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That's just factually incorrect!
Yes, please do your own research.
Also, as far as I can work out, MAFL now only own 15% of Lagoa Salida after the recent Corporate restructuring.
Not enough to make it a serious investment IMHO, without all the usual MAFL "jiggery pokery".
IMHO. DYOR. GLA.
I would be very wary of MAFL Graphite - not the same quality of Management or asset, in my view, compared to EUZ. MAFL are "Flippers" rather than investors and I don't think that Lagoa Salida is anywhere near the potential "World Class" quality of Toral. It is also a very small company and doesn't have the management resources that EUZ now possess after they changed into a "Proper" company during the course of 2017/18 and taking on Myles Campion, Colin Bird and Consultants AMS.
Of course you cud always hedge your bets and buy one third in MAFL and two thirds in EUZ. UP to U !
IMHO. DYOR. GLA.
This bloody SS had better be good. The market seems nervous, hence the stagnant price.
Graphite, I think you may want to re look at the MAFL recent RNS and re evaluate your percentages of ownership. DYOR but EUZ for me, the MAFL looks like a very complex company structure.
Your question regarding cash at EUZ is answered simply that we raised money when we didn't need it so that after SS we could progress without delaying operations due to needing an equity raise.
EUZ News imminent IMO,
Good luck Graphite which ever direction you choose to go.
How do people think this asset stacks up against the one MAFL own over the border (Lagoa Salgada)?
Thinking of taking a position in either or both.
Assets look similar in size.
Ownership wise c85%--MAFL, 100% EUZ.
Mcaps MAFL £2m EUZ £5m.
MAFL Cash c£3m EUZ ??
MAFL have a JV partner that will for c$15m of investment bring the project to full BFS stage.
However EUZ own the asset 100% which gives more flexibility.
Just weighing up which one or both to lump into.
With China getting into Spain in a Big Way .............. Timing could be good ............ Best Wishes ALL.x
In my Portfolio hopefully ............. Unloved at the moment from FCR days I guess ........ Tuck a few away ....... don't have to go mad at these prices .............. A deal will transform ............... Best Wishes ALL.x
Hoping to push on and hold 0.45/0.15 today please
<3
Well SASA is slightly higher in tonnage at 23mt than Toral (so far) but the SASA grades around 4% for lead & Zinc are considerable lower than Toral, as is the silver content. SASA Operating costs are very low at $760 /tonne, which is why that mine is so profitable. Even so, if Toral OPEX were , say between $1200 & !500 / tonne that would still give a useful , clean margin of $1000 /tonne +.
It seems quite unusual for CAML to have actually bought the SASA mine outright, given that they weren't a particularly large company in the 1st place (£200m or so), but they managed to do that with a loan from their offtake partner and by issuing more shares. It goes to show that any potential purchaser/ JV Partner of Toral need not necessarily be one of the mining Big Boys, such as Glencore or Rio etc.
To my mind, it seems even more likely, that the likes of international mid cap companies such as Lundin (mkt cap approx £3.2 Bn) or Boliden (£6.8 Bn) would be operating well within their financialresources if they were to make a similar £307m bid (or JV) for Toral. assuming all proved up satisfactorily in the Scoping Study.
To put that into context, with 5.6 Billion shares still in Issue at EUZ, that would equate to a price of 5.4p per share. Even allowing for £75m of capex (or $100m) to build the mine, that would equate to approx 4.1p per share.
Food for thought.
IMHO. DYOR. GLA.
Another tick up soon as only one mm on 0.14. two on 0.145
Ooooooooh Nurse - it seems to have gone up !
IMHO. DYOR VGLA.
And there it is. Momentum with us now.
Gotta be close to ticking up. Am looking for 0.2p Minimum before scoping study release
:)
Somebody was gambling on an announcement. Bought 1,307,135 on the bell Friday to sell at a £30 loss yesterday 3 hrs later.
Clear to me that people are starting to take positions for scoping study. Could be a bull run
After about 4pm i was getting ask of 0.155 for over 500,000 but might be just my broker. Whatever, a good day and looks like SP is on way back up.
Few more buys tomorrow should see a tick up as mm's are now sat at 3v1 on the bid side
Honestly, Ive traded a lot of AIM stocks and this one is a no brainer, the shorters, MM's, day traders and flighty investors will make any stock look volatile, but this stock has real momentum, you dont apply for mining rights based on bad test results, and in both the scenarios being postulated here (selling the whole thing on or developing it) we will, at the very least, see the SP double before Christmas. So ignore the day traders :)
I fail to see the correlation? Although I’m appreciating your username :-)
It didn't help when RNS don't display on this site
I always have a slight rise in scepticism when someone protests their honesty, explicitly or by implication... ;-)