Member Info for zanmantate

Afternoon 6z, yes something i've been looking for is some clarity on the various ETF/metal positions we hold. Emailing JV i'm hopeful they'll be bringing out a presentation illustrating the various interests MAFL have in various commodities.

Could you point me towards how much we hold of Imperial Metals and Artmeis resources? Unfortunately Ascendent Resources hasn't had such a fruitful run with regards to the SP but its bounced back a bit recently. Also see Zincs taken a hit recently but hopefully 2019 will be a nice bull run for commodities - we're perfectly positioned.

Seconded Urraca. Always value your posts shakey

Somethings up for sure. Never seen this strength of buying in SDX and been here for a while. Any slight weakness is hammered with round 15k, 20k and 25k buys. Holding on tight into close :)

TSX is up 11.27%!! $0.79 or 46p.

TSX up another 6% at open, current $0.75. 44p equivalent. Somebody knows something?

Will we get a final push into close? Looks strong to re-establish that strong historical support at 43 soon. Next stop after that 50s.

And from the final results to June 30th 2018 RNS

“Gold ETF - A physical gold position is a core holding in our portfolio. We believe gold to be undervalued at current prices and are considering adding to our position during the price weakness of this summer.”

Let’s hope they did continue adding during the price weakness as that’d be well in the money now.

And 40p just paid. Expect to see us looking to break that historic 43p resistance.

Brent up another 1.5%+

Think it’ll be a Feb NAV update like last year from emails exchanged with JV but agreed on momentum. Could be a fun ride next month of two.

Over 200,000 consecutive sells since opening yesterday totalling over £70k. The first buy this morning is at full ask. Someone scooping up at this level?

Brent back above $55, 3.5% up atm.

FWIW added more this week. Good interviews recently which highlight the further upside in both Egypt and Morocco. Technically welll oversold and expect to see some investors return assuming oil doesn’t plummet. Delays aren’t the best, but that’s all they are. They’ve given the opportunity to buy in mid thirties which I’m very pleased to take up. ATB

5% up in Canada. Would be nice to see a good bounce here in the new year, desperately oversold. Have a good NYE all

I personally value Shakey's input, I think he/she is right about large investors liquidating their holdings (not just SDX btw) in advance of the potential bear market. No doubt missing the 8000 BOEPD EoY target has also contributed.

Regarding the original post, don't think those oil prices are too likely, so wouldn't see that as a factor. Especially given SDX's position with min 5 year fix price deals, and a portfolio increasingly towards gas. Also don't see US inflation as much of a risk, however devaluing of the dollar for other reasons is a fair point.

This is exactly the time you want to be investing in high cash, profitable companies operating in a safe jurisdiction with a CEO who has confirmed there won't be any cap raises for future work (excluding any acquisitions possibly). Keep it in low 40s for a while and i'll be moving a large chunk of my portfolio here.

Shakey - Banks create money out of thin air at the snap of a finger, this provides the loan service to consumers which banks charge interest for. Almost all new money is created through this process. How'd I do? Interested in what answer you're looking for?

Morning 6z, what type of news are you expecting in Jan? Ascendant drill results for sure, anything else? Agreed on the closed period comment.

Price movements here are hilarious - shows how little the price moves are correlated with actual fundamental value changes imo. We’ve risen circa 20%+ in the last few days, meanwhile: MOD have fallen roughly 10%, price of copper has fell into low 1.7s, THR has fallen into mid 1s and from my calculations based on the half year results our cash is roughly £2m lighter than I expected (although this may be explained by the Chilean gold comment).

Don’t get me wrong, i think we’re well undervalued and should never have been down in. However its more obvious than ever this was artificially pushed down to this level and we’re just passengers here. This’ll go wherever they take it, whoever they are. Just imo

More huge delayed buys from yesterday close of play. Someones sweeping up all those small sells and accumulating imo.

Well I’d be very happy to see it fall back to 5s. Topped up today but after exchanging a few emails with JV will be looking to put some more in before Jan. Look at the fundamental value and it really is a stunning opportunity

Top up for me to bring my average down. Got to love RNS push notification. Two holdings increased last week, Director and Swiss II. That’s good enough for me, can’t see them being sold for a quick 10%

I hope every MTR holder is crossing their fingers and toes for a positive Trump Xi meeting right now. Time for the famous deal maker to pull a deal out of the bag.

Just as I was topping up next week. Damn Swiss. Good rise though, let’s see double figures first

Yep thanks folks, had lost the figures on the SD pipeline and that had slipped my mind at time of posting. Understand CapEx isn’t just drilling, but it made up a fair chunk of it last period hence why using it in an example. Fully expect all cash to be funnelled back in as others mentioned ahead of another drill program in Morocco next year and other ongoing programs. Looking forward to Q3 results to get a firm view of where we are. Cheers