Member Info for DeffoTheLastSpin

No doubt people know about the ongoing research by miners into the feasibility of dredging the ocean floor for the mushrooming tonnages of manganese, nickel, cobalt needed to produce the rechargeable lithium ion batteries, supposedly to save the world from CO2. It seems there is widespread concern that land sources may not provide enough of these metals and, so, we may have to dredge the oceans, it has been reasoned That sounds rather damaging to the oceans' ecosystems and utterly bonkers. All sea life would, in some way, be affected/harmed. A lot may go extinct (as if Chinese fleets of factory-fishing ships weren't a big enough threat). There is an article aboout this potential show-stoppper in today's Guardian. It can also be read on the newspaper's website here: https://www.theguardian.com/environment/2023/mar/26/deep-sea-mining-for-rare-metals-will-destroy-ecosystems-say-scientists

As I was searching within the Investing.com website this morning, looking for graphite/graphene producers as a possible second row attack in my rechargeable batteries play, many lithium producers/miners, naturally, were returned, along with many news articles. A number of these covered Glencore's ambitions in Argentina. Others mentioned Soquimich (NYSE:SQM) in Chile. That there are a good number of small prospecting companies scouring South America, mainly for Brine lithium, was made clear. However, there was not one mention of Namibia as a source of rock or brine lithium. Is it possible Namibia (or Africa) is seen as a less desirable jurisdiction than Argentina??? The latter is in the habit of going bust every 20 or so years and needing IMF assistance. It's hardly a stable country, as one could say about many of the nations due south of the US. Venezuela, for example, managed to scare off it's entire oil industry workforce when the coup happened, leaving enormous oil reserves but nobody who could extract it (like Russia has done with its Siberian wells - previously kept functioning by foreign nationals). Has anyone any thoughts about Namabia and whether it may an image problem in the wider world? I know it is a (relatively, for Africa) stable place, politically and economically, but is there something in its past that is standing in the way of major international business investment? Any clues or links to answers will be much appreciated.

TT

I am with you all the way on steering clear of biotech. I have held several over the years, including the giants - GSK and AZN. Glaxo's divs are great but the SP never went anywhere - plagued by lawsuits, as all are apt to be. In the US, they're seen as fair game. The others - start-ups - always ran into funding problems and diluted themselves out of my portfolio. I look back at them from time to time, but none have made any progress worth mentioning.

Glencore makes up a good chunk of my portfolio too. In the past, I have cashed out profits and ploughed them into ATM. No doubt I may do so again should the wind be blowing the right way.

That's proper commitment, that is. Bravo.

The percentage I gave was the monetary value of my entire SIPP portfolio at the time of posting. Of course it will change minute by minute.

The SP and MC certainly are eye catching, and the mobile version of the website was slickly executed, but it was all fluffy with media buzzwords like sustainability and diversity, with entire paragraphs repeated again and again across the whole website. There was very little detail to get one's teeth into. So, Pilbara gets an A+ for Performance, B+ for visual presentation, a C-for communication via their website.

My qualifications for this somewhat scathing review? I was a website designer for BT for and for two well known fund managers for a total of 15 years, before I early retired.

Without meaning to provoke any feelings of envy between our group, who are exclusively positive contributors to the chats, I thought a little gentle competition in the form of who has the biggest allocation of their shares portfolio to Andrada. The prize gets to sport the badge of "ATM's #1 Supporter". For reasons of privacy and modesty the game must be played in terms of percentage holdings only.

I will start: As of this moment I hold 35.2%. it's a startling figure but I have an illness that curtails my expected lifespan. So, I fancy living it up a bit on ATM profits while I can.

That holds good in normal, economy data driven, circumstances. But I feel the imperative placed upon governments to meet the kill carbon Paris Accord will cause taxation to be eased on the ways and means of achieving their comments. Every government signatory to the Accord will have to (try to) make it happen or risk international condemnation at least, and probably harsher consequences.

TDT

There is more than one ways to value a public company. The most reliable is it's audited accounts, though these are always at a past date. The most available current valuation is, of course, the current share price multiplied by the number of issued ordinary shares.Investment.com Pro, UK puts ATM's market value at £113.9m, based on 7.4 pence PS. That's how I and most other investors guage it, not by analysing rough estimates of the prospective value of a discovery minus amortised expenses ,as included in the P&L Account. It's not what investment analystd do, either. And by, the way, Investing. Com Pro has a consensus 12 month target price of 27.5p., which would value it at £435m. Let me know if there's anything else you don't understand.

