The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
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.
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.
Hi NewK
Yep, HBR is 'cheaper than chips', too, around today's sub - basement sp level with its yield close to Serica's as well.
Also noted, CHAR's modest recovery, 'pending positive news' as always; gotta be fairly close now, though, after all this time, especially with the added 'onshore' potential, surely? - sasa.
Thanks TDT...
The upcoming end Q3 announcement(s) should warrant much more comprehensive coverage when released to highlight Andrada's potential and get this going at last, all being well...sasa.
Nope, I use this one, Deffo and the Shares 'watchlist' which highlights announcements with an 'N' adjacent to the sp data as a back up; between them they seem to cover every news item... sasa.
Most of which are insignificant - small 'sells' followed by small 'buys' with a bias towards the upside now...
With the H1 results only a month away from being reported, which should be quite good, given the resilience of the oil price during the 1st half / gas prices picking up of late, too, I can understand the prospect of a decent interim divd boost (my guess is 10p ps, fwiw) putting us back up to a 10% yielder having its appeal but why all this voluminous, non - sensical, 'bot' trading?
I know most trading platforms put individual orders on once received nowadays, rather than brokers usually aggregating them hitherto for their discretionary managed clients as a 'shipping order' in one go, as it used to be called, but why so many trivial orders both ways?
It beats me, tbh - sasa.