Mineral & Financial Investments

MAFL: 14.52 0.00 (0.00%)

Delayed:2017-04-28 05:00:09
Bid Price 14.50 High Price 0.00
Ask Price 15.00 Low Price 0.00
Open Price 0.00 Spread 3.39%
Prev Close 14.75 Volume 0.00

Mineral & Financial Investments Share Price Chart

Intraday

Historic - 1 year


Mineral & Financial Investments Share Price Information

Name Mineral & Financial Investments Epic MAFL
Sector Financial Services ISIN KYG6181G1055
Activites Mineral & Financial Investments Limited (formerly Athol Gold Limited, formerly Hameldon Resources Limited, formerly Upstream Marketing and Communications Inc) is an investment holding company. The Company's Investing Policy is to invest in the natural resources sector, with a particular focus on precious metals such as gold and silver, as well as base metals, oil and gas and uranium. Investments will be made in quoted shares, units in open ended investment companies, exchange traded funds and unquoted investments. The aim of Athol is to be a passive investor and it will not be seeking to gain control of any investee company. It intends to buy shares which it considers to be fundamentally undervalued and offer scope for material returns for shareholders within 5 years. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) -22.08
Market Cap (£m) 5.17 Gross Gearing (%) 5.31
Shares in issue (m) 34.74 Debt Ratio 1.09
P/E Ratio -4.13 Debt-to-Equity Ratio 0.20
Divs per share (p) 0.00 Assets / Equity Ratio 1.06
Dividend Yield (%) 0.00 Price to book value 5.68
Dividend Cover 0.00 SROCE (%) -54.35
Earning per share (p) -3.60 EPS Growth (%) -263.64
52-week high / low (p) 22.50 / 3.88 DPS Growth (%)

Mineral & Financial Investments Broker Views

Date Broker Rec. Price Old target price New target price Notes
25 Apr Beaufort Securities Speculative Buy 14.52 Reiterates
21 Feb Beaufort Securities Speculative Buy 14.52 Reiterates

Mineral & Financial Investments Director Deals


Mineral & Financial Investments Company News

FTSE up on miners amid caution on Tuesday's UK CPI

London stocks overcame a minor opening wobble to be rising in early deals as miners performed well, but a distinct note of caution exists as traders look ahead to UK inflation data due out tomorrow.

A short while after the open, the FTSE 100 was up 4.17 points, or 0.06%, to 7353.54, and the FTSE 250 was up 0.48, or 0.0%, to 19,230.2. At 8.28am, sterling was mildly ahead on the US dollar and euro. Stock markets in Europe were mixed, although scarcely moved.

General miners BHP Billiton (BLT), up 4.64% to 1347.25p, Rio Tinto (RIO), up 1.5% to 3305.25p, and Anglo American (AAL), up 1.25% to 1251p, led the FTSE 100 higher. Gold was down 0.12% to 1255.80/oz, but silver slumped 1.25% to $17.93/oz and copper dropped 0.89% to 262.35 cents/lb.

Rio has issued details of the $4bn paid in taxes and royalties in 2016. Anglo American (AAL) has sold its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Ltd.

Supermarkets Marks & Spencer (MKS), up 1.44% to 341.75p, and Tesco (TSCO), up 0.61% to 190.85p, gained. Banks HSBC (HSBA), up 0.56% to 658.05p, and Lloyds (LLOY), up 0.11% to 63.09p, were ahead. Barclays (BARC), down 0.49% to 214.25p, and group CEO, Jes Staley, were under investigation by the FCA and the Prudential Regulation Authority.

Blue-chip risers and fallers were roughly evenly split. Airlines, house builders and pharmas were all present among those stocks gaining, while commercial property and utilities were among those heading lower.

As the price of gold eased, so, too, did gold specialists Randgold (RRS), down 1.72% to 7282.5p, and Fresnillo (FRES), down 1.51% to 1599.5p. Among oilies, BP (BP.), down 0.78% to 466.75p, and Shell (RDSA), down 0.36% to 2137.75p, fell as WTI and Brent prices rose.

BIGGER MOVERS

Strategic Minerals (SML), up 18.87% to 1.58p, said subsidiary Southern Minerals Group (SMG), operator of the Cobre magnetite stockpile, has entered a new contract on with a private company for the supply of up to 400,000 tons of magnetite at a market based price over several years, subject to availability.

Mineral & Financial Investments (MAFL), up 16.39% to 17.75p, said TH Crestgate has released the encouraging assay results from the first hole of its four hole drilling campaign on its 85%-owned Lagoa Salgada zinc-copper project in southern Portugal.

