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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.
Steegee
The hard part here is not holding on until the good news arrives, hard though that may be, but holding once it does.
TDT
Echo that, TDT - sasa.
That's great TDT, I'm glad someone knows what he's doing.
I’m with TDT on this one. If anything had changed the company would have released a RNS, negotiations with final binding offers are progressing. All the fundamentals for the business are improving and the minerals aren’t leaching into the soil so what has changed. Nothing. Still a good thing as far as I can tell, happy to hold.
Steegee
Go back to June 2023 and read your first post on this BB. You're right you are no mining expert but surely even your limited knowledge of mining doesn't preclude you from recognising that 10 months, which is the length of time you've been here, in mining terms is brief. Nothing get's done in this industry quickly. The mining landscape is littered with disaster where that basic premise has been flouted, Sirius Mineral, Weatherly, Frontier Mining, Tri-Star Resources even Horizonte and Eurasia Mining. Miss out critical steps and it doesn't end well.
I'm happy for AV to continue doing what he's doing. He's not there to assuage the unease of a few impatient private investors. He will open up with news when the time is right.
TDT
Completely agree, all we get is the odd twitter post and paid for ads on ytube.
not really what we want
They say that mushrooms are kept in the dark and feed bull pucky.
It looks to me that mushrooms are treated better than Andrada share holders. At least they get feed something.
Https://elements.visualcapitalist.com/charted-4-reasons-why-lithium-could-be-the-next-gold-rush/
Lithium is about to follow tin's recent stellar performance by all accounts.
TDT
Should be good timing! At some point the lithium partner news will drop, next week would be good!
Bought in yesterday having done a bit of research
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.