Member Info for nomlungu

We have had 2 bits of good news recently. In the RNS dated 16 Oct JV states - 'Needless to say, the hole significantly exceeded our expectations.' In the RNS dated 2 Nov JV states - 'Recent hole LS-MS-02 re-assayed and shows meaningful and consistent indium (In) content' I expect that the rest of the drilling cores are being re-assayed, hopefully resulting in a slow stream of positive news over the next few months.

I think that Hanwa are happy with their 10 to 20% as they have the rights to a large proportion of the concentrate. I would prefer to receive a stream of dividends in due course.

From the AGM Trading update September 2017: http://www.reneuron.com/investors/presentations/ Indication Assumptions to 2026 Peak Sales ($bn) CTX for stroke 1.76 million strokes/year (total US/EU/Japan) 85% survival, 85 % ischaemic Peak penetration 5% US/EU/Japan Treatment cost $40,000 EU to $60,000 US/Japan 1.1 - 3.9 hRPC for RP Prevalence 1:4000, ~244,000 cases (total US/EU/Japan) Peak penetration 7.5% US/ EU Per-eye treatment cost $50,000 EU to $75,000 US/Japan 0.5 - 1.8

whilst researching the RNS http://www.investorease.com/company.php?disp=share&epic=MAFL It is scraping software guided by AI but still interesting.

Darija Hofmann has been a shareholder since Easter 2014. https://www.investegate.co.uk/article.aspx?id=201404091518534673E

http://www.mineralandfinancial.com/wp-content/uploads/2016/11/Petrographic-Report_LS-1.pdf very complicated reading

too early celebrate

https://en.wikipedia.org/wiki/Iberian_Pyrite_Belt further reading enjoy your weekend folks

multiple faults... as far as I am aware this relates to deposits laid down by volcanic deposits many, many millions of years ago. Try searching for the string: lagoa salgado pyrite belt

Alastair Ford interview from this morning: http://www.proactiveinvestors.co.uk/companies/stocktube/8326/fundamentals-likely-to-stay-very-strong-for-lithium-mining-capital-s-alastair-ford-8326.html At about 3 minutes 30 into the presentation he starts talking about the expected drop in Zinc prices. Nice to see a journalist not taking the opportunity to ramp his own interests; and we have a blue day. Maybe I will crack open a pack of sausages to have with the left over curry.

instead I have curried cauliflower and drum sticks

sell on the news...?

It is a few years old but this article on the BBC suggests just how low the supply of Indium is - production is normally associated with Zinc mines. http://www.bbc.com/future/story/20140314-the-worlds-scarcest-material

No - I have not sold. For what it is worth Indium has been selling for around $200 per KILO this year: https://minerals.usgs.gov/minerals/pubs/commodity/indium/mcs-2017-indiu.pdf Selenium is worth just a fraction of the price - around $50 per KILO https://minerals.usgs.gov/minerals/pubs/mcs/2017/mcs2017.pdf

2p

in profit - great to see the blue wave

I invested here a while ago because of the potential of the Indium in the tailings once the anomalies are mined - it is a huge Zinc deposit with sandy alluvial deposits on top - other minerals are there. If my short term target of 32.4p is reached I will go away until the crowd has gone away.

there is a history of raising funds at prices higher than the net asset value [even though the nav is written down at purchase price]; to me it is a 10 year play...

I thought we await results from hole 5 [from 6] http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MAFL/13396977.html time will tell

http://www.mineralandfinancial.com/our-business/co-investment/ they state: CO-INVESTMENT Once our track record has been established we will seek to create either a Private Equity Fund and/or a Special Purpose Vehicle (SPV) which will be able to capture and deploy capital along side M&FI. The SP may well surge but returns to shareholders are, imo, far away.