Question29 Oct 2019 14:23
To those sitting on the sidelines thinking of whether to buy afritin mining ATM. CAN you afford to l loose £300 give or take a couple of £. Because that’s what it would cost for 10 thousand shares at current price. I know to some that is a lot of money (no am not taking the p) but if you can and forget about them for a couple of years. Then I really think/hope you COULD get back 10 times that as a number of others said it could/should reach when stage 2 kicks in. With the size of resources atm have and the mine life it’s really a fantastic looking long term investment IMO.
Will there be blips along the way? Of corse there will. I have never known a start up mining company not have problems. Have put up some rough figures of how much the three main resources that are currently in the ground of how much they are worth at current price. Do your own maths by looking at some of the rns,s. plus the fact there is another 100+ ore body that have not been explored yet. Some are saying that the funding for stage 2 is holding people back and I understand that. How that comes about remains to be seen. Personally I think it will be a combination of debt plus shares (dilution) but that is further down the road.
The bod is running ATM as it should be IMO. Not one for chucking out rns ever 5 minutes that says nothing. Stage by stage section by section and get it right. To many people want news every couple of weeks or so. Well they won’t get that here.
My main point is look at what’s happening around the world with the onslaught of battery teca and ev booming market that’s gathering pace. Read recently that Honda will go all electric by 2025. The materials atm have will be in even stronger demand for many years to come.
Not telling anyone what to do with your money as it’s yours after all. But I would say just think about it. Share price will go up and down along the way, but again in my opinion the long trend should go (hopefully) up. That’s why I have put some decent money into atm and one or two others mainly for the high demand for materials for said sector. Anyway all the best to all in what ever you decide.
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