Afritin Mining Share Discussion Threads

[3ootuk] 21/9/2021 09:19

One month shutdown expected for upgrade next year. Probs do lots of other maintenance too

[koolio] 21/9/2021 08:03

Phase 2 expansion was estimated cost of USD 16.2mil. Some of the money raised in the placement was used to close loan notes, that was always their agenda. It’s good that they have strengthened their banking partner in county and have placed the bank grantee with the power company. With the return on capital invested it makes no sense for a mining company to be sitting on cash. Happy to hold.

[jp2011] 21/9/2021 07:25

I'm slightly confused, was the GBP 13m for expansion and now they raised 3.5m just for stage 1 phase 2.

[megaman2] 21/9/2021 07:13

Excellent news to see atm taking on debt to part fund the expansion and confirming a timescale for phase 1 expansion completion. Anyone have an idea of how much capex will be required to fund the the much larger expansion to 10000 plus. I'm going to guess at $100 million?? No idea really. Some dilution is inevitable but the rns indicates the new lender may well participate as a long term partner . The less dilution the better . If Tin prices stay at this level it will be a bonanza and then there's the credits for the other potential byproducts!

[lasata] 17/9/2021 14:24

Tin prices ending the week strong......... Mark Thompson @METhompson72 · 4h #SHFE spot #tin contract at RMB 260,300 - that is $40,300 LME spot at $34,300 This arb cannot stay open indefinitely - but surprisingly very little metal flowing into SHFE. That is because METALS IS NOT AVAILBABLE as consumers need it more.

[3ootuk] 13/9/2021 08:16

Good production update showing increased process yield and reliability of plant.

[lasata] 10/9/2021 11:40

MT follows tin prices closely https://twitter.com/METhompson72

[lasata] 10/9/2021 11:37

Tin prices on the move again......... https://uk.investing.com/commodities/tin-streaming-chart

[lasata] 08/9/2021 08:14

https://agmetalminer.com/2021/09/01/surging-battery-metals-demand-squeezes-supply-sibanye-stillwater-says/?

[megaman2] 08/9/2021 06:52

It's an exciting story here especially with the credits but if they start issuing shares like confetti and finance deals with clns the p.i. wont get true value .

[megaman2] 07/9/2021 12:52

Similarities to bmn it will likely take years to move forward if it follows a similar path ...they call it "aspirational" the cynics call it b.s.

[allonblack] 07/9/2021 10:55

There is a trend with this company to put out rns with vague promises of projects to come with no substance on cashflows today. Im out. GLA.

[jp2011] 07/9/2021 10:52

Completion of phase 1 to 1200t Sn and a pilot plant for Tantalum will create cash flow which in turn will make it easier to raise debt finance

[megaman2] 07/9/2021 05:38

Whilst atm Is cash flow positive it will require more capex (an unknown) for its significant expansion and tantalum and lithium oxide processing . Folk will be wary of more dilution hopefully they can fund by debt.

[3ootuk] 06/9/2021 15:06

The tantalum pilot plant scheduled for Q4 2021 basically means very soon. That's excellent news that its moved from lab work to an actual scale up plant.

[megaman2] 06/9/2021 11:47

It's bushveldesque im off if vijoen starts selling his shares for tax reasons

[dunns_river_falls] 06/9/2021 10:41

Really poor RNS. Lots of words to say almost nothing. Considering all the presentations where we are told about the piles of lithium, chucked aside, how hard is it to get that processed and sold. Really expected more after all this time. When will the revenue streams kick in? How will this drilling campaign be funded? Existing cash? How is the programme to increase Tin production progressing? Come on! You are sitting on a world class mine of global importance. It's time to show us the money.

[tomboyb] 06/9/2021 07:12

https://www.investegate.co.uk/afritin-mining-ltd--atm-/rns/by-product-development---exploration-programme/202109060700077585K/

[megaman2] 25/8/2021 19:26

I've done some more research on the li02 and it's sold as a concentrate at 4-6 % . There is an outfit in Austria that are the biggest in the market and have grades of c1.6%. the concentrate sells at minimum $500 per tonne. With say 20% recovery it can add c$2 million top line revenue per quarter at current 125000 ore run rate no idea on cost to obtain concentrate.

[maverick247] 25/8/2021 13:27

https://spongeshare.com/2021/07/01/afritin-could-the-lithium-trump-the-tin/

[megaman2] 25/8/2021 13:26

The lithium grade is 0.63 % ? Is that correct or am I making some basic error ? Whilst the tin is only 0.134% ? I started to do some basic figures for revenue assuming they can recover 50% but the result was ridiculously high and I'm too embarrassed to share as I must be making some assumption wrong.does anyone else want to have a stab at potential revenue for lithium oxide ?

[weyweyumfozo] 25/8/2021 13:18

Http://afritinmining.com/wp-content/uploads/2021/07/Form-of-Proxy-2021.pdf

[lasata] 25/8/2021 13:01

Any important resolutions?

[koolio] 25/8/2021 12:37

Sounds a wee bit off. Battery grade Lithium Carbonate extended gains to 92,500 yuan per tonne, the highest since August 2018