Member Info for nomlungu

There has been speculation as to what percentage MAFL end up with once the mine is in production - this is from Ascendants website:

'In June 2018, Ascendant entered into an agreement with TH Crestgate GmbH to acquire an initial 25% interest in its Portuguese subsidiary Redcorp - Empreendimentos Mineiros, Lda (Redcorp), which holds an 85% interest in the polymetallic Lagoa Salgada volcanogenic massive sulphide (VMS) Project, as well as an option to earn up to an 80% interest in Redcorp upon completion of certain milestones.'

https://www.ascendantresources.com/English/Operations/Overview/default.aspx

From my reading of this MAFL end up with 20% of 85% on a 'zero interest loan carry' if the Portuguese GOV do not relinquish their 15% so a 17% share of the mine.

Redcorp have [as far as I am aware] first refusal on the 15% Portuguese GOV's share which if acquired could see MAFL's share up to 20% [but MAFL may have to pay for this extra 3%?].

17% of a mine expected to generate over $100m a year in free cash flow from year 3 for a few years seems to make MAFL an incredible bargain. As Baz said: 'Money to be made short term, fortunes to be made long term.'

Shareholders should push management to publish a clear chart showing the ownership structure on MAFL's website at the next AGM as if I am correct then people who think MAFL only has a 5% interest in the mine are significantly under valuing the interest.

Ascendant have published another presentation [branded on the first page as 'Project Of National Interest']. It notes on page 32 that: "Crestgates interest is held as a zero interest loan carry"

https://s21.q4cdn.com/765868678/files/doc_presentations/2022/05/20220530_Ascendant-Corporate-Presentation-May-2022.pdf

No more insurance for Russian oil shipments

https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F10372dd3-be3c-42b9-982b-241a38efcc88

Shortages of popcorn and popcorn containers in the US:

https://www.wsj.com/articles/movie-theater-concession-shortage-popcorn-11653411143

And that is where the cinemas make a lot of their profit...

Agatha, the storm that hit Mexico, may regenerate in the Gulf and hit Florida next week. Apparently there is still a shortage of lumber, so how do you board up and then repair?

https://www.yahoo.com/entertainment/la-nina-loop-current-other-201700547.html

First time we have been on the same side of a punt...

People buying bucket shop shares issued at 0.27p - Atlas drinking Champagne and feeding their dogs Wagu Beef Wellingtons. When they say "Special Opportunities" they mean for themselves.

Hopefully, BlueGlow is now sitting smug in the warm afterglow of buying when he saw the 1.038p bargain earlier.

Just 216k but more joining - as TruthCaller notes, full ask paid on a lightly traded share.

Just 40% seem to be in the hands of punters at the moment and the share is listed on the main market... some love to ramp when a tiddler is not on AIM.

evi,

Sometimes I am most grateful when they believe their own nonsense and provide liquidity for me to sell when I think a speculative share is overvalued. The excitement does not normally last.

evi,

Did you see the name of the bloke on today's TR1... LSE will not even publish his name. It is though he is a ****stani from S****horpe. I say they will make an announcement and the price spikes whilst people are trying to manipulate investor sentiment.

We have all seen the film many times...

Nathan90,

The name on today's RNS is banned on this site; it seems he is considered a notorious ramper. As I said, a gamble for sure; but a gamble with some substance so the upside must be higher than the downside so a few quid for a steak dinner seems fair odds.

https://bit.ly/3Nj7FGl

£1 m/cap and £1m cash and a green shell to boot intriguing gamble for those with hot money to speculate with

Strategy

The Company was formed to undertake one or more acquisitions of a majority interest in a company or business. Any such acquisition undertaken by the Company will be treated as a reverse takeover for the purposes of Chapter 5 of the Listing Rules.

The directors intend to search initially for acquisition opportunities in the energy transition sector. Energy transition refers to the global energy sector's shift from fossil-based systems of energy to renewable sources, such as wind and solar and lithium-ion batteries. As the Company intends to apply for the London Stock Exchange's Green Economy Mark in the future, attention will be given to companies that generate over 50% of their total annual revenues from products and services that contribute to the global green economy.

Most unusual shell - see details from 1st RNS below:

Admission details

More Acquisitions plc (LSE: TMOR) announces that 125,000,100 Ordinary Shares will today be admitted to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange. The placing of new ordinary shares has successfully raised a total of £1,200,001, at a placing price of £0.01 per share.

Highlights:

• One Price for All - All investors have come in at the same IPO price; no Founder Shares or pre-IPO rounds; no warrants; no options.

• No Advisory/Broking Fees- The Company's advisor and broker, Peterhouse Capital, has agreed to waive all advisory fees and commission on all funds raised at the IPO and will receive no annual retainer.

• Capped listing and on-going costs -

• Total costs for the IPO have been capped at £50,000, including all accounting, legal, PR and Exchange fees;

• Total costs for the first full year after listing also capped at £50,000.

• No ongoing director salaries - The Company's directors will receive no salaries or consultancy fees; compensation will only be received by way of a success fee on the completion of an acquisition approved by shareholders.

The name of the 'investor' is so disliked by this platform that they star his name out!

https://bit.ly/3Nj7FGl

Looks like this is being primed for a big time ramp - get your tickets now and get ready for the pump; just make sure you are out before the dump.

TMOR - the last TR-1 is from Mike ******* - Google him

https://www.google.com/search?q=mike+*******+doc+holliday&oq=Mike+*******

Serial ramper but with a £1m m/cap might be worth the ramptastic ride?

I thought his name was spelled with a U?

https://cen.acs.org/business/inorganic-chemicals/Sodium-comes-battery-world/100/i19

Sodium hydroxide - less than $800 a tonne
Lithium hydroxide - nearly $80k a tonne

Compelling economics, even though energy densities are not as good. And there are performance fade issues... but still.

Not at all...

https://promedmail.org/promed-post/?id=8703425

https://www.microbe.tv/twiv/twiv-special-monkeypox/

[The TWiV podcast is worth a listen / watch if you are concerned. At this stage, there should be negligible economic impact.]