Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Thats good if the M+ belong to the new directors, with access, survey history, deep water port, overall I think this is an interesting company and I have joined you all with stock over the past week, plan for a LTH, gla
The 40,000 was a buy not a sell, I'm a new longer term holder, though have been adding over the past few days, GLA
Well done , if indifferent response I will do something similar as should all Lth, hold few more, I feel BOD, have slightly forgotten about SH and more interested in deal making for the sake of it without adding value in the near term.
If one opens the Largo Resources website, it seems more focused on integrated green energy it seems more relevant and progressive for the future. (sadly I did consider buying but I stuck with BMN as we have the same potential).
They are having a meeting for a share consolidation combined with a move to a major US stock exchange, the SP has increased with the spot market, all it demonstrates it that our BOD need to be more engaged in a number of fields to engage insitutional investors.
Given the BB messages, its odd that the companies we are associated with ATM, Invinity have all recently increased in value, something that our Directors seem unable to do with our core mining business in a rising Vanadium market.
I do feel that our SP and NAV are out of synch and the potential for some recovery let’s say to mid 20’s is overdue.
AFRITIN, a UK-listed firm that mines the Uis tin mine in Namibia, said it had renewed an offtake agreement to supply tin to Thailand Smelting and Refining Corporation (Thaisarco), and had signed an offtake deal for tantalum with a new customer, AfriMet.AfriMet, a subsidiary of the Swiss-headquartered specialist commodity trader, Vanomet AG, concluded a one-year agreement with AfriTin, renewable for another three years, and providing the miner with the option of a 50% prepayment 30 days before delivery up to a maximum value of $500,000.“This last year has proved extremely positive for AfriTin, with tin production achieving design capabilities for Stage I at Uis ahead of year-end,” said Anthony Viljoen, CEO of AfriTin. He added the renewal of the offtake deal with Thaisarco comes at a time of vastly improved pricing for tin.“The strong performance at Uis has coincided with the tin price hitting new recent highs, breaking through the ceiling of $23,000 per ton for the first time since 2014,” said Viljoen. Demand growth for tin from electronics and electric vehicles, and low tin inventories were the main reasons for the price improvement, he added.In a separate announcement, AfriTin said AfriMet had chosen to convert its convertible loan notes totalling about £1.79m, including interest.
The conversion of the loan notes will equal 44.9 million new shares priced at 4 pence a share taking AfriMet’s stake in Afritin to 5.1%.The post AfriTin renews and extends customer offtake deal as tin price rises to new multi-year high appeared first on Miningmx.
Sanchez,
It it likely that someone at BMN reads this B Board, ever so often messages imply that various contact them directly,
yes I fully support your comment
I would really like to see the company start being a bit more aggressive in this high sentiment commodities market. I wonder if they are leaving that to all the companies that have a holding in
ATM is a sea of blue after yesterdays Afrimet 5% conversion, sadly I have more BMN than ATM!
And:
Uis was discovered in 1911 and was developed by Iscor of South Africa as the largest hard-rock tin mine in the world. Production started in the 1950s and ended in 1990 as a result of depressed tin prices. (Iscor did some serious ammount of drilling as well)
and
Historical mining footprint only a fraction of licence area
Large in-situ (non-JORC) resource remains
Historical resource of 73 million tonnes at an average grade of 0.136% tin
Virgin pegmatite outcrops across mining licence area provide huge upside exploration potential
Ore bodies are up to 40m thick and over 500m along strike
Existing pits are open-ended at depth and along strike
Exposed ore zones allow for near-term mining production
Surrounding pegmatites mapped with confirmed cassiterite mineralisation
Detailed mapping programme has identified higher grade greisenised areas
Concurrent exploration will target higher grade pegmatites with low stripping ratios to maintain mining stockpiles
Given all the various anticipated rises low some stability would be great, lets say a range of high teens to low twenties, get the production up, more interest in the flow batteries, some more investment companies and try to ignore all the wish list promises that as ever are always in the future next.
At leat the ATM holding value has increased, yet BMN sold off the Invinity added value for what purpose its hard to determine.
Though looking at another angle, if the MM ‘s had acquired shares in the mid to hi teens, then sold near the recent 23.5p, no wonder they persevere.
If as mentioned by others this morning ifd we are back in a holding pattern the 18's corresponds well to Orion loan price, yet the spot price for vanadiam has greatly improved, it has to repesent good value at current prices as they will have done thier homework before buying in.
Some will know what BMN SP was last tine Vanadium prices were at this level however we were a much smaller company; revenue was clear, no substantial capex, yet with potential. I wonder if our SP is relates to then and now?
Stage 1
Purchasing hubs in strategic regions with processing, quality control SOPs in place and in support of SSM and artisanal operations, to create value-added structured supply chains.
Stage 2
Structured investment in long term producing assets in stable jurisdictions tied to offtake.
Stage 3
Partnerships with strategic players in the regions that we are active in.
Some very interesting comments over the past few days,
Some will know what BMN SP was last tine Vanadium prices were at this level however we were a much smaller company; revenue was clear, no substantial capex, yet with potential. I wonder if our SP is relates to then and now?
Though looking at another angle, if the MM ‘s had acquired shares in the mid to hi teens, then sold near the recent 23.5p peak that’s quite a tidy profit. Rinse and repeat may it happen again? Nothing has really changed market wise.
Having worked in the oil industry, I’m aware of the power generation of plant turbines be they RR, Nuvo Pergonne (GE), given their own fuel stock, they fully understand its potential, so a few acres of Vanadium batteries they have the skillset, money and end users …? And then add the feel good green factor