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Alphamin Resources Corp V.AFM

Alternate Symbol(s):  AFMJF

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production.


TSXV:AFM - Post by User

Comment by Jsaw44on Mar 09, 2022 11:23pm
47 Views
Post# 34501819

RE:RE:Possible LME tin squeeze happening

RE:RE:Possible LME tin squeeze happening

From the nickel page at the LME...

it would make sense if they did this to other metals once nickel gets fixed


Criterion (ii): Analysis of the possibility of netting off long and short positions prior to re-opening
15. Based on its market engagement, the LME recognises that market orderliness may be further enhanced by reducing the volume of short positions in the market (and from which participants would be expected to wish to exit as soon as possible on the Resumption Date, with a consequent upward pressure on price).
16. Accordingly, the LME will consider the viability of a mechanism to net-off, on a voluntary basis, large long and short position-holders on each Prompt Date for Contracts in Nickel, prior to the Resumption
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