Member Info for martina07

Yes you needed to have taken part in the IPO to get the EIS Tax relief. Not that this cushions the 75% share price fall since then !!

If in doubt, ask your accountant.

IMHO. DYOR. GLA.

I'm rel new to this stock but has anyone got a concise opinion on why the SP has been so severely spanked , since the end of September ? (other than more sellers than buyers, of course !).

Seems to have a number of irons in the fire, and even a small revenue stream, so seems rather overdone ?

IMHO. DYOR.

Has anyone here actually spoken to Brookes or Nealon recently to find out what is actually happening with this POS Company ? Or are they still hiding in the Gents toilets, with an "Improving" Magazine ?

IMHO. DYOR. VVGLA.

Yes FS, as the Icelandic Munchkin once sang, "Its all so quiet". The Erris BOD are quieter than a Trappist Monk, wearing a gag - in a library.

Not good for shareholder confidence or for bringing new Investors on board.

I wonder what is going to happen to address all of the above ?

IMHO. DYOR GLA.

Yes, I thought that disclosure rules said that you had to announce when you went up , or down through every ONE percentage point holding of a total company's equity ?

Surely that is in breach of their Disclosure requirements, as they haven't just suddenly sold 5% all in one tranch ?

Think JM needs to get onto the LSE and FCA about that one ?

On the other hand, at least it wasn't Glencore, which is a bit of a relief, although clearly, they could have been picking up LO's stock - although again we wud have to have seen TR 1's from THEM, if they had done that. All a bit of a mystery...... ! (as is why LO are selling, in the 1st place, with the BFS just around the corner).

Also, why IS JM farting around so much to get the BFS out ?

IMHO DYOR. GLA.

Given that there are 1Bn shs I in issue it was surprisingly difficult to buy any "REAL" stock in the mkt yesterday. MM's playing their cards v close to chests. (just for a change !), but often a sign of interesting things to come. Felt like there was an underlying buy order in place.

IMHO DYOR GLA.

Yes, para by MC in the 4th October company RNS pretty much says it all.

In stage 2 they are looking to concentrate on the "Core", high concentrate area, and define the boundary and depth of that area. A truly deep hole has never been historically drilled by any of the many previous licence holders. It is highly likely that this will then form the future basis of the resource that is classified in the "indicated" status. MC has stated that this is all ahead of schedule and that they are VERY interested in it.

My owns view is that there may be a number of different Sphaleite lens systems , extending at depth , beneath the near-surface mineralisation, which has recently been proven and which all of the historical miners missed.

I don't have a clue as to the ultimate size of the resource, only to say it could easily be 20 M tons plus, which would make it a "World Class" asset, such as those at Navan & Lisheen , in Ireland.

Of course, the really skilful bit will be raising the finance to get it all out.................. !

IMHO DYOR. GLA.

It seems as though the EUZ "Sister Company" BZT (also run by the Laurence Read.ColinBird duo), is having a better day , today, as well, as peeps pick up on the potential size of their Mankayan Copper/Gold resource.

Lets hope the EUZ SP gets a similar treatment, when folks finally realise the true potential of the Toral Asset, in relation to the current lowly SP. 20 MT plus , in the combined Zn/Pb/Ag resource, and hopefully some of this moved upto "Indicated" status would certainly attract the interest of 3rd Parties.........

IMHO. DYOR. GLA.

I'm also not seeing anything new here, in today's RNS.

Just words, designed to keep the Company, and the Director's lifestyles going.

Winter's coming, so new Fur-Lined Boots needed, no doubt ?

IMHO. DYOR. GLA.

Yep standard disclaimer from Auditors for AIM cos. There's enough cash pro-tem , over £1m at last set of interim results, in Sept, so that shud keep them going into next year, as not drilling at present.

LR in HK this week , trying to present & flog Mankayan.

Shud be UK investor Prezzo's after he gets back, I am told.

IMHO. DYOR. GLA.

Quite agree ibjj and I can report a similar picture of joy and pleasantness in the 2 major cities of North East Spain, Barcelona & Girona, where public transport and the populace are generally very good news. Ditto in Sweden, where trains worked faultlessly and spotlessly, despite there being 6 feet of snow on the ground, unlike the UK where 2 snowflakes can bring the whole of Southern England to a halt.

One duz wonder, however, why the UK infrastructure is so bad, despite being in the EEC since 1973 and latterly paying-in approx. £165m (net) per week into the coffers in Brussels. (£8.6bn net p.a.). Is it that we are subsidising the rest of Europe and are not very good at promoting our own spending needs, through corrupt, inept and inefficient politicians , or is it that we are simply being ripped off by the EU, who , also wish to steal our Financial Services Industry from the City of London and transfer it to Frankfurt & Paris ? You decide.

In the meantime, the Swedes appear to be excellent at organising trains and being very nice to foreigners, but sadly, not at handing out Mining Exploitation licences, unless, of course, they are to Swedish companies..........

