Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
Yes agree re software, the face implied - dont give me a load of boswolocks :0) If think MB has taken a bit of stick, but the point he makes is valid - Its not a bad BFS, victim of his own hype and delays.. but alot to gain from here from a MAFL point of view
Also agree re interviewer, makes a change from pro-active (which has been fine with JV, as he provides lots of detail and context, but some of the other interviews I watch are… interesting).
Key takeaways;
- CEO for Ascendent TBC, this is important as Mark’s focus is clearly shared across multiple entities (some of which he is the CEO)
- MB mentions that he thinks they can increase the BFS resource by 30% and will utilise software. I wonder if this is the stuff that MAFL is invested in? The new way of seismic or whatever it was, I forget and am typing this on a crowded train out of Euston!
That refers to the price JV negotiated with Ascendant. It cost them warrants in Ascendant for a small delay. JV must have been asking for a lot more for a longer delay (as he should...). This is really Ascendant's problem more than MAFL's.
Agree totally with the interviewer style. He runs a family investment office and I prefer an interviewer who's prepared to say "what's that about?" like he did about the optimising software rather than just nod and smile...
Thanks Lewis - Not sure what to make of the comment that there were finacial concequenses of not completing the FS.. assuming that is MAFL.. I like the style of the interviewer, interesting