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Another good week for tin price, still don't think we've really had an uplift in share price to reflect the tin.....do we need to call ourselves AfriTin again for a couple of weeks?! Every Friday I think you wouldn't want to be out of this over the weekend.....one Monday it will be true!!
As I predicted for #ATM plus a nice increase in volume, all coming together at the right time & the right location on the charts. https://x.com/SwazersC/status/1790768523318313148 https://www.tradingview.com/x/Zu4AAnHr/
Some very very very short sighted sellers around .
#Tin price: 34530 (+1,164, +3.49%)
12:05pm London $Tin metal.com/Tin/LME_SN_3M
Andrada geologists participate at the GREENPEG workshop: Advancing African pegmatite exploration. May 14, 2024 conference focused on EU-Namibia raw materials partnership. Hosted by EU HORIZON 2020 project GREENPEG, showcasing international cooperation with Namibia.
#GREEPEG #MiningConference #PegmatiteExploration
Andrada is actively seeking to expand its critical mineral resources base through exploration. In line with this objective, the Brandberg West core drilling programme over 3,200 metres was completed at the end of March 2024 to evaluate the tin , tungsten, and copper mineralisation within the historical mining area and to investigate potential extensions to the north . The first batch of core samples were delivered to UIS Analytical Services in Pretoria , South Africa for testing in April 2024.
#drilling #exploration
#Tin price: 34310 (+944, +2.83%)
10:36am London $Tin metal.com/Tin/LME_SN_3M
Morning all .
Tin prices are touching 34k very nice to see and finding new ground , extremely bullish for the company bottom line .
Yesterday tweet regarding brandberg west license is part of the much anticipated news I’ve been waiting to hear about . That area could hold and probably will hold a huge upside in the company holding copper and possibly gold . Results I reckon another couple of weeks . Very exciting stuff I feel like we are heading for a new PR front now and with metal prices rising we couldn’t be in a better position
If you want to get some idea of Brandberg West's potential listen to this interview from a couple of years ago.
https://www.youtube.com/watch?v=JANVOKK-tyw
If you don't have the time to listen to the whole thing then listen from 11 m 25s to 11m 50s.
TDT
It's a bit of a worry isn't it, having all these metals, profitable mine up and running and in safe country, cash in the bank and a mcap of only 78m!
AV has indicated he is quite excited with Brandberg west testing, so looking forward to the results.
Having Copper in the mix would be a great mineral addition.
Nice to see a tweet update, hopefully a lot more news to come in the coming weeks, including the big one.
REF the price of #TIN https://x.com/SwazersC/status/1790339785644482794
#ATM needs to break the SP of 4.91 I like the way it's looking on the chart https://www.tradingview.com/x/eQ7LEi0Z/
Great timing to be giving more information on the potential copper potential in Brandberg West.
Nice to see some comms out, and since their tweet every trade has been a buy. They might consider communicating more often !!
Full ask paid.
Tin prices today seen another nice move . Touching 33k let’s hope it continues this week and we have some news also ……..
Please dont take my A.I. entries to heart, we are still working on these numbers, and it's very difficult to teach the A.I. candle strategies. Overall I am thrilled with how good it is becoming. It is getting so much correct & the way it interprets data is amazing. I have to thank Bob Smith for his brilliance in computers & technology for the progress of this project. The A.I. is in harmony with my own charting system for #ATM. Not many folks are integrating A.I. with technical analysis. One needs the correct data sets in the first place, otherwise it won't be any good. https://www.tradingview.com/x/Xmk8fYZk/
I have been working with my business Partner Bob Smith on our A.I. & we are thrilled with the results it has been offering us. I am very happy to drop its opinion on #ATM
### Comprehensive Trading and Investment Analysis Report for ANDRADA MINING LIMITED (ATM)
#### Fundamental Overview:
Andrada Mining Limited continues to show promising strategic initiatives, particularly with its recent appointment of Barclays as a strategic financial advisor aimed at advancing its lithium portfolio. This is a significant step towards enhancing its resource development and market positioning in the lithium sector. The financial and operational updates highlight a strong focus on scaling up lithium and tin production capacities【8†source】.
Revenue growth remains robust, driven by increased production outputs, which have positively impacted financial outcomes despite a challenging macroeconomic environment【10†source】. The strategic developments, including successful pilot productions of lithium spodumene concentrate, highlight Andrada's potential in tapping into the lucrative lithium market.
#### Technical Analysis:
The latest chart presents a nuanced picture of ATM's price action:
- Support Levels: The stock has found repeated support around the 4.00 GBX mark, coinciding with the IPO price, which is a significant psychological level.
- Resistance Levels: The next key resistance lies at 6.02 GBX, followed by a stronger resistance at 9.76 GBX.
