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Dsfat in answer to your question yes you are missing something. You need to listen more carefully to the entire section of the presentation dealing with Lidsey in that presentation. I have provided the transcript section below. From 10 mins 17 secs: "... We are already producing from that reservoir there, except the previous owners drilled it all the way at the end of the structure, almost out of where the reservoir is. So what we are going to do here is drill a development well here that will give us a very good 3 to 4 hundred barrels a day to start of with. Schlumberger did a study a few years ago .. They thought it would be more like 1500 barrels. This estimate is done by our reserve auditors for the IPO. We think the truth is somewhere in the middle. This would make Angus energy a bit of a unique beast in the AIM market because we will be a fully funded self supporting company that doesn't have to go back to the market for anything other than corporate growth plan or acquisition ..." You will note that Paul Vonk quite clearly says that the independent reserve auditor (Xodus) estimates 3 to 4 hundred barrels but goes on to say Schlumberger estimated as much as 1500 barrels. Now the key point is that Mr Vonk then says quite clearly that "... we think the truth is somewhere in the middle." So Angus thinks somewhere between 400 and 1500 barrels! Or put it another, way exactly what folks here have been speculating about and exactly the range that Doose used to refer to. That is why there is so much speculation on production barrels from Lidsey. . Personally I am happy to wait and see what the results are, but why shouldn't people speculate over such matters if they choose to. Hope that has helped you gain a clearer understanding. Always happy to help. Regards. Pdub.

Sorry - iPad again: Correction "... lots of positivity from me on this bb too. Haha"

Very interesting that AV refers to the pilot plant producing 65 tons of tin concentrate per month, but again clearly says that full production of 5,000 tpa of tin. Now fair enough this could be exactly the same "slip of the tongue" as in the brrmedia interview (ie 5,000 tons of tin or tin concentrate - big difference) . So a careless expression for the second interview in a row or a change of plan from previously published information and go for tin production. I doubt anyone here can give the definitive answer, but it is something that I believe needs clarification. I note his reference to the very experienced.BoD, something I have previously commented upon and apparently part of the strategy for moving AfriTin forward. So far I can't find anything I don't like about AfriTin so I guess you will all have to get used to lots of positivity from mean this be too. Haha.

That's a low CapEx plant, it's all mechanical so you don't have many chemical processes, and because the host rock, the pegmatite is quite a coarse rock you are getting that good liberation of the cassiterite crystals." "Tell me a bit more about Namibia. What's it like as an investment destination?" "Namibia is a fantastic destination. One of the best destinations we've worked in in Africa. The laws are very conducive towards investment. They have had a stable mining law in place since 1992 with the revision in 2008 it's very transparent. It's number 4 in the Index from an African perspective. It's a mining jurisdiction. Some of the world's uranium mines operate there. You've got gold deposits, copper deposits and you've still got a lot of exploration upside. It's a vast country. Not very highly populated, but you've got some interesting geologies there, not least of all is the pegmatite belts which were once significant host to tin and a number of other specialty minerals." "Namibia that's the flagship project. You've also got the Mokopane project?" "Yeah we've got the Mokopane project in South Africa. Also on a similar basis was once the second largest tin mine in South Africa. The old timers left behind a lot of resource. We've drilled that resource - we've got about 18,000 tons of contained tin so it's a smaller scale but it gives us optionality further down the line. I think the emphasis is on what we want to achieve. AfriTin we want to become the African tin champion and expand our portfolio into Africa which was at one stage the fourth biggest exporter of tin product. Nowadays you don't have any industrial scale mining underway so that's our ambition. We've got a good track record, we've got a great BoD with experience if commercialising and adding value to investors, and we want to build on that reputation and bring AfriTin into full scale production." "And from an investors perspective you reckon being a pure play tin story. That's quite an exciting proposition?" "It is. Tin has got a lot of press. There's a lot of interest in it. It's an LME traded material. It's been one of the better performing metals on the LME, but as a result of that in London your average investor doesn't have any access to the underlying asset. Being a pure play tin asset we will be first to market so whoever comes after us Is always going to be compared to us and given that there's not a lot of tin resources left in the world we will be one of the biggest, so, you know good luck to everyone else."(note wry smile!) "Over the last decade or so with tin prices really strengthening, a good time to get involved" "Absolutely yes, I touched on it earlier on. The versatility of tin, especially in your energy storage units the lithium ion batteries the tin is really coming of age." http://www.proactiveinvestors.co.uk/companies/stocktube/8343/afritin-plc-has-its-eyes-on-becomin

