In addition15 Oct 2017 14:49
In addition to where the price might end up in the short term, on the upcoming resource upgrade and sale of asset, LTH should also think about where this could end up over a period of a few years.
Should MAFL sell Lagoa Salgada for X amount, then we know from the sale of Toral to FCR last year, that the money will be reinvested straight into another project. This time maybe multiple assets. With good chunk of cash in the bank THC/MAFL could well end up with a bank of resources, in a vein such as IRR.
We also have Cap Energy.. this one is hard to find information on, as it's not listed now. The stake is among the largest of MAFL's unlisted investments, and could end up worth multiple millions due to the oil Cap potentially have.
With so little free float here, and tightly held by the Ceo and a few others (some now crossing the reporting threshold as in this weeks RNS) the price could go bonkers over a 2 to 3 year period in my opinion. Especially if MAFL remain prudent with the running costs (as they have been) and in the Ceo's words.. no debt ever! What a bargain for sub �5m market cap.