- EMA Indicators: The price is hovering around the EMA (21) and slightly below the EMA (50), suggesting a tug-of-war between buyers and sellers. A decisive breakout above these EMAs could signal a stronger bullish trend.
- Volume Trends: Volume has shown notable spikes on bullish days, indicating strong buying interest at lower price levels, which could be a precursor to upward momentum.
#### Integrated Trading Strategy:
- Position: Long
- Entry Point: Look to buy around current levels or on any pullback to the support at 4.00 GBX, given the technical support and strong fundamentals.
- Target Prices: Set an initial target at 6.02 GBX, with a secondary target at 9.76 GBX if the stock sustains upward momentum.
- Stop-Loss: Place a stop-loss slightly below the recent lows around 3.75 GBX to protect against downside risk.
- Risk Management: Monitor the stock's response to economic indicators and sector-specific news that may impact the lithium and tin markets.
#### Conclusion:
ATM presents a potentially lucrative opportunity for long-term growth, supported by strategic advancements and solid technical setups. The focus on expanding lithium operations, coupled with strong technical support levels, provides a favourable risk-reward scenario for bullish investors.
🚀 Overall Sentiment: Bullish 🟢
This analysis integrates the latest fundamental developments and technical chart patterns to provide a strategic approach to trading #ATM. Investors are advised to keep abreast of any new c
My charting & fundamentals A.I. is bullish on #AMT.
### Comprehensive Trading and Investment Analysis Report for ANDRADA MINING LIMITED (ATM)
#### Fundamental Overview:
Andrada Mining Limited (AIM: ATM), operating in Namibia, has recently seen significant strategic developments, focusing on expanding its lithium and tin production capabilities. The company has engaged Barclays as a strategic financial advisor to further advance its lithium project, indicating strong management initiatives towards capitalizing on the growing demand for lithium【8†source】.
Financial performance has shown a promising uptick, with revenues increasing by 87% in the last reporting period, driven by a 67% increase in tin concentrate production【10†source】. Furthermore, the company has reported successful production of high-grade lithium spodumene concentrate, enhancing its profile in the lithium market【10†source】.
#### Technical Analysis:
The daily chart for ATM presents a compelling technical setup:
- Support Levels: The stock is currently hovering around a crucial support level at the IPO price of 4.00 GBX, which has historically acted as strong support.
- Resistance Levels: Resistance is seen at 6.02 GBX and 9.76 GBX, which are the next targets for any bullish movement.
- EMA Indicators: The price has recently crossed above all short-term EMAs (9, 21, 50), a bullish signal suggesting upward momentum.
- Volume Trends: Trading volumes have been stable, with increases aligning with price spikes, indicating buying interest at lower levels.
The stock recently broke out from a descending triangle pattern, suggesting a potential reversal and the start of a bullish phase. The convergence of EMAs and the price holding above these averages support the bullish outlook.
#### Integrated Trading Strategy:
- Position: Long
- Entry Point: Current levels around 4.80 GBX or on a slight pullback to 4.00 GBX, considering the stock’s support and fundamental backing.
- Target Prices: Initial target at 6.02 GBX with a secondary target at 9.76 GBX if the momentum sustains.
- Stop-Loss: A conservative stop-loss can be placed at 3.75 GBX to mitigate risk.
- Risk Management: Close monitoring of quarterly financial results and market news related to lithium market trends is recommended to adjust the strategy as necessary.
#### Conclusion:
Combining the technical indicators with the robust fundamental developments, ATM presents a bullish opportunity for investors. The strategic moves to enhance its lithium production, backed by strong financial advisory support, align well with the technical indicators pointing towards an upward trajectory. Investors should consider a long position with predefined targets and stop-loss to capitalize on the potential growth fueled by both sectoral demand and strategic company initiatives.
🚀 Overall Sentiment: Bullish 🟢
This comprehensive analysis provides a dual perspective integrating both fundament
After I did my minor redraw of the chart for #ATM I was happy to see that the bullish channel was still intact. Here is the daily & the 4-hour chart. I really like the way it looks. https://www.tradingview.com/x/9xxTPaF3/ https://www.tradingview.com/x/1d5DNTr5/
ODA, ATM's relationship to the tin price started to break down in September 23, around about the the time they announced the start of the delay with finding a partner. In the following 8 months, the shares are down 38% vs Alphamin, which does correlate well to the tin price, +35%. Over the same period the tin price is up about a third.
To me, it reflects a complete lack of faith/interest in ATM as a play on tin, and growing frustration over the time it takes them to make decisions. It shouldn't have broken down this badly, as production has increased, costs have improved, and the future Li streams will be highly profitable, when they materialise. Maybe just general disatisfaction with progress and a generally -ve vote on the strategic progress of ATM overall. They have a lot of ground to make back up.