Member Info for TheThinker

Nice of MAFL board to submit their homework eventually.

Sir, the dog ate my homework.

Pump and dump baby. Wash, rinse, repeat..Rotten company run by rotten people who would sell their granny for a dollar.

Nuclear reactor in everyone's back garden or behind your local retail park. What a load of nonsense. What next? Nuclear powered flying cars. Some hep cats been sitting in their ivory tower smokin' waccy baccy.

2 Greggs execs inspiring confidence by buying GRG shares today. This has at least £30 in it. Good Luck Everyone.

So Zinc is up another $200. I don't think it would matter to MAFL if Zinc was up $2000. There is no correlation between commodity prices (curently near ATH) and MAFL NAV. Similarly, there is no correlation between MAFL NAV and it's shareprice. I once invested in a company that specialised in simulation software. It won some big US defence contracts (NAV got bigger) and the shareholders were fixated on the idea that at some point as a consequence the share price would grow, a dividend would be paid and the future would be golden. I held for a while but quickly realised that despite the winning of contracts, the share price was dwindling, the spread was huge due to little interest and I eventually sold out at a loss. It is sometimes the case with AIM shares that they promise the earth but are nothing more than a vehicle for a few selected indivuals to make a decent stash. Eventually, these companies have their share price dwindled to the point where the company is bought out (sub value) and the shareholders receive a pittance relative to the real worth. There is no good reason why this shareprice should not be higher given the present commodity prices. This is the worst performer in my portfolio and very tempted to cut my losses before this becomes a penny stock.

"I can see the portfolio being liquidated in 3 to 5 years and the proceeds returned to shareholders". Strong possibility. Why else would this be so stagnant when most commodities are soaring? I can hold and wait. I might actually make some money on this one day.

I see two major headwinds as energy and wheat. The ovens that I've seen in store are electric so the effect might be slightly muted relative to if GRG were using gas ovens. Second, Ukraine is the bread basket of the world. Wheat is exported via huge cargo ships into the Black Sea. The blockade of the Black Sea by Putin's boats have big potential to disrupt supply and increase cost of one of GRG raw material costs. I'm also examining predictions for lean hogs and sugar, another two key ingredients. There are inflationary pressures on wages which could affect operational costs. However, there is also potential for more staycations this summer which means more families purchasing pies, pastries and cakes whilst out during the day. I do see upside potential in the long term. I bought in at 2979p. I may double my holding to average down although I do see reduction in profit short to medium term which will keep share price below it's true value level. Good Luck Everyone.

Final Ex-Dividend Date 14th April. Load up while you can.

Yes Brel. I've been in here since Jan 2020 a similarly never made a penny and only seen JV and the BOD get covered in more cobwebs...

Looks like some more bored MAFL holders got sick of waiting today and sold up so they can put there money into something which will actually yield something.

SIlver and Gold consolidating.
Inflation cannot be denied now.
Trading in Nickel has been suspended until 11 Mar at least because hedge funds were starting to panic that they could not cover their shorts.
Just shows how manipulated the markets are.
Would love to see them panic over silver after years of supressing prices.
Silver will hit $30/oz soon and gold will go past $2100/oz IMHO
Good Luck Everyone.

Thanks Belles. CASP is a small stake for me so I'll just hold and minimise losses before selling and moving on.

Yes JMT. USG will supress Gold and Silver price as Russia is now the world's 5th largest holder USA being the biggest. To upgrade gold price would increase Russia sovereign wealth considerably so it will be kept artificially low. Interestingly UK is 17th largest behind some relatively small countries. With have Gordon to thank for that who sold most of our gold when it was the lowest price. Buy high sell low Gordon. Yay!

Gold up, silver up just about every other mineral up, MAFL static. Can't even make 10p. JV and BOD in snooze mode. Sounds about right...

Yes the brokers do. So do the papers. I got to the point where I would place trades contrary to the brokers/papers and actually did better than if I'd followed their 'advice'. DYOR

Glad I sold at 4073p for a tidy profit. Will continue to watch this. Cost of production to remain high given oil and gas prices.

I need 12p clear of spread to get out. Does anyone think we will ever see this level again?

Last time I bought at 1088p and sold at 1332p for a very tidy profit. Oil price and cost of living rises are weighing heavy here and worries over wider escalation. My feeling is that JET2 will go lower below 1000p maybe wherupon it will be real bargain basement territory as the real trading level is nearer 1300p. Good Luck.

Great post @treacle24. I have given you recommendation. I was watching ASC for a while and finally bought in at 2588p. TBH anything below 3000p seemed like a bargain but I followed the short and thought it had finished. It is now at bargain basement levels. It will suffer in short term from the Russian sactions and shop closures but long term shuold be over 3000p IMO. Good Luck.