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I've sold all my KOD the last earlier this week because if there is a delay RNS it will hit the sp hard thus providing a further opportunity to buy in and off we go again.
So far there is no news of delivery payment if news does arrive I'll still re invest.
Meanwhile here the dilution happy Mr BELL ,much as I do not like his untrustworthy approach to business provides a decent trading opportunity for those prepared to take the risk.
I think you misread the context, I am saying little will happen to Prems sp, not that there is little activity within prem ,obviously its all happening and all that implies.
With regard to KOD, further delays will result in a lower SP presenting a buy in opportunity.
I sold all my holdings in KOD at profit,the last a few days ago,in case there is further delay news so ready to buy in again .
Here although it was tempting to buy in,I didn't bite,now there is a whole new scenario which has destroyed the sp until the FM is lifted little will happen.
Prem won't lift the FM until one of two things happen-they fulfil the delivery contract and/or they refinance.
A dichotomy of views.
The points you make are valid although experience suggests PIs become impatient over such a long time line as all they want to see is profits on their investments asap which won't happen hence a bolted on sp fall away looking at the lower 20s for the moment.
Great,So full information about the development.The follow on will be staged RNS releases as the plans are implemented and are moved forward.
Problem is the sp will begin to languish and drift away as there will be no production until 2025
So on the watchlist for at least a year to 18 months allowing for c*ck ups and delays,the advantage of waiting being a much lower entry price.
Project notes;
Other Industrial Minerals Projects (Nevada)
• NewPerl Perlite Project
• Jacksons Wash Perlite Project (under option to Kinross)
• County Line Diatomite Project
Precious Metal Projects (Nevada)
• Clayton Silver Project
• Bay State Silver Project
• Myrtle Gold-Silver Project
• Newark Gold Project
Australia
• Baker’s Gold Project
Royalty Interests (payable by Golden Metal Resources plc)
• Garfield Copper-Gold Project (Nevada)
• Stonewall Gold Project (Nevada)
Basically Three key industrial mineral projects:
• CS Natural Pozzolan-Perlite Project
• Hazen Natural Pozzolan Project
• Pioche Sepiolite Project
So news from all 3 around or before before the end of the year .
Exploration pipeline
The company has definitively caught the lithium bug, and is continuing its Namibian exploration programme in search for further commercially-exploitable deposit of lithium-bearing rocks in its tenements. Seventeen holes were drilled on ‘Spodumene Hill’ – Andrada’s ML129 licence – with the programme completing in April this year. The company was also sampling ‘Lithium Ridge’ its ML133 licence.
As well as being in production, keeping construction to schedule and energetically completing an exploration project, management at Andrada have been keeping a check on the pocketbook. The average operating cash costs have weighed in below management expectations with all-in-sustaining-costs being USD21,377/tonne of tin, below guidance of USD25,000 to USD30,000/tonne of tin.
The company also availed itself of some cheap money, securing a USD5.5m facility from the Development Bank of Namibia earlier this month, which will be ready to draw-down in July. Becoming a player in the global lithium game has raised the profile of Andrada,
and the mining company secured Barclays Bank [LON:BARC] as its strategic advisor on its lithium project in May
and started to trade on the OTCQB Market, an American financial market, eartlier this month, triple-listing the company on AIM, the Namibian Stock Exchange and OTC.
All-in-all it’s been a good year so far for Andrada, with Anthony Viljoen, chief executive officer, saying in a statement to the market: “The milestones achieved during the quarter have laid the necessary foundation for the accelerated growth we expect for the balance of the financial year. We have demonstrated the ability to produce saleable lithium concentrate. The completion of our on-site bulk-sampling plant remains on track for completion this month and will expedite the metallurgical testwork required to bring lithium revenues onstream.”
Andrada Mining is making money
What made Andrada stand out from the gamut of other AIM-listed mining companies was that it is in production, through its Uis tin mine, which is making money on tin mining alone, meaning that the company can finance its own exploration drilling, and doesn’t need to go cap in hand to investors with tedious regularity to raise money to make a small hole in the ground a bigger hole in the ground.
The company published an operational update to end-May. The company was “pleased to announce” that it had increased tin production by 50% year-on-year to 359 tonnes. The seam it was mining also showed improvement, with a 42% year-on-year increase in tin concentrate to 216 tonnes.
But the big news is that Andrada produced its first sellable bulk lithium concentrate in partnership with South African mineral-processing specialist Bond Equipment. The firm produced a 85% concentration of pure petalite at a grade of 4.16% lithium, which was sent off for testing to a number of potential industrial offtakers to see how much lithium carbonate and lithium hydroxide could be refined from the concentrate – both essential components cfor the renewable energy sector and lithium-ion battery manufacturers.
Again, unlike many of its peers, Andrada managed to keep to a schedule and finished construction of an onsite bulk sampling pilot plant on budget and on time. The plant should be commissioned next month.
If things go to plan, Andrada should start seeing lithium revenues during the second-half of the year.
“We hold one of the few fully permitted and undeveloped natural pozzolan deposits in the western US, momentum is building for natural pozzolan, and we believe our CS and Hazen Pozzolan Projects are well placed to help industry in pursuit of its net-zero goals,”
“In addition, we have a largely overlooked but valuable portfolio of precious and base metal projects that can provide additional growth opportunities in future.
The asset base is an attraction for the long term; not too long before we get some new momentum into the sp.
The company has hardly had time to get moving only being listed 6 weeks ago yet Oliver has already achieved a major off take agreement for the Pilot Mountain Tungsten( project wholly owned by GMET )with GTP even though its an LOI subjective to the usual caveats I have no doubt the LOI will turn into a contractual agreement as PM is the US.G only home supply when its Tungsten supply contracts with China cease at the end of 2025.
Oliver has often mentioned the US.G special fast track funding /development policy for financing projects for which PM is eligible so at some point we can expect more news?
so
This from the report-
'It is widely agreed that a non-invasive liquid
biopsy that could harvest CTCs for analysis
on a repeat basis would have a profound
impact in understanding the patient’s current
cancer status and evolution and ensuring
the optimum treatment is deployed for each
individual patient at that timepoint'.
Worth an investment despite the previous over ambitious mismanagement and the ignorant dismissal of PIs
For info.,
The speed of development in the battery materials sector has picked up particularly over the last couple of years as the US, Canada and Europe changed their regulation in favour of domestic production. At the same time, some of the key net zero and EV deadlines are coming closer (such as Norway’s ban on fossil fuel cars from 2025), concentrating industries’ minds on meeting regulatory targets.
At some point this share will really bounce.
The company has had since the 19th of April to raise funds to sort out its finances to meet Sydbanks now negotiated demands,their next payment to Sydbank is due in 3 days time.
Possibly next RNS will be concerning a minimal privately funded cash raise of less than $400,000 or a cease trading notice followed by delisting.