Only one mm left on 12p. Full ask now paid so expect a tick up soon.
Sure this one has been mentioned before but might be worth watching over this coming week. EIA (environmental impact assessment) expected plus follow up drilling results due.
Just logged on to see a very nice surprise. For those that have been adding, well done. Should of logged on earlier as have a few shillings in the back pocket to put somewhere. Was going to add more in a tin miner I have in the pf. But looking like it's going into CMET on Monday. Enjoy your weekend guys. Have to go cold Turkey until Monday to see what transpires. Bloody weekends lol
Also it would benefit holders of the parent company. As very often you are able to buy shares in the spinoff companies at a discount. IE. Say the spinoff was valued at £1.00 a share for arguments sake. Very often but not always, holders of parent company would be able to buy at 90.p a share in the spinoff companies. Basically a share dividend. So inafect if spinoff companies do well so will you and parent companies. . If for instance the spinoff companies go belly up. It should have a lesser impact on the parent company. But obviously will have some.
Legalwolf this might give some indication of pros and cons.
https://www.referenceforbusiness.com/encyclopedia/Sel-Str/Spin-Offs.html.
There are others.
Well for me I will take the decision to drill a second hole in the same target area as a positive. To be repeated on the other two targets. If first hole was not that interesting, I suspect they would of moved straight onto the next target imo. Could be completely wrong of course. GLA.
RRR stock box interview. POW should be up soon.
https://www.pscp.tv/w/c-jXHjF6dktOV0pCa0pkamV8MU1ueG5sTUVyUGRHTxm0tQ4FgWACD5vyKLegPNTFMojqv12qzZfZGHyW_geK?s=09
Thinking out side the box. It could be another reason to drill extra holes. Maybe one or two of the bigger company's sent there own experts along to see the core samples. Then asked to drill more holes as we like what we see. Could be total rubbish, but possible
Makes me think that EIA is immanent.
We are very pleased to welcome Richard Stockwell to Capital Metals. Richard has a wealth of experience in the mineral sands industry and is a strong addition to our senior management team.
His guidance in mineral exploration, resource development and mine planning will be invaluable as the Company finalises the environmental and licensing permits for the Project and moves towards development and production."
One thing to remember guys and girls. The original mining operation closed down back in the 1980. (I think) Due to the fact of the tin price crashing. As the original operating company only mined tin it was no longer profitable. Now with potential 3 sources of income from one operation, tin tantalum and lithium. Even if there was a drop in say tin price. Afritin would still be a very profitable company when all 3 are being extracted. At current prices, just the tin is paying all the bills. If my memory is correct it was about $16.000 a tonne tin price was brake even point. Could be a bit higher. I know AV said $20.000 a tonne was making a profit. So even if tin went back down to $20.000 a tonne (can't see that happening for a long time with supply and demand not keeping up) with the other two products coming on stream later in the year. You have a very profitable business with a long mine life and expansion for bigger and better operations.
https://mobile.twitter.com/MarkEJFairbairn/status/1425415327698100224