Member Info for zanmantate

Thanks Aiming.

I see a lot of disappointed and negative comments and posts, and for those here for years I can't really blame you. However the one question I'd ask is, have WSG ever been in such a fundamentally strong position? By that I mean revenue (one off and recurring), profit, cash, outlook regarding future projects. Surely at least from my time in WSG they are in the best position they've ever been in? Yet SP is close to all time lows?

I almost dare not ask, any recording of the webinar?

https://twitter.com/paywahun/status/1283491410386325507

I've tirelessly stressed pretty much your message word for word to JV so he's aware. I imagine I'm the equivalent of an irritating fly to him so i'm not sure i've got much sway. I've highlighted the severe lack of liquidity and market interest in MAFL several times. I've resigned to the fact that my shares won't be going anywhere for a while, thankfully i reduced higher up.

Zinc through $2100 for the first time in ages. Gold through $1800. Both very positive for MAFL’s portfolio.

Good update. Yes they need that debt financing otherwise they will seriously struggle.

Consider the following 'worst case'. Ascendant can't keep up payments, pay for drilling, maintain current fixed costs etc and default. Ascendant would default to a 25% stake in redcorp, despite having made additional $1.5m to MAFL in payments and having already invested substantially in drilling in order to move their stake up to 50%. So we would have in effect got all that for free (i.e. without having to sacrifice any additional share of redcorp). JV would then have to find another partner for earn in but I doubt that would be too tricky. As a worst case that sounds pretty good. So all is not lost if ASND collapses, quite the opposite actually. Some may say that would be a positive outcome.

A good point that I has missed, thanks yrabs.

I'm not too clued up on the EPSA however I thought a set amount (1/12 of the 14m i.e 1.1m shares) could be sold each month. So they couldn't sell all 14m in one month of high volume they'd have to split it into 12 tranches, one each month even if there was especially high volume at certain points. May be wrong though that's just how I read it.

Only 1.1m shares to sell but we're down 4% today on 800k volume. Enough to put off any traders or those looking for a top up.

Genuine question, i'm curious people seem surprised at the fall in price towards the end of the month. YA/Riverfort will have another circa 1.1m shares to sell from Monday onwards right? Fall in price in anticipation of that hitting the market makes sense? That'll need to be churned out over the next week.

Yes I was also listening with frustration. The Q&A segments of those sessions I find very good, hopefully he joins in a subsequent week.

WSG is currently sub-nominal, produced a pre and post tax profit in Q1 and you think a placing is expected? Can they even place shares sub nominal? Directors wouldn't be able to buy in the open market if they were planning to place shares anyway (plus they'd be mad to do so)?

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Only thing to add to that is there were two other key parts to the deal. The buyer taking all existing liabilities (circa $25m I believe) and a royalty agreement to continue cash flow. As you say they're now solely focused on Lagoa Salgada, and hopefully securing some debt financing to help fund the drill campaign (no money required from MAFL). Great play and praise should go to JV and team for how this is panning out.

https://www.linkedin.com/posts/paul-tuckwell_today-eiffage-has-successfully-handed-over-activity-6659184664818827272-og3g

Very nicely done dontpanic, I recognise your tag from the early MTR days and happy to see a LTH with some success, we’ve had little here! Hopefully better things to come. ATB

On second reading of my notes I think the 80% will unlock a further US $2.5m and a feasibility study. I think the extra $3.5m I had are the payments will currently receiving now. Still have some big payments of those to receive too.

Nice to see some buys coming through. Surely we should get an RNS from MAFL confirming the news and its impact on MAFL.

Yes well noticed Shaz, just seen that too. Ascendant up 57% overnight. Key point for me:

"Company to focus on the highly prospective Lagoa Salgada VMS project in Portugal Sale to provide cash injection and immediate strengthening of financial position. Upside exposure to El Mochito and zinc prices maintained through royalty".

If there was any doubt whether Ascendant would increase to an 80% stake in the Lagoa Salgada Project I think that puts it to bed. So what does that mean for MAFL? Ascendant moving up to an 80% stake would unlock further tranches worth US $6m of direct payments and completed Feasibility Study on Lagoa Salgada.

MCAP £3m with a NAV of already £6m..

Any major differences from q1 presentation?

Results should come out this week, FCA announcement to delay results for a period has now expired. Hence RRE’s results today. Should be a good read.

Tried to buy more but straight to NT