Member Info for Safaniya

Clearly there’s some in situ testing of the boreholes at a minimum it’s wireline logged to confirm verticality, I would assume that they have a core store and on-site logging facility also, so before any lab results are released from the assy lab a fairly accurate description and estimate can be made of mineral content by on site geologists.

Don’t take the bait Richy, 1 Incher isn’t worth it.

Also note that a prominent politician has bought a controlling interest in Northam Platinum in the biggest deal in SA mining for years.

https://www.newsday.co.zw/opinion-analysis/article/200040277/northam-platinum-zelenskys-surprising-move-into-the-mining-industry#:~:text=Volodymyr%20Zelensky%20has%20acquired%20a,South%20Africa%20in%20recent%20years.

I guess that they feel comfortable enough with political stability to be ploughing cash into their new projects, they have just completed pay raises etc for their employees.

You might be proven right at some stage but I’m still a happy holder

It would be nice to have clarity on the progress or obstacles that we have on the CI 2/and ore sorters, I keep telling myself that ACAM would not have invested after making a site visit unless they were satisfied with what they were seeing 1st hand, that said AV needs to make it clear where we stand

Rgbuk, Likewise underwhelmed by the update, never mind, give it another 6 months

I’m under the impression that Rhodium is at a 20 month high and that Amplats are buying from small producers.

https://www.mining.com/web/rhodium-market-hits-20-month-high-after-amplats-bid/

Our PGM basket is heavily weighted towards Rhodium.

Munnie Torx: Is your “Strong Sell” tag based on any analysis of the business fundamentals and metrics of assets or are you taking the view based upon your view that Market Makers can do what they want?

Well said CCC, I’m a fan of the management here. Civil works on the tin pilot plant began in June 2018 and 1 st tin Concentrate August 2019. Even if you ignore the COVID fiasco they have done amazingly well in 6 yrs. (not 8)

To be fair ATM have done a great job of securing the funding to keep progressing the expansion process and the drilling. A strategic partnership announcement would be nice but I’d be happy with an off take agreement for lithium at the moment.

What I am reasonably sure of is that now the communication between company and investors are returning we won’t be left guessing for much longer.

I’m with TDT on this one. If anything had changed the company would have released a RNS, negotiations with final binding offers are progressing. All the fundamentals for the business are improving and the minerals aren’t leaching into the soil so what has changed. Nothing. Still a good thing as far as I can tell, happy to hold.

Peking; But you are still invested and no doubt will stay with ATM despite your view on AV which I think is slightly different than the majority.

A take over would be a great shame for all those that have longstanding interests imo; but everything has a price

Am I the only one here that thinks if they could tell us something about the situation that they would?

The saying marry in haste and repent at leisure is probably true and if AV and the team are negotiating the prenup so we don’t get shafted down the road I’m a happier man.

TT, you are correct about the tungsten price but Tantalum is about $270,000 per ton. $270 per Kg.

Nice to see some news, I opted the line “ Brandberg West is currently the only Namibian exploration licence within the Company's portfolio. ” Is this a typo or have I been asleep and missed some other news?

Stan achy; clearly you know more than the recent investors, banks and brokers who have said.

We note that even in a scenario attributing zero value to the Phase 2 scale up, we would arrive at a SOTP of 16 GBp per share, ~2x the current share price.

DFTS; Art hasn’t done any research, clearly looked at today’s runs and thought it’s a high MC for a new discovery; hasn’t realized that that’s the 2nd license and the 1st is already cash generative and expanding rapidly. If he does decide to look into this share he will probably decide that we look far too cheap.

Not much stripping to be done to get at the pay dirt and along 4km. That’s nice…

Love that the promo poster says “Africa’s next biggest Lithium and Tin mine.

https://x.com/cominesnamibia/status/1693898610578960436?s=46&t=IHfWJFOvP3NnEWLgLIM5ZQ