Member Info for nomlungu

Interesting listen, no need for funding [yes - heard that before in elsewhere only to be dissapointed], new premises and gel production line next year and a sharp focus on profitable markets. The claim that competitors are trading at multiples on sales as opposed to the same as m/cap here stood out, especially as this is a growth stock that is now generating free cash flow to invest in the business.

The only negative is the extra hurdles put in place iro EU exports but that might just thin out the opposition.

Some models can only be switched on and off 3000 times before a flash drive fails and the car becomes unsafe to use. The laws of unintended consequences...

https://techcrunch.com/2021/01/13/feds-asks-tesla-to-recall-158000-vehicles-over-failing-touchscreen-displays/

Grate1,

MAFL do not need any funds for the drilling campaign as they are farming out the costs for a free carry. If there are no shares to flip there is no need to spend money on publicity to make a market for flippers to sell into.

I think there is significant long term value but that does not help in the short term if the market does not agree.

"Marjorie Taylor Greene says she will introduce impeachment articles against Biden"

sectorbreakdown will be smiling wryly, maybe a few bottles of ale will need to be chilled?

https://thehill.com/homenews/house/534178-marjorie-taylor-greene-says-she-will-introduce-impeachment-articles-against

Rockets are not part of my ramping handbook - more subtlety helps, but I have added it to the collection

https://www.lse.co.uk/ShareChat.asp?ShareTicker=FLOW&share=Flowgroup&thread=82902910-4481-4657-8F8E-79FB64FAB436

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"Fisheries minister did not read Brexit bill as she was busy at nativity"

Another example of Brexit Brilliance brought to you by the CONsrvatives

https://www.theguardian.com/politics/2021/jan/13/fisheries-minister-admits-not-reading-brexit-bill-as-she-was-at-nativity

#CONned

Make sure you have your popcorn and favourite Hawaiian shirt ready as the Boogaloos are out to entertain this weekend and next week.

https://www.thedailybeast.com/secret-service-warns-that-the-boogaloo-are-coming-to-dc-states?ref=home?ref=home

To me, one of the more important terms in the RNS was that they were announcing step-out drilling results [as opposed to infill results]. A small detail overlooked by the fly-by-nighters.

The deposit is growing...

C4 News states that there are more troops in Washington DC protecting against Americans than there are in Iran and Afghanistan.

"For Some Scottish Seafood Businesses, Brexit Could Be a Death Knell" - even the Yanks are reporting about the wonderful deal [but only wonderful for those who gained political power and access to the money through the deal]

https://www.nytimes.com/2021/01/13/world/europe/scotland-seafood-brexit-.html

Fallingknife1

Maybe has already been impaled by a falling icicle. They are more common in winter when beasts from the east arrive.

That being said; this is undervalued but not for widows and orphans

Tesla Would Take Nearly 1,600 Years To Make The Amount Of Money The Stock Market Has Put Into It.

https://jalopnik.com/tesla-would-take-nearly-1-600-years-to-make-the-amount-1846044574

Nothing to see here; certainly no bubble?

Born in Kensington; dad in Peterborough and Mom in Essex.

Just 9am in Toronto so still half an hour until Ascendant [TSE: ASND] start trading.

That gives them something to do whilst pretending that they are not slowly descending into a narco-state:

https://www.theguardian.com/world/2019/sep/19/netherlands-narco-state-dutch-lawyer-murder-fear-fury
https://www.bbc.co.uk/news/world-europe-50821542
https://www.thesun.co.uk/news/12074531/the-netherlands-narco-state-torture-murder-kids-12-drugs/

nwgb,

The next NAV update will be for a period before these drilling results; as they have adopted such a cautious approach to valuing Tier 3 assets under IFRS 7 it is unlikely that any increase in value attributable to LS will be accounted for. A post balance sheet date event may be referred to though.

I am looking forward to seeing how Ascendant perform today - MAFL have a 3% shareholding but more importantly I expected that they will be doing some fund-raising off these and Q1 2021's drilling results.

Worth a read - Ascendant are the partners at LS

https://ascendantresources.com/English/Investors/press-releases/press-release-details/2021/Ascendant-Resources-Intersects-High-Grade-Sulfides-and-Strong-Stockwork-Mineralization-Across-Wide-Intercepts-in-the-South-Zone-at-Its-Lagoa-Salgada-VMS-Project/default.aspx

To quote the Sainsbury’s CEO - "We are in the money"

People will finally start to realise that the LS deposit is a Copper / Zinc and Lead play. It is worth far more simply because production can be changed as mineral prices change; just produce which ever is more valuable at the time.

I would be interested in thought about MAFL's RNS

· High-grade Copper intersections include:

- 4.20 m @ 3.59% CuEq;

- 10.50 m @ 3.61%, and

- Copper Bonanza interval of 1.00 m @ 14.21% CuEq.

https://www.lse.co.uk/rns/MAFL/investment-update-hc4j51722v4u5jv.html