Member Info for zanmantate

Alright proper answer now i've taken a proper look, looks like my memory was slightly out but not too far.

So Halifax classes MAFL as a PRIIP (predominantly Investment Trusts). You can find the definition of a PRIIP here: https://www.fca.org.uk/firms/priips-disclosure-key-information-documents

From reading this, MAFL does seem to be correctly listed as a PRIIP as it is an investment vehicle/company. I assume all other share platforms allow trading of PRIIP's apart from Halifax. So not something MAFL can do anything about, and nothing suspect there.

From your posts I understand you actively traded MAFL so can't have effected you too much? Thanks, no i've seen you on a few other shares I'm in/interested in and you seem fairly genuine in your posts. ATB

I believe it’s because Halifax have previously considered MAFL a cash shell company. They therefore require a certain document to be submitted in order to allow trading through them. MAFL hasn’t completed this, and isn’t legally required to.

That’s the gist of it anyway off the top of my head. Believe it happened at MTR a while back and after a few emails from PI’s they submitted the form and trading was allowed through Halifax. If you’re interest in buying in the short term probably best to use a different broker.

Anyone done a comparison between the two? From a very brief look at MKA seems like a similar business case regarding the main resource, I note at least they are attributing some value to their version of LS (but it is at a later stage) unlike us who are still sitting below current NAV.

Bigger free float and not aware of directors history or companies recent history. Also not sure they have the same commodity exposures as us. Very happy with MAFL here but interesting to see how MKA does.

Zinc flying today breaking past 6 month highs

Intraday RNS from Canada on the resource upgrade this afternoon? If not Monday morning seems set.

Fair enough wizard. I had taken the drop in Ascendent into account but fair enough about the loans and how MAFL willl value things. Happy to leave it there until it’s announced as I completely agree it’s just a small part of a very exciting story here.

Not sure how you’ve worked out your NAV but just on figures in the RNS’s you should easily be able to get a 13p NAV up to end of Dec based on cash and liquid assets (I.e only valuing the 25% of LS we’ve sold to ascendant). Giving a value of £4.5m. Will post my sums when I get a sec tonight.

You’re not missing the $2.45m we sold the initial 25% of LS a for are you?

And before you know it eaten up with a 100k buy.

Agreed seems to be buyers to mop up any stock. Thing is because it’s such a free float the amount of ammo for non TRN1 holders is limited. Intra day RNS later? That’d really get things moving :)

Yep agreed.

In terms of NAV, my personal calculations come to circa 13p (give or take 1p) taking into account movements in metals and holdings up to the end of Dec, and cash transfers as per the LS agreement with Ascendent. But includes no further value to LS that the cash we have received up until the end of Dec. I hadn't even considered the NAV would place any additional value on LS, but if it did would send our NAV soaring. Please do your own calls though.

We'll see soon enough, but I'm sticking with circa 13p as my guess. Of course the NAV for Q1 2019 will includ further cash payments, increase in the price of Zinc, Gold, and our 3% in ascendant plus potentially other holdings. So should see a steady climb every quarter in our NAV. This is all without considering our private holdings (CAP etc) which i'm hoping to have a positive update on.

This really is the best share I've seen in a long long time, Big director holding, low free float, solid investor base, growing cash base etc. Could be considering a share buy back or dividend in a years time? I welcome any counterpoints but fundamentally I'm struggling to fault MAFL right now.

Interesting thing about the 50k seller is they only sell into buys, and it’s so instant it must be set up via a broker. Not dumping on the market but doing their best to sell without crashing the price. Certainly makes for a less spiked trip north.

Strange behaviour right before a resource upgrade and NAV update. Perhaps some sort of instant buy sell transaction for tax loss reasons? So individuals share holding stays roughly constant but they ‘realise’ their loss of tax reasons. I think it’s that time of year, all speculation though

Could be an exciting afternoon if the resource update lands across the pond when TSX opens. Maybe an opportunity to get a few in before the RNS comes out over here like last time. If not, Thursday or Friday it is!

https://web.tmxmoney.com/quote.php?qm_symbol=ASND

Ascendent up another 5% at the moment, looks like they’re expecting a pretty good resource upgrade before week end

Ascendent Resources up 10%+ last night, Zinc looking stronger and Gold has broken the $1300 barrier.

Happy to keep averaging up here, with resource upgrade in the next few days. Expected to be a substantial increase on the existing resource. NAV update next month personally expecting it to be 12p-14p. Then assuming full take up by ascendent 10p+ of payments coming of the next few years plus of course 20% free carry of LS mine up to production.

Looking in the short and longer term we could see some outstanding returns here.

Evening all,

Sold my SDX holding today after this mornings RNS. Can’t see anything in the next couple months which will get any real excitement going. Only piece of news will be the 12.5% well and we know what PW has said about that. TSX also tanking, but may be to do with the deisting.

Don’t get me wrong long term it’s looking very solid and will be keeping a close eye on SDX especially approaching the end of H2. But I’m off to chase some rainbows (maybe naively). There’s some cracking companies out there with exciting few months.

Wish all the best to all holders, been here a long time and hope to come back eventually.

Yep very impressive, and glad to hear the resource upgrade is on track for end of next week. Just enough time for a another top up for me, so if we could head down to 8p for then that’d be great ;)

The stunning value of the current MCAP really hits home when the company is spelling it out to you as clearly as they can in an interview. Good stuff

31k shares traded yesterday and Friday. Currently over 300k shares traded today, looks to be roughly even buys and sells. Good consolidation before the next push up with resource upgrade expected in the next week or so.

So much news due over the next few weeks. Could be a very exciting push to all time highs.

Just look at the reaction to the new nomad! Doesn’t take much to move this. Looking good

How’d you know it was spreadbet 6z?

Yep he looks like our man!

10% up and no pull back. Almost no sellers meanwhile buyers keep coming. Will be double digits before the resource update imo. Bring on the next month, MCAP is a joke

Really? Our Nav from the start of 2016 to the end of 2018 has never been outside of the range 6p - 7.5p. Now take a look at the two year chart and see how much time we were north of 7.5p (its a lot of it). I don't understand how you can say the Nav has always been higher than the SP??

We were sitting pretty and consolidated in the 12p - 15p area prior to a large shareholder having to liquidate their entire position in MAFL, bringing us down to current levels. This was also before we monetised the main asset outside of our NAV - LS.

So we're now in the position where we've got a strong PI shareholder base (that's a guess, but it certainly seems that way), our NAV has likely sky rocketed to 12p+, and all our development work for our key asset is being taken up by ascendent. Yet we're sitting in 8's, not 18's. My only question is, we're gonna have cash coming our of our ears (relative to the size of the company), what are we going to do with it? Thats where things could get really exciting

Genuine good luck with your buy in target, hope it comes because i'll be joining you for more! ATB