This is an investment company that invests in the natural resources sector, providing capital to mining companies to finance projects.
Oak bloke write up.
Compelling…as they often are!!
Pennies so far.
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I forgot this YouTube video. This is basically the strategy for MAFL
Multiple small purchases since 17 December 2024. Up 35%. Alas only small holding may sell few bits to make it more of a meaningful holding.
Up 17% over 1 week
Up 46% over 1 month
UP 91% over 3 months
Up 91% over 6 months
UP 61% over 1 year
Up 101% over 5 years
Price to book 0.63
P/E 3.72
All figures from Freetrade
Continues upwards but no where near it’s NAV. Some assets are unlisted and nobody quite trusts unlisted valuation.
But listed valuation and gold bullion held cover the share price. The latter is important, over 25% of the NAV is gold bullion. I am up 52% on 11 purchases since December. Alas less than 2% of portfolio.
A good way of diversifying and playing the volatility.
This share is now up exactly 100% over 3 months and still no where near it’s underlying value. …Got to say it…wish I had bought more!!