Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
The SP for #ATM is moving perfectly in line with my charting ideas. Friday was a big deal as price closed on top of the 200 EMA. https://www.tradingview.com/x/PlCVj8SV/ https://x.com/SwazersC/status/1781236926097346933
Certainly a very very exciting times across almost all commodities, have not been this excited for a few years, its just a case of lighting the blue touch paper, and all of this with sluggish economies and a very high dollar.
the former will prob last but the latter will fall in next year or so.
if we can be self sustaining and making money in tin then thats fine by me rest is massive bonus
This doesn't tell us much but its interesting nonetheless.
https://earthobservatory.nasa.gov/images/152680/towering-brandberg
TDT
Https://www.mining.com/web/indonesias-march-refined-tin-exports-down-19-4-trade-ministry-says/
and
https://www.bloomberg.com/news/articles/2024-04-17/short-squeeze-fears-grip-tin-as-lme-says-it-s-watching-market
If the current up tick in Andrada's share prices is down to external factors alone then any significant news that's specific to the company should take the share price significantly higher.
There's lots to be excited about here.
TDT
Some nice delayed trades almost certain most are buys, but the volume is off the charts at the moment, confirming a strong move.
would be surprised if didnt touch 6p next week
Incredible move . Great post earlier CCC
Tin finishing the week incredibly strong, bodes well for next week and Andrada.
Latest:35,900
+1,921 (+5.65%
I thought it best to post the link Andrada used regarding future tin.
I don't think ATM could of timed the companies expansion development of Tin any better.....
International Tin Association.
Looking into the next decade, the tin industry faces unprecedented opportunities and challenges. It is important for us in the tin sector to understand what lies ahead. To build this picture, the International Tin Association (ITA) has consulted widely across the sector to see what the future may hold and what action we should take to secure the future of tin
Our world is changing fast. With rising geopolitical tensions, climate change urgency and a series of macroeconomic shocks, we expect the next decade will see the emergence of a new divided world, competing for vital resources including tin.
Tin supply chains will need to adapt rapidly to meet these challenges while also working together to manage increased Environmental, Social, and Governance (ESG) expectations and demonstrate how the tin sector is building a better future for everyone.
At the same time, we expect it will become increasingly clear that tin is a vital technology metal. It will glue together all of the electronic and electrical infrastructure needed to digitise the world and reach Net Zero. Therefore, we firmly believe that the demand for tin will surge.
For all these reasons, we foresee that the next decade will see a wakeup to tin with a new wave of government-supported investment to secure sustainably sourced supply.
As we stand together on the edge of this new era, we at ITA have been engaging with investors, producers, users and ESG experts to begin laying out this vision for tin together. We will use this framework to develop a strategic roadmap that can lead our industry to 2030 and beyond.
Thanks to all who have contributed so far. We look forward to continuing the conversation.
Helen Prins
CEO International Tin Association
4% tin now
LMEselect Tin 3 Month, USD/mt
Latest: $35,025, +$1,046 (+3.08%)
https://metal.com/tin/LME_SN_3M?type=Time%20Sharing
Zaks charts
https://www.youtube.com/watch?v=SgurfkIFsvw&t=296s