Once again thanks to 1210 for posting the link last night to the AV stocktube interview. AV stocktube 09.11.17 interview transcript. "Big day for you, first day of trading on AIM today." "Very exciting." "A good place to start. Tell me more about your flagship project in Namibia." "So ... we've got the old Uis tin mine which was owned by Iscor, the Iron and Steel Corporation of South Africa, back in the late 80's. It was at one time the largest open cast tin mine in the world and what want to do is to bring that back into production and plug a gap in the world market for tin supply. There's a decreasing supply of stocks in the world tin market and there's not a lot of new product or new mines coming on stream and we believe that Uis has the capability of coming in as a low cost producer and bringing product to market as quickly as possible." "They key here is getting back into production. What needs to be done between now and then?" "We've got a small pilot plant in operation and what we are looking at doing is up scaling the pilot plant to an economic rate of production and at the same time that will also enable us to further our studies to form a bankable feasibility so than we can upscale plant incrementally to full scale production." "What kind of production are you targeting initially?" "Initially the plant should be able to produce about 65 tons of tin concentrate per month but then from full scale plant we are wanting to scale up to 5,000 tons of tin per annum, which is a little more than over 1% of the world's tin market." "What is the resource estimate for the project?" "There's no current JORC estimate but there was a historic report done by SRK in the late 80's, so in order to bring that up to modern JORC requirements we have to do a bit of confirmation work. The resource was 73 million tons of ore at a grade of 0.136% gave us a resource of 95,000 tons of contained tin, which in the junior space is one of the largest ones. And so gives us a competitive advantage and a compelling story to come to market with." "You mention there the ambition to become a low cost producer. I was always under the impression tin was reasonably capital intensive to mine. Is that not the case?" "It is but if you look historically at where the tin mining has gone, it's largely underground. 56% of the world's tin mines are underground mines. Some of the new mines are in difficult jurisdictions. To get a new mine up and running takes a large amount of capital. From our perspective we've got a large opencast area of old mines that were already pre-stripped so from a stripping ratio point of view it gives us easy access to raw material. From processing perspective the historical recoveries were fantastic - you were getting 80% recovery of your cassiterite crystals. That's a low CapEx plant, it's all mechanical so you don't have many

Correction "... can't find any such promise"

London you are correct in that they said going into full production this week. Can you show me where they promised an RNS this week? I've searched and can find any such promise. As wanderlust posted they will perform testing to "optimise production and ( this is the key part) provide an update in due course". So they have not promised an RNS this week but "in due course". So let's all be patient and not misinterpret what the company have said.

Thanks 1210.

Kevkan just to add to that I have just checked my BMN account and it has exactly the same charge in it, only this time with a minus sign in front. Not entirely sure what they have done but one figure cancels out the other. You will probably find the same.

Kevkan I have something similar so, feeling peeved, I rang them and was told that it is not a charge to me. They did give some vague explanation about charge split from BMN to AfiTin. Not sure exactly what they meant. Anyway I was very persistent about whether this was a charge to me and was assured it is not. That is all I can tell you.

Just to clarify, I haven't been charged anything.

Thanks Nick. Yes just spoken to HL and they said the same. Panic over!

Thanks for spotting that LS. I am very annoyed with HL. They certainly did not tell me about this charge.

Yes HL showing that as an increase of nearly 17%. Nice. Follow on from ASX? Perhaps the dual listing is starting to work.

Correction: "... I know how you feel ..."

Hopefully London we will get good results from Lidsey and Brockham that might push the sp to a level that would more than pay back your investment. I wish you well on that. I now how you feel as I have a small number of investments made when I first started with shares and was very naive. Now sitting on 90% losses on paper on those. Only one however was a significant sum. I don't post there - absolutely no point in complaining. I think it highly unlikely that I will ever get much back in those. However DOR in my opinion is different as good commercial oil should made a significant difference to the current value of the company.

You still here London? Thought you would have sold by now.

Interesting that the 15% rise on ASX followed the smaller rise here yesterday. I would be happy if the markets keep that up! Anticipation of Lidsey results maybe?

I see where you are getting your info from raffym. Perhaps AV has caused a little confusion by clearly stating in the interview that they are targeting "... 5,000 tons of tin per annum ..." That is quite different to 5,000 tons of 60% concentrate per annum, not just in terms of production processes, but also revenue. Perhaps a slip of the tongue on his part? Or a key change of strategy?

For those interested in costings thus extract from the Mokopane Scoping study is interesting: "For a Base Case production scenario of 691 ktpa Run-of-Mine producing ~700 tpa of 99.5% tin metal (from 1,380 tpa of 51.4% tin concentrate) (the "Base Case"), the Scoping Study delivers robust post-tax economics (i.e. after a corporate tax of 28%, a withholding tax of 15% and a maximum royalty tax of 5% - September 2014 money terms, discounted to 1 February 2014)" So starting from scratch and targeting 700 tpa of tin metal, CapEx was $16.7 million at Mokopane. I am not sure how at Uis that would relate to upgrading and increasing production facilities at an existing mine for a production target of 5000 tpa tin? However from AVs comments that will be an ongoing process with some commercial pilot scale production providing revenue.