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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. 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

Post by mrmomoon Apr 20, 2022 9:44am
241 Views
Post# 34616018

Listen to the experts......NOT

Listen to the experts......NOTThe fools or be led by emotions on this board. This rise in Alphamin'sstockprice due to two factors, a meteoric rise in Tin prices AND being artifically pumped by insiders, has created a PERFECT opportunity for shareholders who've been bagholding for a long time to exit with an excellent price point. You will probably NOT see these prices hold much longer before the stock price falls back to earth to more reasonable levels. So when in Rome, do like the Romans. Dump the stock as insiders will be dumping also. Don't get caught with not selling at these levels, you will regret it, i assure you. The only reason you should consider to hold longer is if you believe Tin prices are going much higher than they currently are. Which imo is doubtful. They are already way beyond even historical levels.

In addition & just for fun, i've even run some quick NAV numbers to give my fellow investors a guide on what possible value there is for s/h here. So you can see my intentions are sincere and have no ulterior motives. With about 160M lbs of Tin with an 85% interest in the project at current Tin prices and AISC, Alphamin with it's current 1,5B o/s would be fairly valued at about $1.25cdn. Not more. And remember folks, this is with CURRENT Tin prices at really high levels. When they come crashing down to more sustainable levels so will Alphmin's stock. Nobody in their right mind or with any business sense, even the Chinese, are going to offer the company more than that with Tin prices so high.

Your choice on what or who to believe

GLTA


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