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Interesting read. https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/

Bottom line, as long as we stay long and believe in this company we will be fine. Assuming they deliver...

CC, Well done to you for getting hold of 900k of cheap shares. I don’t much care about MM short term shenanigans as they do not and can not stop a good quality company’s sp growing over time.

It is a shame that Rupert and Tristram think they have cheap shares coming so they can play loose and fast with their last lot of cheap shares. It would be nice for BMN to fund next stage and stick a finger in their eye..

But... I am happy with what we have got here, and the patient investor gets their just returns

720 T at $5000 gross profit is $3.6M gives a MC closer to £22M, currently £16M so maybe 4p is more accurate.

So true CC, $3.5M turnover pays the bills, puts a little in the bank and should give a 5/6p share price, all in a few months.

There is no real need to hurry as I am sure investors will come to them at that stage.

I have very confidence in the long term growth of this company and do not give a hoot about the short term shenanigans. Really not sure why so many on this board go on and on about it instead of just focusing on the great story.

Hi CC, I do like the BMN buy back idea and £20M would not hurt that much now, take their holding back over 50% too. Always been my secret hope that one. Tin and Vanadium are the technology play of mining and could really put Africa on the mining map again.

As for giving PIs a piece of the pie, would hope so but Tristram and Rupert are camped here now and see a nice short term gain. The recent dumping by Miton was a real disgrace and I did email ATM to say so. So the BMN route would be nice.

Even diluted I see a clear 18 month path to 30p so not that worried and I never get hung up about short term SP just the shenanigans of the city boys

I think facts in the open help. They are clear about needing to raise £22M to fund stage 2, it is in the presentations and never hidden. Therefore investors, new or potential, that this has a bumpy 18 month path to a great return. The investment case is impelling and I think anybody sitting on the sidelines until post fund raising could miss out significantly (or not!).

I am invested and will continue to be based on the facts. GLA and DYOR

Also not upset at all Worzel, you make a valid point as always.

Think my title covers it...

Ahh, there it is, the sneaky shot across the bows about the fine...I will follow the advice of loudspeaker.

Life is so much simpler on boards with red boxes to skim over, especially this one when I struggle to keep up to start with

in cars flippening is happening in overdrive now - good read in the FT about Mercedes ordering battery cells to feed electric fleet rollout https://on.ft.com/2ErkuhX - link is a guest link so you do not need to subscribe to FT to read.

The flippening may happen a lot quicker than 2025 at this rate, this adds to the great tin story https://www.internationaltin.org/tin-in-lithium-ion-batteries/

Good time to own a junior tin miner that is about to go into production perhaps?

Fair to say, by the noise, that production is underway/

A little off piste but interesting reading https://on.ft.com/2SG4qf3

Apologies, should have said Q2 2020, next year is 2019! They all go so fast these days..

This is the oldest bust still the best presentation in my view http://afritinmining.com/wp-content/uploads/2017/10/Afritin-Corporate-Presentation-October-v9-TAV.pdf

They have not deviated that much from it so far

MM all information is available in the investor presentations on the ATM website.

Phase 1 was planned to start around now, which based on the recent ore explosion announcement is about on track.
Phase 1 will then allow them to go raise the £22M they need to fund stage 2, expected to be fully operational by Q2 2019 producing 5500T of tin concentrate per annum.

So, assuming the share price behaves in the next few months and the placing is at 5p we should get a 100% dilution. But will have £22M in the bank so price should remain fairly stable and then quietly walk up. I see 30p SP by Q2 2019 as long as it all falls into place. As AV delivers on time I have no reason to doubt..

GLA

SON, that what I said below and hope for.

CP did say that was his preference

@faramog - it was a cocktail fueled response to my daft post -

tis a bit far away... mcap of circa 40b.... say pe of 10 gives post tax earnings of 4b ... say post tax is 25% of sales... 16B ... say half is BE and half mining ... at say $150/kg .. thats a little over 50,000 tonnes of vanadium ... vametco 10k+ .. add in brits and mokopane... a few years off.. but not outlandish...... at least by pool bar calc says so .... now ... back to some sun.. even if no BE thats 20 quid a share.... this is one of the problems ... the numbers are so big the IIs think its piffle

@serenus, no idea why, Bushveld Battery Energy has always been stuck in my mind, but happy to use the shorter version going forward.

At the recent mining conference FM stated that he believes BBE will produce 10 times the earnings of current BMN, 10 times!

Thing is, to enjoy the full fruits of that requires patience something some of the posters on this board seem to lack..

Faramog did a few pool side calculations the other week and did not think a £20+ share price was unreasonable in next decade. To clarify that means holding shares for years not days...

BigBench, I stopped posting on here because I got fed up with the negativity. I alwYs gave CP the benefit of the doubt and even got called a ramper, for posting positive stuff about a stock I own.

Facts are facts though, £860k is not a small loss and £175k is unreasonable as a salary of a loss making company.

Further the accounts make no mention of any income from “Trac’, ‘Goldbloc etc. (The accounts were signed off in December 6 months after finishing so could have easily referred to this as a post period event).

We need £75k a month to run this business and circa £250k to relist, plus a decent marketing fund. This company needs £1M in bank now at least so needs to sell Finland to fund this rather than more placements for his buddies.

We now get a ‘soft launch’ in Q1 with a marketing ramp in March. There is no way this stock is coming back until we have income coming in, so Q2 looks best chance of a relist, otherwise the shares will tank to circa 1p (value of quoted assets in accounts).

As shareholders we do not have to be cheerleaders but we can demand the BOD get their finger out.

I still believe the future is potentially bright and I think 5p by mid 2019 is very possible and 10p by year end (pulled back from previous thinking but still good) that does not mean I approve with how CP has handled the last 12 months, because on balance I do not...

For what it is worth I think we will relist on main market not AIM or NEX or we will be taken over at a modest premium.

I think a Q2 relist is looking more likely, the shares are worth 1p at best at the moment until they have some real income to report. I think news of Tally income could get them to 5p + very quickly so need to rush the relist.

Anyway they have CPs massive salary to fund so cannot afford a relist too..