The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Agreed, CCC - it's not rocket science where the MMs are concerned it seems to me; just prefix each trade with a'B' or 'S' notation from their viewpoint to avoid the mid - price proximity guesswork utilised at present. Then again, AIM issues are not noted for their transparency, unfortunately - sasa.
I have been checking today's trades.
The last 15 were all buys, a few large ones too, yet everyone is being reported as a sell.
This happens across the markets, time for this to be rectified, with today's technology, this should not be happening and gives investors false information.
Someone wants more of these before Monday?!
Hi Richy - I think it's the other way round isn't it? The profitable tin production (approx $10k per ton currently) subsidises the lithium production / output now coming on stream for 'free' which is the 'cherry on top' that AV alludes to...
Either way, the catalyst to get the sp finally going is the 'partnering news' RNS that we're all waiting for, of course - it's gotta be fairly close now since it was announced some 12 months ago, surely? - sasa.
Some very encouraging money coming in over the last few days and couple of weeks , nice consolidation at these prices . Should see a substantial move very soon .
I couldn't resist buying a few more, news on multiple fronts must be close
Morning all . Nice to see a new broker note today . Very conservative price of 10p as this is due to now position not the future prospects I believe , as Harmann partners has it at 33p. It does say we could be producing tin for FREE , only have to do the maths on that and we are looking at multiples of today’s prices . Happy to hold to see true value .
Yep, just seen that, too, Copper - that's a start, anyway - sasa.
Nice to see berenberg has put a 10p rating a BUY
Started: DanInvestor, 22 May 2024 22:56
Last post: toptiger, 23 May 2024 16:12
Careful nesty, you mentioned 2 companies there, so that would be 2 complaints, and our resident fanboy doesnt allow that
agreed i would take namibia as a far safer country than mali, but if your criteria is being able to visit the country on holiday then not many resource stocks out there
Afternoon Ccc
Good post there . Says it all really.
Nice post CCC.
Generally, AIM market comes with risks, though IMHO I rarely invested in a Africa AIM country, mainly because of the Governments and the way they works do you get a straight deal.
My first venture was Prem, though despite the Mugabe era, it seemed to let Prem get on with it. Though, in that case it wasn't the government, which was the worrying problem, it was the CEO himself.
Then there is ATM, the first thing I researched was how safe is the country for trading, this compared with some seems very secure and welcoming, Kodal on the other hand a different set up to ATM, but where it is located it's high risk and unstable. It beats me that people are willing to invest money in a country, they wouldn't actually risk going on holiday too!
Afternoon Richy.
I have held interests in a couple of Countries that have major political issues and deemed unsafe, this carries a very high risk when investing, corruption, political unrest, terrorism and sanctions are some of the pitfalls.
Companies often have to navigate difficult company operations at a extra cost and the market cap always reflect these conditions at a far lower value.
Kodal Minerals Lithium project is located in Mali and if anyone does not already know, this is the advice.
Is Mali a safe country " MALI - AVOID ALL TRAVEL
Avoid all travel to Mali, including the capital, Bamako, due to the threat of terrorism, kidnapping and banditry.
And the UK Government web site " There is a very high threat of kidnapping by al-Qa'ida and Islamic State-aligned groups in Mali.
Our friend who constantly criticises Andrada never tells the whole story with Kodal and the location it operates with all the risks as mentioned.
I would avoid any long term investment with a Company such as Kodl and invest with confidence with ATM in a very friendly Country such as Namibia all day long.
Reported for continuing to keep going on about another investment company .
I agree with one point sort of regarding interviews etc I would like to see more substantial news , however while we wait it’s nice that they are engaging with investors as there was radio silence and that was fed back to the company so they have listened .
Started: oufc, 23 May 2024 10:19
Last post: Richyf3, 23 May 2024 10:21
Nice to see the drill turning
Andrada is mentioned in Askari Article on Monday regarding high grade lithium results next door.
High-grade visible Namibian lithium emerges for Askari
Mon, 20 May 2024 7:02AM.
