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Tin putting in a new floor today , and a decent rise from it very encouraging to see
I personally see newsflow kicking in very soon . The new corporate video is very good and very sleek . The size of this company is only ever going to grow , patience is needed .
Let’s hope it is “Tomorrow” :-)
Committed to sustainability, we aim to lead in our sector, driving a sustainable future. Fast-tracking lithium development for investor returns. Andrada Mining: Tomorrow Unlocked.
WE ARE CLOSE imo
"The shift comes as forecasters turn bullish on copper, aluminum and other metals, where long-anticipated production shortfalls are starting to manifest."
https://www.bloomberg.com/news/newsletters/2024-04-24/bloomberg-evening-briefing-metals-are-back-as-big-energy-traders-jump-in?cmpid=BBD042424_BIZ&utm_medium=email&utm_source=newsletter&utm_term=240424&utm_campaign=bloombergdaily
Its coming.
TDT
Some more speculation (in the absence of actual news) - the ops up date from last month mentioned "partnership interest at the project level" and also "organisations within the lithium value chain", so my take away from that is that they're looking to develop some sort beneficiation of the Li concentrate into lithium carbonate (likely battery grade) with a partner.
The Uis mine currently produces a "technical grade" petalite concentrate that would be used by the ceramics industry, I'm not sure that is the best feed for a battery Li plant, but there was a spodumene concentrate produced from Lithium ridge. So I would speculate that one possibility is a deal on the lihtium ridge property to develop that as a battery-Li mine, which would leave the current Uis operation unchanged. Such a deal might also provide some cash to accelarate the ramp-up of current Uis production.
Such beneficiation is in-line with the Namibian Mineral Beneficiation Strategy, which is also supported by the EU, and I suspect the deal will be with a European (German) company - maybe AMG Lithium or BASF?
Just me trying to read between the lines.
Agree @bohercom, it's the suspense that's killing us. A timeline/update would be great, but I feel AV should have been more circumspect from the get-go as there's now an expectation for a big deal to be done. It's distracting from the rest of the story, and could be detrimental to the SP if there is no deal (I would argue the delay is already hurting the SP).
@toptiger, the "detail" is pure speculation on my part, just trying to imagine potential scenarios - which is entertaining, but no subsititute for some actual news.
Do us all a favour and stop mentioning bloody Kodal this the Andrada mining !
Observer101 - agree with everything you say. I still think there are deals on the table. AV has been consistently upbeat about the process, even very recently. I trust in AV and the team to get the best deal for ATM.
I do have a problem with the open-ended nature of the updates though - “we’ll update you when we next update you” type of thing.
I see no reason why there couldn’t be a high level timeline laid out. I.e. we’ll narrow the offers to the best 3 by this date, we’ll go to next level of detail and non-binding offers on these 3 by this date, and we’re expecting to make a decision by this date.
They can always update the timelines if they need to.
This total vacuum is the very worst in terms of communications.
Well, right there observer you have given us more detail than AV ever has.
the kodal deal is really good, no way companies can raise that sort of money that easily, and cash to explore for gold. the ownership part isnt really that relevant.
he def does need to stop doing interviews, they are all the same anyway (same with other ceos), in my experience too many interviews and too much hype building is generally not a good sign.
Good morning Observer101.
Excellent balanced post, just one thing to pick up on, any deal process has to be light lipped both in the interest of the company and investors alike, we all want to know more but AV can only lawfully comment as much as he has done, if a deal is close or in the final stages, i'm not sure what else he can say.
Your comments though are refreshing to read.
If the Li deal is truly off the table, I feel that AV would have come out and said it was off the table. However, I do think that the massive drop in the Li price has affected things... I have no doubt there were multiple (eye-watering?) offers at the time, but I would assume those were non-binding, and it's quite likely the offers that came subsequently druing the Barclays process (as the Li price was tanking) may have been less enticing.
There is also likely to have been quite a bit a met testwork/DD from any prospective partners which could have delayed things, and if there were multiple offers then there may be some negotiation going on. So as frustrated as I am on the lack of news, I am also aware that there could well be a deal still coming.
I also think that if the current deal isn't really "eye-watering" then it would be best not to do a deal, and I trust that AV and the board will do right by long-term shareholders.
