Member Info for MB11

Floor in from the 6p pull back, RSI oversold and buy limits down.

Should pass the 6p on the next wave as we wait the Q2 lithium plant

Strengthening the board as things set to gather pace for Andrada with the lithium.

Glen Parsons, Andrada Mining board Chairman remarked, "On behalf of my fellow directors, I would like to welcome both Ms Gida Sekandi and Mr Hiten Ooka to the board. Andrada is rapidly growing into a major tech-metals producer. Therefore, Gida's extensive regional knowledge as well as experience in sustainability and ESG requirements in mining and financial services industries and Hiten's broad experience in strategic funding structures, mergers & acquisitions and governance will contribute to Andrada implementing appropriate and leading practices as it grows and reaches its stated objectives."

When is the ex div date?

The Chinese are snapping up resources all over.

https://www.ft.com/content/02d6f35d-e646-40f7-894c-ffcc6acd9b25

Andrada a covered company in a FT lithium article on China snapping up assets in Africa

As one example in 2021 a Chinese company Huayou Cobalt purchased Arcadia, in Zimbabwe for $422mn.

"part of a recent billion-dollar wave of Chinese lithium deals in a country where many western investors fear to tread"

A pilot plant being built by Andrada, a London-listed miner, should produce its first batch of concentrated lithium by the end of June, using ore mined from the resurrected and expanded tin operation.

The facility will conveniently lie less than 300km from Walvis Bay, a major regional port. Anthony Viljoen, Andrada’s chief executive, believes the region will be “globally significant” not just for lithium but other metals critical to the energy transition, such as tin and tantalum.

“The first wave of Chinese investments has taken place and that has led to a rude awakening for western companies,” Viljoen tells the Financial Times after a tour of the site of Andrada’s plant.

A Chinese corporation named Gochin has shown a readiness to invest $10 billion in Afghanistan’s lithium resources

China has strengthened its economic relations with the Taliban since the Taliban retook control, with Chinese businesses offering investments in Afghanistan.

A $540 million agreement was struck in January 2023 by Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) to extract oil from the Amu Darya basin in northern Afghanistan.

Bloomberg claims that Chinese mining firms have long wished to get access to Afghanistan’s substantial lithium resources, which are worth an estimated $1 trillion.

Chinese company offers Taliban $10 billion to help acccess lithium deposits

https://millichronicle.com/2023/04/chinese-company-offers-taliban-10-billion-to-help-acccess-lithium-deposits.html

Some of the highlights from the last set say it all about the lithium resource here.

Pegmatite was intersected in all holes at the depths and apparent widths predicted by the geological model.

§ Significant pegmatite intersections include:

o 113 m at 0.167% Sn, 68 ppm Ta and 1.15% Li2O for the drill hole V1V2053, from 113 m to 226 m:

§ 59 m at 1.62% Li2O from 163 m to 222 m

o 114 m at 0.164% Sn, 85 ppm Ta and 1.15% Li2O for the drill hole V1V2063, from 151 m to 265 m:

§ 48 m at 1.51% Li2O from 216 m to 264 m

Watched the recent crux interview.

This is a no brainier on the lithium they have and the news to come on it, will be a huge move here soon.

Probably one of the most realistic lithium prospects out there.

Chinese very much hovering around in this area also.

It is just a matter of sit tight, value will come through as the interims and full year reports flow, with actuals noted and forecasts updated.

As we stand the hard set of figures are the end of year FY 2022, which was to July 31 2022. There were revenue at £6.6m, net cash generated from operating activities £2.5m and Profit £1.4m. The next report will be the interim which follows the 6 month period to the end of Jan 2023, with the full year in July 2023. The forecast for 2023 is for Profit of £4.1m.

Based on actual results for 2022 and the current market cap of £11m Europa is trading at a price to earnings ratio of 7.8 based on actuals. On the forecasted £4.1m profit for 2023 that is a proce to earnings ratio of 2.6.

The current valuation is ridiculously low.

As we his 2023 actuals starting with the interims following the half year end of January 2023 and with the upgrade possible through gas monetisation, increased oil lift and further asset acreage wells Europa will seriously re-rate to around 3pm /!£28m imo which would be based on forecasted profit figures based on current production £4.1m (p/e 7) still be a lower price to earnings that current 7.8.

Impressive numbers and projects here for a £6m cap company.

The fact here is a low risk appraisal of a previous oil field find in the North Sea, probably the best place at the moment to be heading towards a producing asset.

Any hint that its a good appraisal well, the impact will be substantial for both i3e and Europa O&G.

Also adding more at this level, North Sea is probably as good as it gets in terms of developing now and this is an appraisal well.

Taken a position, rig mobilisation next.

Looks like the trend has reversed and we could be sailing much higher in the not to distant future

The quarterly report is due, was out on the 11th last time. This could well be a record quarter for the company due to the commodity price strength throughout.

Block Energy is due a major move, the quarterly report could be the catalyst.

Agree bobby, this is the best position they have been in, and with the way oil price is going the income is making a huge difference. News on the next bit of activity I am sure will be out with mobilisation very soon.

Reduced risk on this drill, re-entry and running a horizontal along the sweet spot in a proven area.

Also very quick monetisation.

GL All

Try that for Friday Sounds