focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes one would assume that when metals are going through the roof, a company investing in this space will have to eventually follow suit.
6 Month Performance
LUCA Mining 98%
Capstone Copper 115%
Centerra Gold 35%
Fortuna Silver Mines 63%
Hudbay Minerals 125%
Orla Mining 48%
Pan American Silver 52%
Gold ETF / Silver ETF ~ 18%
Do I need to continue?
We could be looking at £20 million investable funds value.
£4m market cap
Also in the background on Lagoa Salgada project from 10/04 RNS
“Additional testing on the remaining orebodies is currently underway, with completion of the Stockworks testing expected in the next few weeks and the results for the remaining lesser valued domains expected to be incorporated into a planned updated Feasibility Study scheduled towards Q3 of this year.”
“M&F's investable funds, £10,388,000 at the end of H1-2024 period, showed an increase of 21.8% YoY.”
“Our Precious metal position has increased by 57.5%, as we have categorized our recent Luca Mining investment as a precious metal investment.”
CVE: LUCA is up 98% in last 6 month
Other precious metals have gone through the roof since the last report.
Get ready for some bumper numbers. And I mean seriously outstanding.
£4m market cap
There is little point in advertising your escape price... if someone else wanted 12.50 then they might change their expectation to 12.40 and be the first to take advantage of a little buying momentum.
Timing trades on AIM can be more akin to poker...
Can't wait for 12.5p bid so you can get lost then.
Nice to see a small rise this morning on single trade. Always a unexpected surprise with MAFL. A rediculous spread and no other volume puts me off investing any more to average down. Let's hope MAFL can keep it going. Less than 10% down now and watching every tiny increment like a hawk until I can escape..
It’s a business that owns other businesses as well as its own interests. The NAV is a valuation of all of that. These things it owns are worth quite a bit probably. Nothing goes pop this is real life not a cartoon.
It’s a small cap company that’s very illiquid and small caps haven’t done well for the last few years neither has lots of other U.K. stuff. I can’t say if it ever pops who knows but JV has shown he can run a business and increase the value of the things it owns.
Sounds like proper investing to me which is what I try and do anywhere I can find something worth buying.
Good question!
Many dividend-paying larger companies started off as small companies not paying dividends whilst they grew. I like to try and get in early in their journey. Among the things I look for are:
A share price strongly underpinned by NAV where possible
Director(s) I can invest in that are completely aligned with shareholders (small salary and skin in the game with a personal stake together with options for the incentive)
Company officers that I can call to ask any daft questions and get patient explanations - that tends to exclude FTSE 350!
I may be missing the point but how do people on this board make thier investment decisions? Do you look for companies who have no dividend, no share growth but have a 'potential' to grow NAV? Is the hope that eventually NAV will reach a point where it goes POP! and suddenly the share price explodes upwards? Just curious what investment strategies you are adopting and why you put your money here? Or are you trapped like some of us, waiting for the share price to reach a point where you can exit? I'd really like to know please.
Can do what you like with it but i'd suggest as it's been posted on the MAFL board its because its relevant to our NAV and nothing more.
So are you suggesting that we invest in Luca as it has more chance of its share price rising?
Latest quarterly report from Luca
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1592-tsx-venture/luca/159423-luca-reports-strong-production-for-q1-2024.html?utm_source=luca-mining-email-notification&utm_medium=email&utm_campaign=luca-mining
Would expect to see Luca rise on the back of this…
Could do and that is just one investment in the MAFL portfolio.
Yet our entire mcap at present is just £4 million.
Scotland Yard needs to take a look to see who is manipulating the price here.
Re Luca, I also believe it has legs. Worth noting that there are three key points to the warrants:
1) We would have to buy before April 25
2) But there is also a clause that if the price exceeds $.90 for 15 days then Luca can accelerate the deadline to 30 days from that point (which is entirely possible given current climate)
3) Using the warrants would cost us £0.8m, but if their shares are worth the above clause price, that would give them a value of £1.5m.
We already have 5.7m shares, so if we take the clause share price, that would value those at £3m. So all in, our stake would be worth £4.5m GBP.
Yes, been a fantastic recovery at Luca, supported by good company news and of course the gold price.
I think it has legs too so hats off to JV for what is now looking a great investment.
MAFL share in Luca Mining worth about £1.6M at current SP. That's about 37% uplift on the investment made April last year and that doesn't include the warrants that are almost in the money... (C$0.50 until Arpil 25 2025)...
And another a bit of good news today, Luca Mining are now 50% up YTD. MAFL have a pretty significant holding in Luca...
That should reflect well in the next NAV update.
Thanks nomlungu just what I hoped to hear.
rocky,
it is good news - the improved results are from a co****r grind and a simplified flowsheet using samples from the pms zone, which will be targetted early in the project. lower costs and higher recoveries are a double win, making the potential mine significantly more valuable just at a time that the copper squeeze has started.
It seems good news today, what do people think of the RNS?
Whichever way you look at it we are now selling at 60% discount to a NAV that has consistently risen over the years