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Well the directors think it's a "steel" - hefty additions by them
Looking good on all 3 mines and Tin is in extremely high demand. Started at 30p this is surly a steel…
CV
Debuted 2 years ago at 30p plus...
A flood of good news including production over the next couple of years...
Tin has broken out sharply at last...
An absolute steal. I would back this to go to 50p plus...
Up 50%.
Certainly has turned. One of the essential new metals now. Great recovery play. ALL UPSIDE NOW.
The new CEO started on 1st Jan however as yet (2 months later). hasn't appeared on any vids, promos, presos. Is there any comms plan at all?
PT Timah's (fourth largest producer) production seems to have come to an halt.
https://www.reuters.com/business/energy/indonesian-authorities-announce-2-new-suspects-illegal-tin-mining-probe-2024-02-21/
Tin mining ban in Myanmar, the third largest producer and a source of ore for Chinese smelters, has not yet come to an end and PT Timah, the fourth largest tin producer, has been hit by a fraud/corruption scandal. Could be a big trigger to a tin rally.
Looks like fundamentals of 1SN keep improving but buyers are not rushing. A positive DFS in Australia could be a big trigger for a mark-up as some "experts" who not believe Taronga could work would be proven wrong.
Near future will be interesting.
For those who believe no mining in Germany or those who believe that grade is everything, do not watch you will change your mond
https://www.youtube.com/watch?v=Mq9_m6979RA
Hell yeah kenny
OK
4.5p.....could be the downtrend low that..imo
lets see
PS Almost doubled my holding today at 4.68/4.70...
Following a placing at 30p a share, First Tin opened on 8 April 2022 (18 months ago) at 32.25p. The tin price was c$43,000
The SP fell away to 9.1p (c$24,000) on 8 December 2022, but rallied to 15.65p on 24 Jan 2023 (c$34,000)
Tin now trading $24/25,000...
On 10 October LME 'Guests' forecast copper to be the biggest mover in 2024 (up 55%) with Tin next (21.8%...That would take it to c$30,000
hxxps://news.metal.com/newscontent/102407808/LME-Week:-Which-Metal-Has-The-Most-Upside-Potential-For-2024-Majority-Including-Citibank-Bets-On-Copper
Taronga DFS due Q1 2024...plenty to look forward to...
hxxps://www.thehindubusinessline.com/markets/commodities/tin-likely-to-edge-higher-on-looming-supply-crunch/article67256666.ece
1. Mineral Resources Estimate increased by 240% and
2. End-to-End Mineral Processing Testwork Successfully Completed.
3. Tin over USD 26k
last link not working. looks like this one works🤞
https://twitter.com/m***rading/status/1676245377085734912?s=20
nice to see first tin top of the q2 tin intercepts
https://twitter.com/m***rading/status/1676245377085734912?t=h6wnh5oddfk5olvn-tjjdq&s=19
News since IPO has only ever been positve. First Tin has so much potential upside from current valuation. Really looking forward to next couple of years here.
I agree mayster1. This reminds me a bit of deepmatter regards illiquidity and size of the spread. But this is a far better company. Grateful to redknight1 for bringing this to my attention as found his solgold posts very useful. His post of 5 April 2023 on here clearly shows no worries even if illiquid. But when there is a buying market this could shoot up rapidly.
.... i've put the message elsewhere,.. but a real concern is that whilst long on the stock,.. i've had trouble actually obtain a sell price quote and therefore not able to sell,..... it seems an iliquid stock,...
Hello,
I'm long on the stock, however, i've had trouble (through Fidelity) to actually obtain a sell price quote and therefore cannot sell,..... it seems an illiquid stock,... anyone else had issues when coming to sell?..
All very quiet around First Tin. IMO this gives anyone willing to take the time to research the Tin and in particular the First Tin proposal a xhance to build a position at a good valuation.
IMO First Tin present a compelling investment proposal.
Why?
They have 2 x advanced 100% owned projects in Tellerhäuser Germany & Taronga Australia. Both projects are low capex, low risk & have robust economics. Both have fully funded DFS's ongoing.
Taronga, with its low strip ratio, simple metallurgy, low cost renewable power and secured water source is a great, low risk, Low CAPEX project. With the recent confirmatory drilling validating the data from historic Newmont drilling and the fact First Tin are working on an updated resource estimate based on this as part of ongoing DFS. I cannot see how the upside potetinal of Taronga is in the current valuation.
Tellerhäuser, with the previous scoping study already confirming economics, the existing infrastructure meaning low CAPEX is again a compelling Low Risk, low CAPEX project. Add in the fact the historic drilling suggests continuous & consistent mineralisation. Again I cannot see how the upside potetinal of Tellerhäuser is in the current valuation.
Management, Considering the BOD own ~10% excluding Nicholas Mather, the CEO keeps increasing his holding, the largest shareholder Clara Resources (Nicholas Mathers) own 22.6%. IMO First Tin have a fully aligned, committed management team, progressing at speed with the backing of significant cornerstone investor.
Hopefully the progress and associated news flow over the next 12 months, Taronga updated MRE. Tellerhäuser deep assays, Tellerhäuser updated MRE, Mineral testwork at Tellerhäuser, DFS for Taronga, DFS for Tellerhäuser helps push the valuation to a more realistic level. IMO First tin should significantly advance both projects, realise some of the Taronga and Tellerhäuser upside & increase SP over next 12 months.
IMO the current valuation ~£19m presents a great opportunity to build a position in First Tin before wider market wakes up to the its potential. I am a buyer at these levels. If not already done so, do some research on the Tin market, the comapny, the management, the major sharholders and the deposits. If you do I think you may come to the same conclusion. If not I would be happy to hear thoughts to the contrary.
Good to see Ceo Thomas Buenger confirming his belief in the upside potential of FirstTin from current valuation by increasing his holding
Love companies with a BOD that are fully aligned with shareholders. First Tin definitely seem to tick that box.
First Tin CEO Thomas Buenger said, "We are pleased with these drilling results which confirm the expectations we had of this impressive asset, following previous Newmont drilling. We can now confidently use the significant amount of historical Newmont data to provide an updated resource estimate which will include our extension and infill drilling. We expect to undertake this updated estimate in the coming months and we look forward to updating shareholders once completed.
"The DFS continues at pace and the range of workstreams underway are progressing positively. We look forward to providing results from our world-class Taronga project as we advance it further."
Breaking out.
Big uplift in play here now. All upside..