[TDT's ATM chat posts count: .2,408]

TDT, you're not as tricky as your choosen handle tries to suggest. I don't read the Daily Mail or any daily rag. I am a free-thinking scientically-minded user of logic and observation. I am an atheist, though well versed in various religious doctrines being a psychology, politics and history buff. These three disciplines serve to inform us as to the reasons people hold certain beliefs so irrationally. The Climate Change narrative is clearly a factor behind your obsession with Lithium (2000+ chat posts?). You ought to get out more. It's not healthy.

TDT

You asked me "Have you put a value on what has been drilled and measured up so far?" No, how could I when the hole/pit drilling and assaying is ongoing as well as the processing techniques being undecided. And even if a figure could be placed on it, it is expected future profit margins that determine a company's share price. And those are affected by many factors where operations are situated in less than perfectly stable world regions.

TDT

If you were referring to my inability to put a value on Andrada's assets, I have a large and varied portfolio, and while I do read Company Announcements, Earnings Reports, projected income and expenses, valuations of IP etc, and so on and on, I don't always have the time to review past figures, and thus, like many others I rely on subscription financial sources for prices, buy/sell signals, warnings and current valuations. Is that being ill-informed? - Outsourcing the data collection leg work to others who are paid to do it?

ATM's products are a massive growth market, driven by the Paris Accord, an utter white elephant, if I am asked, but the oil and coal haters have won over the politicians, teachers, and students if not the whole of the scientific community, the previous desenters of which have gone mute - afraid not to concur with the new gospel for fear of being burned at the stake as heretics, (and lose their research funding). So, Lithium isn't cyclical or economically driven like Gold, Silver, Iron, Nickel, Aluminum and the other traded commodities. It is the Ark of the Covenant. None dare question its future role in saving us from our sins of wanting to have warm homes and cars that don't cost £40k to buy, weigh 2 Tons with £10k's worth of battery packs that need replacing every 5 years. Therefore, as the world's supply gets used in Tesla cars, Rivian trucks, giant electricity storage farms the size of Kent etc, it will only rise in pricw. Andrada's management must know all this, so I would be shocked if they sold out to a big player like Glencore, shortsightedly, or at a price less than the huge projected discounted future profit returns.

My pleasure. We're all here to support and aid the group.

The Real Name 'O* the Game is getting these blockbuster RNS' into publications of the FT's calibre. Seeing this just now lifted my spirits. That and a double scotch at 04:30, to anaesthetiae myself for what will almost certainly be another choppy days trading.

Thanks but I am already knee deep in miners, including Glencore and Newcrest. Glencore, being shrewd and forward looking with a long track record, is actively pursuing a joint venture in Argentina to create a major lithium supply for the inevitable zero-carbon future. I wouldn't be surprised if they also cast their eye Andrada's way once production was upscaled and wider deposits proven. substantial. Here's a link to the Bloomberg article: Sorry if it's already been posted in Chat.

https://www.bloomberg.com/news/articles/2023-06-30/glencore-is-said-to-back-eramet-lithium-plant-for-future-supply

Not I, TDT. I defer to others here with a deeper knowledge of the mining business. I base my assertions upon the consistently positive published updates and the insight gained from the well informer regulars on this site and others. This isnt the only AIM mining stock I have pitched in with. I lost a packet a number of years back on Leyshon Resources (gold) which educated me the painful way on what to look for in a well run small miner. I ought also to say that I am also a former Rio Tinto employee, at their St james' Square HO, London.

Agreed. The potential revenue form Uis and Spodumene is unfathomable, though much drilling and assaying has to be done to establish the true value. But the signs are all positive and so making a proportionately disproportionate allocation to ATM is justifiable, if only in my own mind. And positivity towards the project is, afterall, it's lifeblood. It encourages the projects magement, gains wider press coverage and raises the SP, making additional share issuance less likely, thereby protecting out investiled capital. Reasoned promotion of the project can because a self-fulling prophesy. So, let's remember to shout about it when it is justified.

I don't know about anyone else, but when I read about Spodumene Hill, I can't help but think of the (now defunct?) fast food outlet, Spud-U-Like. :-)) Silly,but small things please small minds, as the saying goes.