Member Info for sasa43

I remember you banging on about Polyhalite as a negative for SXX back then, TDT - quite put me off from getting involved with it at the time, so thanks for that! - sasa.

Agree with that, NewK - the deal, if genuinely being worked upon will, hopefully, enhance Serica's growth potential / contingently reveal much of Mercuria's intentions, as you say and restore some confidence and upside for us.

The 10% yield we're now on is very handy but not what we're here for, really - sasa.

That's the price showing on Trading Economics at the mo; they're generally very reliable - sasa.

Brent's $90 at present, thehickster, if that helps - sasa.

Thanks TDT - a bit sobering in the short term but it's just as well we have the tin revenues to protect much of our lithium 'cherry' where the price of that is holding up reasonably well so far...

If Lithium remains in the doldrums for a while, it'll limit the mining development of the lithium only competition, too, I guess, so it's 'an ill wind', etc., - sasa.

Hi Deffo - I gather the Aussie lithium miners are taking a bashing today on the ASX (probably Chinese price manipulation of the metal like they came a cropper shorting the Nickel price on the LSE a while back) which probably explains the sp weakness here currently. They'll probably fail again soon, given the strong underlying need for the crucial 'tech metal' nowadays...

Andrada's better placed than most others in this space, of course, as we get closer to our lithium production with our growing tin output effectively subsidising that 'for free' to boot, so no worries here for me, anyway!

The upcoming Barclays recommendation / AV's partnering deal, once confirmed, should be the driver of a decent re-rating of the sp, especially if the terms are well received - sasa.

Interesting that, TD2 - thanks...

'Lithium prices drop due to low demand / high supply' - for now that is, I guess. If Tin prices hold up above $25k per ton, so will our 'cherry on top' (Lithium production) given its nil AISC around that level; very fortunate for us one has to say - sasa.

Good point that, Deffo, re: the rather confusing ATM ticker which wasn't altered when the Afritin name change to Andrada Mining was effected.

Now that we are a more comprehensive 'tech metals' group and growing apace, we certainly don't want to be confused with 'Automated Teller Machines' when prospective new investors / researchers look us up, especially now that we're on the US OTC mkt.

Have just e-mailed the Co. that a ticker 'AND' or similar might better describe us nowadays; image and all that counts these days! - sasa.

Had AV announced the Barclays recommendation by now, these last two drilling results wouldn't have been included, pre being officially RNS'd, so AV's negotiating position to find the best partnering deal for the Co. now has only been strengthened by these latest announcements; all to play for - sasa.

Roger that, M9991 - sasa.

Yep, that's how I see it, too, TDT - there was the anticipation (perhaps optimistically, in hindsight) that the Barclays partnering news would be more definitive than the 'discussions continuing, etc.,' just announced, prompting the speculative interest beforehand, now being unwound.

This should only be temporary, imv, given the positive news elsewhere in the RNS - sasa.

Is way undervalued is a given; us investors know that - it's neither 'fish nor fowl' (an attractive Brazilian port / towage operator yet with its other sizeable asset being a 'hotchpotch' portfolio of far too many poorly performing 'hedge fund' holdings) with little research coverage of the Co, as Sisyphus rightly points out.

If a sale of the marine business is agreed for, say, £13 ps what then? Will they pay the cash out to shareholders as 'a return of capital' (more tax efficient than a 'special divd' distribution in whole or in part) or will they reinvest the proceeds elsewhere? If so, where?

That's the intriguing bit for me; somewhere exciting, perhaps but, hopefully, not just adding to the 'hedge fund' portfolio which would be a major disappointment in my book.

Any other views on this conundrum welcome - sasa.

Hi NewK - the improving sp of late might well be anticipating better than expected Hi figs being announced shortly, bearing in mind the 50 / 50 O&G split we now have - the best and only worthwhile part of the Tailwind deal so far...

It might also foreshadow an overseas acquisition is seriously under consideration, at last but then I might be getting too optimistic, even though the need to move away from the NS is self evident and grows by the day, given the absurd rhetoric the Socialist's keep trumpeting - sasa.

I think that you're right on there, Maverick - stupidity rules on both sides of the House these days, alas - sasa.

Echo that, BarrelC - they just enjoy encouraging each other with their banal comments towards others on here...

It's merely attention seeking on the bb - they're juveniles, quite obviously - sasa.

Echo that summation, NewK - given the strong likelihood of the naive Socialists winning the next Election, we have to hope that Serica cum Mercuria are urgently getting on with going 'offshore' now - sasa.

Thanks for the update, surprised; just as well we're 50/50 oil & gas nowadays - sasa.

Of the Wilson Bros shipping business was announced, so an RNS re: the outcome shouldn't be that far away now.

Given the improving outlook for this division, I'd rather see a sale or 'rationalisation' of their investment portfolio, OWIL, tbh. It's a rag bag of far too many 'hedge' funds and mediocre vehicles skewed to the 'downside' for my liking and with interest rates likely to fall over the coming months, better use of the funds involved in favour of building up the Wilson shipping / towage business could be quite well timed...

Just my view, anyway, fwiw - sasa.

Agree with your general reading of AV's 'journey' so far, TDT...

The important thing now is where we're at today, given Andrada's quartet of metals ( Tin, Lithium, Tantalum & Copper) spread across the four licensed areas?

We have growing sales of the Tin to help subsidise the principal Lithium exploration and development project underway, adequate funding in place now for the requisite infrastructure, talks with numerous 'interests' wishing to partner with us under review by Barclays, an exciting ongoing exploration programme and a promised update on things by the end of Q3 - so much to look forward to, if all goes well...

And here we are with a mkt cap of £105m odd - 'cheap as chips', or what? - sasa.

On here these days, obviously in cahoots but NewKOTB 'ain't one of them - sasa.