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Alphamin Resources Corp. (AFM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.7500+0.0600 (+8.70%)
At close: 03:58PM EDT

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  • R
    RIP
    AFM=Awesome Financial $ Machine
  • D
    Doug
    I couldn't pick up any shares in the .70c but I picked up a bunch this morning at .84
  • T
    Todd
    Why is this going down
  • S
    Sunny
    Alphamin Resources Corp. (AFM:TSXV, “Alphamin”, or the “Company”) commented on the recent closure of the Bunagana border post with Uganda, located 60km north-east of Goma, the capital of the North-Kivu province of the DRC, which has been closed following recent clashes between rebels and DRC government forces in the area.

    The recent closure of the Bunagana border post has no impact on the Company’s operations. All Alphamin exports cross the Aru and Mahagi border posts with Uganda which are some 1000km north of the Bunagana town and do not transit through or close to Bunagana.
  • S
    Sunny
    Sub-$1 is still a no brainer to me as the reward-to-risk ratio is extremely favourable based on the strong financial position, growth potential, and more ...
    With the current market and the red hot CPI data this morning, risk is always there but I cannot resist this attractive accumulation zone. GLTA!!!
  • D
    Doug
    Ho Hum AFM is just another pump and dump on the TSX AdVenture Exchange.
    When will they ever learn,
    when will they eeeeevvver learn?
  • D
    Doug
    This could be another scam on the TSX Venture Exchange.
  • N
    Noah
    i cannot believe i was able to average down here
    WOW what a deal
    another dividend coming soon and last time i checked THIS IS STILL
    the largest TIN deposit and highest grades on the planet earth
    So unless they find a planet full of tin and mine it this is a no brainer
  • D
    Doug
    I am still waiting for .70c
  • R
    Rick
    no sale...nobody interested in a Congo company
  • S
    Sunny
    Investment rationale for AFM.V in the first place:
    (1) Second largest tin mine in the world outside China and Indonesia
    (2) Mpama North represents over 4% of global tin production
    (3) Release release of PEA for Mpama South suggests expansion can bring the production to over 6% of the global tin production
    (4) Cash flow is sufficient to support the expansion for Mpama South
    (5) Super strong balance sheet and growth
    (6) Outright buyout target

    Now, with the news released yesterday regarding AFM.V is entertaining initial bids by the end of April, it is speeding up the pace you should accumulate the shares before its too late. The 17 million shares exchanged on TSX in the past two days just provide you some hints of what to anticipate. There are some good info you can find on twitter to understand the story in addition to your own DD. It seems most anticipated $2+ and some that have followed AFM.V long with in-depth understanding of the company suggest $2.50 the minimum reasonable offer.

    Time will tell but the path is relatively clear so far. With the strength of the balance sheet, anticipated growth, and tin outlook, the risk involved is a calculated one regardless of whether the buyout will capitalize or not.
    GLTA!!!
  • N
    Nora
    AFM looks good today, up 4% and showing strength- hoping to see it continue- came across this article the other day on SmallCapCanada and it has some insightful info about the markets and where things are headed, well worth checking out- link to article https://smallcapcanada.com/articles/articles/as-china-is-restarting-coronavirus-caused-supply-disruptions-might-support-metals-prices-in-the-short-term
  • S
    Sunny
    It's really not difficult to estimate the NAV for the Mpama North alone based on different Tin prices, and you can fairly easy to make a judgment whether the current market cap is a bargain or not. Then, if you kick-in the value of Mpama South, it will give you another picture for NAV. After that, please note that the potential ono AFM.V will be beyond Mpama North and Mpama South.

    There is no doubt that investors will have to accepted the fact that SP action no longer correlates well with NAV or intrinsic value of the company because fear factors have overtaken the overall atmosphere of the market. However, this also represents an opportunity for anyone to start identifying undervalued high quality stocks and decide on a timeline for accumulation in a very disciplined manner. It will not surprise me that some of the great bargains in the current market may still have room to dive deeper. Nevertheless, I have set an investment thesis for each of my holdings in my portfolio and a long horizon will always help an investor to neutralize the effect of some extreme negative reaction in the market.

    For me, I actually added to my position again at a lower point today as the current SP is significantly undervalued to me. I honestly do not see a reason why AFM.V won't be acquired eventually. Even if this recent rumour does not capitalize (everyone is still waiting), I still think this will happen at some point. A lot of investors that understand the financial status and outlook for AFM.V actually do not want the buyout to proceed as the long-term outlook is more attractive. Look at the FCF, EBITDA, NAV, Tin% in assay results, ... and any other parameters you consider relevant; it will surprise me if your conclusion does not give you a picture that the current market cap is undervalued. Whatever decision you are going to make, you have to understand the underlying risk in the current market is higher than usual. Thus, you have to remind yourself about the risk tolerance in your investment when you start to execute.

    GLTA!!!
  • S
    Sunny
    @Rick If you think there will be no takeover bid in this bear market, I believe you may not understand how M&A in the mining sector works. The Mpama North has a mine life of 12.5 years and it is still expanding. The Mpama South will just add to it. Moreover, there will be more new discoveries of similar nature in this project. Thus, this is a generational project of a strategic metal (Tin) that will have its influence to the world for many decades. If you think the current bear market will influence the chance of a buyout, I guess you really do not understand that the life of this project and the duration of the bear market has a different order of magnitude. :D
  • E
    Edelweiss
    And here is the dividend and announcement of amazing Q4 results. This is trading so cheap - 25% FCF yield, EV/EBITDA (annualized) <3 and tin price is still going up. Can't wait for the assay results from Mpama South later this month
    https://alphaminresources.com/2022/01/11/alphamin-announces-record-production-volumes-q4-2021-ebitda-guidance-of-us74m-declaration-of-fy2021-dividend/
  • N
    Noah
    i added to my position a few days ago at 0.91 CDN, i have a starter position now, if by chance this drops at all, I will add shares and complete my buys. AND HOLD.
    I think this is the most under valued and unknown resource gems. Up-listing to TSX and of TSXV, buying back shares and a dividend announcement( I feel) is in the near future here. That is why I keep buying. Also once this get to the dollar range more investors will look at it. Most don't touch stocks less than a $1.00

    Good luck
  • s
    steven
    There is either arbitrage or serious disconnect. This share is trading at about 2 Canadian dollars on JSE South Africa in the last 5 days. Any thoughts?
  • E
    Edelweiss
    The rise in share price yesterday of AFMJF still doesn't reflect the increase in tin prices. This stock is EV/EBITDA of 4 and FCF yield of >20% - with major catalysts coming from increased production from current resource and a new resource being drilled with phenomenal drill results.