Member Info for Shaz247

Agreed there.
JV is one of the most conservative chaps on AIM.
He certainly has a story where he could shout from the rooftops but chooses not to and instead just gets on with the business.
I think with MAFL now we have also entered into a new phase and one which will be very rewarding for investors.

“Copper feeders can generate high grade ore zones in VMS systems and can also include high gold values.”

.

Yes excellent.
And another non-brokered private raise.

Possibly due to the fact someone bought 125k shares over four trades.

I believe financing will prove a breeze.
JV said they have had approaches to finance the entire project and this was before the reporting of world class grades on Monday.
The situation now should be easier.
Average 7% grades are considered very viable and here we have up to 22%.
Let the market ignore all it likes but not for long.

Bank
I’ve been here many years, so when i say ‘not long’ I mean in this context.

Worth also noting that ASND have raised funds for LS each time through a private non-brokered placing on pretty good terms.
Therefore pretty obvious they have someone with deep pockets funding this project in the background.
The static share at ASND since announcement of the world class grades suggests there maybe another raise at play and which of course is good news for MAFL.

Those large trades were from the 3rd of May.
Anyhow, looks like the day traders have thankfully disappeared as things return to normality, hopefully a new normal
How long can the market ignore those world class grades reported only two days ago? Not long I think!

Well done you but I won’t be budging from here until she comes to fruition.
Certainly not after these results!

And MAFL have not commented on this release from last week which I thought was an exceptional achievement.
First mining project ever to be designated this status!

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2022/Ascendant-Resources-Lagoa-Salgada-Project-Attributed-Project-of-National-Interest-Status-by-Portuguese-Government/default.aspx

Good grief.
We’ve had 6 months trades in an hour! Maybe this was the trigger.

EarlofAim makes it easier to understand the story here;

“NAV still at 19p. Plus 15p worth of cash due this year.. “

And what now increasingly looks like a monster mine in the making that I think could be worth well over a pound/per share in the future.

Truly looking like a world class resource.
MAFL holders are just bewildered with the lack of interest but could all change in a flash.
What will be the trigger?

Surely this has now provided a massive credibility boost for LS and should attract finance much easier to build the mine as we progress forward.

First mining project ever to receive such recognition in Portugal.
In my mind, this speaks volumes about the prospects of the project!

Maybe not for the faithful but the rest of the market is in a coma at the moment when it comes to MAFL.
This is about the only share that does not even react to a positive TR1. I remember an investor took circa 10% and she didn’t even blink.
Oh well, we will most certainly have the last laugh one day.

Mr AC upping his MAFL stake..

Yes all the sells picked up plus some.
Whoever is selling is either completely mad or in dire financial need.
This has to be now an absolute screaming no-brainer buy and hold but will the market take notice?
ASND up 15% overnight and Zinc around record highs. Will a third party see the potential and make an outright bid for LS?
All to play for and this is only part of the portfolio.

Someone is desperate to get out of here at any price.

Again, the seller wakes up and offloads a chunk as soon as the market opens and at less than half of the NAV.
Unbelievable really.