focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Proof if ever needed that a little knowledge and a lot of bad intentions can be dangerous. They might blow themselves up and anyone who takes what they say at face value. Loved mogwhy pointing out that what they thought was the Dalian battery was actually the Rongke factory. Wouldn't waste too much time on them they appear to be desperate for some attention to boost their hits. Proper research and actual facts are a little safer to follow.
I am assuming that this presentation is primarily designed to target one or more Financial Institutions to underwrite the leasing agreements. For me the most telling things from the presentation are what is not written in there but what would have to be told to any Financial Institution to get them to take or share the leasing risk.
- Electrolyte production date
- Enerox pipeline (smaller projects)
- Larger project involvement pipeline (WB/Eskom, IRP other Africa ... all mentioned on P9). Why whet appetites unless some substance
I can't see anyone getting involved without this information and I can't see Fortune going out shopping without something to sell. Why go out now...coz the first dominoes are imm.... nah close. Watch this space. GLA.
Doesn't look like you will get it this side of 6p CT. Recently max buy 250k near 5.95p and they will take 700k at over 5.8p. IMHO the accumulator is snapping up what ever is going at the moment in anticipation of an announcement regarding tantalum and/or financing package for expansion.
Not 100% Investor81 but I think this cleared the Afrimet CLNs that were drawn from the $3.8M so the remaining Yellow Dragon $2.05M plus $205k interest is due on May 4, 21. Happy to be corrected by anyone who can interpret the details more conclusively.
P.S. From the Yellow Dragon RNS
"If shares were to be issued it would be at a 20-day VWAP calculated on the date prior to the repayment date. However, at this stage, the Company intends to repay the Loan Notes in cash. " This would equate to about 45M shares at 5p.
Investor1,
From recent RNS 15/2/21
"Conversion of AfriMet convertible loan note
AfriMet has elected to convert its outstanding convertible loan notes, totalling £1,600,000 plus accrued interest of £195,945.21, into fully paid ordinary shares. This conversion will result in the Company issuing 44,898,630 ordinary shares at a conversion price of 4 pence per ordinary share. This conversion will result in AfriMet holding 5.1% of the enlarged issued share capital of the Company (they currently hold no other shares in the Company).
Accordingly, the AfriTin Board has today approved the issue of 44,898,630 Ordinary shares ("Conversion Shares") of no-par value."
Application for Admission
An application has been made for the Conversion Shares to be admitted to trading on AIM ("Admission"). Dealings in the Conversion Shares are expected to commence on or around 19 February 2021.
Closed back over 27k yesterday after dipping below 24k a few days ago. LME stocks have been lowish but steady for a few days now too. Seems a steadier, less spiky rise this time. We're going to have a few shorter term profit takers after all rises and goods luck to them. Once they clear we should move up again tracking the Tim price somewhat. GLA.
https://www.lme.com/Metals/Non-ferrous/Tin#tabIndex=0
https://markets.businessinsider.com/commodities/tin-price (9/3/21)
https://www.argusmedia.com/metals-platform/metal/base-metals-tin (8/3/21)
Why else would someone delay posting an after hours trade other than to disguise their intentions.
Reported at noon today.
08-Mar-21 16:42:46 4.90 1,650,000 Sell* 5.10 5.20 80.85k O
Looks like word is getting out about ATM's potential which is huge when you look at Pekingduck's figures.
Good to see the nameplate production consolidated. Now 3 months on from AV's last appearance on Dec 7 (https://www.proactiveinvestors.co.uk/companies/news/935870/afritin-mining-hails--momentous-day--achieving-nameplate-tin-concentrate-production-at-its-uis-mine-935870.html) it would be nice to hear him update on actual progress since then and nail some jelly to the floor regarding financing and tantalum production timelines. Fair play they do pump out a few tweets but they need to be shouting from the rooftops about the excellent progress and potential, on any and all platforms, while Tin is hot as this is very much under the radar for many investors.
Agreed Halespur,
Good to hear Mantashe at least acknowledging that RE (with storage) has to happen at last.
Spreading our eggs across a number of local SA contracts would be good. A signed up pipeline of smaller 1-10MW projects in SA would be great and hopefully expedite the Electrolyte plant build and cement the need for a local VRFB assembly unit (right up Enerox' street size/scale wise). Every 10MW/40MWh (or 5 x 2MW/8MWh) battery would take up to 200mtV. Just 5 of these (or 25 x 2MW/8MWh) projects would take around 25% of our current output. Once up and running BMN have the whole African continent as a local market. That's not a big percentage of the potential BESS market to get us going. Mikhail your time is now....speak to us.
P.S. There also should be decent cost and time savings to be had for every local V/Electrolyte sale when compared with shipping to Europe/US or China which helps the bottom line and cash flows. Recent and planned CAPEX should also help reduce tax costs.
https://www.youtube.com/watch?v=LM0ez2NTk-g&t=1693s
Some little bits of info in there... (mostly from 16-26min)
- 2000Mw Emergency power suppliers identified
- Generation without licence seems to be moving from 1Mw to 10Mw (although 50Mw was being optimistically hoped for.)
- No cap on self generation if not supplying to the grid.
- Beneficiation (value add) of mining industry being evaluated to create more local industries
Setcentric, Just for clarification these are for the IPP Risk Mitigation tenders which are in addition and unrelated to the overdue award for the original BESS Phase 1 80MW/320MWh project at Skaapvlei, originally due 31/12/2020. A lot potentially coming to a head very soon.
Mr De Ruyter of Eskom seems to be promoting RE plus storage, creating local jobs and benefiting SA economy.
Mr Mantashe of SA Energy Minister seems to now be saying the same at long last.
Eskom BESS Phase I award 2 months overdue.
Multiple other SA tenders involving BESS in play and opening over the next few months.
V price moving nicely towards FMs sweet spot.
Pressure building nicely....
Serious defensive action by MMs today to quell the cheeky little run.
GLA.
Lindon, pb940, There was an RNS on Feb 4 stating that Grafton/Duferco had dropped from 37m 3.12% to 35m 2.95%. As they are now below 3% no more TR 1s required and they will not appear on the BMN top holders list as they seem to be only posting those over 3% and directors.