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On the Andrada twitter account on 12 July they stated:

“Exciting news! Andrada Mining has received the first shipment of the Metso crusher equipment, right on schedule towards the construction of the pre-concentration circuit. https://polaris.brighterir.com/public/andrada_mining/news/rns/story/xq88nlx

Stay tuned for more updates as we continue to progress this exciting project.”

Which was excellent communication at the time, but it would have been great to get the odd additional update in the subsequent progress in the following 4 months? Come on Andrada, a few pics, a brief twitter update on progress, it’s not market news, it’s just staying engaged with lth’s?

Would be good at this point for AV just to reassure investors that the ore sorting is still on target, as that’s the key for me. Get that AISC down, volume up!

The other stuff will come good but that’s much longer term.

Could it possibly be Sinco or SMU as with the transfer of ownership rights for shares neither were above the 3% mark and the transfer price isn’t far off where a lot of these have been sold, so they aren’t taking a huge hit?

Unfortunately it just takes one large seller and few buyers to produce this effect and sprinkle in a little “what’s going on” for some others to sell and here we are.

Hopefully the increasing tin production, lithium ridge deal and Banberg west drilling will go as planned but unless AV has another joint venture up his sleeve for BW then unfortunately I think this will be a bit of a ping pong ball for the next couple of months until the ore sorting is installed and producing. Obviously, if tin decides to go on a tear before then this will pick up interest very quickly.

Personally, happy to add a few more at these levels but getting too close to my allocation limit to add large volumes, so will just sit tight until next year.

Sometimes you do wonder what’s going on?

Partner process resolved with major lithium player.

First batch of results in from Branberg West, which looked good on the tin and tungsten.

Tin price comfortably over 33k.

Yet here we are again in the low 3p range, go figure!

I’m sorry PD but with the tin price at 15k per ton years ago exactly how would they have funded a multi million pound raise?

Sure, with a crystal ball you’d be making good money by now, but no sane company is going to do that on the hope it comes good. Sure like many recently we’ve been a little frustrated with the lack of news but I’m happy with how they’ve managed to get where they are and not massively diluted the shares.

I’m happy to add a few more down here, if it goes lower I’d be surprised but would happy to accumulate more. With tin still around 30k, 30% hedged at 33k and their current AISC around 25k it’s the right side of the equation!

Well they now have 100% of their assets as they wanted, let’s see what they do now!

Odd, it was an inoffensive reply as far as I recall?

You’re obviously completely welcome to post what you want but as you’ve called the bod crooks and thieves it kind of suggests to me that you’re not happy with the company, and let’s face it when all said and done the bod runs the company. If you feel this strongly about the bod then how can you have any confidence in the future of the company?

I’m not entirely happy with the communications either recently but on the whole I’m happy with AV and the bod as I quite understand that when they started this partner process:

A) the price of lithium was significantly higher.

B) the share price was significantly higher.

With hindsight I wish this deal business had never even come up as I think if they’d just concentrated on their own plan the share price wouldn’t be where it is today, but it is what it is.

Trying to get a deal done when both these are moving against you can’t be easy! I know in the past AV has been very keen not to dilute the share price significantly which I appreciate.

Let’s just hope that they get this sorted out asap as it’s a complete millstone round their necks currently.

I really don’t get why people are invested in shares they hate, it makes no sense to me, if you’re not happy sell up, move on and invest in a company you’re happy with and save your mental health, and ours!

The future plans sees tin only contributing around 30% to 40 % of revenue.

The ore sorting has already been paid for which will further lower the AISC early 2025.

They have hedged (30%?) of tin production at $33k so this gives them protection.

It feels like some people are starting to write this company off. Yes there have been some stumblings and not the greatest communication at times, which has been disappointing, but this is far from a company in any kind of trouble and as soon as they sort out the partnership issues out the share price will recover.

First off let me say I’m a long term holder of these shares and think the future looks incredibly good, if managed correctly.

