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Share Name Share Symbol Market Type Share ISIN Share Description
Afritin Mining Limited LSE:ATM London Ordinary Share GG00BD95V148 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 6.10 6.00 6.20 6.10 6.10 6.10 1,993,363 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -1.8 -0.3 - 53

Afritin Mining Share Discussion Threads

Showing 951 to 974 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
07/4/2021
12:44
"“The concentrate stocks are at zero”, he says, “which means the maximum metal supply equals mine supply. It also means that metal production is dropping because there is no more draw down on concentrate stocks possible.” We saw what happened with China in the 2000s, and a plethora of other countries want similar economic growth. America’s infrastructure needs rebuilding and increasingly interventionist governments the world over are getting involved in infrastructure spending of one kind or another to make themselves popular and secure their re-election. We talk about the rise of the Asian middle class, but it hasn’t finished yet. And there’s the African middle class to come, not to mention South America. The large mining companies have relied on acquisition rather than discovery. The smaller companies are finding it increasingly difficult to make discoveries. True elephants (huge deposits) are more and more rare, especially in accessible places. The quality of the grade is falling. The bottom line is this: there is not enough metal. There hasn’t been enough metal for a long time because there has not been enough investment. Why? The money has all gone into tech – scalable tech. There is one thing that will solve all of this: higher metal prices. I rather suspect the bull markets we have seen this past year are just the start. We might well now be seeing the physical economy starting to make a comeback.
lasata
07/4/2021
12:44
Dominic Frisby....Moneyweek "Never mind the impact Covid-19 has had on supply chains: coronavirus is the great accelerator. Stuff that was going to happen anyway has been brought forward – and metals prices have been rising. I’ve spent a lot of time on the phone this past week to metals traders and dealers. You might not think so to look at the gold price, but at the precious end of the market, physical bullion dealers are reporting unprecedented demand. One of the biggest US dealers has seen its turnover go from from $651m to $1.5bn to a record $3bn in just the past three years. There’s a similar story in Germany. Talking to one trader from the floor of the metals exchange, he says this bull market is way bigger than the one we saw in the noughties. “I’ve been here since the 90s. I’ve never seen anything like this. Tin. Copper. There is just no excess stock in the concentrate markets.” Just to explain that term, mines produce “concentrates” and sell to smelters who produce metal. The concentrates markets are rather opaque to outsiders; the surplus or deficit between mine supply and metal consumption gets hidden there as concentrate stocks go up and down."
lasata
06/4/2021
13:33
Probably....looks like a flag has completed on the chart......
lasata
06/4/2021
12:40
Ready for the next leg up I think?
a2584728
06/4/2021
07:28
Tin prices very firm today......
lasata
01/4/2021
19:40
China smelters halt production hxxps://www.internationaltin.org/china-smelters-halt-production/ The ITA think this "is unlikely to be a significant issue for the Chinese tin market" due to current SHFE stockpiles. Obviously it all depends on exactly how long the shutdowns last - tin could get very jumpy again!
outlawinvestor
01/4/2021
08:57
Bit of a pullback, and hitting the bottom of a rising channel around 5.5p We need news on tantalum to start the next leg up.
3ootuk
27/3/2021
13:34
I would have thought Afritin would produce a rough lithium concentrate initially, then sell that off to a refiner. Price is lower than battery grade, but then do we need a battery grade plant? That Mello interview was excellent. You get some companies that explore and explore, firing the confetti cannon to raise money with shares, building a jorc, but then not having any money to build plant. Yet here you get what is going to be a world-class business who are already producing, and meeting/beating their estimates.
3ootuk
27/3/2021
13:31
Btw, Bacanora will only start producing Lithium in FY 2023 and the Mkcap is almost three times of Afritin. This may be due to its size of proven reserves, technology and involvement of Ganfeng.If Afritin start producing battery grade Li in FY 2022, with the current elevated price of Li, the profits will be well beyond current expectations.
wali19
27/3/2021
13:23
Pparekh, Afritin is planning to extract Lithium Oxide which is not a battery grade material.Bacanora Minerals is in a similar position with Lithium but they sucessfully developed a technology and coverted LiO to LiCO, the battery grade Lithium a couple of years ago. Now Bacanora is constructing a plant in Mexico with one of the largest Chinese Lithium producer, Ganfeng.If Afritin can get a partner like Ganfeng, with so much resources in the UIS area, the Mkcap will increase multifold.The only challenge is to develop a capability to extract Li from the raw material which has not proven yet, I think, as further tests are required.
wali19
27/3/2021
01:04
@wali19 - also very pleased about the lithium. 75 million tones at 0.65% is the resource that is currently just getting disposed of. Anyone know how this lithium resource compares to other lithium companies with a similar type of lithium resource? It is fairly low grade but with the right technical expertise applied, apparently this grade can be increased significantly. Holding long and strong! GLall
pparekh20
26/3/2021
10:13
I better hold on then :) roll on 10p +
ukgeorge
26/3/2021
10:11
The Tin and Tantalum operations update in the next RNS would easily drive the share price to the new highs, particularly any news on the sale of Tantalum.I am more interested in the Li. Any positive news about he development of Li circut and operations in the near future would take the Mcap to 3 times from here id jot more.
wali19
25/3/2021
20:09
I can’t imagine that the daily fluctuations in Tin price would scare people or investors in to selling. I believe Afritn have produced their guidance on $19000 per tonne so everything above that is a bonus for the company. We have been having an amazing run and this dip will only scare the weak hands and the under researched. Happy to hold.
koolio
25/3/2021
09:24
hTTps://markets.businessinsider.com/commodities/tin-price Tin prices were down 5% yesterday
ukgeorge
23/3/2021
17:03
Given the run we have had, this is to be expected.....hopefully the buying comes back soon and we can get to 10p. Such a great story, good commodity to be in and lots of potential
ukgeorge
22/3/2021
14:31
And tin prices looking firm again today..........
lasata
19/3/2021
23:07
Cash price of tin up 5.5 percent today. hTTps://markets.businessinsider.com/commodities/tin-price
jonshevlin
19/3/2021
11:02
Thank you ....that is an interesting presentation for sure!
lasata
19/3/2021
09:45
Great presentation, starts at 2hrs 32 min for those that have not listened yet. hTTps://www.youtube.com/watch?v=i3qaKKUhlRA&t=9412s
ukgeorge
19/3/2021
08:44
I was expecting the share price to jump a bit this morning, following that presentation, but it hasn't. That's good actually, because my overnight order for a few more was filled at a lower price than I was expecting. Just need some more media exposure now. Maybe Moneyweek will do a follow up to their piece on the company two weeks ago?
diamond1
18/3/2021
22:37
Diamond, Yes I’m aware of where they are at present as he says himself the process engineers won’t complicate things. But they won’t want to mess with anything until they are certain there won’t be adverse effects to tin production. My point was more that when they do start processing the tailings and ROM for the lithium could we expect to make over 15M a year from a bi- product?
koolio
18/3/2021
22:26
I've started link at point of AfriTin presentation... Been watching these for while thanks for link.. hTtps://youtu.be/i3qaKKUhlRA?t=9412
beeezzz
18/3/2021
21:51
Koolio, They haven't got the facilities to process the Lithium yet, but they soon will have, and expect to be shipping within 12 months. They reckon they could have one of the biggest Lithium deposits anywhere. It all looks very, very good.
diamond1
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