Mineral & Financial Investments

MAFL: 11.00 -0.38 (▼3.23%)

Delayed:2017-08-18 16:57:09
Bid Price 11.00 High Price 11.75
Ask Price 11.50 Low Price 11.00
Open Price 11.63 Spread 4.44%
Prev Close 11.25 Volume 239,823.00

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) 11.25 Net Gearing (%) -13.76
Market Cap (£m) 4.04 Gross Gearing (%) 3.86
Shares in issue (m) 34.74 Debt Ratio 0.00
P/E Ratio 19.38 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.04
Dividend Yield (%) 0.00 Price to book value 2.69
Dividend Cover 0.00 SROCE (%) 7.33
Earning per share (p) 0.60 EPS Growth (%) 116.67
52-week high / low (p) 22.50 / 5.13 DPS Growth (%)

Mineral & Financial Investments Broker Views

Date Broker Rec. Price Old target price New target price Notes
16 Aug Beaufort Securities Speculative Buy 11.00 Reiterates
12 Jul Beaufort Securities Speculative Buy 11.00 Reiterates
07 Jun Beaufort Securities Speculative Buy 11.00 Reiterates
25 May Beaufort Securities Speculative Buy 11.00 Reiterates
25 Apr Beaufort Securities Speculative Buy 11.00 Reiterates

Mineral & Financial Investments Director Deals


Mineral & Financial Investments Company News

FLASH: Mineral & Financial updates on Lagoa Salgada LS-1






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Mining & Financial swings to FY pretax profit

Mineral & Financial Investments has posted a pretax profit of £111,000 for the FY, from a loss of £496,000.




At 9:37am: (LON:MAFL) Mineral Financial Investments Ltd share price was -1.38p at 11.88p



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FTSE firms on miners, supermarkets as GBP rises

London stocks are firming despite notable spikes in the value of sterling against both the dollar and euro, and as investors generally welcomed a string of off-diary corporate news from mid-cap and AIM-quoted companies.

A short time after the opening bell, the FTSE 100 was up 57.48 points, or 0.77%, to 7521.02, while the FTSE 250 was up 58.17, or 0.29%, to 19,874.6. Shares in Europe were also gaining, following on from a broadly positive Wall St on Friday and Asia gains this morning.

Crude prices were down, as were those for gold and silver. Industrial-favourite copper was rising. This benefited miners with Anglo American (AAL) up 1.54% to 982.15p and Antofagasta (ANTO) adding 1.54% to 792p. Also up were Rio Tinto (RIO) and Glencore (GLEN).

Gold-sensitive miners Randgold (RRS), down 0.77% to 7070p, and Fresnillo (FRES), down 0.13% to 1545p, were notable among the 12 blue chips falling. Oilies were gaining. BP (BP.) added 1.07% to 471.65p, while Shell (RDSA) improved 1.05% to 2137.25p.

Supermarkets were appreciating, too. M&S (MKS) added 1.8% to 351.4p, while Morrison (MRW) rose 1.15% to 245.4p and Sainsbury (SBRY) gained 1.09% to 255.05p. Banks, insurers, consumer goods, property and utilities all figured among the long list of blue-chip winners.

BIGGER MOVERS

Oilex (OEX) gained 22.86% to 0.21p after announcing material progress in the resolution of the outstanding cash calls owing to the Cambay and Bhandut PSCs. It separately requested an immediate trading halt on its Australia-listed shares pending an announcement.

Microsaic Systems (MSYS) down 20.95% to 2.08p, warned its H1 and FY 2017 revenue would be significantly lower than for 2016, but said lower overheads due to cost reduction plans implemented meant its FY pretax loss was seen broadly in line with 2016.

TLA Worldwide (TLA) fell 17.02% to 19.5p after updating on its accounts, noting a total hit to headline EBITDA for FY 2016 of about $3.6m and provisions against trade and other receivables resulting in a one-off charge of about $3.2m.

LONDON HIGHLIGHTS

Mineral & Financial Investments (MAFL), up 15.7% to 17.5p, has issued drill results from its 49%-owned subsidiary, TH Crestgate GmbH, a private Swiss-based investment company. "This hole is a very positive and hugely encouraging first hole," it said.

Mosman Oil & Gas Ltd (MSMN), down 11.11% to 1.4p, has raised £600,000 via a placing and subscription of 42.9m new shares at 1.4p each.

Xtract Resources (XTR), up 10.7% to 0.02p, said wholly-owned Mozambique subsidiary Explorator Ltd has concluded a Mining Contractor agreement with Omnia Mining Ltd and Moz Gold Group Ltd for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

Ortac Resources (OTC), up 7.69% to 3.5p, has provided an update on its investment in Casa Mining Ltd, a private company developing the Misisi gold project in the Democratic Republic of the Congo (DRC).

