Member Info for 6zeros

Indeed Q, patience as ever., Also just realised earlier when I looked at the co. website, the wording has changed since my last visit. Seems to be repeating the possibility of share buy backs that was inserted into recent annual report. And about seeking to gain control of an investee company.. hmmm. “The Company will have a blend of passive and active investments and, if and when appropriate, it may seek to gain control of an investee company. Returns to Shareholders are expected to be by way of growth in the value of the Company’s Ordinary Shares. The Company may also from time to time make market purchases to buy in the Company’s Ordinary Shares if the Directors consider this to be in the interests of Shareholders as a whole. The Company will publish a quarterly update on its NAV.”

We should have a NAV update sooner than that ma5k. On the website it states.. The Company will publish a quarterly update on its NAV.

looks like bottom has been found around 6.5-7p

Maybe we have found a bottom ... saying as m/c is just less than working capital!

We know the current valuation attached to LS based on one drilled area.. but it’s quite a complex set up. A NAV update should show where the company is at .. although it’s pretty obvious it’s going to be far higher than now. I’d like some news on what’s next. LS will progress itself from here at no further cost, the value will certainly increase.. but there is no doubt a plan for MAFL. I don’t think JV and JL have been sitting for the last year without any discussion on the next steps to progress toward the objective for the company.. I think we should hear something soon enough

I have a feeling we will hear something sooner rather than later !

Decent time to build a position. Trading at discount to NAV and only a matter of time before that’s public knowledge with an update

Dunno like, quite possible she’s bailed after 20%

*en

It is crazy but that’s the way for a lot of metals and resources just now. Apart from a scattering of co’s they are all struggling for continued strength, Oil companies are in vogue just now.. but it turns in cycles . Our time will be back with a vengeance soon.

Best get my sh*t packed. Off to la manga tomorrow.. hoping I come back to higher prices :-)

I’ll dig into those calcs later bud.. but I bet you’re not far off.

MV I don’t begrude anyone doing anything.. at least you’ve always been transparent about your ins and outs.. unlike others ..

£2.6m in working capital. £750k in shares of Ascendant Resources. 49% stake in THC , whose main asset just valued at over $9m and about to be expanded substantially at no further cost to MAFL. Over 1% in Cap energy who own 3 Oil resources. A cracking Ceo who was managing director and Global Head of Metals & Mining at HSBC and BMO capital. Ceo holds 17% of co and takes a paltry salary. No debt.. And now cash for next shrewd investment.. All looks good for less than 3m market cap.

MV it’s ok doing that with a few grand here and there, take the quick bucks. But for a LTH there’s no way to get in size for sure, and no way of knowing where the top and bottom is unless you’re a wizard (get it?).. For me I have around 1.8% of co and will add more for a LTH depending on - next investment, Cap energy, Lagoa Salgada progress, potentially a share buy back.. I’ll decide where I see value for the next few years. Not worth me punting for a speculative few hundred quid profit. I wouldn’t usually be thinking off adding more on one share but Jacques is not your average AIM ceo imo. I have the faith :-)

madness .. patience needed again. clearly undervalued now, and next NAV will show it. I’m sure we will begin to climb towards that and more news..

I think you will ;-)

As I said earlier. I have quickly ran my eye over last few reports, and can't see this line inserted in any. Maybe I missed it. But if not, why add this now?

Sure Zan. Page 8. 5th paragraph under heading with Principle Activity.

http://www.mineralandfinancial.com/wp-content/uploads/2018/07/MAFI-Annual-Report-2018.pdf

"The Company may also from time to time make market purchases to buy in the Company’s Ordinary Shares if the
Directors consider this to be in the interests of Shareholders as a whole."

will be even more interesting should the company start buying back its shares.. as per the line in the annual report