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Alphamin Resources Corp V.AFM

Alternate Symbol(s):  AFMJF

Metals & Mining Industrial Metals & Minerals
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. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.


TSXV:AFM - Post by User

Alphamin Resources Corp > Tin down 20% Huge market correction happening
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Comment by geezer21on Mar 10, 2022 9:09am
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Post# 34502504

RE:Tin down 20% Huge market correction happening

RE:Tin down 20% Huge market correction happening
Current LME tin price not down 20% (The article you took that from likely quoted some transitory interday move due to the panic in nickel squeeze) that can not hold up in the tin market as it is a small market. The rise in tin price has been orderly and ongoing since March 2020 due to a rise in semicondutor demand and a shortage in supply.  The rise in the price of tin is not the result of sepeculation in the market.

Here is link to LME today:

https://www.lme.com/Metals/Non-ferrous/LME-Tin#Trading+day+summary

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