Nonetheless, although I have confidence in AV, I do think the communication around the whole thing has been really shoddy. I think the major mistake was to speak about these "eye watering" offers before anything was finalised. A good lesson to everyone to keep your trap shut until you've closed the deal.
As for a "kodal-style deal", since we're bringing that up here again, I personally don't think the Kodal deal was great - looks to me like they gave away the controlling interest in their flagship project as well as a hefty chunk of equity to fast-track a mine build. Time will tell if it works out, but mine-building is hard and they have 8 months to build a mine. I'm happier with the more conservative (albeit slow) ATM approach myself.
" he has really really mishandled this process, the only thing that can save him is truly a kodal style deal or better.
I do believe toptiger has binned me after i criticised his repeated kodal posts on this bb, i see this has not changed.
Trying to compare the to companies shows a lack of class and understanding, he is being disingenuous to AV and taking no account that Barclays is leading the role of finding a suitable partner.
Investors need to accept that sometimes these type of deals do take time especially with multiple bids, frustrating yes of course but it is what it is to get the best deal possible and talk of a deal collapsing is utter nonsenses as this would have to be RNSd.
If i am correct at being binned, i find it quite laughable, but hay ho....
Around jan 2023 kodal just announced the deal, they didnt say this or that or who they were talking to they just did it (unless i have missed something)
he has really really mishandled this process, the only thing that can save him is truly a kodal style deal or better.
if he is going down the eu route not sure why cant be any better than the chinese
The way I see it , as a partner was being finalised they pulled out probably due to lithium uncertainty. That probably put us back to square one with other suitors . I do agree Av Needs to speak up and tell investors what’s going on . We may see more details in the next RNS in couple of weeks
I would guess the initial offers were Chinese but the company has decided to go a more Europe-oriented route
which takes longer, not least because it's impossible to read the EU documentation without falling asleep by about the middle of the second paragraph; try this for example:
https://ec.europa.eu/commission/presscorner/detail/en/IP_24_1807
"Today, the EU, the US, and other Minerals Security Partnership (MSP) partners, joined by Kazakhstan, Namibia, Ukraine, and Uzbekistan, announced the launch of the Minerals Security Partnership Forum (or MSP Forum). The forum will serve as a new platform for cooperation in the area of critical raw materials (CRMs) vital for the global green and digital transitions.
The Critical Raw Materials Club announced by the European Commission now becomes a full part of the MSP Forum. This will create a greater, more ambitious joint initiative zzz linked to the Minerals Security zzzzz Partnership, where the zzzzzzzzzzzzzzz
Barclays were appointed on 11th May 2023 to find the strategic partner.
Oh, what happy days summer 2023 were.
AV was saying “…. it is imperative that (Andrada) collaborates with an appropriate strategic partner to realise value from this opportunity within the shortest timeframe”
The share price went from 5.8p to 8.6p over the following 6 weeks.
The process was going to be finished by end September.
Then……well…..nothing on the strategic partner at all.
Operationally the company is doing very well, but they really need to close this strategic direction stuff out one way or the other, or provide a much more detailed update of what is happening.
Still doesnt explain the near year long wait, and thats with the help of old mates.
he has given bare minimum details at every update, should easily be at the final couple legal stage by now but get the feeling its going to drag on
There was multiple offers from around the world I believe . Over 10 plus interested parties not just one !!
Yep, thats for sure, and has been a very opaque journey, and if there was a pull out no way in hell we would know the offer or the details.
so all goes back to this eye watering offer, assuming it was an offer and not some flippant comment in a pub.
kodal tweeted out today from what that board says, lithium demand will treble, but that isnt the issue, its the demand that might be the problem.
Looks as though everyone is getting pig sick of waiting for the deal to come through, been going on far too long now, wouldn't surprise me if they have pulled out of negotiating a deal.
Prob people waiting to see if its not just a spike and more perm.
if i were AV would be maybe looking to hedge some production at these prices, just some say 40%
We haven’t even got anywhere close to show the tin price reflection .
Tin price climbing away and S.P goes down. Bonkers.
Morning all, tin coming off recent rally along with our share price , all very healthy for a sustainable rise .
Time to take advantage.