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I think this behaviour goes with AIM shares, some pi's see the drop, then realise they could of sold at say 4.90 in this case, but they feel it could drop further and panic selling now, their method is thinking they keeping the powder dry, though it could well not drop anymore and rise up, so you selling for a loss due to the transaction fees and a spread.
All IMHO
I think we all know that stock markets by enlarge are both irrational and unpredictable but I do find it so puzzling when u see 2/3 days ago it’s was 4.90 -5p to sell and obviously a fair few did and I get that after the recent rise too but what I do find odd is like today why would anyone be selling at 4.4-4.5 when they could have done at 4.9-5 p 2 days ago …
A couple of new articles, nothing really new in them from what I can see.
https://miningandenergy.com.na/andradas-first-tantalum-shipment-set-for-march-2024/
https://theextractormagazine.com/2024/03/13/andrada-anticipates-tin-concentrate-production-to-increase-from-1-500-to-2-600-tpa/
Not with $35mil in the bank
SP action odd with a large spread on the back of Tin heading north. I wonder if they are look at a raise in the background
Tin and lithium rebounding and people still sell. Plenty of news coming .
Tin breaking out over night .
Loveky stuff
Https://www.metal.com/Tin/LME_SN_3M
Tin 28200 get in there ..
Be $30k in no time
AV has avoided any sort of mkt raise so think this is unlikely, he is just trying to be positive.
plenty of facilities to get extra money if needed, and there will be some pure cash element (maybe a lot) when this damn lithium deal(s) materialises
Yesterday over 10m shares changed hands. Today, after 3 hours, it's 73,000 shares in 9 trades !! Markets sure are strange sometimes........
Another thing that AV alluded to in the interview, which will be why there's been so many parties interested in an offtake agreement for Andrada's lithium, is that they have a pre-built mine of some scale which is already producing lithium concentrate, albeit as a by-product at present.
For all the talk of lithium exploration and lithium mining, it takes years to get to where Andrada are today, admittedly somewhat by accident; which just goes to show, you can't beat being in the right place at the right time.
They've even got the fringe benefit of having thousands of tonnes of pre-crushed tailings with all the lithium still in it!
Andrada will be selling bulk lithium concentrate into what is forecast to be a demand-led lithium market in a couple of years time, primarily due to the fact that it's very expensive and takes so long to build large mining operations to the point of production - all of which Andrada already have.
The thing I felt this statement was saying is that for any future expansions they are almost self financing, which means any further raises required will be minimal which is good news in my view not bad, but I accept this wasn’t totally clear.
Plus let’s face it I don’t think anyone can say with any certainty what the tin and lithium price are going to be going forward, so that will obviously have a major impact. Currently both heading in the right direction and let’s hope that trend continues.
That is why they have a partner process on going!
And don't forget the Orion facility and the banks...
In the mean time they have $35m in the bank!
Good that av confirmed mistake in the rns date for first shipment of tantalum.
Poor that the co didn't correct the rns, something material (3 to 5% of the co ) should have been rns, sloppy work by the Nomad.
As they didn't bother I'll point this out ...
Other interesting point " almost self financing from this point " that's AIM speak for we are not self financing and will require funds.
This interview, along with today's RNS, was extremely encouraging.
AV gave an indication of the potential and scale of the business as they exploit their world-class polymetallic resource in Namibia. He used language like "absolute behemoth of a resource" and size and scale "off the charts".
Possibly from my point of view was his focus on cash generation which is expected to flow from the new circuits and tweaks to the mine's processing plant, and stating that the operational growth should be self-financing going forward,
He said the Lithium (both Petalite and Spodumene) was expected to transform Andrada from a junior/small-cap into a mid-tier mining company.
They've obviously spent a few years building the mine at Uis based on the tin potential. The tantalum and lithium are essentially in the price for free, being extracted and sold from the existing ore body using the same processing plant, albeit with a few extra bits added to it.
Take the Tantalum for example. It was stated that 90% of the revenue from the tantalum sales went straight to the bottom line as it was simply being extracted from the existing crushed ore using magnetic separators. At $200k a ton that's $180k profit and with 85 tons per annum is a profit of around $15m pa just for the tantalum alone.
There was an interesting reference to the 'EU-Namibia round table', which might indicate that our preferred strategic partner might be EU-based, rather than Chinese.
(p.s. Interesting 250k trade at 5.10 reported after the bell.)
Tin
As warehoused #tin levels decrease, the tin price rises... according to 8+ years of #LME data. In the past 12 weeks alone, LME tin inventories have dropped 35%, while the tin price has only risen 10%. This suggests there's more upside potential.
With major ongoing global supply challenges, warehouse inventories are likely to remain under pressure.
Evening everyone, just got home and read the RNS from this morning. I am more than pleased with the progress being made ,Were on the cusp of a game changing lithium partnership deal at an advanced stage.Also i think the tantalum numbers of upto 80 plus tpa are more than I expected .The size and speed of expansion this coming year is mind blowing, AV is driving us to a 1 billion dollar miner ,mid stroke top tier incoming.proper excited about this investment 😀
Added to my position today on other peoples weakness .
It would be madness for investors to ignore the Tin and Tantalum given ATM will be throwing off $60m pa on this current ramp up phase from these two metals alone. This and the fact both metals are incredibly robust markets (esp given Indonesia has stopped its exports). Try and find another listed Tin producer on AIM...
Its just a slow burn and slightly unsexy company compared to a very straightfwd explore-build-sell operation for spodumene like kodal.
but, think we will get there, its just no one really cares about tin too much (unless 30k plus), prob most not heard of tantalum etc etc
but he needs to really get on with it, he still does a bit too much jam tomorrow for my liking
I didn’t think it was a bad RNS, though the jam tomorrow brigade were probably hoping for news to sell on a rise, but now they not hanging around and departing for the now.
In the scheme of things, just a bit more patience required, though in time still looking good.
All IMHO