Member Info for SickOfTheRatRace

"Trading on AIM for the under-mentioned securities has been temporarily suspended from 25/07/2019 7:30am, pending an announcement and publication of an admission document."

Well it's now been seven weeks "temporary" suspension waiting for an admission document. Does anyone believe this merger is going to happen?

I wait to be pleasantly surprised, in the interim my previous opinion stands. This will drift on to November, they will go bust and the "assets" pre-packed for a song. Lehman Brothers and the hope of Barclays riding to the rescue springs to mind - why pay over the odds for something you know is going to fail when you can pick it up for peanuts after the event?

mjb606 I think mentally writing this off is the best thing you can do. Even with current Vanadium prices being very supportive of VRFB where are the sales? Would you buy a proprietary VRFB with an expected 20-30 year life from a company on the verge of bankruptcy?

Investors have been continually shafted by management.

Fantastic news! To all the recent historical naysayers, perhaps it really is different this time?

Looking forward to flow rates.

I am not sure how popular this view will be but for me putting all the business areas in the last operational RNS was an own goal as it has removed at least two RNS releases from what is already a very thin regular release schedule. Accepting of course that Vanchem updates were/are expected and the board has plenty on the go to look forward to.

"Undoubtedly, tin price will see solid uptrend in the next 5 years when the production and demand for batteries goes up, especially from the electric car segment."

https://www.nst.com.my/business/2019/09/518184/future-bright-tin

Thanks to the wonders of Google adding a new place it is now possible to search Google Maps / Earth for Afritin Uis and be taken straight to the mine.

Obviously the standard map is of limited value as you will just see a solid colour but switching to satellite will reveal more.

Pretty sure several of us had long conversations about the practicalities of using VRFB for trains, ships and cars?

Fantastic, let the building start in earnest!

The tin price just shot up by $1,500 a tonne.

@steven49 we were worth 3.4p before we were producing any tin at all so there is nothing for the price to follow as we haven't declared any sales yet.

I admit when ATM started on this journey I was also somewhat concerned about the possible dilution in phase 2 and adopted a "wait and see" approach.

That was before I knew about the tantalum which in terms of mining costs is a game changer so increased my holding several months ago.

If confirmed we are selling effectively zero cost tin then even at 60 tpm or 720 tpa at $16,000 a tonne that's $11.52m in income - or half the current market cap!

Absolutely interested in your progress Pdub, pleased to hear they are proceeding once more. As for the nerves, unfortunately as I am sure you already know this is a common side effect. A colleague of mine had the same issue in his fingertips and was told unfortunately once it occurs it is often permanent, but not always.

Keep on the bright side though as I know you always do. Looking forward to a future beer.

I agree, a positive RNS and pleased that CASP provide regular operational updates.

Looking forward to the perforation and flow.

Not sure I agree with the sentiment "happy to build up slowly". It's only a two phase production ramp up. Pilot plant, 60 tpm, generate revenue. Second phase build the full plant, 416tpm (5000 tpa averaged over 12 months).

First phase shows lenders they can produce which gives them confidence to help fund stage 2.

Progressing to plan and well, imho. Looking forward to production numbers and info on tatalum recovery ratios vs tin so we can start building a profit forecast.

If anyone is interested the images on Google Earth have been updated (13/06/19). The circuit is now clearly visible.

Also available via standard Google Maps: https://goo.gl/maps/3oy6BsmdNXhL1fbT6

The point is that hindsight is a wonderful tool to have to back up an argument when you want to beat someone with a stick, those who believe it will get to £1/£2 etc were right before when we were 8p and predicted it going up and were being told that "top city brokers" were calling this back to 2p but you don't see LTH banging on about that every five minutes do you?

Equally on the other side there have been people saying this would be 2p/7p/14p in weeks etc take your pick. There are always those who are on the far edges. The price can go either way and hindsight is a wonderful thing.

If people are looking at BMN increasing production to 10,000 tpa and assuming they need a market to sell it all to I really wonder what attention has been paid to the company strategy over the last few years.

For me it is clear, BMN have no intention of increasing production to 10,000 tpa and selling this the same way they do now. The increased production is targeted solely for VRFB electrolyte and ultimately VRFB units supplied by Bushveld Energy. It is not going on the open market to steel producers it is going to move sideways to Bushveld Energy before being sold via leasing mechanisms that historically haven't existed.

Any trader working on the basis that BMN will suddenly contribute to a future oversupply in the historical Vanadium market is going to be burnt.

Ultimately the success of this will depend on the market being there for the volume of VRFB/electrolyte that is being predicted. Based on what we already know and can see with already announced projects and the clear unstoppable march towards 100% renewable supply around the globe, demand is going continue to outstrip supply regardless of how much production BMN can throw at the problem.

This is indeed fantastic news. The transition from explorer to producer is always the most difficult step and congratulations to the board and Afritin staff on the ground for this achievement.

Going forward we are now revenue generating and hopefully the share price will start to reflect that. The real juicy information will be when we hear more about the tantalum and how this will offset tin production costs. Future profits as we ramp up could be significant once other minerals are taken into account.

All the best Pdub, hopefully we can also meet up again someday.

The most recent information is the conference call. Questions were answered regarding all wells and progress. If they perforate A8 and everything goes to plan then news by the end of the month. It was stated that a perforation decision would be taken in consultation with partners "in the next few days" and announced. It's now a week later so hopefully that news is imminent - partners dependent of course.

Of course it is highly recommended for those speculating who didn't listen to the call, listen to the call. It's available embedded and as a download: https://www.caspiansunrise.com/2019/07/07/investor-and-analyst-conference-call/