Member Info for zanmantate

Great spot. I’ve kept a close eye on the historic investor presentations and I’ve not seen that graph before.

I think you’re exactly right. No other investment would cause such a swing from unlisted to listed asset composition. For me this is JV coming out and saying they expect some sort of monetisation event for the LS asset in the next 18 months which is very exciting for shareholders.

The only other option, as you say, is a listing and vast appreciation in our currently unlisted gold assets. However I see this is less likely due to the valuation difference. May drop JV an email..

Happy New Years all the MAFL-ers out there. Nice to see some good movement closing out 2020. Been a long slog but I’d bet my last buck this’ll come good and get to a decent MCAP in time, still sub £5m here.

Yep decent interview, a lot of it nothing particularly new. Main point of interest for me was the half a million Cap energy writedown. Significant write down for a £3m mcap company.

Progress at LS is slow and you can see that JV ideally wanted a partner with a bit more financial firepower than the current form of ASND. Having to rely on placings at ASND to fund progress is a challange, however hopefully some decent drill results in Jan can add a bit more to their SP for them to raise a good whack for some more drilling (and to fund our $1m payment!).

Yes I’ve been a shareholder of MAFL for 3 years plus, it’s definitely a long term play. I’m hoping next year brings some excitement as we’ll have results from our exploration program but also a big step up in payments from ASND. Think we’re due $1m US from ASND next June for example. For a £3m mcap company that’s big money. So hopefully not too long to wait!

With what’s looking like the start of a long overdue commodities bull run, MAFL are fantastically positioned.

Completely agree nomlungu. Copper is a hot commodity at the moment, some good grades should bring some interest! They seem confident! By any rate we’re cheap, I bought some more today after seeing that presentation. Will worth any investors time.

When you say potential 16% free carry. That’ll go up to 20% when the paperwork has been worked through for the rights from the gov, at least that’s the gist of it from my memory.

Very interesting presentation from Ascendant from last month - click the webcast button and enter details to watch. Goes into details about Lagoa Salgada and current drilling program. Assay in copper south section due early January.

https://www.ascendantresources.com/English/Investors/events/event-details/2020/HC-Wainwright--Co-Virtual-Mining-Conference/default.aspx

I’ve exchanged some messages with JV and reckon we’ll see a NAV update early January. I’m not expecting anything earlier than that. Planning to go through it properly but I do think we’ll be closer to 20p NAV than 15p (not that it makes a difference to the SP!). Lots of ascendant payments received in Q3.

I think the lack of liquidity puts people off. It’s very often NT to sell even small amounts. MM’s aren’t interested and you can’t blame them, the spread is big but there’s no volume to incentivise them.

Well I can’t make sense of the ASND SP movements, 25% up on no news. Either way seemed to have attracted a few buyers here.

Anyone know the boards salaries off the top of their heads? If not I’ll have to hunt through the reports.

Its not just you nwgb I have wrestled with the thought of selling many times before, but while I have frustrations I see this as having huge potential over the next couple years. Commodities and miners have been in a bearish long term trend for a good few years, that looks to have finally switched now with Zinc, Lead, Gold, Silver, Iron, Copper and many more all smashing 52 week highs. Just look at our portfolio, 100%+ increases across the board. Expect interest in the space to pick up into 2021.

A 1p yearly divi for example would certainly help alleviate shareholder woes and make this an easier hold, particularly from an opp costs POV but sadly no cigar. Nonetheless I'll be adding if keeps dropping and the MM's sort the spread out. ATB All

Yes next update to Sept 2020 will be even better regarding NAV.

The bounce back in markets and commodities has been impressive since June but the biggest piece will be the ASND repayments.

Remember ASND were paying us $100k in June, July, August, September, October and November. So you can already add $500k of cash received from ASND since these results. $300k of that will be recognised in the period to September.

Delayed 70k trade at 9.35p. Someone’s keen for them. Interesting to see if it continues tomorrow

I’ve added today, very difficult to buy volume.

Looked to me like there was a recent substantial seller which has now cleared. Was hoping a little drop into 6s to buy some but didn’t get there. Looking much better, just need a little bit of volume. Very few shares around.

Agreed. Email him, share your views, question the current level of progress and communication. Thats what I've been doing the past couple years, not that he listens to me. I constantly bang on about shareholder value, maybe one day it'll get through.

He did say they are currently working on year end audit so that should be out soon. But yes payments still coming from ASND, commodities are flying could be worse.. Just need that to actually reflect in the SP.

Taken some more,M this afternoon, but can’t claim all the 50/100k’s.

Yep someones keen for shares today, only available in a couple hundred pound clips. Can't be many left sub 10p now

Current oil prices are 50% up from the average oil price in Q2. Q3 will surely be a good sight better assuming there’s not another crash in oil prices.

Thanks PJ23. The only reason I said that is because in an email exchange with JV regarding share buybacks and dividends that is what he quoted me regarding buybacks. However looking back that email was from last year. So that resolution must have been added for the most recent AGM this year! Very interesting...

Yep i've done a dummy buy now and then and I get NT every time even for £100 worth. Agreed nom, a buyback would be advantageous imo and I have suggested that to JV in the past.

Only thing to note is obviously MAFL currently have no right to buy back shares, that would need to go to an AGM and get shareholder approval. Something i'd certainly support

Theres not even much volume to drive the movement, very strange but I'm not complaining. Wonder if there's a leak for big news to land on Monday?

I do think its strange that directors aren't taking advantage of the low SP. Maybe because they are in a closed period?