Member Info for Pdub

AV does say they are targeting 5000 tpa of tin. Make of that what you will.

Fatbanker I have a degree in geology but I can assure you your explanation was pretty good! Cassiterite when processed is indeed low bulk high value, and therefore transport issues and costs are less.

Hope some find this useful. AV 09.11.17 transcript Brrmedia interview "Anthony first of all congratulations on your listing on the London Stock Exchange today." "Thank you very much" "Maybe you could start by telling us a little bit more about the company and the assets that you have." "AfriTin is a demerged asset from the very successful Bushveld Minerals. We are looking to recreate that success in the tin market and build what we are going to call the African tin champion." "Now tin as an assets. Tell me a little bit more about the metal and the potential as you see it." "Tin is a very versatile metal with strong upside from a demand perspective but very constrained supply. There's no new big tin mines coming on stream. We are going to be one of those." "So tell me about your asset you have in Namibia. You are reviving one of the largest open cast tin mines in the world." "Yes the mine was owned by Iskor the Iron and Steel corporation of South Africa. It was one of the few ... as you mentioned ... large scale open cast tin mines and what we want to do is use the economies of scale to become a significant producer of tin in South Africa." "What stage is the project at the moment?" "We have pilot scale production. What we want to do is expand that into commercial scale pilot plant, and then from there on we want to roll out full scale production of 5,000 tpa of tin." "So is that the purpose of the raise?" "Yes. Absolutely. The raise ... we want to advance our objectives as quickly as possible and obviously look to use that information to become a significant producer of tin." "So what infrastructure is in place at the moment?" "So Namibia is a historic mining jurisdiction. It's well serviced with roads, electricity, water and port infrastructure, but tin is not a bulk commodity so it doesn't need a large scale road and rail infrastructure." "The project obviously has tremendous potential. You are fully permitted, you've got near term production and you are only using a fraction of your footprint." "Absolutely. So what we are looking to do is start with the enhanced pilot plant. That gives us optionallity to expand to expand our footprint quite dramatically and look for high grade zones." "So for new investors and potential shareholders what's the message as you move forward?" "It's a unique opportunity to participate in what is going to be one of the only pure play tin listed companies on AIM where tin has been one of the best performing metals on the LME for the last couple of years."

Faramog I have posted previously that HL told me that it would take a day or two shares to appear in accounts from the time HL had confirmation. So likely tomorrow but could even be early next week. No one can give a more definitive answer than that I'm afraid.

now showing. See tab above.

Just thought I would pull together info about the history behind the acquisition of the Zaaipllaats tin tailings dump in order to demonstrate how FM / AV are great strategists. Zaaiplaats tailings dump owned by Zaaiplaats Mining. 25.03.14 BMN to acquire 87% of Zaaiplaats Tin tailings dump for R10 million (�559,000) 16.09.14 BMN decide not to continue with acquisition 24.11.14 Lemur announce share buy back scheme 17.03.15 Lemur to acquire 99.1% of Zaaiplaats Mining for R2.5 million 20.05.15 BMN announce takeover offer for Lemur 29.09.15 BMN announce takeover of Lemur resources complete. Lemur Assets included: A$12 million in cash, Zaaiplaats Tailings Dump, Imaloto coal project, binding term sheet to acquire Brits vanadium!!! 09.11.17 AfriTin acquire all BMN tin assets PLUS extra 43% of Uis and approx �3.5 million from placing. Now this timeline is interesting in that BMN showed interest in Zaaiplaats tailings dump but eventually pulled out. Six months later, Lemur announce that they have acquired the tailings dump but at 25% of the price BMN offered and for a larger %. During that same period Lemur begin a share buy back scheme which over time increase the % of Lemur owned by BMN but at no cost to BMN. Then BMN launch and complete takeover of Lemur. The cash in Lemurs bank account more than covers the takeover with plenty of cash left, and thus BMN effectively acquires Imaloto and Zaaiplaats tin tailings for apparently no cost. Brilliant strategy. Oh and of course the acquisition of Brits was kick started by Lemur and some think that had a role to play in the Vametco negotiations. I give the information above as just another example of the clever strategies being played out by FM / AV. In my opinion FM and AV work very well together and with those two in charge of BMN and AfriTin I am very confident about the future for both companies. All of the above is just my opinion and I am happy for any factual errors to be corrected. Regards. Pdub.

Must be a proud day for Anthony. I wish him good luck in this new company. First time I have been a founder shareholder too! Regards. Pdub.

"AfriTin, a newly formed company which has acquired the tin assets of Bushveld Minerals Limited ("Bushveld") in Namibia and South Africa, is pleased to announce that Admission and dealings in its Ordinary Shares on the AIM market of the London Stock Exchange commences at 08:00am today, 9 November 2017, under the ticker symbol ATM. A placing and subscription for existing and new institutional and sophisticated private investors raised gross proceeds of �3.5 million with a further �1m raised from convertible loan notes that convert on admission, bringing the total amount raised to �4.5 million. On Admission, the Company will have 297,464,888 shares of nil par value in issue. AfriTin is expected to have a market capitalisation of �11.6 million on Admission. The Company's Admission Document will be available from Admission, on the AfriTin Website: http://afritinmining.com. WH Ireland is acting as the Company's Nominated Adviser and sole Broker." Note that there is more info in the RNS

Welcome Dazzle.

Clarification given. Redemption date 09.11.17 Demerger Record Date 08.11.17 Combined BMN / BMN shareholder stake in AfriTin 41.9% Also clarifies consolidation of our shares in AfriTin as predicted yesterday, and stresses that this represents same proportion of shares for each shareholder. Sound like everything back on track. And remember for this we are not just getting the 42% of UIS already owned by BMN but now AfriTin will own 85% of UIS plus the placing cash. So our dilution is for those reasons!