" The Kestrel target lies close to the northern boundary of Askari’s southern licence area that encloses three of the southward extensions of four significant north-east-striking pegmatite trends that fall within an overall “corridor of interest”. The trends contain multiple individual pegmatites of widely-varying dimensions.
They have been mapped in a total strike distance of up to about 35km, with three of them extending beyond both the northern and southern boundaries of the contiguous tenement pair. The smaller fourth pegmatite trend lies only partly within the southern licence and extends beyond its eastern and southern boundaries.
Importantly, the biggest and longest pegmatite trend expands to a much greater width of about 7km at its northernmost extremity, outside Askari’s northern-most boundary. The expanded part of the trend encloses Andrada Mining’s Uis project – a lithium-tin-tantalum mining operation that contains a gross estimated mineral resource in its main V1V2 pegmatite of 81 million tonnes grading 0.73 per cent lithium oxide, 0.15 per cent tin and 86ppm tantalum.
The estimated content of the resource is 1.45 million tonnes of lithium carbonate equivalent, 120,000 tonnes of elemental tin and 69,600 tonnes of elemental tantalum. Andrada says it has mapped more than 180 pegmatites within 5km of its processing plant.
Kestral is Askari’s prime target in the southern licence area. Exploration mapping to date has outlined the surface exposure of the pegmatite area along a strike of at least 1.4km and up to about 1.5km.
The entire cluster of Kestral’s multiple pegmatites has been mapped at more than 450m wide at its greatest dimension. Management says it has found hyperspectral scanning to be effective in identifying “blind” pegmatites, including those not previously exploited by local artisanal-scale mining, and that cross-trenching often reveals their true scale.
Fitzhenry said the company continues to show its Uis lithium project can deliver significant pegmatites of good size and high grade and that its recent phase-1 trenching program in the northern licence shows the method is effective and delivers high-confidence targets that will meet the critical drill bit test this year.
Askari appears to be right on the money with its Uis project, given the similarity of Kestrel mineralisation to that of the multiple, more advanced targets in the northern licence."
Buyers flooding in .
Started: daitom, 21 May 2024 14:22
Last post: gameangler, 22 May 2024 17:16
Starts on 6:22:48
Excellent back story and issues.
Nice interview, rather than presentation. He came across well.
Thanks for the link.... He seemed very confident about becoming mid tier miner, great growth opportunities
Started: pekingduck, 22 May 2024 14:29
Last post: pekingduck, 22 May 2024 14:29
PERTH, May 22 (Reuters) - BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday.
The bid by the world's biggest listed miner for Anglo is expected to whet appetite for more deals in the sector whether it goes ahead or not, they said.
"There is clearly a preference for buying over building because costs have ramped up so much in the past few years," said Ben Cleary of Tribeca Investment Partners, which is an investor in Anglo American.
"BHP ... have been telling you for a long time that they love copper. Rio the same. In terms of their portfolio skew they are still very heavily weighted to iron ore ... you are going to see more deals," he said, speaking at the AFR Mining Summit in Perth.
Anglo has twice rejected overtures by BHP, whose deadline to make a third offer expires later on Wednesday. Instead, Anglo has pledged to break up its company to lower costs.
Whether Anglo's management decide to engage with BHP on Tuesday, investors expect more interest in the sector as copper prices, which hit a record above $11,000 a tonne on Monday, climb and encourage new projects.
Rising prices will only make competition for copper assets more intense, said Brett Beatty, partner and managing director Australia, of private equity company Resource Capital Funds.
Beatty said he had faced internal questions over whether RCF had overpaid for the 11.9% stake in Botswana's Khoemecau copper mine that it bought for $70 million in 2019.
That stake was sold when China's MMG bought the mine for $1.88 billion six months ago, making it worth some $224 million, roughly a two-fold return.
“It’s a market where you have to take risk and you’ll be rewarded for it, but if you sit on the sidelines you’re going to miss out,” he said.
