Member Info for LlamaFarmer

The RNS is pretty clear, how much is 12 months cash runway for Awaken and SVNS combined?

The BOD are good, the products look to have promise, how much dilution is coming?

That's what's holding investors back from adding here.

Looks interesting, be aware, after they've printed new shares for current issued share capital and then the warrants there is then a 12 month funding round required.

" the procurement of equity fundraising by the Company to raise sufficient working capital for the requirements of the enlarged group for a period of at least 12 months;"

Add those numbers up from Accounts vs the RNS and scratch your head.

2024 Accounts

The average number of staff during the period was 283 (FY 2023: 219) with an average total cost per employee for the

year of £24 015 (FY 2023: £23 102). Emoluments of £341 199 including £53 652 of share options and shares to be issued

(FY 2023: £305 270 including £90 081 of share options and shares to be issued) were paid in respect of the highest-paid

Director during the year

Todays RNS

Of the outstanding balance, employees with entitlements to bonuses amounting to £390 767 have elected to convert their bonuses into ordinary shares in the Company, with the remainder waiting to receive their bonuses in cash at the discretion of the Remuneration Committee. Accordingly, the Company has today issued 17 391 447 Ordinary Shares (the "STIP Shares"). The price per STIP Share was set by the Remuneration Committee as the 30 - day VWAP of 2.251 pence as on 11 February 2025.

Wonder if any of those were forward sold into that rising market?

Lol,

Re: Directors purchases.

Careful what you wish for.

Trawled through Twitter, copied some posts from today.

1.7p would be interesting to revisit? hold for one year and take 6.2p again?

April 2020 1.7p

September 2020 2.2p

April 2021 6.2p

April 2022 7.9p

Before they had Tantalum, Lithium and the second tin line going in, with a short squeeze on tin prices developing

Today 2.150p

Somewhere around here is where you start loading it up

Buying more #ATM is getting more & more tempting...

I feel anything low 2p range is a brilliant price for some upside..

Sooner or later the sellers will be out and #ATM will go on the mother of all runs

#ATM bizarre selling here given #tin price is flying with no signs of slowing down. At a time when tin production at #ATM is being ramped up....

dont mind if I do

Small cap mining investments can be broken down into.

exploration, discovery, development, production and reclamation

ATM under AV's stewardship is in between the development & production stage.

It is usually the point where investors are in a loss making position, the point where it all closes and everyone loses all their money or blossoms into mass production and everyone is a winner.

At this entry price it is weighted to take a position.

Will it require more funding from here - YES!

AV said in his last interview they are looking to get the Banks involved into further funding i.e. further funding with no more dilution.

The second Tin line is on (expensive) short term funding so that they hit the high tin prices as he expects them to rise into a squeeze point, that then opens the lines into Bank funding.

Bank funding - cheaper, longer term, secure facilities, at that stage it is a confirmed junior miner with the opportunity to rise to a mid cap.

I don't understand the negativity from this point?, I get it about last year or the year before, or the year before that as I've followed the story and watched it unfold and read your comments.

From here on in with a stable or rising Tin price this has a real opportunity of becoming a mid cap, or of course going bust.

It's always had the opportunity of going bust, its not had the upside before now?

Yes Jam tomorrow, sponsored by Tin, Tantalum and Lithium.

You are missing what he was saying in those sentences.

Anthony Viljoen:

"These are the critical raw materials that people are looking at, so ..we've got the competitive advantage of being in production, people need to understand that production cashflows are everything"

Hi Peking Duck,

If you listen to the end he does say its all about cashflow.

The staff will already be leaving, this place isn't friendly, at the first hint of trouble everyone mothballs their mines, disables the plant, drains the fuel and leaves.

I know its 5hitty but it is also realistic, we are game on gentlemen.

"The safety of the Company's employees and

contractors and compliance with the DRC and international laws remains its committed focus.

The Company is closely monitoring the situation as it continues to progress, and will provide

further updates if required."

One point on these mines being threatened is that the staff tend to return home or move away for safety, they need to eat so will work elsewhere.

This is true in DRC and in Myanmar.

Myanmar is still very closed off, foreign visitors are allowed into certain Government controlled areas ( the triangle), other unsafe zones are blocked off so that the outside world doesn't get to see how the population of many different ethnic tribes are governed.

