Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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To be honest, even if we don’t get the extra 15%, we get the option to sell our 5% stake for more than our current MCAP.
So I’m very much in the camp of it’s a win win.
The extended deadline is the 3rd Feb, so a a Saturday. So hopefully we will hear by COB this Friday what, if anything, has been agreed with EDM. If JV manages to pull a blinder and we keep 20% then our NAV will be in a different league.
This should go back up soon but I see that some of its investments have lost some value but that's the market in general. I do like this company and the management team and believe it is undervalued a lot.
Ahh thanks, that 50k buy is certainly a bargain!!
EDM deadline coming up in the next week or so. It could get exciting very soon!
I bought some the last time it dipped below 10p [in October]
50k was certainly a buy. What a bargain somewhat get there eh!
50k was a buy, when the mid was 10.25p
Nice tick up on minor volume (75k buys vs a 50k sell). I wonder if that was the last of a seller.
I was hoping for some more at 10p. Oh well.
I wonder if they have considered buying back the shares at this price. Unless they know of any impending investments which have potential to generate 100%+ returns in a relatively short time frame, it would seem a no brainer.
With the NAV at circa 25p and expectations of reaching/exceeding 30p if the the LS put option is excised, it doesn't feel unreasonable to me that 20p is out of the question in a short time frame, and that could still represent an opportunity for investors, still giving it a 33% discount to the prevailing NAV. Ie. 20p Market Price - 30p NAV.
Feels massively undervalued.
All views my own, please DYOR and GLA!
Shame it was a small buy shaz from JV and if the directors are allowed to buy where is the rest of them ? Holding for Feb should have news on the 15%. Can't believe this is so undervalued based on Facts but with no news or updates from JV we just have to hold.
It’s probably the only stock on AIM which goes down 10% upon a director buy.
Any normal company would go up 10%.
JV is probably scratching his head like the rest of us.
SP is too low IMO... I wouldn't be surprised to see investors start taking a sizeable stake here, especially those who bought in at the 21p placing earlier in 2023.
They must surely be considering bringing their average down, given the potential gains on offer here...
AIMHO, GLA, DYOR
NAV 25p
JV pays the market 11p for 50k
Bargain!
Steps in the right direction
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2024/Ascendant-Resources-Inc.-Announces-Submission-of-the-Environmental-Impact-Assessment-EIA-for-its-Lagoa-Salgada-VMS-Project-in-Portugal/default.aspx
Topped up a few more today, just whilst I can...
People just don't seem to get it, but when the SP is back into the 20's, then at least you can say told you so!
To get an idea of how generous the current share price is, consider that MAFL are valuing LS in the accounts at a 20% discount rate on the cash flows from the Feasibility Study even though they have a Put Option on the 5% which is worth around £4.8m cashable early next year if the BOD were to chose to do so.
That is more than the current M/Cap! JV explain in the interview at the time stamp below.
https://www.youtube.com/watch?v=-hAf7OHKjhE&t=170s
Well, the facts are out there and the. value proposition is compelling.
Agree Shaz I have a feeling he thought that by sending with immediate release would be posted at 7am the following day judging by the time it was released only bad news is ever issued that late when companies are trying to hide the rns. JV manages to keep good news under wraps !!!
I think JV has taken his conservatism to a whole new level now after his latest beauty of releasing such outstanding results at a time where nobody would even notice the company had released anything.
Woodland Capital Limited purchased at 21p in September when they felt it was good value vs assets since then nothing has changed apart from the RNS last night.
The Company generated gross income of £2.394M during the year, an 84.5% improvement from the previous year
Net Profit for the full year was £1.550 million
We continue to be effectively debt free, with working capital of £9.542M
The above alone is worth more than the market cap.
Before Feb 2024 the below will all be cleared up we will either have £5 million call option to add to the above or 20% carried interest in a beast of a mine that’s getting ready for production.
If EDM opt to not exercise its Option, M&F would retain its 20% Carried Interest and the adjusting call options held by Ascendant would be nullified. If EDM exercises its option to the 15% WI then M&F would retain a (net) 5% CI. M&F has the right to sell its (net) 5% CI to Ascendant at a price representing M&F's 5% share of the NPV of the LSP as estimated in the Feasibility Study (using a 10.5% Discount Rate). We currently estimate that this value would be significantly higher than the year end value.
The RNS late yesterday has been missed by many investors this will move later.
I think this RNS reads that if EDM do not take up their offer of a working interest then we automatically get the 20% back?
That's a little different to how i understood it previously.
Shaz, I personally think this could fly tomorrow, and so it should. It's too cheap and seems to have much more potential than the NAV it's reporting.
People criticize JV but he's done a stella job here IMO and good on him releasing the after hours RNS... although I think that is maybe due to timezone differences and not necessarily on purpose.