Member Info for GIVMESUNSHINE

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 ?

Https://tinyurl.com/276dfd2u

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 ?

Morning - A bit of a pull back from the .57, but looks a good solid buy and can see that going much higher over the next 6 months if all goes to plan .. Nearly 4 weeks since the extension was announced, hopeful we might get some news soon,

Timmit - Thanks good interview

Looking like a very good investment - 50% at these levels and looks to have some legs over the next year

Hi Florence

I think that is a sensible outlook.. I'm a slightly more bullish NPV coming back to shore up he NPV to at least what was in the PEA

Positives

PEA Only took into account M&I resources, we have had a very large drilling campaign since with very positive results

PEA cash flow was all inthe first 4 years, due to the above if beleive this will increase mine productivty and the NPV over the following six years

Exchange rates long term are much more favourable

Metal prices even after large correction still above PEA

Negatives

Capex and Operating cost will have increased from PEA.

On the whole it looks good..but even $6 would be a signifcant boost

Not any surpises in there goof ot see it upto 22.5p - I think Lagoa holds $1.5milion within that, I like the way JV doesnt speculate at all.. this snippet belwo give update on minor developments

Our most recent significant strategic investment of 5.7 million shares of Luca Mining was made in the first week of April 2023 at C$0.35 for a unit composed of 1 share and 1/2 warrant exerciseable at C$0.50. Luca is not part of the current NAV performance, as the investment was made after the end of the current period under review. Luca shares, as at 5 July 2023 were trading at C$0.51 per share. The Company also received shares from the spin-out of Terrasun shares from Golden Sun Resources. Terrasun which holds 17 exploration projects, several of which have historical resources, also owns owns a mill and 6 drill rigs. The Company owns a little over 5% of Terrasun and internally values this investment at GBP197,000.

Thanks Timmit.

All Good, and if it the case that UK is actually think longer than 1 month ahead them its good news also - about time .. not heard of the UKEF before. time ticking along

Does appear from the below that this is part of UK Strategy to source comodities ?

UKEF's Expression of Interest will encourage a UK-led sourcing strategy while allowing flexibility for sourcing from other countries. Support available subject to standard project finance terms and successful due diligence.

Sould help ASND SP - had a kicking over these delays -should restore a bit of confidence for thier investors

Good value as this level - I think things may pick up rapidly with this project over the coming months, the 5% put option will sit there, but im sure alot is going on to prize that extra 15% out of the Gov's hands.. that 5%-20% could be very valuable as a undiluted redcorp parent carry..coultd be liked in someway..JV is proving to be a very comptent and shrewd investor

I thought that, seem odd, is redcorp incorperated in UK ? maybe works as a way of securing resources as exports - no idea - plenty of uk based projects that could do with that investment, but not complaining - does highlight the potential.

A couple of lines caught my attention

UKEF's EOI is in line with the OECD Arrangements for Officially Supported Export Credits and stipulates minimum UK content requirements whilst enabling equipment to be sourced locally and from other countries

Together with S&G, Ascendant will now be soliciting interest from Project Finance Banks to act as Mandated Lead Arranger ("MLA") for the transaction. Ascendant has advised MAFL that they expect to appoint an MLA by the end of July 2023. Once an MLA has been appointed, detailed due diligence will commence with the aim of receiving final terms for the ECA backed Project Financing at Lagoa Salgada towards the end of the year. Further updates will be provided in due course as appropriate.