focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Morning
ok 6 week extension- It must be immimently ready to be issued, six weeks is nothing and obviously that the drop off date, so SD must be tellining JV they are a forthnight away IMO, good news for me, better than silence from ASND. at least we have a clarfication
Hi Girdz
Just read that annual report, got death spiral writeen all over it.. only thing that is positive forme is that BIDS have a 13% minotiry shareholder - any chance JD will get the boot ? They could shore up easier enough to get a majority for a faction of what they have put in and take it private, then get rid of the loser when done.. either way shareholder look destined to be shafted. cant keep rise tinted glasses on that auditors report - GLA oNE OF THE WORTH ceo'S ON THE aim
"Extension Resources" as they are fondly known on the TSX bb'S :)
Yes no worries - I was refering to the recent presentation from ASD (it on thier website now) 3rd from last page amended 27th June 2023 - but if think its more of a typo - wouldnt move it 5 days :)
Morning .. Yes I saw that - I trust MAfl RNS over the ASD Presentation.. Still would thought it would be clarified today ? nothing yet but RNS's seem to flow late morning , so might get an updated today
Extension is on the table imo, but may not be a bad thing for MAFL as we hold the cards on that front, theres a fine line to being fair and being taken for a fool.. six month extension was ample, end of Q1 was ASD FC at time of extension.. Its been virtually complete for 9 months .. However its been clear that JV has never repoduced any of those date and always stuck to June
Im not 100% its the 22nd - The Asendant presentation mentioned 27th MAFL 22nd.. either way I would not be a happy holder of ASD, It has been a tough time to programme these types of work , I thin kit acknowdged that labs have backlogs in most fields, but the way they only communicate delays with silence is a red flag .. However at the moment we could argue the ASD is almost fully discounted.. One the TSX
All quiet - 22nd June now alot closer than it needs to be - only 4 trading days left - SD are either flat out trying to complete the BFS or locked in the boardroom with JV begging for an extension. Zinc and lead prices doing well , with zine recovering well from lows . which are still higher than the PEA .. GETTING BORED NOW :)
Hi Both - Agree - all good points , Sure we will get an update on all these point soon - on a side note - seen the LUCA SP ? touched 0.5 on friday - and boosting thier team
IHi Lewis - I think an "extension" may be on the cards - not a long one maybe 1 month - not an issue , but the 6 month would have been granted with 3 months float (according to assendant programme ..so it a poor show from them .. but that the nature of miming - i dont think ive ever seen a junior would be miner hit thier dates TBH..
After agreeing those terms , I don’t think JV would be too keen to grant another extension without good reason , so assendant may under a bit of pressure , but in the big scheme of things it’s clear that it’s reaching the final stage
Hi assendant don’t ever seem to have it a single date , so not that suprised - April - then on target for may - then targeting end of May .. it’s a poor show of over promise on dates an underdeliver which has been since the start .. we have a contractual date of 27th June and JV has given and extension already.. and been keen to do the opposite .. underpromise and over deliver .. I’m sure it’s on the way .. been virtually complete for 6 months now .. all good though .. this will be worth multiples imo .. and that 15% is still up for grabs - GLA
Hi all - Ive learned to manage my own expectations and not holding my Breasth.. but it’s been a while so hopefully will have something to talk about -GLA
Hi All - re below - thats a different trial
Yup .. Some smart buyers at this level, and looks like the broker sold his wedge, looking forwards to the next update
I dont think its the placing that casued the drop, but the 250K shares allocated to the broker, they have just dumped them on the market IMO.. Dosent matter mid term and good if you want to add and looks like they are just about done over the last few days , but it seems a bit penny pinching at a time when the company has realised cash, - however we have seen that JV is a shrewd chap and im sure we will get an update on the plans soon.. I wouldnt be selling anyway, but i get your point
Been thinking about the placing .. The fact that someone has been willing to put in £250k at 21p is a very good sign IMO - we know that MAFL is not the sort of share you can flip in a discounted placing .. therefore whoever added this amount, new or existing is a good sign and not in it for 5p profit .. that said the 250k shares given the the broker look like are on thier way out yesterday and today - adding a bit of liquitly
I suppose we will have to wait and see, Mafl do not place often - 3 years ago I think the last placing .. not worried about the drop £250k @21p - it was 19p bid only a week ago,
Apologies for the scrambled words ..my keyboard has had it..
Not sure what way to look at it - dilution is not existient reaaly as it goes stright on the balance sheet at 0.1% , I di wonder if this is a cheeky buyin off market pre news , or could be that we have movemny in the background on the 15% who know time will tell GLA