Market's view on Mineral & Fin
Published on April 2024
- Ascendant has submitted an Environmental Impact Assessment (EIA) with an expected approval by end of June 2024. Lagoa Salgada has been declared a project of national interest.
- Shares of a company have been reported to be low but are expected to rise back to previous levels soon due to great results.
- Many stocks currently lack support, resulting in a significant drop in bid prices.
- Market capitalisation of MAFL is equal to its Net Asset Value from 2018, indicating a substantial discount in share prices despite growth over five years. A lack of public relations efforts and minimal board member investment is noted. Suggestions include keeping the website updated, attending investment events, and considering stock repurchasing to reward shareholders.
- Factors such as a 5% decrease in gold prices and significant losses in invested companies are impacting stock values. However, potential increases in quarterly Net Asset Value due to options with Ascendant have been discussed.
- Concerns raised about the rapid shifts in market sentiment and reasons behind fundraising efforts.
- Significant sales of stocks noted, prices have dropped considerably from previous highs.
- Anglesey Mining’s assessment of Parys Mountain using muon tomography is viewed as an interesting development and an indicator of advancing technology.
- Potential changes in ownership stakes discussed, with government options to acquire shares within a specified timeframe.
- Positive updates on projects and investments contributing to perceived paper profits and advancements in projects like Cerrado’s first gold pour.
- Expectations of increased valuation and profits from investments in companies like Luca are repeatedly mentioned.
- Overall, there’s optimism about upcoming feasibility studies and project developments alongside some strategic financial maneuvers to enhance shareholder value.