Member Info for oufc

There's a new corporate video on the website, not much new information but does show a 3d wireline version of a potential large Phase 2 plant. it does highlight the massive potential of the company.

Tharisa have revamped their website, don't think there's any new information available but it shows they are interested in showing what a good company it is to the wider investor market

Looks like we may be finally hitting £2 a share in the near term, great well run company with locked in growth coming on 01/01/22, whats not to like.

The presentation at 10am should be well worth a watch, great company with lots of growth potential.

Its good they are maintaining production levels every tonne of tin at the current high levels is very profitable and keeps the wheels spinning. The bit I'm more interested in will be the updated programme and progress of the next phase of expansion I would like to see a definitive construction period and anticipated commissioning date.

ATM have already signed an offtake agreement for tantalum see RNS date 15/02/21

Extension of tin offtake agreement

Inaugural tantalum offtake agreement

AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, is pleased to announce it has agreed a new offtake agreement for its tin concentrate with its existing trading partner, Thailand Smelting and Refining Corporation ("Thaisarco"), as well as signing an inaugural offtake agreement with AfriMet Resources AG ("AfriMet") for its future tantalum production.

The good news is they haven't found anything in the test work to preclude successfully extracting the by-products. The value released from these will double revenue from the ROM material, and will undoubtedly lead to obtaining financing for the Phase Two plant. The main downside to these positives is, it will take time to implement and patience can be hard to come by for investors! I for one will continue to add if the share price drifts back, hopefully the next quarterly update will provide more flavour and include some news of the plant expansion works.

Looks like positive news of some sort is going to break soon.

Good share price momentum this morning, hopefully this is a sign of incoming news.

We can always hope they are saving something nice and juicy to announce before Wednesdays AGM. This will trade sideways until we get some more updates, just have to be patient now I suppose.

I would say that most investors have a similar patient outlook at the moment. We are just waiting on some news for the next leg up in my opinion. Could be Phase One expansion news / Exploration / increased reserves / By Products is obviously the big one and will eventually double revenues. Having Tin around $36k /t obviously helps too.

Theres a new exploration presentation on the website, http://afritinmining.com/wp-content/uploads/2021/08/2021-05-ATM-Exploration-Webinar.pdf for anyone that is interested

Tin price continues to edge higher getting close to $36k/t, just had another small top up everything crossed for positive news on the by product reviews/test work/flow sheets. Massie opportunity here if they can keep the momentum going.

I believe that the share price is dependant on new news, any of these should boost the SP,
1. Tantalum by products - testing complete and process flow sheet worked out, and ideally timeframe for implementation
2. Lithium by products - testing complete and process flow sheet worked out, and ideally timeframe for implementation
3. Upgrade works progressing and a bit more commitment on anticipated completion date
4. Exploration results upgrading resources
Theres a lot to look forward to and if the Tin price remains at record highs its got to help with cash flows etc

Good interview with Anthony https://www.miningweekly.com/article/things-are-very-rosy-in-the-world-of-afritin-anthony-viljoen-2021-07-15, nothing really new but does confirm the potential of Afritin.

We do seem to have gone from a continual worry that Rh prices will fall, to a reduced Rh price (still highly profitable) without any recognition of the months where we have made massive profits with a $4k + pgm basket price, lets just agree that the Q3 results have been epic for Tharisa and let Q4 unfold in due course. In the absolute worse case it will pay for the Vulcan plant and an interim dividend (which I admit could have been higher) and we are now debt free and growing as a company.

BTW I know its a forward looking market etc etc , but this should work both ways positive and negative! Which hasnt been the case with Tharisa.

There is an updated presentation on the website if anyone is interested. lots of growth projects and with Gold at +$1,800/oz for the second half of the year and the gold hedges out of the way last December the FY 2021 results will be pretty good with reduced debt and an increase in the dividend.

A good update, and still with a bit of room for improvement even before the up and coming upgrade works which will boost incomes further, plenty of scope for growth.

Thanks Tharisa, your post is much appreciated, any company fact is a hundred times more helpful than company rumour.

My mistake that should be
FIL Investment Advisors (UK) Ltd. have dropped from 4.1% to 2.7% between the interims presentation and this one! I supposed that's just what's currently been declared to Tharisa