Member Info for Sher-Lock

Interesting to see how a fund is buying up the name in April an then sells off his positon - buy high & sell low!

Probably worthwile to step in here & wait. Good company in a niche position & if trading too cheap for too long a M&A transaction could lure.

Ascendant is working on a new PEA, therefore, they have the drill results from the last exploration work - otherwise no calculation would be possible.

https://ascendantresources.com/English/Investors/press-releases/press-release-details/2021/Ascendant-Resources-Begins-Preliminary-Economic-Assessment-Combining-the-North-and-South-Zones-at-Its-Lagoa-Salgada-VMS-Project-in-Portugal/default.aspx

https://ascendantresources.com/English/Investors/press-releases/press-release-details/2021/Ascendant-Resources-Begins-Preliminary-Economic-Assessment-Combining-the-North-and-South-Zones-at-Its-Lagoa-Salgada-VMS-Project-in-Portugal/default.aspx

Value at March 31, Barrick traded at 19.80 USD, Cerrado at 1.05 CAD, Ascendant at 0.18 CAD, Gold ETF 55.13 USD
Yesterday, they traded ar 23.41 USD, 1.55 CAD, 0.2850 CAD and 61.22 USD today
Certainly some uplift & the payment of ASND should be booked at the end of June (from discounted value to cash/bank account)

Probably always a question of the proof - NOMAD. Accounts are valid when you post them in the RNS. You can't say later, oh, sorry we forgot something. Therefore, an average RNS is not expensive. MAFL could copy paste the press release of ASND which you can find at www.sedar.com - the Canadian equivalent of the RNS in the UK.

You pay per RNS, including the NOMAD - I think 90/100£ per RNS

With the recent management changes, it will probably take a bit longer to release the news. ASND raised the money to pay MAFL and to finance the drill campaign going forward. Generally, nothing to worry at the moment with a solid trend in the gold market, i.e. other investments. Inflation will be a theme for the remaining 2021, even central bankers talk it down.

Q1 Operational Highlights
• Gold production reported at 7,485 ounces for Q1 2021, a 45% improvement over Q4/20 production of 5,168 ounces.
• Monthly gold production has continuously increased since Cerrado acquired Minera Don Nicolas, highlighted with 3,105 ounces produced in March 2021, an 18% improvement from management expectations.
• Total cash costs of $1,363/Au oz sold, a decrease of 18% from the previous quarter
• Mine AISC of $1,747/Au oz sold, a 9% reduction from Q4/20
• Net loss of $5.67 million and basic and diluted loss per share of $0.10

The trade count on the shares is often three times! Today the sale of 51.500 & 59.500 at 10.60p = 111.000 which were shown twice at 10.86p = 288.60 £ gain for the market maker & sold at 11.4p another gain of 540 £ for the Mms.
They get most of the trade!

The f* market makers' game - taking out seller low - 59918 shares at 8.8747 and selling them later 52679 at 9.5 for a profit of 370£. Market makers do not have anything on their own books, and the company doesn't take care to solve these issues. It looks like there was an order supporting the 10 bid for days, but why to stick there if you can buy at a lower price. One thing often discussed here, the increase of NAV and the share price performance. The company always mentions the first, about the second investors wonder - why the discount to NAV? Share buyback in place - never used for a single share. New member on the board - any first filings of his commitment in MAFL?

Unfortunately, the wrong day to release with weak metal prices. Timing is everything - GLA

20 pence in two months, why not!

let's keep finger crossed and that market makers adapt to it. The current spread is huge and this keeps away more interest. Half a penny spread should be enough - 1.2 Pence is too much.

over the last two days, around 100K shares sold in the mid-bid/offer spread - market maker covering his short sold higher? Or collecting shares to make a delayed buy print of 100K at 10p later today? As long these market makers plac this game, the shares will not take off

Changes in the reporting of TR1's will take place and complicate things - therfore probably better to be under than above the three per cent threshold

Money man or a man with many jobs in his CV? Let's hope a productive selection and not like all the former ones.

Probably it is a game of the market makers to make holders nervous. How can it be with a bid/offer at 9.5 to 10.5 that those small sales of 20, 30,17 and 520 bring down the bid to 9? They did see the seller coming in with the 63861 shares giving him a bit better price than 9, as they just have to quote for 10K on each side. Later in the day, they sell of the cheap shares they have in the book to buyers 2 x 10K at 10.25 & 10.00

Trade of a buy 100.000 at 11 - 12:31 bid offer still at 9.5 - 10.5

Wrong Link sniffer78

https://www.londonstockexchange.com/news-article/MAFL/investment-update/14842664

Every 10 cent move in Ascendant equals to roughly 0.37 Pence in the uplift valuation of MAFL's NAV. As the share cratered last year, there is a steady recovery. At fiscal year-end of MAFL's accounts (30th June), the shares closed at 12.50 Canadian cents, 30.09. at 9 cents, 31.12. 17 cents and today 25! They need a higher share price to raise more money for the exploration work in Portugal and pay MAFL the next down-payment at the end of June. As higher they get the shares, as less dilutive a capital raise will be.