Member Info for baz9707

After hours RNS is not great missed by many and no pick up by social when the 7am news drops.

And it is probably the most scrutinized RNS before release with so much info.

I will take that though

Yearly profits and they have reduced directors fees, not many of these companies about with a genuine person running the ship. Just the PR now and multiples in the SP next year could be big.

I have rants but its a safe investment when many are going bust or diluting at a discount.

https://x.com/Baz9707/status/1858964995603652891

Words most invested think at the moment, when the board apart from Jacques and those in the circle think its not an attractive investment who is going to buy up the slack from the seller. NAV been 60% higher than SP for over a year, the 14% disparity has not been the case for 5 years no longer a sell point.

It traded above NAV on the knowledge the put option was coming through, on the MAFL Presentation LS was suppose to be in production 2025.

One thing Proactive was rubbish at promoting and hopefully a new PR company will provide a better service. Jacques works hard but this is a 3m mkt cap company with no PR and a archaic reporting system. I look forward to any changes and a higher SP - it will come I hope.

Guvvi when you can buy around the bid normally a sell order is in. Unless its a big buy the SP will still drop and the seller hits the bid when any liquidity is there.

Investors are looking at a presentation with NAV figures from March, with another record year for Gold the only updates are about LS/Redcorp and even I cannot decipher if they are in the RECAPE period or not, are they back to exploration now due to no take up in financing who knows.

The rot started with the Novum placing just wondering when it will end.

You would be surprised at how the SP moves on a couple of grand buys, not really that many shares in circulation.

A lot of the time a couple of buys it goes NT until the mm's look for liquidity.

Weardale Lithium is the main thing holding MAC SP up. Now Chris K has come in I expect revenue and profits to follow. Liquidate the investments and become a proper financial company not small time family office.

You can follow the planning process for Weardale online with the meetings screened live could get interesting.

There is not many FCA regulated company's listed on the market.

Anything could happen with this company, I see it as a boom or bust investment but happy to continue to hold.

Placing punters will want a return and not a suspension.

This investment will pay off in the long term, the company makes money and very astute in the various cycles. The gold run was seen early and 500oz of gold in the back pocket about £1m is a fine return.

Some long plays but that and the listed/ liquid investments covers the mkt cap plus.

Ideon trusted by BHP Glencore and Vale rapidly expanding could be worth ?

Golden Sun Resources - Gold producer Costa Rica worth ?

Redcorp PORTUGAL 5 - 20% of a mine free carry that could start construction Q4 2024 worth ?

MAFL held 6% of LUCA which is a 100m dollar mkt cap gold producer.

In a year or so NAV could be up in the £1 area sp probably 10p lol but I doubt it.

Gold set to continue the rally.

Meeting Adrian and the SEEEN brokers at today's investor lunch was very informative.

Achieving a cash flow positive status is the goal, and I believe it will be a pivotal moment for investors. The technology's potential and applications seem limitless, especially with a low-cost model and efficient management.

I'm keen to hear more updates regarding the directors' support for the company at this low share price, yet I recognize the positives in their current strategy.

In essence, the company has a robust base that could lead to rapid growth.

Luca will come good record Gold and Silver production will lift the investment into profit.

The reason Cerrado Gold has dropped is it has sold the biggest potential asset in Brazil and I believe they still have debt, with its producing mine in Argentina where inflation is sky high and companies pay 30% tax for currency conversion.

MAFL will have made some money when it was listed so not a total dud.

MAFL have plenty of other exposure to the recent gold rise.

Dthe country continues to be a safe place for foreign investors.

https://www.politico.eu/article/portugal-still-safe-for-mining-investments-minister-says/

MAFL hold roughly 2.2m shares in ASND

In recent times, the stock market has been a tumultuous place, and the TSX Venture Exchange has not been immune to the challenges. Liquidity on the TSX has hit an all-time low, and exploration companies like ASND are finding it increasingly difficult to navigate these turbulent waters.

