RE: Tantalum30 Aug 2025 10:42
Thetinner
"I guess what I'm getting at is did we sell all that was produced?"
The below, from the FY Operational Update For Period Ended 28 Feb 2025 would seem to suggest Andrada may not have sold all the tantalum produce in the financial year up to the end of February 2025.
"Following the conclusion of its 12 - month supply agreement with Afrimet, the Company is supplying concentrate to multiple customers while assessing additional potential long-term off-takers. This diversified sales approach enables the Company to optimise the pricing of concentrate sales across a broader range of specifications."
If they haven't sold all the concentrate produced in that financial year the remaining unsold tantalum will be listed as a current asset on the balance sheet. Something to look out for in the end of year accounts.
Details of the Afrimet off-take agreement can be found in RNS dated 15/11/2023 if you want to look it up.
TDT