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Was just reading about alphamin pulling out of their sale,and deciding to carry on expanding their mining operations.Their ceo stated going forward it would be more in shareholder interest,because of a growing deficit of world tin production.With the upcoming electrification ev and solar.He also stated a new 12kt mine would have to open and come on stream every year to keep up with rising demand going forward.was in Minig.com 3 days ago.justin a slight lul.sit back and watch gla
Afternoon all,was looking at the loan comments,going back to the PEA rns results a few weeks ago AV states once phase 2 is complete and the lithium on stream ,there will be a rapid payback of finance of just 1.5 years.The loan we are securing is set at 10 years,but doesn’t mean we have to take it to full term.I’m well pleased with how things are going at Afritin.Better to have a working loan facility,than doing a cash call diluting shares .just my opinion guys
Yes,I’ll second that Agricore,great article,once the Chinese smelters have there 45-50 day maintenance shutdowns,the world will be straight back into a tin deficit.and I reckon the price will go on a March again.plus after china’s covid lockdown manufacturing will be running at full bore,Personally I’m hoping the share price stays low for a couple more weeks,till a house sale completes,and I’ll have some more funds to add to my holding here,so so cheap.I’m here for the end game .hopefully £1 plus and dividends.and I think that’s seriously conservative
Syste
The 1.2 billion annual revenue for 2025 included the lithium and tantalum,and was based on a very low prices.Look at the 26th of April RNS,The 2nd table has 3 separate price scenarios on all 3 products,personally I believe the actual revenue and prices will be in the middle,and around the 2.1 billion mark or higher because Tin and lithium,is going to be in massive use into the coming years.Plus these new tin and lithium companies are all years away from production,and no mines built or even infrastructure.we are already mining and making money.
Was away early this morning,just been catching up on the news on lithium,had no reception all day,brilliant news,audio I’m from Yorkshire where s*ag heaps and coal mining,where a massive part of the culture lol.I did watch a YouTube film of AV stating he wasn’t a lover of share dilution,cash raise for expansion,and wanted to raise the money from incoming revenue.He also stated that is one of the reasons the timeline was longer.Also covid slowed down construction material delivery.With what we have,this share price is a steal at 7p gla
Good evening everyone,bought back in today,looks to me like IAG has hit the bottom,the company buying back millions of shares,and plenty of holiday maker’s queuing up,when the staffing issues are sorted,the only way is up for the share price all in my opinion,gla
Won’t be long before some contracts are signed for our lithium products.It clearly states in the rns,11 tons of high grade lithium product has been produced,and samples sent to potential offtakers,The ev market is only just beginning,and the need for lithium will be huge,To think it’s just a by product from our tin production.Fantastic share price entry point.
Lithium test independently completed .94% petalite high grade,for use in glass and ceramics,and also the big one battery grade, conversion to lithium carbonate or lithium hydroxide,pilot plant expected to be commissioned by q4,awesome news
Apparently Indonesia,are wanting to build there own metals infrastructure and build there own smelting plants,and conserve ore reserves,just like they did with nickel,eventually making many times more profit,stopping tin production will cause a huge void in the world supply as demand is increasing,just the same as nickel is now,going forward through this year into 2023 expect record breaking prices.Tin is the glue of the green revolution
Just been reading a report from metal bulletin,says Indonesia,will stop tin exports from end of 2022.which is one of the main global suppliers,they review licensing in June so could be sooner.When this happens the tin price will go ballistic.imho the all time price will be smashed,and a huge squeeze coming ,with ramp up in a few weeks time ,Afritin profits will soar,GLA
Bought 58030 shares at 1.31 today for 6.70 p.went down as a sell.there were many at that price roughly around the same time,games being played ,anyone else noticed the same today.bargain basement price ,didn’t think I’d get anymore under 7p
Very strange price action today,buys £130,k vs £30 k sells and they drop it 4.5 percent.The mms trying to shake the tree for the next news rns to hit,I aren’t selling no shares,big news flow to come this next few months gla
The markets in general are down,especially commodities,the fear of covid lockdown in china.The market makers have took massive advantage here,the size of drop for the few shares sold is a joke,grab what you can because there’s tons of news to come here,we’ll be over 10p in a flash.They want your shares friends.There not getting a single one of mine gla