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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
  -0.09 -1.65% 5.35 5.30 5.40 5.40 5.25 5.40 2,194,285 14:19:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -1.8 -0.3 - 60

Afritin Mining Share Discussion Threads

Showing 1026 to 1050 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
12/5/2021
10:44
PF...thank you. Heard the fund raising was 100% oversubscribed...what % of your application did you get?
lasata
12/5/2021
10:35
First question, I am clearly geographically challenged i meant North! Second question: My broker rang me up to tell me the offer was on and that they would try and get an allocation from the placing broker, I told them yes, gave them the number I wanted and on it went. I have four broker accounts, carbon based life-form ones, and two digital only accounts. My strategy is to buy on capital raises, because I almost invariable see them as a good thing, as above, then the strategy and thinking I have to do is all around the exit. The brokers advise on that and i put my own view in too. By and large I do not tend to buy in the open market.I dont have the ability and insight to make those judgements well, long experience has taught me this! Learning the hard way. That said occasionally I do.
paddyfool
12/5/2021
09:48
Paddyfool.....as a private investor how did you get an allocation in the fund raising?
lasata
12/5/2021
09:17
Paddyfool; Why would a boom drive commodity prices South, Surely demand would send prices North
koolio
12/5/2021
08:55
I think this raise has created a tremendous platform for this business to accelerate over the coming years. Every business can be accelerated by cash and every business can have the management distracted about whether to raise cash or not. So liberating this business from those distractions is a very positive thing. Management can now focus on driving the business forward. I think this time next year the share price will be multiples on from where it is now. We are almost certainly heading into a post Covid boom which will draw on natural resources and drive prices further north, also with the ability to extract other rare deaths from the mine and its outputs, just adds yet more. I partook in the raise substantially for me. I got scaled back but Im happy with what I got. I will be holding this for the forseeable. I also have a strong belief in the competence of this management team. So....cash in hand and competent management team with a great resource, a strong and increasing demand for its output of which there is a shortage on the planet...it couldn't be better.
paddyfool
12/5/2021
08:48
Think it has been taken well by the market
lasata
12/5/2021
08:31
To be fair, a lot of my commodity shares are raising funds (easily) to accelerate production on the back of rising sales price. Dilution is never nice, but this type of fundraising should be cash generative relatively quickly.
3ootuk
12/5/2021
08:27
The placing was not unexpected, there has been a mention of it being needed prior to phase 1 expansion. I’m glad that it’s out of the way and we will hopefully see the share price take the next steps. Just a bit disappointed at my timing for a top up earlier in the week. I would imagine that Hammman associates will produce a new broker note soon which will provide some information on time line. This management team are motivated bunch from November 2020 until now when they get the new project started is not long to have rested and reflected on past success. Happy to hold.
koolio
12/5/2021
07:15
Highlights Placing of 216,666,667 Ordinary Shares at a price of 6 pence per Ordinary Share ("Fundraising Shares") to raise GBP 13 million (before expenses). The price of 6 pence represents a discount of 12.5 per cent to the Closing Price on 11 May 2021. Anthony Viljoen, CEO of AfriTin Mining Limited, commented: "We are very pleased to announce today's oversubscribed Placing which puts the Company into a position to expedite the Phase 1 expansion of our flagship Uis Tin Mine in Namibia at a time of unprecedented high tin prices. We may not fall back to the placing price...
mold breaker
11/5/2021
21:20
"... The Phase 1 expansion looks to increase production by 67% and bring lithium and tantalum products on stream..." Good to see that the bi-products are still in phase 1, and not pushed back.
3ootuk
11/5/2021
21:02
Placing prices are often averaged over a period, but some ii might want a bigger discount. A fair few of my holdings are placing in order to speed up expansion as commodity prices increase.
3ootuk
11/5/2021
18:42
Miton Small Cap and Marlborough Nanocap funds maybe keen to top up....
lasata
11/5/2021
17:47
Yes, and if oversubscribed, depending on the extent of interest the placing price could be above 6p. And this time there are no warrants on offer! It's good they're not dragging things, simply getting on with it after the DFS.
outlawinvestor
11/5/2021
17:37
Makes sense and should go well
lasata
11/5/2021
17:33
Thanks Outlaw not too bad a discount, will be interesting to see how the share price reacts tomorrow, normally drops to the placing price but hopefully given the recent Tin price these new holders will want to hold for a while so might not been as extreme.
ukgeorge
11/5/2021
17:28
Proposed fundraising to raise approximately £10m https://www.londonstockexchange.com/news-article/ATM/proposed-fundraising-to-raise-approximately-10-m/14972680 Placing price and exact amount of shares to be issued will be confirmed after the bookbuild, but if all £10m is raised and all c.167m shares are issued that works out at 6p per share.
outlawinvestor
08/5/2021
11:36
FT "Elsewhere, tin on Thursday rose above $30,000 a tonne for the first time in a decade before easing. Tin is used to make solder — the substance that binds circuit boards and wiring — and is benefiting from strong demand from the electronics industry, which has been lifted by growing numbers of stay-at-home workers."
lasata
06/5/2021
16:49
Wow, July Tin @ ShFE briefly above CNY 200,000 earlier in the day!
outlawinvestor
06/5/2021
10:32
Wallet Investor rates ATM as a 'Very good' investment, with a twelve month price of 9.8p. hxxps://walletinvestor.com/lse-stock-forecast/atm-stock-prediction#:~:text=AfriTin%20Mining%20Limited%20quote%20is,up%20to%20%24326.61%20in%202026.
diamond1
05/5/2021
20:43
Yesterday's RNS made the headlines on FastMarkets' Metal Bulletin hxxps://www.metalbulletin.com/Article/3987854/Base-metals/AfriTin-to-expand-tin-output-amid-global-shortage-record-prices.html And was covered by the ITA ITA view: AfriTin‘s plans to expand the Uis tin mine come at a time when tin prices are reaching decade highs. Current LME prices are in excess of US$ 28,000/tonne, which according to AfriTin‘s DFS would increase its NPV by some 40%. This would bring the value of the project to some US$48.4 million, with a payback period of less than one year. Furthermore the DFS only includes tin products; the company intends to production tantalum and lithium oxide in due course. Overall, the expansion to the Phase 1 operations at Uis will help in “de-risking the expansion of the project into the much larger Phase 2 operation that is intended to be 6 to 10 times bigger than the phase 1 operation”, according to Anthony Viljoen. hxxps://www.internationaltin.org/afritin-uis-expansion-feasibility/
outlawinvestor
05/5/2021
19:13
Breakout. Blue skies 12p in 10 days imho
a2584728
05/5/2021
08:31
7p or above close should set us up nicely for further gains this week.
mold breaker
04/5/2021
11:38
Should be 10p :) great set of figures this morning
ukgeorge
04/5/2021
07:23
With an NPV that goes up by 4mil for every 1k increase in spot tin. At 32k the NPV is 65mil, the IRR is 81%. Remember the 16k per tonne includes all the associated costs involved in running the co. At current spot profit is 10mil before byproducts. Lithium is set to rocket with all these EV’s
bobbieblock
04/5/2021
07:18
Very short payback in current climate too. Doubling down on tin, but still waiting for byproduct news.
3ootuk
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
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