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Ouch - no liquidity at all, - 13p!
Agree - Worth overlaying the NAV with the MKT Cap and can clearly see where value has arisen - only a few months ago it was trading at a premium and last year at a 30% discount.. its all forwards looking and short term movement due to liquidty.. NAV is going in a good direction and the SP will move around it
Agree - I’m thinking of adding next week..I’ve got a 2 year view on most things and it looks attractive at this level- only £15k of trades
TBF to MB, its good that he put himself up for interogation.
Yes agree re software, the face implied - dont give me a load of boswolocks :0) If think MB has taken a bit of stick, but the point he makes is valid - Its not a bad BFS, victim of his own hype and delays.. but alot to gain from here from a MAFL point of view
Thanks Lewis - Not sure what to make of the comment that there were finacial concequenses of not completing the FS.. assuming that is MAFL.. I like the style of the interviewer, interesting
Not sure.. but its good to see this developing, Put option gives a good safety net ..
Would be great news if on the outside chance MAFL get the 20%, The SHA prevents and debt/ funding being attibuted to Redcorp without MAFL permission, so i'm tyhinking that 20% would be quite a valuable asset
Thanks for posting - I'm suprised that didnt come from MAFL .. Starting to become clearer , as you stated it looks like a clear 120 day time limit on EDM to participate..
Worth noting that MAFL Assets have gone from £2.5million to £8.3million in 5 years -looking @ £12 million by Sept/6 years, That some going .
Hi LM
Possible , but already looks at quite a steep forward discount and alot to play for with Lagoa and other investments... happy to take a mid term view on this .. JV has done a great job over the past few years and a nav north of 30p by september will start to give MAFL much more credibilty, and that has bee achieved against an almost historically difficult period in time..
Agree - Its a bit of a mismatch of expectations over timeline, but still a big deal as we have a"Collect Now" button of about 10p a share, Its good to listen to the ASND MB chat.. it clear they are moving on to construction funding ...one thing im not clear on is any uplift in NPV from the rework will be applicable to the put option ? but its good to have a real value from Lagoa on the books - Its just quadrupled and SP is down ?
Undervalued by some margin at the moment, I think short term punters on the BFS have given a good oppertunity here
Sorry lInk below
https://www.proactiveinvestors.co.uk/LON:MAFL/Mineral-Financial-Investments-Ltd
Morning - good inteveiw with JV , explaing the NAV and the imapct of LUCA / Redcorp
Next NAV Update will be for end of june which should be higher due to LUCA and Cerrado IMO.. pushing 25p - but the Put option wont be reflected until AUgust - however with ASND complete 2nd of autust it does have a "cash out" value of about $6.8 miliion (my guestimate of the inpact of the additional compounded 2%) Taking away the $2million on the books ... thats about £ 3.8m or 11p @ additional todays rates.. so either way looks good .. not as barnstorming, but a signficant premium to todays price or they manage to grab additional 15%.. thats my take , but there must be alot going on we dont know about .
Reading the Owership status with the RNS it would appear that the 6 months date would be linked to the decsion from the EDS to participate.. 5% Put option or 20% if gov do not participate.. put option comes into force from 2nd August,5% put option is for 100% of redcorp, with or without Gov? That how I understand it, but seems to be more emphasis on the MAFL deiscussions?
Morning Lewis
Yes, Interesting how these were the items that JV raised as a comment on the first draft that forced the extention.. Ascendant appear to have got another extention by defaut by producing the BFS "subject to change".. on a postive we now have a put option valued at about $6.8-7.0 million, which isnt bad at all, but feel below the potential that the put option was envisiaged.. SHA stops any debt/funding being transferred to redcorp which is very important, and the Gov'ss stake may now come into play as part of the BFS Issuance..would like to here JV's take on this
Morning
BFS finally out .. slightly disappointed with the high level number however even after adjusting NPV 10% which has little impact due to early cash flow the put option is worth $7million which adds about $5million to the current NAV after discounting the current valuation .. I think it’s now up for debate on what MAFL do next .. on one hand it’s a big uplift , but there’s still appear to be work to do to get the full potential out of the resource .. will JV cash out ?