However I do have some major concerns over the Petalite production and off take that would have been a game changer, and hopefully will be at some point.

In the operational update in November last year it was expected that by the end of March 2024 there would be production of 250t per month of Petalite concentrate from the pilot plant, then in the March update this dropped to 100t per month.

On the 12th March a strategic process review came out that stated they expected a 30ktpa run from an expanded Petalite circuit. The Company expects the petalite production to contribute substantially to overall EBITDA and anticipates that funding will be through existing lenders and or new finance partners as required, but no timescale on this.

I would desperately appreciate some clarity on this, is the pilot plant not performing, if not why not? If not then does this have implications for the planned Petalite expansion circuit?

Are the partnership talks relating to the expanded Petalite circuit, as this looks like requiring major financing, Spodumene ridge or Branberg West or perhaps everything?

Where are we with an off take agreement for Petalite, in November of 2023 it stated that samples have been produced and ‘the Directors are pleased with the progress being made on discussions for a petalite off-take agreement’. That’s well over 6 months ago now?

An honest operational update that lays out the current situation and timelines for proposed expansions would be what I’d like to see, for sure we’ve all seen that timelines can slip, especially in mining, but at least this would show a roadmap that would instil some confidence as that seems to be in short supply here currently!

What I can see is whoever is buying at 3.7 is soaking up a lot of shares, well over 1million so far.

As the great Mr. Buffett says “The stock market is a device for transferring money from the impatient to the patient.”

Hopefully our long term patience pays off sooner rather than later!

Sure, if money was unlimited why not spodumene hill and spodumene ridge? But it isn’t so let’s just focus on the better of the two prospects? I’m pretty sure ridge will be large enough to keep us going for many decades to come!

Doesn’t mean spodumene hill is a bad prospect as AV said in the results, but can’t see what’s the issue here duck? If they can trade a resource they aren’t planning to develop to minimise shareholder dilution it seems a no brainer to me.

Certainly think AV needs to have a conference call for shareholders ASAP, there’s a lot that needs clarifying from my standpoint.

This is the first time that I don’t feel AV has been totally upfront with details on the partnership and as a shareholder this makes me feel a little uncomfortable.

As for the tin side I’m ok with progress there. I certainly get the feeling that if this damn partnership news had never come up in the first place the share price would be significantly higher than it is now, it’s now turned into a millstone round the neck!

Hopefully it’s just a distressed seller wanting to get out rather than any nefarious holding down the price, but I have to say it looks like several million shares bought this week and a few hundred thousand sold and we’ve dropped considerably, very odd.

It’s a little frustrating that every time we get a little traction above 5p it’s hit with a wave of selling. Unfortunately it’s now become such a common event that I think people are now are selling on the expectation that it will happen, hopefully this pattern gets broken when we get some positive news!

Personally I’ll be looking with interest at the tungsten results, with China producing well over 80% of the worlds supply this could be a key metal being produced outside of China.

I’ve been invested here for 3 years now and even though it’s had its ups and downs I’ve generally been happy with the direction the company’s been going in.

However the thing I’m not liking currently is the total lack of communication to shareholders. There used to be a steady stream of information, it wasn’t ever going to move the dial much on the share price, but said ‘yes, we’re active and letting you the shareholders know we are.’ That’s one of the things I really liked about this company. But in the last 6 months it just feels like they’ve forgotten we exist or don’t care, which is disappointing. There were numerous drill results due on Brandberg West (tell us about the copper and tungsten), Spodumene hill and ridge, which I don’t believe would impact the ‘partner’ discussions. Come on AV, let’s have a presentation with shareholders questions to keep us in the picture.

The other thing I think worth mentioning is that now they’ve released their corporate presentation talking about fast tracking lithium production they really need to follow through with this pronto, otherwise they might start looking a little silly. I give them a month from this presentation, so that was 13 days ago, clock’s ticking!