Member Info for fatbanker

not seeing the sells I expected so I did a dummy sell at 3.7 and you cant even sell 100 shares, so the MM have shut up shop or they have a background sale in the bag. give it a few hours and see what occurs.

jimithe brush - I agree buddy. we will see a little profit taking, particularly from initial bmn holders who have been underwater for months. once that settles and people realise ATM has done exactly what it said it would do, then I intend to start adding again. let the sellers through first. gla

well done everyone. gla

alfa - thanks for this update. if the MM cant get the shares they need simply by fulfilling supply and demand, or by having a tame seller, then their only other option seems to me to be artificially crash the price to try to scare the bejesus out of some of our newer investors. that being the case, I will have the wallet handy, but would like to inform our newbies that we have seen this many times before and its a case of buy if you can and hold if you cant buy and eventually we come back stronger. dips are good. gla

this is the segment relating to tin of a briefing note that came from sp angel the other day regarding the Chinese tin closures

tin comments-
- China tin supply expecting outages as the majority of concentrators in Gejiu city in Yunnan province, 30 of 51, were ordered to dismantle by October 31st.
•According to the International Tin Research Institute (ITRI) the outstanding 21 concentrators are expecting to face disruption when releasing capacity after settling into the new mineral processing location in the Northern Industrial Park in Gejiu. Supply disruptions may result from the initial factories built outside the Northern Industrial park being torn down.
•The government has given orders for these 21 concentrators to file an application for voluntary tear down by Dec. 20 and then dismantle their concentrators build outside the park by Dec. 21-30.
•Those concentrators which don’t comply will be forcefully shutdown by the relevant authorities during Jan.
•The impact on supply is significant, hitting around 15% China monthly tin volumes, with the ITRI estimating the removal of 1,000t per month concentrate.

if you visit the ATM board you will see I am very much invested over there. A few things I would draw to your attention
1. many Chinese tin concentrators have been ordered to close in recent weeks
2. there was a 9.6m shares purchased recently nickD and myself both commented that is was odd the SP didn't react to the big buy and ATM is pretty tightly held amongst institutional investors and the chosen few ruperts and tristans who were places on the last fund raise. many PI's sold to move into BMN and have done well, but from trading activity it now seems the MM are short of ATM shares, hence the price rise.
3. Whilst I understand investors moaning that ATM was sold too cheaply, surely that logic means its worth more than the demerge price which opened on day 1 at 4p, and therefore with the progress the company has made since launch, I am unsurprised the shares are now in demand.
4. I would not be surprised to see some selling when the ATM price breaks through 4p, giving people a profit over issue price, but with news on opening production, and closure of Chinese supply which is covered on google or in my posting history, ATM could some more yet IMO.
5. Viljoen is delivering to plan and whilst a further placing can reasonably be expected, I still think this is going to work out just fine.
6. As per normal, many of the red sells are red buys, in that respect the MM never disappoint

Delighted to see BMN going so well. gla

faramog - it needs updating on website, I have emailed the company.

http://afritinmining.com/capital-structure/

cadell- bmn have about 10% of atm. they had 17% approx. but didn't participate in the last placing so its reduced their % but no change in share numbers.

2 x 50k @ 3810 are mine. no more today. gla

easy bmn. but if you asked me which one was more likely to double in 3 months that would be much closer. I am very full in bmn and for that reason I am building my position in atm. hope that helps.gla

https://afritinmining.com/tin-market/

the companies own website has a section on the outlook for tin, and specifically makes the point not all proposed new producers will actually make it to production. gla

we are expecting confirmation of production commencement this quarter, all the plant is going in new and fit for purpose, cash in the bank, tin demand and tin price both steady. The recent 9.6m shares buy at 3.3p appears to have pinned the bid in the 3.2 3.3 range. There is a regular disposer of 500k shares always at 3.3p, probably another example of a placee that cant wait to grab a profit and move on. I think we are in a good buying period right now whilst bmn holders sell here and increase bmn against the excellent economics over there.

vauch - no destructive selling from me buddy.today I bought some to support and then sold on a limit sell late in day. gla

alfa I dropped by 10k today that's all. I put in 5 x 8008 buys early on to support the drop at 37p and then placed a limit sell of 50k at 3750 for 50k which triggered just near close of play so none of the big deals are me and they wont be, I said I would punish drops and exit in £20/30k sells. gla

haha its takes discipline to decide on your strategy and stick with it. I honestly believe we could all agree to go balls deep for 2 years and sell nothing and this would climb massively. I will still have a core holding, and will look to punish the dips but I don't want to be as wedded to LSE as I have been and I have done well enough. As it is my family will be well provided for and all their debts will be cleared out (they don't know yet). I will pop in every now and again, and I am still confident in ATM even though I think plenty have been sold to move more into here, no issues with that. gla

https://secure.outsiderclub.com/o/web/179306?utm_source=email-promo&identifier=da5c79c411be829e8ce6dcd04624cc9a&utm_referrer=64

a nauseating site but worth a view

thanks for the nice comments, just to clarify, I am selling only the surplus shares above £5,88m which is my holding now x 35p so if the price goes to 40p then I will sell enough to return myself to £5.88m and trouser the cash. gla

yes pleas alfa

I posted before that I am planning to top out above 35p and out of respect to the board you wont see any monster deals, I will just be selling in 20/30k lumps when the price will take it. I wont cause it to go sub 35p. with luck you wont even notice. If they try any of that sudden drop stunt I will come back in. gla