Member Info for zanmantate

Their policy is based on annual fcf, not cash balance.

I would happily take another 9p final dividend myself. Pay a good divi, and show the market an increasing cash balance should do wonders here.

Any views or guesses on divi amount?

Given commodity prices and increasing net cash, 9p seems very reasonable?

Agree with shaz, it’s a buy. The buy price has been sub 24p whenever I’ve checked today. The one 23.9p trade might be a sell plus the 23.5’s trades. The rest are buys. Another day where buys outweigh sells.

Big buys continue to roll in, we’ve clearly had some large sustained buyers for a couple months. Looking great here for a push through 20s

Closed Friday at $1,35

Thanks for filling in for me Nom!

Although Luca is now at $1.19!!

From memory MAFL have to exercise their warrants if the share price stays about $0.9 for a set period.

Funds could be used from any number of investments to fund this, I do wonder whether JV is, or will consider, selling down MAFLs Luca holdings at these levels given its huge weight in our NAV. Gold and copper multi jurisdiction producer is an enticing hold though!

The key point worth reiterating imo is despite the 30% increase in SP this week, MAFL is no more expensive that they were last week. MAFLs Luca Mining position has increased in value to match this increase.

The key reasons MAFL were fundamentally undervalued; discount to NAV, realisation of the Lagoa Salgada put option, Golden Sun private stake etc all still stand.

Exciting times.

Another significant rise in Luca today. I make that about £4.1m now, add in our gold bullion and cash and I get a total of £6.5m+

(I.e. more than our current MCAP!)

New 52w highs for Luca mining at 0.97. Have to run the calcs again!!

Lol. Sids sudden appearance is just another bull flag here imo. So transparent.

Another JV interview out btw. Great listen with some good hints for the future.

Gold hitting an ATH, comfortably over a $1000 per ounce gain on our bullion. Very impressive investment.

I’m sure our equity in Luca and Golden Sun will benefit hugely too.

If you listen to JVs more recent interviews you'll hear him talk about how this year will see the monetisation of many of MAFLs strategic investments. Funds will be allocated, JV goes on, into more traditional liquid investments with the ambition being the market better recognises their value in our market valuation. By the end of the year I expect we could see 30p worth of liquid, listed assets.

Regarding JV, if you speak to him, you will see his passion and energy for what he does. He wants to see MAFL grow to have a NAV and market cap multiples of the current one to improve MAFLs financial reach and investment opportunities. MAFL has been his baby for many years, carefully nurtured and grown. Its ridiculous to suggest he may just suddenly drop out, hand it over to someone else who then goes onto destroy value.

I agree with others, you're a troll looking for entry. Cant blame you, but you wont shake many out from here. Lots of big LTHs awaiting a proper valuation.

Https://x.com/zanmantate/status/1883498017153782034?s=46&t=jxVatkbTJUSw-AC_NTYHsw

I bought loads around 10p-11p and even I’m thinking of buying more here.

Has anyone done an analysis of Luca to see how under/over valued it is at circa $0.8? I’d be interested to see their FCF/EV ratio for example. If not I’ll take a look this weekend.

NT for 1000 shares at 16p. Could see a big move here. NAV well into 30s now imo

Luca going above $0.8 before retracing to $0.75. Soon our Luca mining holding and gold bullion will be worth our entire mcap.

Cerrado gold providing a loan to Ascendant to fund their further work and DFS optimisation at Lagoa Salgada this year.

All very interesting, lots of overlap on the BoDs.

So expecting MAFL’s LS put option to come into play this time next year?

Sounds like optimised DFS and environmental approval is expected Q4 2025

Agree. There’s been a seller the last couple weeks/months which looks to have now been churned through. We should see a run up through the teens to 20p with a bit of interest and volume imo.

The gamble here is timing. At some point this will 3x from this level, the question is when. One year, two, three?

Hard to know, but at 25% CAGR that upside also gets bigger every year.

I agree a divi (based on annual performance) would be a nice interim measure until then.