Member Info for Alfacomp

20p still only values the company at GBP 27M - personally I think with a resource like the songwe hill Rare Earth all derisked that £40M is closer to the mark. Then add in the Hypromag tie-in and potential rutile resources it should be a nobrainer for 30p+

thank god for that

I would have expected China prices to be ahead of that once CNY finishes - it is clearly chinese demand that is driving the market at present.

end of yesterday - so a brief retrace, most likely associated with the sudden arrival of an additional 500 tonnes of tin stock on the LME - where this has come from I don't of course know - perhaps it was kept back by traders looking for higher prices, perhaps it was released as some sort of emergency stock (those from the Bushveld days will recall the 15,000 tonnes of Vanadium that the Chinese miraculously found down the back of the sofa in sept 2017 just as the Vanadium price was going up through $50/KgV)

We shall see if this is sustained supply or if it is rapidly depleted, like the stocks were in the previous 6 weeks.

of some of the actual research put together by the LTH's here:- https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428

no idea Lucan but I'm happy they are I've bought over 50K in the last two days

what many people do not appreciate is that the Afritin Uis mine has already been the largest hard rock tin mine in the world - it was only due to the collapse of the International Tin Council in 1986 that caused the mine to stop producing ( https://www.internationaltin.org/economic-history-the-international-tin-cartel/ )

No EUA weren't even a producer

This reminds me of successful mining businesses such as Bushveld Minerals and Afritin that have managed to pull themselves up by their bootstraps with minimal dilution.

The ramp and dump traders don't like these because real progress on the ground gives real measurable results that they cannot pump the life out of twitter - so SP appreciation may be slow and steady rather than bubble and burst, but that's what defines the difference between investing and gambling.

is laid out quite clearly here:- https://www.internationaltin.org/wp-content/uploads/2020/02/Global-Resources-Reserves-2020-Update.pdf

"Namibia is one of the up-and-coming regions of Africa in terms of tin production, with the Uis project
– operated by AfriTin Mining – producing its first concentrate in 2019. The mine has CRIRSCO-compliant
resources totalling some 95 kt of tin (AfriTin Mining, 2019). This is expected to expand as the company
explores the numerous likely tin-bearing pegmatites in the vicinity of the mine."

The table on page 15 puts all the known reserves onto a single plot - you will see that Afritin's 95kT of contained tine puts it on the top line - that of course is just for the first couple of pegmatites (V1 and V2) that they have chosen to target and does not include the Brandberg West or Nanais ML133 sites both of which had historical operating tin mines. ( see page 12 here:- http://afritinmining.com/wp-content/uploads/2021/02/2021-02-01-ATM-Investor-Presentation.pdf )

This candelstick graph backs up the claims being made for the shocking movement of the tin price on monday:- https://twitter.com/megacontango/status/1361351186000080896

some remarkable claims being made about the tin price today. I look forward to seeing this repeated tomorrow - something strange seems to be happening and it may be down to the fact that US and Canadian markets were closed today. Perhaps someone tried to corner the market whilst those across the pond are sitting at home.

did people think we were joking when we said we had one of the world's largest hard rock Lithium resources ?

john - why are you even here ?

Pjx323 - perhaps you could name one of these so-called 'vanity projects'

Built by the New York taxpayers for 950 million dollars. Rented to tesla for 1 dollar a year. This is state aid on a massive and bare-faced scale.

I wonder if this is a prelude to Afrimet proposing a cheeky takeover offer ?

great work - 90% early payment is very good. Afritin should be called AfriTinTantalumandLithium

James - it is not difficult for market makers to control the price for more than 1 month, 2 months, whatever. They control the price ALL the time. Only when there is irresistible buying pressure from traders do they take the opportunity to allow the price to move up. The MMs sell short into this and simply wait as long as they need to to get back the shares they need. The only question is after this process does the SP end up higher than it started out at or not.

Ironically if others know that this is what the MMs are doing, and they too sell short at the peak prices (aka selling into a price rise) then it becomes a competition between the MMs and the price risers as to who buys back first. If it is the MMs then the price risers could lose out as the price potentially moves back up, however if the price risers continue to buy after the walk back the MMs end up having to deal with not just the initial buying pressure but also the subsequent buy back pressure. In the second scenario the MMs then will move the price even lower to try and skewer those who might have bought using leverage.

This is what happens in a zero sum game when you are playing against a banker who has the rules bent in their favour.

I don't have a problem with people shorting a stock that is overvalued - I can name a number of stocks that I think are overvalued - Tesla for one.

The issue is organisations shorting the stock who also control the price.