In case any missed this from Telegraph on 22 October. Nice article on AfriTin and Uis: http://www.telegraph.co.uk/business/2017/10/22/tin-miner-brings-namibia-project-aim/

Interesting bit of history about AfriTin's Uis tin mine in Namibia from this link: http://www.namibweb.com/uis.htm Excellent read on the background to the Uis mine, but I also like this quote: "The tin-bearing pegmatite at Uis lies in a 32 km wide schist belt stretching from Uis to Cape Cross, over a distance of 130 km. Uis is probably the largest tin-bearing pegmatite in the world."

Baits posted on ANGS that oil now $63. Positive news. Oh and a 5% rise on ASX is not bad, given that ANGS today up 1.26%. So all in all panty to smile about.

Ah my opologies for previous post. Please ignore it. Just me confusing DOR and ANGS bb's.

This is from the transcript Of Paul Vonk's 121 Presentation which I posted on Saturday: "55% of the company is held by the founding shareholders and directors. 45% is in free float which was placed in November last year and increased in February when we increased our acreage position. So a strong alignment, and from what we understand from our broker a lot of the original shareholders are still in there. We IPO'd about 6p, currently around 26 - 30 p and we believe there is quite some upside left in that."

Liked that RNS very much. All starting to get very interesting. Pump soon fixed and then production this week?

Morning, looking forward to exciting future with AfriTin. Regards. Pdub.

Sorry Captain but you really do talk nonsense sometimes. I look forward to the day when you any other miseries on here sell up and give us all a rest from the negativity and arrogance. Have a nice weekend.

We expect quite a decent amount of associated gas which we'll run through the generator and in order to sell the electricity we need to put a grid connection in place. That will take us a few months and then in q1 we will start it up, which could potentially be transformational. Lidsey is the well that we just completed this month. We are putting it through production in the next few days. We moved the rig off site last week. The objective was its a reservoir that has been producing there for about fifteen years. It's low rates. When we acquired it in 2012 we re-mapped it, we found out that the original well that was drilled by our predecessors just missed the reservoir, it's all the way at the edge. So the objective was we drill a nice horizontal well 1500 m long of which 443 m is through the reservoir in the horizontal grade layer. This will be a stable cash flow producer. It will make the company self funded for the next 5 years in itself. So we drilled the well on time on budget. We are switching it on in the next few days. The expectations of the independent auditor that we used at our IPO, if the well produces anything more than 250 bopd we expect 400 the company will be self funded and we don't have to go back to the market unless we have growth opportunities which we think will be accretive for our shareholders. 55% of the company is held by the founding shareholders and directors. 45% is in free float which was placed in November last year and increased in February when we increased our acreage position. So a strong alignment, and from what we understand from our broker a lot of the original shareholders are still in there. We IPO'd about 6p, currently around 26 - 30 p and we believe there is quite some upside left in that. So in summary Angus Energy we are an established low cost producer. We've got a proven track record of delivery. We drill our wells on time, on budget and especially with the Weald Basin we have a large upside potential which can be transformational for our company and for the UK, and those well will be switched on next year." Posted as ANGS are the operator at two of DOR's key sites. In my opinion that all sounds very positive for DOR. Production in next few days at Lidsey!

So in January we drilled the sidetrack at Brockham. We drilled that because the Horse Hill well that we drilled in 2914 had two objectives: the Portland field we knew extended into Horse Hill and there was a deeper gas target. So we drilled in 2014, it was the deepest well that was drilled onshore in more than 30 years. Unfortunately the gas wasn't there but in order to reach the gas we drilled through a lot of shale and about 400m of which was the Kimmeridge layers. Well in America there has been a big shake revolution over the last few years, so we sent the samples off to America and said can you tell us whether the shale us good enough and they came back and they said 'it's awesome, it's really great.' The problem is you cannot frack in the UK, well it's not easy, so we said it's nice that we have a good shale but there's not much we can do with that, but what we did have in it was three limestone layers in it. So the idea was at Horse Hill which we tested in 2016 is we perforated those limestone layers. We wash it out, increase the surface area and hopefully we will get like a barrel or two to surface so we can prove that we've got moveable hydrocarbons. Well what happened is that after we perforated it each layer of 20 m flowed 700 barrels so on aggregate 1400 barrels came from two 20 m limestone layers layers in Horse Hill. This happened in March 2016. We had a very bad balance sheet at the time so we said well ok we sell out our minority stake in Horse Hill and we focus back on Brockham. So detailed logging results that we got back from our well in January, we reported this to the market in March and what we found is a 385 m thick Kimmeridge limestone layer and we wanted to know is Brockham the same as Horse Hill, because Horse Hill flowed and are the characteristics that we have at Brockham the same. We did data sharing deal and we found that the maturity is exactly the same, the Kimmeridge is thicker, we have great organic content, we've got gas shows and most importantly it is filled with fractures. 200 m of that is naturally fractured so we ran the ultra wave logging tool through it and you can see he interbedded shale limestone layers in the Kimmeridge, and those fractures that is where the oil is. That is why it was missed in the past. It's like tight but the oil is there. Our colleagues at UKOG drilled the Broadford Bridge well earlier this year. They cored it and the core showed that in a well 30 kms to the SW of us again it's naturally fractured shale / limestone layers and hydrocarbons are in the fractures. So what we were waiting for after we drilled the well in January and we got the results in March, we asked the OGA to put the well into production from the Kimmeridge. They approved it last week Monday. So we are very happy because that was the last regulatory consent that we required. We are going to perforate a 200 m section and start producing from it the moment we've made a grid connection.