Given that lithium prices have begun to recover from rock bottom lows, for companies with the funding, now is a good time to buy, said Joshua Thurlow, head of lithium at Australian diversified miner Mineral Resources. "M&A's on people’s minds. It’s at that point in the cycle. If you can be counter cyclical ... you could argue this is a good time to do it," he told Reuters.
"But also sometimes it takes a lot of gusto and a major balance sheet strengthening process to be able to do it," he added. MinRes embarked on an acquisition spree of significant stakes in Australian lithium developers last year.
It’s a little frustrating that every time we get a little traction above 5p it’s hit with a wave of selling. Unfortunately it’s now become such a common event that I think people are now are selling on the expectation that it will happen, hopefully this pattern gets broken when we get some positive news!
Think I might start taking advantage of these cheap ones . By end of the year I think this company will be looking completely different and in a far better position than it is now , becoming a mid tier company .
" i take the reverse view, they are trying to get something out meaning the other bits are a while yet (maybe not the brandberg drill results). "
Someone who is negative with any company communications/news has only one agenda.
Well it is true that investor relations might be improving but i'm not sure for the companies that i follow that i have seen this kind of thing RNS'd ?
normally you have to find it on youtube etc.
i take the reverse view, they are trying to get something out meaning the other bits are a while yet (maybe not the brandberg drill results)
Nice to see the ceo speaking at this event . Also nice to see communication improving , I reckon drilling results next week .
TDT,
yeah thats what we thought over at shanta !
this was during a surging gold price as well, and it was really clear it was a dreadful offer but still passed.
still made 3k plus divi but thats not the point, luckily quite a few better run gold producers out there, but would have preferred to have had my money free and not wait out the takeover, that part cost me not getting in somewhere else much lower
nothing is off the table with finance as you i'm sure know.
I guess the Namibian government possessing a 15% interest in the Uis tin Mine through the Uis Tin Small Miners Association and the current share structure would make it difficult if not impossible for anybody to succeed with a low ball offer. That's worth noting.
TDT
Having been in shanta, that was surpressed and went nowhere for ages, hope same thing isnt going on here....
a cheap takeover where they quote the low price over last 6-12 months and then put in a low ball offer of say 6.6-7p which is then stated as realistic value.
otherwise cant see why it would be surpressed
Thanks TD - Frustrating tactic I suppose - Probably the MMs themselves
Daitom
That's nothing new, somebody has been doing that consistently for the last 12 to 15 months. Who is anybodies guess, likewise why. I sent the below to Andrada some time back:-
Hi
I am an investor in Andrada Mining and I follow the company's progress with keen interest. I am becoming increasingly concerned at what seems to me to be a concerted effort to suppress the company's share price every time there is a positive RNS or upward move in the price of the metals we mine. Can you comment on this? Does the share register give you a clear picture of who is buying and selling the company's shares and is their evidence of manipulation?
I appreciate that this might be a difficult one to answer but I would be interested to hear your thoughts.
ATB
TrickyDicky2
It probably comes as no surprise that I didn't get a reply. I'm not sure they'd be able to tell from the register given the variety of different ways somebody could manipulate the share price anyway (naked shorts or T trades or some other dark arts like dark pools etc.). Worth a try I suppose but largely fruitless.
Definately a question to ask at the next Q&A with AV.
TDT
It’s only a matter of time before a serious re-rate happens here
Started: OhDearAlan, 18 May 2024 21:22
Last post: TrickyDicky2, 20 May 2024 09:26
Andrada mentioned several times in this EU report.
https://acrobat.adobe.com/id/urn:aaid:sc:EU:5990eb9d-921b-4563-ae6a-f9f5b10609f5
TDT
Started: swazers, 10 Apr 2024 22:30
Last post: rgbuk, 17 May 2024 11:04
Personally I’ll be looking with interest at the tungsten results, with China producing well over 80% of the worlds supply this could be a key metal being produced outside of China.
Indeed, the copper will be interesting, possible only a couple of weeks away from results - last time it was about 2 months from the lab and went in start of April
AV would probably prefer 'AfriTech metals', ODA, given the spread we now have! - sasa.
