Member Info for Guvvi

Trades are getting spicy... still should probably be at 25p though without much risk.

Sid has convinced me to sell, I’m worried.

I'm not one for crazy thinking but Cerrado might as well bid for MAFL at these prices.

Yeah big news this and they mention LS many many times in the rns.

Warren Buffett was still decent at 68.

I'm never saying i'm completely right but It looks like JV holds 18.98% himself and another 18.98% through MEF S.A ? Is this wrong?

But Sid he also has 20% so he's got 40% total then?

I won't be immature then Sid but i doubt JV is worth £50m. Have you ever met him? I have. More than once. I don't agree with most of what you read but in an effort to be polite i thank you for your thoughts.

His stake in MAFL is far more than 20%. As such a well informed existing shareholder i'm surprised you don't know who owns Mount Everest Finance S.A ? Im very sure JV doesn't treat MAFL as small change.

But don't take my word for it, e-mail him. He's very polite and would welcome the chance to talk to shareholders more broadly.

Good luck.

Despite feeling royally misled over the last few years I've decided to accept the offer and move on. Given how they've done their best to ruin me while it was public and regulated i don't trust anything that might happen to me if it goes private.

I guess this is the best way to learn a tough lesson right.

He's got a huge shareholding himself - why would he do that?

But for me the best bit is that JV isn't motivated by the share price on a monthly basis. He's making the best decisions for the company and its shareholders ( including him ) over the long term, that's what he's really trying to do because in a large way it's his business. If he chose not to sell all that gold at 2200 just so he could put out an RNS saying ' i've made some money ' he's done it for the right reasons. He won't get everything right but look at the NAV now and the growth because he's been very careful with costs and overheads but as opportunistic as possible with the investments.

I hope he's not remotely interested in the share price for the sake of it but rather running a sensible ( quasi private equity type ) business. If this year he ends up with 3/4m in cash by Christmas but still loads of other investments making up the remainder of the NAV it will be because the business comes first

It's just a matter of time before we find out which the 2/3 investments are that will be monetised this year and that's without the gold holding ( should he choose to ).

Yeah no wonder they are so keen as the change of control can trigger these payouts. They need to lose be sacked mind you but if they arn't then they get paid anyway so it's win/win.

On top of the money for their shares and other perks too.

Shameful!

Yep page 51/52 or so. Shameful.

Where are you reading this?

Who knows but it's another successful investment from JV right. Nothing here that justifies the huge discount to NAV once again.

Absolutely, good news indeed.

I completely agree with WildCamper. Either i underestimated the challenges of getting a mine up or we couldn't get the truth out of the board. Probably both. In almost every interview DB slammed the share price and every negative assessment of the company as ' crazy ', he was far too positive for a man who would have known about the mess we couldn't see.

I can deal with losing the money, that's on me. £80k down the drain give or take. It's the only investment i've got that isn't doing well so it hurts to have this drag down the wider performance but i've learnt a valuable lesson you can only learn one way.

Please stop moaning about rampers and de-rampers. Anyone with a brain can listen to what they want or nothing, none of them did close to the amount of damage the BOD did.

Appreciate that RetiredBanker. Worst case I’ll take it.

Above 90% they can force compulsory purchase of minority shareholders. So we don’t even have the option of staying with the company off market, that’s the issue with 90%.