Bluejay Mining (JAY) rose 11.11% to 15p after publishing a Maiden Mineral Resource Estimate for the Pituffik Titanium Project in Greenland, confirming it was the highest-grade mineral sand ilmenite project globally.

LONDON HIGHLIGHTS

Highlands Natural Resources (HNR), down 6.83% to 29p, has confirmed the Colorado Oil and Gas Conservation Commission has approved the company's permits for a surface location as well as its first four applications to drill in the East Denver project in Colorado.

Highland Gold Mining (HGM), down 1.97% to 180.13p, posted a FY net profit of $47.9m, against a net loss of $10.0m last time. Revenues rose to $305.9m from $276.2m and operating profits incrfeased to $69.4m from $22.4m.

Atlantis Resources (ARL), down 1.75% to 56p, has confirmed that the MeyGen AR1500 turbine was currently being monitored to assess the effects of an unplanned grid outage. It said the outage was caused by a third party and was unrelated to the turbine itself.

Big Sofa Technologies (BST), up 1.12% to 22.5p, has signed a supplier service agreement with Survey Sampling International, a leading global provider of data solutions and technology for consumer and business-to-business survey research.

Safestay (SSTY), up 0.95% to 53p, has reduced its FY pretax loss to £468,000, from a loss of £610,000. Revenue was at £7.4m, from £4.0m, which reflected demand for the firm's contemporary hostel offer and FY contributions from Edinburgh and Holland Park.

Carillion (CLLN), up 0.71% to 220.25p, expected its H1 results to be in line with management forecasts, with rises in both revenue and EBITDA. It added that a Carillion joint venture has won a HESTIA South East and London Region Multi Activity Contract.

Frontier Smart Technologies (FST), up 0.58% to 86.5p, has launched its smallest ever module for DAB+ radios. It said the low-power Siena module measured 21mm x 21mm.

Other stocks in the news included Magnolia Petroleum (MAGP), React Group (REAT), Wentworth Resources (WRL), Empiric Student Property (ESP), Hague & London Oil (HNL), Akers Biosciences (AKR), The Unite Group (UTG) and Sound Energy (SOU).



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Mineral & Financial Invest updates on Crestgate drilling

Mineral & Financial Investments said TH Crestgate has released the assay results from the first hole of its four hole drilling campaign on its 85%-owned Lagoa Salgada zinc-copper project in southern Portugal.

The hole announced today, LS ST-01, was a vertical step-out hole 35 metres to the North of the historic LS-20 hole, drilled by Rio Tinto.

"Although this is only the first hole - we are extremely encouraged by the size and grade of the mineralized intercept," said Jacques Vaillancourt, chairman of MAFL.

"We are eagerly looking forward to the results from of the next 3 holes. These holes will establish whether this is a new discovery within Lagoa Salgada, or an extension of the LS-1 resource 1 km to the north.

"We have always held the belief that Lagoa Salgada can very realistically host numerous ore bodies."

TH Crestgate was a private Switzerland-based investment company in which MAFL holds a 49% interest.

This historic hole was fully re-logged by Redcorp and some intervals from that drill hole that were never assayed before were sent to ALS for TH Crestgate, and yielded 93m of core hosting 2.85% of copper equivalents.

The drill programme was focussing on the 'Central Sector' and was announced and initiated in December 2016," the company said.

Three of the four holes were completed. The assay results from the first hole have just been received from laboratories owned by ALS in Seville, Spain.

The 13,400-hectare Lagoa Salgada project currently had 17 identified gravimetric anomalies, one of which hosted a preliminary resource, dubbed the LS-1 zone.

The "Central Sector" was located within the LS-1 zone and was about 1200m southeast of this existing 4.5m tonne zinc-leaed resource.

The Central Sector was the subject of a 4 drill-hole program undertaken by a previous operator in the early nineties. This current drill program was designed to expand the understanding and economic value of the Central Sector.






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FLASH: Mineral & Financial Invest updates on Crestgate drilling






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FLASH: Mineral & Financial completes £500,000 placing






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Mineral & Financial Invest says placing successful

Mineral & Financial Investments has successfully completed a placing to raise about £300,000 via the issue of 3m new shares at 10p each.

Funds raised would be used in relation to potential investment opportunities in line with the company's investing policy and for general working capital purposes.




At 9:17am: (LON:MAFL) Mineral Financial Investments Ltd share price was -1.5p at 10.63p



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