Member Info for 6zeros

Smart moves buy a smart person. I suspect these who are taking large positions have better knowledge than us of what is being drilled.

Someone loading up. Shrewd moves by those who actually bother to research and see what's coming.

u69.. Cap is an interesting one.. It's quite a large investment in MAFL's portfolio but we haven;t head much on it this year. As you say, maybe a surprise in store someday :)

Zan, I think we are only waiting on 2 more drill results.. from 21st of Sept RNS.. "The 5th and 6th holes have been completed and the core has been sent to ALS in Seville, Spain for assaying. We expect the results to be returned to TH Crestgate within the next 3 to 4 weeks."

I'm no geologist so google was my friend :-) http://www.undervaluedequity.com/Drilling-Program-Step-Out-Drilling-vs.-Infill-Drilling.html

They did pass in the last general meeting the option to raise some more cash.. but as recent placings raised cash at higher prices than the last, I feel this is in place in case an opportunity arises to raise some extra capital with minimal dilution, IE up at or above the year highs. And it's only for a small amount.

It's hard to say what it will sell for. I guess when the resource is expanded, and drill reports are fully out.. there will be many a guestimate on true value of metals in the ground.. but we know fine well that is not the price which the sale will be at. This impending resource upgrade will certainly add a lot of value and make this a really attractive asset for someone to acquire.. but whoever takes it will have a fair few processes before it becomes a working mine. So, with that in mind we have to accept it will be much smaller than "true" value. We had (back in late spring) on here speculated on a sale price. It was suggested back then that even 3% to 5% of the true "value" would be huge.. many times today's market cap, without the resource upgrade. I'm not going to suggest a price, as I honestly don't have a clue. But I do know that this resource is high quality (very high), in an area that is set up for mining and has active mines, in a country whose Government will be helpful with progressing the project and working with the new owner, contains oodles of high grade Zinc which price is currently trading at 10 year highs, and is (even in a worst case scenario) going to earn us a huge chunk of change on a sale. I stick by my prediction from way back of a share price over 30p on that event. (secretly thinking mid 30's to 40p)..

Seen it mentioned it hit a 10 year high today.. LME Official Cash Ask ($/MT) 04 Oct $3,370.00

Yup, mentioned in 8th march Nav update but not since. It couldn't have disappeared.. so it will be nice to finally know about everything that's in the ground at LS. "4. Completed a petrographic study on the Lagoa Salgada project highlighting the presence of abnormally high levels of indium in the evaluated ore zones (Note: Indium is a mineral used in touch screens and flat televisions technologies as well as solar panels. Indium currently sells for US$570,000 per/tonne);"

No idea Shaz. Give me a clue..

Nice one mate, I'll keep an eye out for it. A bowl is for bottom feeders to eat from ;-)

nice. Keep it up MAFL.

interesting doc on the global shortage of zinc.. right place and right time for MAFL to be ready to sell a mine!! http://s21.q4cdn.com/765868678/files/doc_downloads/2017/09/zinc_market_infographic_sep.pdf

"adept" with an e.. damn phone.

I'm quite adapt with TA thanks :-) But I find its more suited to indices, or larger cap stocks. Only thing that's worth any salt with low volume tiddlers is supply/demand zones and volume. Maybe just maybe, we are on the same page now.. shock!!

Yeah, there's a reasonable chance we've bottomed out round 10p ish. Stochastic turning up from way oversold level. But, means nowt in the long term picture until we get above 13p and hold it.

http://m.miningweekly.com/article/zinc-price-on-the-up-as-supply-tightens-cobalt-forecast-revised-upwards-as-demand-intensifies-2017-09-26/rep_id:3861

with warehouse stocks of zinc still falling , prices are on the up.. demand to increase.. bodes well for somebody who may have a shit load of zinc for sale :-) https://www.metalbulletin.com/Article/3671271/FORECAST-Batteries-to-substantially-boost-demand-for-zinc.html

yes completely agree. It seems someone can't grasp most holders here haven't bought based on TA. We are in because of what's on offer over the medium term. We bought for future fundamentals. That period is about to begin.

I believe completely in TA.