Member Info for 6zeros

Like wizard says.. they issued an RNS a few days back and it states clearly in there. I’m pretty sure my wires were crossed no, and am busy trying to chomp through the last slice of humble pie. I need more ketchup. Redcorp most likely own LS outright, or will after approval of the 15%. Either way, after Ascendant have fully funded and completed their commitments as outlined in the deal.. MAFL are going to own a minimum 20% of a huge asset that is in the late stages of moving toward being a serious competitor to other mines in the area. MAFL also accumulated THC’s shares in Ascendant Resources.. so added to their own holding, now accounts for maybe 3%+ of Ascendant. Which stands at a market cap of 32.5 million GBP. They also took $900k in working capital which adds to their own of £2.6m. Whichever way you look at it, this is super cheap right now!!!

clear as mud again! Maybe she should write MAFLs RNS

fair enough.. I guess we will soon find out.. what on earth are you blathering on about.. the hot place?

so nearly 5p there before any book readjust for Redcorp/LS or other shares appreciation...

and just short of 2p for the 900k usd

I have it converting cad to gbp today at 2.8p just for those shares. (values can go up or down lol).

ok, Interested to hear your valuation for the Nav of circa 3% of Ascendant Resources though ?

I might have to get some ketchup to make my humble pie taste nicer. The RNS does complicate things. I asked JV via email who owned what of LS, in the last send he says “We bought the 15% from EDM” I assumed he was referring to MAFL/THC, but now I read the whole conversation in previous sends it could be that he meant Redcorp .. he wasn’t fully clear in his last mail he sent. Oh man. It’s clear as mud. I’m not going to email him again, he will think I’m a complete tit. (he’s probably right).

Q.. it could well be that Wizzy is right.. who knows.. JV said the 15% was bought, but maybe I have taken it wrong who that is allocated to.. the wording on the RNS still throws out some questions as always with MAFL.. I stand to be corrected, no problem. But I am not throwing out "misleading" information .. Ascendant have published what they published. People can see that.

According to Ascendant.

"On a pro rata basis Ascendant currently owns an effective 21.25% of the Project."

If that is incorrect, then I suggest you get them to adjust their website or they are falling foul of regs.

How am I providing misleading information? Maybe you should go and tell Ascendant they should remove their presentation. I am only replicating what it says on their website wizzy.

Wizard I spoke to JV yesterday. Yes, awaiting finalisation from Portuguese Secretary of State, but it has been bought. A formality imo.

Certain posters on here had done their research before buying tut tut. “*Ascendant owns an 25% interest in Redcorp – Empreendimentoes Mineirs, LDA., which owns an 85% interest in the Lagoa Salgada Project as well as acts as the operating entity. Ascendant has an option to increase ownership to 80% upon completion of certain milestones and payments. On a pro rata basis Ascendant currently owns an effective 21.25% of the Project.” Clearly stated in September Ascendant presentation on their website, page 17. It really didn’t even need me to get it from the organ grinder. http://s21.q4cdn.com/765868678/files/doc_presentations/2018/09/Update/Ascendant-Corporate-Presentation-Sept-2018-Update.pdf

Oh don’t worry I’ll remember it! Your way off with your fundies .. as always.

ok wizard I’ll answer it for you. The Ascendant shares they now own through the sale and what they’ve acquired from THC will add 3p+ to the Nav alone. Before any working capital and other re-valuations they make to assets. I don’t think for one moment they’ll put LS in at what we presume is Ascendants valuation through the purchase.. but I do suggest you go back and think about your figures. Nav will be well over 10p, probably 2 or 3p above..

I thought it would be odd for Ascendant to get wrong what they had just bought into .. announcing it to their shareholders lol

Confirmation from Jacques himself. THC did buy the extra 15% of Lagoa Salgada from EDM to own 100%. Not Recorp.

wizard., forgive me, but your track record on this share has been based on technical analysis. Your fundamental research has been pants to say the least. You suggested at one point MAFL should be happy with 700k for the whole asset when you were deranged So let’s not forget eh

wizard what about the ascendant shares in addition to the working capital they just acquired?

ok wizzy. I’m just going by ascendants own press release I kind of thought they might of known what they just bought haha