ASND, an exploration company with approximately 173,439,492 shares in issue, has been facing its own set of challenges. The company's shares were last raised at 0.08, but currently stand at 0.055. However, despite these challenges, there are reasons to believe that ASND may be well-positioned to weather the storm.

One reason for optimism is the board's commitment to maintaining the company's reputation and completing ongoing projects. This was evidenced by the board's decision to take 270k of the last raise, a sign of confidence in the company's future prospects.

While the road ahead may be challenging, ASND's board appears to be resolute in its determination to see the company through this difficult period. MAFL would not want to over commit to this one investment as the prize is on the % held in the overall project.

In conclusion, while low liquidity on the TSX may be a cause for concern, ASND's board's commitment and confidence in the company's future could be reasons for cautious optimism.

Shaz unfortunately I am not mega rich so I cannot hold on if I need a bit of cash. I sold at NAV and after being in the stock since it was 5p I think its OK to shave a few off. The drop from 20s was a sell off by others in an illiquid stock, if the company actually gets out and sells the story the rise could be just as quick as the drop.

The mkt cap (4m) even with the sell off in junior stocks is very low when you look at the 7m call option and 15% gov possible holding coming back. I think the gov have to invest in the mine or lose it so anything MAFL offer could be better than nothing.

There was a couple of things that annoyed me, the placing after receiving £2.5m in cash, to not forward control cash into bank UK for fee's is a poor excuse. Then the quick re investment of the funds, a small divi would have rewarded shareholders, instead we was rewarded with a placing and a sharp drop in SP.

Investment companies cannot just rely on saying they will reward shareholders with the SP, as the SP could be 5p and they still get a wage so why bother going out and selling the story, yes JV is aligned but is also on a 6 fig wage.

The lack of excitement in any RNS is probably the worst I have seen in any company, there is playing by the rules then just being a scrooge - always a but if, you do not see that in other companies why MAFL.

Having a NAV update for March in July then waiting for the June NAV in December is also not a great reporting practice for keeping holders updated, especially for an investment company. Sept NAV if followed by previous years will be in 2024.

Rant yes

Overall annoyed but not selling down here. I see the value and still hold over 6% but the company needs to change how it reports and sells the story.

Looks like funding for the DLE pilot plant is secured with no dilution, adding value to the 8.5% MAC holding.

Last funding round valued Weardale Lithium at 36m

The project is specifically concerned with novel methods for the production and refinement of lithium extracted from geothermal brine resources in the context of developing an integrated and robust route from 'borehole to battery', all within the North-East region. The funding will advance feasibility studies and scale-up activities to further a battery-supply chain industrial hub and include the evaluation of the potential for WL to supply lithium to TVL for refining.

https://www.lse.co.uk/rns/ALK/tvl-grant-funding-secured-o3ju5b1s67yrjp0.html

Hi I keep an eye on MOS traded it before the NFT endeavour and have a question that should put an end to some of the arguments.
An NFT is on the Blockchain easily trackable and you can sell the utility. Where are the NFTs that Heroes have released and sold apart from the Mexico world cup failure which you can see has zero liquidity on secondary mkt and did not sell out.
I cannot see anything and it seems they have mistaken the whole point of NFTs by removing the crypto and blockchain element and replaced it by a cash payment system.

Hopefully this can be answered by those who follow the project.

Baz

From RNS

if Redcorp/M&FI can secure 100% ownership of Lagoa Salgada then the Call Options are cancelled. The Call Options can be exercised on the date being 6 months after the date on which Ascendant increases its ownership of Redcorp to 80% or immediately if EDM elect to participate in the Project. If the other conditions set out in this announcement are satisfied, and if the call option was exercised, TH Crestgate's and M&FI's net carried interest in Lagoa Salgada would decrease from 20% to 5%. Further updates will be provided in due course as this progresses."

This month NAV - Sept 22
Mar - Year end results Dec 22
Q2 2023 - Cerrado Gold - initial heap leach operation at Las Calandrias is expected to commence production 90k Oz P/A.
Q2 2023- BFS Ascendant Resources
Q2 2023 - Resource upgrade Ascendant Resources