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Chart looks amazing.

I wonder if JV has something else up his sleeve which we are not aware of.

I don’t think the recent gold/silver rally has filitered down to MAFL yet.

Just noticed it’s flown to 1.10.

The man at Bloomberg sees gold peaking in 2031 with silver outperforming, so a long way to go.

He says mining stocks will do well in the bull market which is still in its infancy.

He also suggests taking positions in investment stocks with exposure to unlisted gold companies as that’s where the serious money is.

Hint hint!

An updated FS for LS will likely cover the entire current mcap at MAFL. I’ve said the same for GS but that’s the potential here.

Yep it’s a fair call that valuation for GSR and puts into perspective the £9m mcap for the entire MAFL company, including some potentially significant other investments within the portfolio.

Last reported nav was 33.5p and I suspect that’s gone up a bit since.

It depends how investors view this but there could be a good argument to trade at a premium. I know JV himself thought this to be the case in one of his recent interviews.

Yes and why I suggest there’s lots of catching up to do.

On Golden Sun, JV also mentioned expressions of interest which if accepted, would have booked a very nice profit but the eye is on a bigger prize. Some of the management involved, have a habit of selling at serious prices so I’m happy for it to sleep whilst previous metals trend higher and our potential MAFL 20% stake could be transformational.

And the rest of the portfolio will be gaining as we speak.

*gold at ATH

I think there’s a fair bit of catching up to do here.

MAFLs portfolio must be looking good with good at ATH and silver on an bull run.

Moving nicely.

Another fantastic investment from JV.

I’m assuming if MAFL are out of Luca, then surely holders should expect a bumper increase in the next NAV as it certainly was not reflected in the last one. And Golden Sun could blow this into orbit. Gold/silver price holding and trending higher.

Results are fantastic but the question is do we hold any.

I always considered Luca to be a major producer going forward but not sure what JV thought.

Well, I think MAFL is sitting very pretty with its LS investment and it should pay off well as things move forward.

I believe it’s more to do with the lithium miners.

Very encouraging to see the chap in the UAE continuing to add at these levels to his already large holding.

He must realise that GS alone may be worth than the entire market cap here.

Shuka needs a 100% plus day just to get to some sort of equilibrium.

It’s so obvious that Shuka can’t stay at such lowly levels for long.

$4 billion resources and a cap of a few million here.

As I said this is only b for beginning and a long way up to go.

Late trades from yesterday, reported today.

112k

300k

I’m fairly certain the 300k was a buy.

Silver seems to be shining too now.

Either way, I think GS will be a company maker for MAFL.

Yes I tend to agree.

Today was hopefully b for beginning, so a long journey ahead. Buy & Hold is the name of the game.