InnovaDerma (IDP), up 7.69% to 385p, said it expected its FY revenue and profits to be well ahead of expectations. Sinclair Pharma (SPH), up 4.6% to 31.38p, has acquired the Refine Support System for a total consideration of up to $11.3m including regulatory and sales based milestones and royalties.

ReNeuron (RENE), up 6.85% to 1.95p, said the US FDA has approved the cryopreserved formulation of its human retinal progenitor cell therapeutic candidate, and noted it had now started treating patients with this formulation in its ongoing US Phase I/II study clinical trial in retinitis pigmentosa patients.

MTI Wireless Edge (MWE), up 4.12% to 25.25p, subsidiary Mottech Water Solutions has agreed to establish a JV company (Mottech China) with Omega Technologies (OTL). Mottech China would be 60% owned by MTI.

Other stocks in the news included CareTech (CTH), Filtronic (FTC), Bonmarche (BON), Workspace (WKP), Avanti Communications (AVN), Custodian REIT (CREI), CyanConnode (CYAN), Premier Technical Services (PTSG), Atlantis Resources (ARL), Velocys (VLS), FastForward Innovations (FFWD), John Laing Environmental Assets (JLEN), Cairn Energy (CNE), Green & Smart (GSH), Integumen (SKIN) and Flowgroup (FLOW).



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Mineral & Financial Investments updates on Lagoa Salgada

Mineral & Financial Investments has issued drill results from its 49%-owned subsidiary, TH Crestgate GmbH, a private Swiss-based investment company.

"This hole is a very positive and hugely encouraging first hole," said chairman Jacques Vaillancourt.

"The size and grade of this intercept gives us confidence that our targeted resource increase to between 8.0Mt and 10.0Mt at LS-1 is achievable," he said in a statement.

"In addition to the LS-1 resource and the newly identified Central Sector mineralization, Lagoa Salgada hosts at least 16 other gravimetric anomalies that need to be explored using 21st century intelligence and technology."

Vaillancourt said this underscored the company's belief that Lagoa Salgada could host more than one orebody that could become a mine.

"M&FI has a strong working capital position of £2.5 million of which £1.0 million is in cash, which will allow us comfortably to support our 49% interest in TH Crestgate."

TH Crestgate had released the first assay results from its new drilling campaign to expand the LS-1 resource.

The holes were completed by wholly owned local subsidiary Redcorp Empreedimentos Lda on the 100%-owned Lagoa Salgada zinc-copper project in southern Portugal.

The 6-hole drill programme, announced and initiated in June 2017, was focussed on expanding the existing LS-1 Resource.

The current resource was 4.5Mt, with a zinc equivalent grade of 8.2%. This drilling programme was targeting expanding the resource by 75% to 125% to between 8.0Mt and 10.0Mt.

HIGHLIGHTS:

- LS MS-01 drill hole strikes 88.0m of 11.85% zinc equiv., including 28.0m of 20.63% Zn equiv.

- LS MS-01 drill hole is the first hole of LS-1 resource expansion program

- LS-1 Exploration program to expand resource from 4.5Mt to 8.0Mt-10Mt on track

- Substantial gold-rich zones, including 2m at 30 g/t gold and 16m at 3.3 g/t gold

- LS ST-03 strikes 11 distinct semi-massive to massive sulphide intervals in conjunction with very high levels of sericitic alteration

- 16 other anomalies still to be fully explored.



At 8:08am: (LON:MAFL) Mineral Financial Investments Ltd share price was +2.38p at 17.5p



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MAFL encouraged by drill results at Lagoa Salgada

Mineral & Financial Investments says it continues to be encouraged by the results 49%-owned TH Crestgate is delivering from the Lagoa Salgada project.

"This latest (third) hole indicates that we are dealing with a very large mineralized system, given the length of the mineralization," said COO Alastair Ford.

"This third hole's mineral characteristics are consistent with the first 2 holes, but immediately adjacent to the LS-1 resource," he said.

"This hole further confirms our belief that Lagoa Salgada hosts numerous ore bodies."

HIGHLIGHTS:

- 3rd hole strikes large mineralized zone with intercepts as high as 8m of 9.80% Zn equiv.

- Mineralization is respectively a 110m and 150m step-out from first and second holes (LS ST-01) of this drilling program and 200m from the historic LS 28 hole.

- Three higher grade mineralized channels encountered within a larger zone of mineralization.

- Results to date suggests that mineralization is part of a larger mineralized system.

- Mineralisation remains open at depth and along strike

- Remainder of drill-hole results expected within 10 days.




At 9:44am: (LON:MAFL) Mineral Financial Investments Ltd share price was +1.5p at 15p



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