Member Info for Antroot

I said hedge fundies are looking to gold from tech. Not looking to tech from gold. That is speculation towards gold from overinvestment in tech.

What's funny about it?

Thanks for the link. At a macro, hedge funds are looking to rotate to gold from tech. And gold usually leads in commodities.

The sp price here is trending around 20p, expect it double once DFS hits in q1 2026. Really, that's a few months away, so possibly time to accumulate for new entrants.

Pilot plant of petallite, 40 tons sold last time for offtakers to test. I think we are all waiting for ATM to give us news of offtake agreements. And have 3 metals simultaneously being produced.

Petallite just sells for less I think because just requires higher energy input then spodumen but nonetheless ATM should be one of the few aim companies to produce lithium if it happens and sp to be rerated to double from here.

Would we expect earnings around end of this month? As previous year?

Will start accumulating here at these level.

Somewhat glad to hear they are selling off pgm bizz and concentrating in Zambia. Though risk here is single jurisdiction+ the power supply problem. But nonetheless, the play here is about expanding the nameplate capacity and not exploration etc...

Though CEO Leon; I find it difficult to follow because how off the tangent he goes and have to listen multiple times or maybe it's me.

Ok, thanks for the link. Am still unsure about the economics of both hydrogen and graphite but anyway there is compelling narrative here. Personally for a pre revenue company that has yet to start any construction and revenue start from 2030. Which I expect around 2032 or even 2035. The company also lacks deep liquidity. I expect deep dilution going into the future.

Nonetheless it's in my watchlist for next few years.

Doing my research here looking into the company.

I agree with the energy storage part in the UK is quite critical, but what I don't understand is the plan to create graphite and hydrogen from gas. This just seems unnecessary and adds complexity to a pre revenue company. Or am I getting this wrong.

No I meant when svl releases the DFS, Rio has 180 day limit to decide if they want to further JV and own 40%. But with rio's CEO being uncertain about titanium business. There is a possibility that svl will have to look for a new partner.

Whilst sapan seems optimistic about going their own way if so, the risk factor has increased as who knows what may happen in between.

Yes I would think strategic metals have come to spotlight. Especially as trump' argument for doing deals in Ukraine in matter of Ree and taking over Greenland and world oil surplus inventory built up and china restriction and tin entering possible deficit in 2026 with Indonesia pushing for mining reform and much tighter lease on it's mining as it did with nickel. Also I would think the global south increasingly wanting electronic devices as the middle classes are being made.

So there's the strong background narrative but I might add with jest even though there might be increase in production at ATM, ant will probably increase admin cost by another 10-15% 😂

One thing here is is Rio has to decide within 180 days for 40% if they want to go ahead with the JV after DFS release.

But with the new CEO they are pivoting from it. Was wondering if there is any news coverage on this, because what the heck is sovereign going to do for nearly 6 months? If that is not clarified!!

Sorry phone got fiddly.

Basically I would think institutions wants to see sustained price increase in tin. I mean heck gold producers have such high margins now. Would expect hedge fundies to start exposing to metals, albeit whereby the prices have increased.

Tin staying at 35 or above, would think hopefully ATM actually starts making profit. I mean if they don't well..

Only mentions Rome tbh and Congo. The real crux I think is institutions would like to see s

Don't know why bots is happy about UK gov taxing more people. I would think chancellor would be more then happy to implement it across all passengers vehicles for non business purposes in general.

Anyway anybody know if HBR actually sells off it's UK assets?

A question not related to metals necessarily but in general to junior gold mining stocks.

There seems to be a general trend amongst some junior gold stocks to put money in bitcoin treasury.just wondering if anyone has noticed this sort of trend. The trouble is these companies aren't well making any much money. Companies include bluebird, panther, nativo.

Was just wondering why gold companies are investing in bitcoin, instead of stacking gold instead.

Would this DFS delay maybe somewhat related to Rio tintinto headwinds, where they are in active discussion to spin off titanium bizz or even get out of titanium business.

The new CEO hasn't confirmed or denied it but there question is what is Rio going to do with 19% stake? Would they sell it off?

If sovereign does decide to go ahead with the development the cost to build would cost about 650 or let's just say 700 million USD. So I am guessing this would require major dilution or a major JV partner.

Yes, I think the next RNS will be vital. They have partnered up with SQM but can't find buyers for the petallite? So it feels a bit odd.

Another thing to note is that Ant has also stated that there is 1% grade in uis ore but possibly have to dig deeper but now they are off with litigation at Goan mine, which might take a while or forever. But the main thing is there is no sense of future guidance or milestones so its certainly giving off uncertainty to the market.

Whilst it's understandable that the tin mining is new and new people requires training etc... it would be good if Ant communicates in a transparent manner of challenges that they would have to overcome. Just got the feeling Ant is all over the place in terms of execution.

So, I guess it's a hold for now and we shall see what the plan is next month.

I would think next 3 years would be the exploration before any fid. And possibly another 3 years before anything comes online, so would be looking at after 2030, before any revenue comes through. Also has to note this is the first time SQM has been in Africa or in Namibia.

That's good to hear that the email was replied.

Though the outsourcing of the ore is fairly recent.

What the main question is the details of the petallite offtakers agreement since that has been the plan for the last 3 years. There has been no details of it as the plan was that lithium or tin will pay for the operation and either tin or lithium would be for free.

This hasn't been forthcoming so people can accurately model fcf, or when it will come online. Is it in 2026 or 2028, even though the plan was to sell by 2025 end.

"Construction of the Jig Plant was completed during the Quarter on time and on budget, with commissioning initiated at the end of August 2025. (See announcement dated 21 August 2025)".

The hiccup has been getting ores from guan.. that is there is no update from it. But I would think the mineralogy from uis is not so different from the guan..or maybe they are.

I haven't seen that they are still constructing as commissioning started end of August. I would expect at least 90 days before it ends but in this case due to ongoing issues with conservationist and tourist board, it may take longer to sort out.