Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Https://x.com/SwazersC/status/1788530667405426815 https://www.tradingview.com/x/p0g6U8vq/
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 ;-)
Probably one the best discussions I’ve heard regarding tin .
That's an interesting listen, thanks for posting.
Just in case anyone doesn't know, Hadley Natus is founder and CEO of AfriMet, who are ATMs Tantalum off take partner, and who also own 3.6% of ATM.
I did tricky yea
Did you pick up on Hadley Natus mentioning Andrada?
TDT
One the best podcasts I’ve heard regarding tin . Listen to do its well worth it
https://x.com/moneyofminepod/status/1787336839856283760?s=46&t=5mOEYzBTM8ZZ17RcV_E7Zw
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 .
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.
Five weeks is a blink of an eye, yet people are becoming impatient. Surely, they understand that these things don’t happen overnight.
Fully appreciate the actual strategic process has been ongoing for a year, but let’s remember the last significant update was just five weeks ago and all seemed on track!
Since the launch of the Strategic Process to identify an appropriate partner for the lithium development, leading international organisations within the lithium value chain have visited the Company's assets in Namibia, have conducted mineralogical test work, and have implemented detailed due diligence. Andrada has narrowed down the various non-binding indicative offers that have been received to date and discussions are ongoing with the objective of progressing to final binding bids.
The Company is encouraged by the keen interest that has been shown and will work expeditiously to make a value-accretive decision for its shareholders. The Company will keep the market updated as matters progress.
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