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
Tin prices today seen another nice move . Touching 33k let’s hope it continues this week and we have some news also ……..
Started: Early_Bird, 14 May 2024 10:30
Last post: TrickyDicky2, 14 May 2024 18:23
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.
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 !!
I contacted Andrada with straight forward questions.
Tantalum production currently
Lithium production currently
Off take agreement
Lithium exploration drilling
Etc etc.
No reply as of yet, i do find non replies an irritant and unprofessional towards long term investors.
If too price sensitive then say so but at least be courteous and reply with what can be said.
Could do better....
You would like to think . If they read this board investor relations , time to come out of hiding and talk to us . That goes for Anthony viljoen also
Indeed, it's a good list and not sensitive to the strategic partnership discussions, so we should be updated ....
Perfectly put.
At least it's something to listen to whilst we wait for :
- confirmation that the Tantalum sold in March and is now business as usual monthly sales
- confirmation that the lithium pilot plant is actually now producing 250 tonnes per month as planned
- an update on the lithium petalite off take agreement with the ceramics partner that was said to be "progressing well" in November 2023
- an update on the lithium exploration drilling campaigns that were planned across all licence areas (Lithium Ridge, Spodumene Hill, Uis) throughout 2024
- an update on the 3,000 metre drill programme in Brandberg West that started last year and hasn't been mentioned since October 2023.
Did I forget anything ? Oh yes, Happy 1st Birthday to the Strategic Assessment project ;-)
Started: TrickyDicky2, 3 May 2024 20:23
Last post: TrickyDicky2, 3 May 2024 20:23
Overberg Geoscientists Group Talk with Anthony Viljoen.
Https://youtu.be/gHOpa2q6Ij4
If you don't want to listen to the whole thing then listen from 54 minutes and 30 second for a minute of so. The Overberg Geoscientists Group Talk was 18 months ago now. If the Germans take, on average, two years then we should see something happen here anywhere between now and November 2024 at the latest.
AV put it out there so there's no excuse for not realising how long this might take. As for poor communication I think their focus is more on concluding the best possible deal not pacifying the impatient.
We've waited this long. What's another couple of months.
TDT
On a more positive note , we have witnessed tin prices spring nearly 25% this year and it looks like it has consolidated over 30,000k currently nearly touching 32,000 %3up today which in my opinion is very good for us a investors and the company moving forward with up scaling production .
Started: YugoBoss, 2 May 2024 22:41
Last post: saigonsally, 3 May 2024 15:33
So many good, positive and balanced posts today which to my mind demonstrates the very high regard in which pi's hold this company and their investments therein. I, for one, count this as my second biggest investment and tempted as I am to top up under 5p would prefer to pay a higher price upon receiving positive "news", ie not just a glossy video.
@Richyf3 - totally agree about poor investor relations. Several times in the past I've contacted their investor relations and just had no response. Then, when I've contacted AV about it, he gets them to answer straight away. Basic queries shouldn't need the CEO involvement. They aren't a tiny company anymore, they should be better at this stuff.
My pet small complaint is that they won't publish a calendar of when the quarterly updates are released - we shouldn't be taken by surprise on them being released. That should be simple, and investor relations told me over a year ago that they'd be putting a calendar up on the website - it never happened.
I cant think of anything in the mining world or pretty much life in general in terms of deals that takes over a year, unless its some govt signing off approvals and permits. if a deal was great it would be done by now. if someone wants to do something it happens, anything else is for another reason / cold feet. so unless Namibia are holding things up (i very much doubt that) then we are not being told a few details. the only get out of jail card for AV is if the parties are waiting drill results, but then he could say this if true.
how can there be so many interested parties and yet takes this long ? makes no sense. if it was one party and it was a real mexican standoff then yes maybe this long. Either that or he is a terrible deal maker.
of course we all say we are patient because we have no choice apart from taking a loss.
5 weeks? It's been 1 year nearly exactly.
I think shareholders have been very lenient towards AV given SP is in tatters still and coms are limited to say the least.
Patience will pay here. I'm expecting to see some drill results soon.. anyone know when they're due?
