Mineral & Financial Investments

MAFL: 11.57 -0.25 (▼2.08%)

Delayed:2017-06-27 17:30:00
Bid Price 11.50 High Price 12.90
Ask Price 12.00 Low Price 11.11
Open Price 12.00 Spread 4.26%
Prev Close 11.75 Volume 671,319.00

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) 11.75 Net Gearing (%) -22.08
Market Cap (£m) 4.17 Gross Gearing (%) 5.31
Shares in issue (m) 34.74 Debt Ratio 1.09
P/E Ratio -3.33 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 4.58
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
07 Jun Beaufort Securities Speculative Buy 11.57 Reiterates
25 May Beaufort Securities Speculative Buy 11.57 Reiterates
25 Apr Beaufort Securities Speculative Buy 11.57 Reiterates
21 Feb Beaufort Securities Speculative Buy 11.57 Reiterates

Mineral & Financial Investments Director Deals


Mineral & Financial Investments Company News

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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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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