Member Info for Hardy78

Shaky - read the RNS dated 7th June. In it, it states 15% of the value of LS (when the resource estimate of LS1 was only 4MT) was worth approx $144M.

U696 - great point about how any bad news is now behind us. Resource expansion is in the bag (confirmed yesterday), so the Resource Estimate will be $1.5B minimum IMHO. Taking into account all the variables, this will still result in multiples of MAFL’s current MCap. Investing here is a complete no brainier at the minute. Buy now and hold for a Christmas bonus. GLA

6zeros - missed the 9am Holdings RNS - looks like our friend Darija was doing just that as he’s back below 3%!!! :-)

Ma5k - in principle, I do agree that the company needs more exposure, though whether they have the budget to pay for PR is another matter entirely. It does look like someone is now buying up the cheap shares, so we might be back to flat by the EOP. GLA

6zeros - it said in black and white today that the drilling programme has exceeded their expectations, so putting 2 & 2 together means they’ve made the 8-10MT resource expansion. At 4MT, the LS1 resource was worth $1B. It’s not rocket science! GLA

Ma5k - sounds like you either need to put up and shut up. I’ll have your shares when you sell out and miss the rerate

Currently 12.75 to sell, 12.99 to buy Madness!

...and subsequent sell-off

Ma5k - it doesn’t matter how many buyers/sellers there are when the MCap gets rerated based on the resource estimate...

Ridiculously oversold. Anything below 20p will prove to be a bargain by the New Year

Marineville - your logic makes perfect sense, but could you get a price for more than say, 10k shares this morning? I couldn’t get a sell price for higher than 1000 shares during the dump on open and by then the SP was already below 13.25 - obviously caused by the lack of liquidity...

I know it’s Cyber Monday, but current Buy price is only 13.6!!!

Looks like the sell on news brigade are in town, idiots!

Yeah, let’s not worry that all the results to date aside from hole 5 have been stellar, eh?!? In the RNS, it states that due to the geographic layout, it was always going to be a challenging drill, but yeah, keep deramping...

Indeed! I think we’re too close to the Resource Estimate being completed for people trying to trade this now too - HOLD FOR GOLD (and Zinc and Indium, etc!!!)

Basically, drill hole 5 was inconclusive due to the core fracturing, though the MALM testing was incredibly positive. Additionally, they are now saying the drill programme has exceeded expectations, whereas before they were more tentative regarding the outcome. Overall, more good news and the Resource Estimate is still due within four weeks

Ha ha - i'll buy myself some new knees with my MAFL profits!!!

Got a feeling my bones that a RNS will drop tomorrow. They do like Monday mornings for news.

If MAFL drop the mother lode, there’s no way MMs will be able to contain the SP as there is hardly any free float. Believe it or not, I think the BoD might be wise to carry out a placing on any spike to create a bit of liquidity moving forwards

Quadrum - missed the 49% issue, so yes, the upper figure quoted needs to be halved. Let’s not forget that LS1 is the first of SEVENTEEN distinct zones though!