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Bullboard - Stock Discussion Forum 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,... see more

TSXV:AFM - Post Discussion

Alphamin Resources Corp. > # of Shares outstanding in this
View:
Post by wallpaper2 on Jul 18, 2024 12:43am

# of Shares outstanding in this

Is ridiculous!!  Impossible to move the needle any meaningful amount.  A lot of pumpers trying to convince us otherwise. jmho
Comment by TELEMARKER on Jul 24, 2024 8:26pm
time for a 1 for 10 rollback
Comment by wallpaper2 on Jul 30, 2024 5:35am
With 1.2 BILLION shares out there,  you may need a 1 : 15  rollback. They would save money on the dividend payout and use it to buyback some shares?
Comment by MorningCat on Jul 30, 2024 5:28pm
Low share count also have its own problems :-)
Comment by MorningCat on Jul 30, 2024 5:29pm
Such as IPA
Comment by wallpaper2 on Aug 10, 2024 1:11am
IPA has less than 30 million shares outstanding. AFM has approx 1.27 billion shares outstanding.  IPA's potential is anywhere from a 5x to a 100x. Afm's potential is what, a 2x at most?
Comment by wallpaper2 on Aug 15, 2024 12:47pm
MorningCat AFM's 1.27 BILLION shares outstanding translates into moves of a penny or two up or down. You mentioned IPA and its 27 million shares outstanding. This week (so far) IPA has moved from .58 cents to .83 cents and could easily reach $3-$5 by month end before really  taking off higher. Thats why you want a LOW FLOAT !!
Comment by dwitzany on Aug 16, 2024 11:40am
I don't really care about share count! Earnings and growth prospects matter much more.  I used to hold IPA years ago, but they can't find a path to profitability and are only popping on Mpox, imo.  I'm not even tempted to spin that wheel; I am happy to hold a profitable company here with real EPS and a dividend to boot.  Once M-South gets to full production this stock ...more  
Comment by wallpaper2 on Aug 16, 2024 7:20pm
Mpox. Lol what are you talking about?? You have no idea what IPA has progressed into. You obviously are trying to draw attention away from their AI and drug discovery programs, their pending partnerships with a major pharma, a chip maker and Amazon. Went from .58 to $1.03 this week without a news release  What did your 1.27 Billion share, 6 cent dividend buy you this week?
Comment by wallpaper2 on Aug 17, 2024 8:22am
I still own a few shs of afm...fwiw.
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