Member Info for zanmantate

Almost at break even again. Would be nice to be sitting in 20s for when the Ghana contract lands

I’m starting to think my WSG shares might actually turn out to be a good investment. Scary times, someone knock some sense into me

Gold smashing resistance levels yesterday’s hitting 5 year highs. $1500 gold on?

And didn’t we just buy into an upcoming exciting gold producer. Plus all our other gold exposure through financial derivatives, private and public companies etc. Looking strong

The man really does know his stuff doesn’t he.

Recent gold investment sounds potentially very lucrative and a drilling update sometime next month. I also liked that he mentioned the 40% discount to NAV with hardly any tax to pay on gains as MAFL are based in the Cayman Islands. Very cheap. Interesting day or trading today too

Yep ASND being a producer are feeling the pain of low commodity prices, hopefully we'll see a trade deal and see some uplift across the board in metals.

The interesting thing I noted from past interviews with JV is he made clear that on their tactical portfolio they were never locked into always being long or short on a commodity. So just because commodity prices are falling, doesn't necessarily mean MAFL are making a loss on the price movement. Next NAV update etc will be interesting. Particularly liking the gold exposure.

lso Ascendant drilling updates can't be too far off

Yes I've seen the updated significant shareholders list. Whats with the discussion around II holdings 4.5%? People think they are shorting?

Well someone, or a few, are selling large volumes as this has been dropping every day. It attracted a few twitter traders around 24p but even the interest there couldn't get a bounce. Feels like offloading to me. Nothing stopping MEA and Ingalls from upping their stakes past 20% now right?

Evening all. Not been in SDX for a few months but i'd be tempted back at these prices when it finds a floor, even if SD is 6 months off. Key short term concern for me is why key large shareholders don't seem to loading up at these prices but off loading. Fairly strong downward pressure recently, even despite some director buys

Not to mention all the times PW said how much demand there is for Gas in Morocco. And how the demand isn’t the issue but getting a consistent supply of gas volume is. Where’s that demand gone? That issue needs to be dug into and explained more than the recent RNS statement as it’s certainly a concern.

Sorry to see for all holders. Great news imo that PW has left, i too expect and hope that he was forced out as the delays at SD and how he kept shareholders informed has been shocking. I sold out as soon as the first half of 2019 was looking shakey but I’ll certainly keep a keen eye here as this could be one incredible bargain come Q3 leading up to SD coming online.

Morocco is slightly worrying and surprising but hopefully a solid CEO comes in and straightens it out. The potential there is still huge. Best of luck all

Hi sher-lock. I posted something very similar to you a few months back - see below. Just highlights how chronically undervalued we are imo. Literally just a case of waiting and watching it play out how we think it’s going to play out.

“Something I’ve been thinking about; Ascendant have agreed to pay MAFL a big heap of cash (assuming take up of 80%), spend an even bigger heap of cash on developing the asset, fund further drilling, a DFS and then after that all the costs to production. All these terms and requirements are dictated by a company with an MCAP of less than £3m all of which is backed up by cash and liquid assets (including 3% of ASND’s share capital). So theoretically if someone was to buy MAFL at this price a large part of Redcorp/LS comes free. Pretty appealing I would have thought to a range of parties, especially Ascendant themselves.

Ascendant could put in say a £10m bid for MAFL get 100% of Redcorp/LS and be done with it. Obviously that’s on the wilder end of the spectrum, but potentially more reasonably maybe building up a stake in MAFL? Thoughts anyone? Feel free to shoot me down“

Fair enough - agreed. Are you referring to the June ASND payment 6z or something else?

Interesting thing for me is they’ve now stopped differentiating between working capital and the current value of LS. Clearly they’re happy with the confidence they can monetise the asset as they’re classing that for the first time as working capital.

6z, you’re sure the working capital figure doesn’t include cash?

Hidden good news? Look at the oil production results, a sub 8% decline curve for our new wells is fantastic. Hemp update expected in the near future and we all know how lucrative that can be if targets are met.

No hidden good news imo, just the market getting to grips with our value. But who knows, more wells in ED?

It’s amazing how you can type a paragraph and actually say almost nothing of any value or meaning. Bb’s should be used for discussing facts and evidence.

As MM has pointed out this week we’re currently trading below enterprise value, and that’s assuming a sandfire value takeover. Also thats ignoring various other sources of value and any exploration upside as some have clearly highlighted here. There is value to be had for those researched.

Of course there’s risk and speculation, you’re in AIM not treasury bonds. This has been pumped and dumped - clearly. But unlike 90% of the trash in aim this has some underlying value and upside. Copper price is the key part for me and I’m happy to hear criticism based on weakness in copper for example. But your post there is mindless drivel that adds no value to the board. It’s no wonder I dont come on LSE much, the level of discussion is dirt poor. I think that’s been emphasised this week from reading through posts. Jeez folks

And an MCAP of £175m assuming no dilution. Careful, wiz will be on you calling you a ramper soon :)

Anyone care to fill the void and speculate on what news we’ll hear next? I don’t expect ASND drilling updates for a while yet. 6z I vaguely remember a comment from you while ago about something nobody’s thought about happening in the next 6 months? On my phone so won’t trawl through your posts.

And current NAV likely even above that with decent portfolio performance and the first payment from Ascendant. Saying that, not much going on here regarding trades is there!

Zinc LME Warehouse down to 50.88kt!

Get a sandfire - esk buy out of MOD for $0.8/share or anywhere around there and that trading arm becomes a drop in the ocean.

The trading arm investments may increase, or they may fall, but instead of focusing on the couple 100k we have in GGP etc, I’m focusing on MOD. Let’s get those drills finished at T3 and over to A4 and T20

Yeah not looking likely, seems to be decent demand and plenty of sticky holders around this level.

Wouldn’t take more than a couple of ISA’s coming in here to really get this moving into low teens and closer to NAV. Really is exciting times with that exploration program confirmed and zinc flying to 10 month highs

Confirmation of exploration program

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2019/Ascendant-Resources-Announces-2019-Exploration-Program-at-Its-Lagoa-Salgada-Project-in-Portugal/default.aspx