Ouch - no liquidity at all, - 13p!
From "ASCENDANT RESOURCES ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS"
'Mark Brennan
42,263,782
98.83 %'
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2023/Ascendant-Resources-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders/default.aspx
After a disappointing year for their share price it is good to see the solid support for his reappointment.
MAFL have tweeted a link to a new Investor Presentation on Dropbox:
https://twitter.com/MinFinInvest/status/1688951873598894087
Agree - Worth overlaying the NAV with the MKT Cap and can clearly see where value has arisen - only a few months ago it was trading at a premium and last year at a 30% discount.. its all forwards looking and short term movement due to liquidty.. NAV is going in a good direction and the SP will move around it
I'd just like to know what the strategy is to get some market interest and liquidity into MAFL. Great that NAV is growing but does nothing for me as a shareholder if that can't be converted into growth or yield so I can enjoy a return on my investment within my lifetime. I've been quiet on here for ages but getting a bit sick of it TBH. Are we entering another doldrums period where price meanders aimlessly between 6 and 13p which last time lasted for years?
Shaz,
As at 30th September, 2018, the fully diluted Net Asset Value per share was 6.78p...The last published NAV was 22.5p.
Obviously people are disappointed with the current share price direction and general sentiment but you could say that JV has made tremendous progress returning an over 200% increase in share price in slightly under 5 years.
I bought this share 5 years ago at the current prices.
I thought we were finally getting somewhere until JV decided to do a silly placing.
Back to my average now. Absolute awful investment it has been. JV should be ashamed of himself for delivering next to nothing for shareholders.
I hope he has a plan as I can’t bear another 5 years. I’m not getting younger.
The 14-16p range is a potential area to see some demand return, the drift lower has obviously been due to the complete absence of buying and one large seller offering stock out
I can get a quote for buying but can't get a quote for selling even10000 shares. Nobody wants them. I don't know why the market has such an aversion to this share. I've had them since 2020 and seen NAV go up but sp has languished. Any ideas when we are going to see some growth here?
Dwindled down from 25p in less than 12 months. Great!
Asherg,
I think it is to do with PRIIP rules (Packaged Retail and Insurance-based Investment Products). I cannot buy MAFL shares through Best Invest, but can through X-O and Hargreaves Lansdown [a SIPP].
Agree - I’m thinking of adding next week..I’ve got a 2 year view on most things and it looks attractive at this level- only £15k of trades
Investment into this asset is currently unavailable through our service.
Does anyone no why the crappy Halifax wont lent me buy any of these?
Agee’s Nom. I make the listed portfolio plus Ideon (at the private equity valuation) plus cash about 5.5m.
That means you’re getting golden sun, any future cash from the 5% PUT and the Hail Mary of 15% government stake in the price for free right now.
Getting towards no brainer territory as you won’t lose much even if none of those come off but you’ll double your money if just one comes off (the one that happens to be a contractual right!).
The Market Makers do not want the shares, that's for sure. If it keeps falling, I will try another trade, as there is a more solid floor in the share price here than in most junior mining companies on AIM.
Selling down?
TBF to MB, its good that he put himself up for interogation.