Member Info for Hardy78

Hypocrite

Go away Wizard

And up she pops, back with her usual disingenuous commentary Wizard - considering the target for the resource upgrade is 8MT-10MT and the previous RNS stated that the drill results 'met or exceeded our expectations', why do you think this target won't be met?

Nom - one of the previous RNS’s stated that the copper grades alone made a mine commercially viable at LS1. Think of the indium as the icing on a particularly tasty cake! RNS next week? GLA

Disappointing that impatient sellers were at work here today. I think they’ll regret it...

29 shares bought at 12:59 - Wizard must have had sellers remorse!!!

Lolz!

Nice start to the day, here’s hoping all gains are held before news! GLA

On a serious note, what's the likelihood of a complete cash sale of LS1? I'm thinking that either a cash/share or a cash/licensing/profit share deal would probably be a better longterm option for MAFL. And after the LS1 deal is done, we've then got another sixteen zones to investigate!!!

WWW - unless you’ve invested this months mortgage/rent in EME, stop being such a bed-wetter and start being a bit more patient. The amount of shit you post is tedious

Could be worse - Wizard reckons we’ll only get £750k for the sale!!!

$20M all day long - which would earn MAFL multiples of their current MCAP

Yup, but I’ve also said that what something is worth ‘I’m the ground’ and what it’s sold for are two completely different things too! :-)

Shakey - re. $1.5B valuation, I’ve already answered this question at least twice already, but if you read the RNS dated 7th June, it attributes 15% of the working interest in LS as being worth $144M to TH Crestgate. As this value was based on the 4MT estimate, if the 8MT-10MT increase is achieved (the last RNS stated all drill results met or exceeded expectations), then a in-ground figure of $1.5B seems conservative to me. GLA

Ma5k - I should imagine that as the soon as the results of the 2nd drill programme were coming to light, MAFL would have started to court perspective buyers. You would imagine that any planned ‘next steps’ will also be detailed as part of the Resource Estimate. An exciting couple of months ahead of us. GLA

Grippa - the current zone is high pressure (6000psi) but low permeability, so they are going to frac it to open it up.

Permit to frac will be sorted before Xmas IMHO

At least the drop will have shaken out the day traders and STH’ers. The permit to stimulate the current zone should be granted within days and the operator will be good to go quicker than we might think. Dempsey is now not priced into the SP, so it’s all gravy from here. Buy and hold IMHO. GLA

Another top up for me and sell limit set for 99p GLA

I should imagine stake-building will start soon in preparation of the resource estimate. Question is, will the RE be out before or after Xmas?