This means that even when the mines are reopened they are initially operating at their artisnal levels until the workforce can be coaxed back with guarantees of safety and good working conditions.

Having spoken to a DRC mine owner and hearing some of the stories and logistical issues they face none of this is surprising.

The current state of play appears to be that tin levels are still reducing in London and Shanghai, manufacturing hasn't reopened in DRC or Myanmar and someone is still selling ATM stock, but the market is absorbing it quite well.

The tweet of the Lithium offtakes and the second tin line look to have helped this uptake continue.

That rather depends upon cashflow in six months time.

Orange Trust are supportive but they are not free.

I would imagine that the loan is repaid from cashflow's from increased tin sales, but equally if business is good and tin prices still high the option will be there for a miner to print shares.

Tin prices could spike much higher due to Myanmar's reduced output, that is why ATM have gone for the second tin line at this point and why Orange Trust have been supportive.

PekingDuck,

You commented: "Well, you do if its to provide ATN with another funding lifeline, as Orange Trust has done many times in the past. In order to protect the value of your present investment and loans."

That is a good point, this further investment does protect their current investment and loans, to be able to grow the tin production so quickly, efficiently and cheaply is, as they say, a no brainer.

The touted stage two investment was in my opinion, going to wipe out all existing shareholders and was why I was watching and not investing, it will not be a surprise if, in six months time Orange Trust tell AV they don't want to be repaid in cash but would prefer more stock.

I have been watching Afritin/Andrada for quite a while now, as part of that research I looked at AV's C.V and noted that he left South Africa to set up Afritin at UIS in Namibia.

I noted the timing of Bushveld Minerals imploding and AV leaving with one of their unused assets?

The tweet by ATM on X today advises us that they are talking to more than one Lithium off take partner.

This petalite concentrate offtake has been sent to a Japanese Co, the Japanese are known for supplying quality battery's at a premium price, to be able to do that they use quality materials from reliable supply chains.

There will be many underwater and/or disgruntled investors in ATM, and due to the previous closeness of the Directors some will also have had exposure to Bushveld Minerals, I understand and respect the negativity from those quarters.

At a point in time the struggling, junior miner either ceases to trade, or, it turns the corner and sells its products.

To find out which that will be, you have to have both eyes firmly set upon China, USA and Japan.

China looks to be letting Tin go on a run as there is short supply?

If this perfect storm does develop I could see this overvaluing up to the 10 -15p range.

As I said before the juicy tweet from them today, Uis is a licensed and operating body.

I am waiting for the next RNS.

"...this arrangement enables Andrada to evalute and access additional mining regions."

$2.5m borrowed.

Namibian Government has removed a Chinese Lithium miner who disturbed locals grave sites.

The 2000 or so Artisnal miners are organised into a trading group, licensing was an issue.

Licensed Namibian Copper mines are reopening (Copper and tin are fo8ind together).

Larger licensed (i,e Rio Tinto) Uranium miners are in the locality.

You don't borrow money from an existing funder and share holder unless there is a deal to be done, you may have an outline conversation about funding one, you may sound out a facility and get a list of requirements from your lender.

You don't take the money and release an RNS unless there is something physical to be done?

Uis is a licensed and operating body.

I am waiting for the next RNS.

Last point.

Again agreed it's a slow burner, until of course it isn't.

Orange Trust have provided the 6 month loan of $2.5m.

They own 15% of ATM.

They would probably like to take a larger stock holding if the company achieves what is laid out in the RNS i.e no disruption to current tin,tantalum and lithium production, progression of lithium and offtakes from local tin ore producers.

In 6 months time if ATM don't have $2.5m in cash from the second tin line and decide to print more shares then Orange Trust are probably the safest hands to hold them as they haven't been a seller?

It's a clear win win!

Without more dilution.

Nesty,

Yes agreed, I've been watching ATM since 7p and waiting for it to to progress its different product lines and redip to 2p before buying in, I was expecting some very heavy dilution to get it back to 2p and increase the tin production with a second line, for the company to have achieved that with more dilution is an achievement that seems overlooked by the wider market?

This second tin production line stabilises everything, the different ore grades when read in conjunction with the quarter upgrade of current tin grades makes a lot of sense for them to be able to offtake from local producers as well as use their own resource.

What they have been doing with the Lithium assets could take this back up past previous highs?