Member Info for zanmantate

Recent Article: https://ideon.ai/post/media_coverage/supernovas-aid-ideon-technologies-in-mining-quest/

The tech sounds incredible, and "working with the top five mining companies in the world"

Fully agree Nom. I’ve been a consistent buyer the last couple months, just grabbing a bunch every couple weeks. The 40k at 10.75p today is my buy.

Remember jacques himself has bought a couple times at 11.5p recently.

Welcome Mekas. Any questions on MAFL someone can normally answer them here. It’s a crackin share imo. All the best

From my calcs:

£1.2m in physical gold

£2.1m in Luca shares/in the money warrants

£0.1m in cash

So £3.3m in those alone. Ignoring pretty much all our strategic and tactical portfolio.

Hi Quadrum. I’ve asked Jacques this specific question in the past and he has confirmed that’s not a possibility. However I think in all likelihood EDM will take their 15%, it’s just dotting the i’s and crossing the t’s imo.

Clearly a sell order being worked. NT to sell any volume and ticks down on buys. Ask drops on each buy.

So EDM now have until Sept 30th to exercise their right to acquire 15% of LS. Once they exercise that (assuming they do), MAFL then has four months to exercise its own put option to sell their stake (if they want to). If they do ascendant will need to raise and pay MAFL US$6m for its 5% stake.

New presentation well worth a look, although similar content to previous versions.

One point that stuck out to me was that our direct Lagoa Salgada interest through Redcorp is under our strategic portfolio, while our Ascendant resources stake is in the tactical portfolio. ASND has recently sunk to new lows at $0.04, however it makes up such a small amount of our NAV its almost not worth considering, maybe circa 1%? - same can probably be said for much of our tactical portfolio. I've previous tracked their holdings and their SP closely but have stopped recently due to its little contribution to overall NAV.

Strategic portfolio is where all the gains and focus should be IMO. Hadn't quite appreciated that until recently.

Agree valuation here is ridiculous, currently NT to sell any volume so maybe an nice buying opp coming up.

And another a bit of good news today, Luca Mining are now 50% up YTD. MAFL have a pretty significant holding in Luca...

That should reflect well in the next NAV update.

Well nobody said it was guaranteed, of course like everything it comes with risk and uncertainty. But given what we know, being a project of national interest, potential for 70% of the capex expected to be covered by a UKEF loan etc you'd be forgiven for taking a glass half full approach but I agree its always worth factoring in.

My view and point, which was missing from the discussion, is whether exercising the put option or not, there is immense value in MAFL's lagoa salgada stake. that doesn't go away if the option is not taken up.

The put option has allowed JV to reassess and benchmark the fair price valuation of MAFL's free carry in the Lagoa Salgada project. If the put option is not exercised, we still have that free carry and I would personally expect that valuation to stay the same. Of course if we inherit the 15% from EDM to gain a full 20% free carry in Lagoa Salgada, I would expect that to be reflected in the future NAV too. I think from memory the latest NAV has a valuation of the put option with a 20% discount?

The idea of the current price being a selling opportunity if the put option isn't exercised is a glaring misunderstanding of whats going on. I would actually suggest the free carry, given the current commodity climate, is worth hanging onto. IMO the best result would be MAFL getting the 20% free carry and the put is cancelled.

But don't let me convince you, Id love another bit sub 10p with precious and Base metals soaring!

I’m not sure I agree re larger sell order. I can sell 100k in one go at 9.6p through HL without issue. For a micro cap that’s alright liquidity imo. Ask has also ticked up with my buy.

Interim results soon could be a turning point for some more liquidity and interest entering.

It could keep going lower as you say, but historically this area has provided strong support. I’ll be buying more if it keeps dropping with a long term view of holding. This could easily bag on the EDM outcome imo.

Yep me too. The 45k is mine.

Yeah a proactive investors article copy and pasting content from the RNS is not the investor engagement I’m talking about…

I agree there are plenty of reasons for an entity to be public, MAFL meets none of those reasons. There's no interest or liquidity in UK markets, just take a look at recent placings on AIM i.e. UOG.

Jacques also runs the company like a private operation, no investor engagement, no PR, no investor roadshows etc. I dont hold it against him, its not his character, but that not does detract from the point. I'd happily invest a good sum in a private vehicle.

Anyhoo, all hypothetical. We should see interim results next week which will be an interesting read as always!

Has anyone kept an eye on MAFLs portfolio of listed companies since the last NAV update? Generally positive or negative? Commodities ticking back up should be helping.

I’ve also been invested in MAFL (in and out) for probably 7 years. I like JV and have had several conversation with him. I’ve asked in the past around his hopes for MAFL and he wants to grow it in size. It’s too small to get any recognition at the moment. Getting NAV to the 30p+, piling it in exposure to base and precious metals and sitting patiently for the inevitable rerate.

I’d like him to take it private eventually. No reason to be public.

To be honest, even if we don’t get the extra 15%, we get the option to sell our 5% stake for more than our current MCAP.

So I’m very much in the camp of it’s a win win.

Ahh thanks, that 50k buy is certainly a bargain!!

EDM deadline coming up in the next week or so. It could get exciting very soon!

Nice tick up on minor volume (75k buys vs a 50k sell). I wonder if that was the last of a seller.

I was hoping for some more at 10p. Oh well.

Yes so the discussions with EDM will only effect MAFLs interest, ascendant is set at 80% with the puts in place to guarantee that irrelevant of the outcome with EDM. So we should see some news on that front in the next 6 weeks or so. Exciting times!