The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
https://twitter.com/Afritin_Mining/status/1363836473854853120?s=19
There are limited periods when directors can sell like this, e.g after results, not before. If he needs the cash now and didn't use this window he may not have been able to sell for quite a long time if there is a steady stream of other news expected, as we hope.
More big numbers, batteries very much included...
"The IEA estimates spending on clean energy technologies would need to be 70% higher in the SDS than in STEPS, meaning an additional $1.4tn over the next 20 years. However, it notes this would come with “huge” savings, too, including on oil import bills which would cancel out the spending altogether. "
"...batteries are highlighted as a particularly appealing solution, with the report noting that solar is expected to compete on costs with coal by 2030, even when paired with battery storage which can increase the initial costs."
https://www.carbonbrief.org/iea-india-is-on-cusp-of-a-solar-powered-revolution
Extremely positive statements. I doubt Afrimet would have gone all on on shares at 4p if they thought the expected financing for expansion was going to be detrimental to their investment. Finance deal next IMHO....GLA
" AfriTin extend its existing tin offtake agreement for Uis with Thaisarco for a further three years, but also it has concluded an inaugural tantalum offtake agreement with AfriMet Resources AG (‘AfriMet’), which will become a second product alongside tin concentrate later this year. Secondly, AfriMet has elected to convert its outstanding convertible loan notes plus accrued interest into fully paid AfriTin ordinary shares, as a result of which it will hold 5.1% of the Company’s enlarged share capital. Together, these agreements represent strong endorsement from two of the world’s leading metals refiners/distributors in the global and African markets, in turn providing AfriTin with improved visibility for its polymetallic output"
"In expectation of near-term production, an offtake agreement with AfriMet for tantalum concentrate produced from the Uis Tin Mine for a twelve-month period has now been signed with an option to renew for a further three years upon mutual consent of the parties. "
Eskom plan ... could get interesting ...quickly
https://twitter.com/BulelaniPhillip/status/1359924573341417473?s=19
Strangely despite AV being uncomfortable in front of the camera the story came across ok. Not a lot said that existing holders don't know already but decent overview and compelling outlook for Tin for newcomers. It will be interesting to see if JW starts looking at ATM/Tin himself, he seemed to have a little eureka moment at Tin being a forgotten metal on the charge. May attract some new interest in the only UK Tin horse in the race.
They just mentioned that vanadium via VRFBs could make a dent in the Grid scale/utility market but would not directly play a part in EV batteries. Actually sounded quite positive that VRFBs are now quite well known.
PopeUrbanII, There is a webinar tomorrow evening fearturing Afritin if you are interested.
https://twitter.com/**********/status/1356519064609431557