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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. > Rollback shares outstanding.
View:
Post by wallpaper2 on Nov 08, 2024 11:07am

Rollback shares outstanding.

The only way this can have any significant move. 1.27 billion shares are unmanageable. Dividend benefits a few major holders only.
Comment by billfox54 on Nov 08, 2024 12:35pm
Chris Ecclestone is fiercely against buyback, for whatever that's worth.  I certainly wonder what they're going to do with all the cash on hand.  About now, I think they have as much cash as debt, from my limited look at their numbers.
Comment by geezer21 on Nov 08, 2024 1:41pm
AFM is in great shape with $324,400,000  in shareholder equity and $220,440,000 in liabilities. Net, share holders are ahead $103,960,000.  Annual divdend yield is 9.6%
Comment by wallpaper2 on Nov 12, 2024 11:21am
Yawn!  You will be spewing the shat all of 2025 and the share price will be the same or lower. The war will eventually shut them down for periods of time and scare everyone away.
Comment by rains88 on Nov 13, 2024 11:08am
Agree! 2025 will be big for them!