Member Info for zanmantate

Smart money flowing in, with 13s holding well and the last assay imminent I feel a new trading range coming :)

Agreed, id love to see us enter a new trading range of 15p - 20p as we finish the drilling campaign but we'll see. Most will be here until resource sale anyway so any movements below 40p isn't important! :)

Very nice surprise this morning to have a re-assayed update. Think this may have caught a few people out who sold on the spike and were waiting for 10s. Just think of that final valuation..

Ditto, give me low 12s and i'll have a good whip around for a few extra shares. Personally i'm not a day trader so have never been about the 10%'s. I look for stocks where there a clear disconnect between market value and SP. We have that in bucket loads with Lagoa Salgada, and that will be fully realised in due course. ATB

I agree, we've had good assay results before where we finished the day negative. I feel like this is very different as we near ever closer to the end of the campaign and as you say, we have some decent market interest. Can see more people jumping on at these levels. Would love to break and hold 20p in the coming weeks and enter into a new trading range in anticipation of December total asset results.

I've seen some good RNS's in my time but that just about takes it. Incredible results and possibly explains the crazy two days leading up to the weekend. We should fly on this

Just arrived into lake como to this lovely surprise. Two 10%+ days in a row. Anybody care to offer a theory as to the sudden increase? For me it's words getting out of the incredible asset we have and imminently to be confirmed. Very deserved and a lot more fuel in the tank. ATB

Feels leaky to me, 17% up on no real huge news with assays imminent? Make of it what you will. Let's see where the rest of the day takes us.

Phor!! Not many tickets for the party left by the looks of it. Very nice to see, assays could be any day now

Apologies you're right, fat fingers on my phone.. Agreed, an update on Cap Energy would be more than welcome!

Cheers 6z, helpful link. Also found this definition which explains it pretty well: "A step-out well is a type of exploratory well drilled outside of the known reservoir to search for an extension of the reservoir or even a new nearby reservoir. These wells have a high degree of risk and are also known as a wildcat in the oil and gas industry.[1] They are used to find another productive zone within an already producing field, or to extend the parameters of the known field." - https://openei.org/wiki/Step-out_Well I'm sure we'll find out soon enough what type of drills the last 3 are, and more importantly the results. Once the resource size and been officially confirmed (i.e. hopefully 8mt+) I think that will push us into a new trading channel well north of here. The confirmation of sale will do the same but exponentially more imo.

Hi all, would appreciate any insight anyone can give me. I noticed the last update for the fourth drill was described as a 'step out hole'. Hence I assume this is to gauge if the resource extends out further than expected rather than further measuring the known quantified resource like the previous three drills (please do correct me if I'm talking rubbish). Do we know if the final three drills are also 'step out holes'?

I can understand why he sold if it was a few months ago (timescales etc), as there has been so many bargain opportunities. However as he's knowledgeable of MAFL, with drilling now complete and the final assay result in sight I can't understand why he or anyone else wouldn't be jumping in - especially at 11p! Definitely considering a top up myself. GLA

"The 5th and 6th holes have been completed and the core has been sent to ALS in Seville, Spain for assaying. We expect the results to be returned to TH Crestgate within the next 3 to 4 weeks"

Great update today, and very happy that all drills have been completed smoothly, without fault. Kudos to u696 who suggested last week that the last three results could be released at the same time. Good shout. Any speculation on time scales for hearing the assay results for the last 3 drills? Early October maybe?

Well said 6zeros. Sitting tight and very happy with the way the company is progressing. ATB all

Fair enough, I disagreed with your last prediction so maybe its not too surprising our expectations don't quite align again. I think its easy to rely too heavily on technicals without considering the very positive fundamental position MAFL is in. Equating that to a 50/50 punt is quite stunning given the value of the assets MAFL holds. Anyway, you've done well to get a free carry, just like i've done with your last prediction I'll come back in a month or twos time and see how you line up. ATB

I know he's gotten a lot of heat but I'd be genuinely interested to hear wizards view at this point. SP held well at the 11-12p support level, with a further assay result expected within the next week or so. Charts looking promising, and fundamentally looking extremely exciting. I believe Wizards last prediction was a fall down to 9p then 5.5p (lol)? Be interested to hear your updated views, or anyone else for that matter? (Btw I hold comfortably at 12p and will look to divert some profits in here if were still at this level come month end). ATB everyone

Neil Roberts has just tweeted another BBC news coverage video about Hurricane Irma (1:54 long) titled "Ian test". All very mysterious and it'll probably be deleted soon. Funny that our new CEO has some experience over there at the BBC..

Okay I follow you now, but how do you know this?