Like myself I’m willing to wait for the partner news , it will be worth the wait . My frustration is due to the lack of investor relations or the lack of it . There are a number of things which I was expecting news on or work to be carried out and we have heard nothing. There is in my opinion a lack of respect to investors at the moment it’s not reassurance I would like its direction and what’s actually happening behind the scenes . That’s my own opinion .
The business model and what it has achieved in a short space of time is one of the reasons I invested and I will carry on doing so . It just needs abit more engagement that’s all.
Started: oogleflugal, 2 May 2024 13:36
Last post: nesty, 2 May 2024 15:32
It has been a frustrating year, especially the last 6 months on the RNS front. I did think that by now I would not be under my average, interest starts dwaining on the wider scope to get more investors and things then become stagnated.
I do feel that with each month, AV has to produce more of something to turn this around, though he shouldn't have too, had the communication avenue been open and effective, the make or break expectation of the partner news wouldn't be so vital.
The next bit of communication, if it's like talks or a deal haven't materialised, I wonder where the SP goes despite having all the other good pieces of news to come, especially with Tin prices, as they are.
A part of me feels many pi's are holding purely for the partner news, than the actual long term story.
All IMHO.
You would think that at least one of the directors would pull him aside and state that you really cant take the approach of doing loads of promotional videos and the odd tweet and then go really quiet, it just doesnt work, especially on AIM where trust is paper thin at best.
too few trades, too little interest and certainly one of the most boring resource stocks around and i think we know the reason why
my latest investment, adriatic, has no comments or very few and i dont really care because the vision is clear, the price speaks for itself and you just go from there.
i also disagree with an earlier post that suggested because we have had no RNS, that means all must be on track. i dont think it quite works like that but happy to be surprised.
and of course we all now expect eye watering. he certainly has boxed himself into a very tight and unneccessary corner (and us btw)
11th May is the one year anniversary of Barclay's appointment!!! Come on ATM we must be there by now!
What about the Brandberg West RNS on 12th October, must be some news there.
The only thing exploding around here is my head every morning when I check and see there's still no new RNS :-)
Todays headline ‘Lithium Market is exploding.’ In Africa Atm is the first lithium producer to market. Seems a slight disconnect going on
Started: Steegee, 29 Apr 2024 13:06
Last post: nesty, 1 May 2024 19:02
I have to say the communication has dropped off somewhat since last year, I just hope ATM, not gonna turn into the default AIM company on the communication blackout.
I do still believe in ATM, should be plenty of positive news flow, but AV has to deliver this year IMHO.
There was a RNS today which hasn’t arrived .
RGBUK- good post and I agree with you . That’s what I found appealing when I invested the communication of the of company . This year is completely different to last year seems far too quiet . The avenues of communication with the company are shocking! Total disregard to investors . I know tricky touched on this subject the other day and I do agree with most of his comments . I do feel their approach needs to change slightly towards investors with better comms that’s my thoughts.
I’ve been invested here for 3 years now and even though it’s had its ups and downs I’ve generally been happy with the direction the company’s been going in.
However the thing I’m not liking currently is the total lack of communication to shareholders. There used to be a steady stream of information, it wasn’t ever going to move the dial much on the share price, but said ‘yes, we’re active and letting you the shareholders know we are.’ That’s one of the things I really liked about this company. But in the last 6 months it just feels like they’ve forgotten we exist or don’t care, which is disappointing. There were numerous drill results due on Brandberg West (tell us about the copper and tungsten), Spodumene hill and ridge, which I don’t believe would impact the ‘partner’ discussions. Come on AV, let’s have a presentation with shareholders questions to keep us in the picture.
The other thing I think worth mentioning is that now they’ve released their corporate presentation talking about fast tracking lithium production they really need to follow through with this pronto, otherwise they might start looking a little silly. I give them a month from this presentation, so that was 13 days ago, clock’s ticking!
Why do you think an RNS is due tomorrow ? Have I missed something ?
Well a RNS is due tomorrow, hopefully more details of what’s going on will be written for investors.