Member Info for raffym

lack of TR-1 may well be because the II hold less than 6 million shares. they may have dipped their feet into BMN but have not yet jumped in properly yet.

My reference to rude was with respect to your first comment (wake up) not your second. Anyway - move along now - I am.

Handbag withdrawn.

We seem to have more rude investors nowadays - I guess it was to be expected given BMN's progress.

The subject title is Webinar and the header for the list said 'Here's the investor breakdown', not Institutional Holdings. You need to read carefully - it's not difficult.

'You have to ignore the brokers their holdings are meaningless' - No they are not - they give an indication of PI holdings.

Dog? Suspect not - time will tell. I suspect the price is just dropping due to PI sales, plus BMN is starting to look cheap. I'm tempted to do the same, but will give this company chance, as once the pilot production ramps up next year this could easily double from here.

The feasibility study is currently funded and will need to be completed before ATM can raise finance, so any dilution will not be for a while. meanwhile the pilot plant can ramp up production and provide a some revenue that will help for leverage for finance. As for the share price - I suspect that will carry on drifting down as PI's sell their freebies.

iii - The 10th Nov.

Miton Group hold 11%

I'm with II and I have my allocation (and will be adding to it - it's just a matter of trying to get the timing right).

I'm surprised it's that high, however I'm not unhappy about it being that high. Thanks Nick.

Thanks Typhoon, I missed the obvious.

I couldn't find the reference to the smelter Typhoon - a pointer would be appreciated.

Maybe there is not as much profit from smelting. Looking at this, albeit small scale, crowd funded tin refiner, the guy was looking at �1420k per 1 tonne profit. I realise that this cannot be compared with industrial scale smelting however it does give an insight to small scale smelting, i.e. potential buyers of 60% concentrate. http://www.crowdfunder.co.uk/tin-refining-smelting-project

'Tin' is easier to say than' 65% tin concentrate', and makes a better headline. There is still a decent profit in 60+% concentrate, otherwise they wouldn't bother. It certainly is a lot cheaper to produce than pure tin, and there is a market - it's just difficult to find the pricing for that market.

Uis upgrade to 5000 tpa (of 60% concentrate :-) ) was estimated to cost �21m.

Mokopane scoping was for a pure tin play - UIS is a 60% concentrate. I'm just trying to value UI's at the moment.

The target is 5000 tpa of 60% concentrate according to the corporate presentation. Hence my original question.

I'll rephrase it - 60% tin concentrate. I was under the impression we were going to produce 60% concenrtate (aka cassiterite) as opposed to 99.95% tin (ingot). Its cheaper to extract and produce, although obviously it is worth less. We will also be producing some ingot, but on a smaller scale.