IMHO. DYOR. GLA.

Just to assuage people’s potential anxieties, the reason for BKY’s 45% SP fall today , in respect of lack of Spanish Permitting, is down to their intended Commodity- Uranium - not the permitting process itself. Concerns about potential radioactive waste issues. Clearly Euz is an intended Zinc/ Lead/ Silver mine, without the above issues. It is also in an area which has been extensively mined in the past. IMHO. DYOR.

I think it's mainly about the commodity being potentially mined - not the permitting process in Spain, per se.

The Dons have left it very late in the day to put up a challenge, mind you.

IMHO. DYOR. GLA.

Glencore keeping the SP below 4p again, in conjunction with MM's, despite the best efforts of Mr Bavinton to Big-Up the Vermelho project. Weird thing to do when all we want to see is the Araguia BFS ?!

All very odd. Does smack of a total buy-out.

Also makes me wonder why HZm are taking SO long to produce the Araguia BFS. Could it be that they need to let a potential buyer see it 1st ?

IMHO. DYOR GLA.

Battery tech, Graphene and EV's defo the products of the future, but the EV Charging Infrastructure has to make a quantum leap from where it is now, otherwise we are going to have lots of EV's stranded on the roads, and nowhere to charge them - especially in the UK, north of Birmingam. I have personally never seen a single EV charge point at a Conventional Filling Station , in the UK and only a very few at motorway service stations at present. I see also that the wonderful Chris "Failing Graying" has proposed that the subsidy on UK EV's is to be reduced by £1000, per car in the next budget and that the discount on Hybrids is also to be reduced to zero. So, you can see where the Govt is going to go as regards revenue collection from EV's. That's without taxing the electricity to charge the EV's on top of that !

Then, where is all the electricity to charge them going to come from ? Boris Johnson says "the Plug" and being a total genius, he is, of course, correct. As we haven't actually managed to build a nuclear power station for 20 years, or produce a reliable source of electricity that delivers consistent baseload electricity, where is THAT all going to come from - apart from covering the entire country, and seas around our shores with wind turbines ?

I'm sure that this will all be resolved at some stage, but right now, it still all looks a long way in the future, partially exacerbated by the big oil companies, who want us to continue using their dirty products for as long as possible. Evr seen an EV charge point in a Petrol Filling station in the UK ? - I haven't. (yet).

Think VRS is a great company, but question the time scales that are being applied, and whether VRS's products can be made commercially viable in that time period ? One is always running against the Nay-Sayers, and (God help us) the bloody banks and money lenders too, who generally spoil the party on most good ideas ! Lets hope VRS continue to do an Elon Musk and wave 2 fingers at the doubters !

IMHO. DYOR. GLA.

Yep, its down down, deeper & down, as we head back to the 52 week low.

Will be interesting to see if this downtrend can be reversed.

Having said that, ALL Miners are under the cosh ATM, due to Mr Toupe and the Chinese playing poker with each other on global tariffs. At least there is no debt at BZT, which wud hav made things even worse (a la Wolf Minerals !).

IMHO. DYOR.

"Sage the Barbarian" sounds like an excellent Book Title .

Like Conan, but wiser !

IMHO.

Don't know if anyone has looked at the Calendar today, but there are still 2 weeks to run, to the end of October .........!

IMHO. DYOR. GLA.

Given that nothing significant has actually happened over the past 10 months since the IPO, it is both amazing and depressing to see the SP at these levels, 75% down from the IPO price.

Given the minute trading volumes in the stock over the same time period, one wonders how this could have happened ?

The cash in the balance sheet now exceeds the Mkt cap of the Company, FFS !

One wonders if Anton du Beck , is going to get a "10 from Len", or a Disaaaaaster Darling, from Craig !

Either way Anton, needs to make himself known to Investors in pretty short order, and organise an Investor Presentation and we also need a Company RNS to tell us EXACTLY what the state of play at both Abbeytown and Brannberg, really is - because the RNS covering Merlin's departure dusnt tell investors anything, other than Merlin has gone and Anton has arrived .

At the moment this just looks like yet ANOTHER AIM-Listed Junior Mining Disaster, despite there being a decent amount of cash still left in the balance sheet.

IMHO. DYOR GLA.

I think that MAFL shud put out a formal RNS informing Shareholders of EXACTLY how much MAFL owns of LS.

The recent RNS and off the record email by JV do not answer the question and in fact further muddy the water.

It IS a very important question and it needs to be understood by investors, so that they know exactly wot they are buying when they buy MAFL shares, otherwise the Company is deliberately misleading investors, which is illegal.

I personally can't get it beyond 15% of LS, definitely owned by MAFL, as all of the other variables just seem to be there to confuse and obfuscate the true answer. Perhaps that is the intention ?

IMHO. DYOR. GLA.