TPI provides its latest research note on AfriTin Mining Limited (ATM.L).

Following its closing of an equity Placing and direct Subscription on 3 August 2020, AfriTin this morning has also provided an update covering its flagship asset, the Uis Tin Mine (“Uis”) in Namibia.

It confirms that Uis has displayed significant operational improvements over the past three months which, together with the rebound in the open market tin price, the renewal of its offtake agreement with Thaisarco and its newly strengthened balance sheet, provides a good platform for delivery of further progress into 2021.

Having worked closely with Turner Pope whilst undertaking the Placing and developing its retail strategy, last Monday also saw AfriTin’s Board confirm Turner Pope’s appointment as its Joint Broker.

Read More AfriTinMiningLimited__Research_update__5_8_2020__FINAL_BGv3.pdf

We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to AfriTin Mining Limitedc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.


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