Member Info for TrickyDicky2

Bohercom

When ACAM LP with their 58,523,783 and JLE Group Ltd. with their 83,700,00 first appeared (March 2025) it coincided with Fiera Captial (50,447,285 - Dec. 2024) and FIL Investment International (94,730,632 - Dec. 2024) dropping off the significant shareholders list. I've always assumed that this is where ACAM and JLE got if not all then the majority of their shares from.

RE your 14.15 post, noted.

ontarget

Had ACAM held all of their 58,523,783 shares when the the number of shares in issue increased to 1,838,345,719 then they'd be on 3.18% so still above the reporting threshold.

Looks like the dumper is ACAM and the accumulators are PIs. ACAM appeared as a holder in the June 2025 presentation so they appear to have started selling only recently. If they are a persistent seller that will explain the share price being range bound.

TDT

Bohercom

Are you sure ACAM LP came on board at 1.8p? Thy only popped up as a 3%+ holder in 7th. March 2025.

TDT

Figures updated as of 31st. July. The only significant change is Interactive Investor, up by just over 7.5m. All the others remain unchanged apart from a couple of small movements. ACAM LP still nowhere to be seen so its anybody's guess what they were all about.

I'll post a link to an updated spreadsheet later.

TDT

"This dynamic creates a potential golden opportunity for UK-listed lithium miners who are developing projects outside China."

Says Ian Lyall in the article then he goes on to name the UK-listed lithium miners. Except he fails to mention Andrada!

TDT

Https://stockhead.com.au/news/lunch-wrap-asx-cruises-as-catl-mine-closure-sends-lithium-into-overdrive/?utm_medium=email&utm_campaign=Lunchtime%20-08-10-2025&utm_content=httpsstockheadcomaunewslunchwrapasxcruisesascatlmineclosuresendslithiumintooverdrive&utm_medium=email&utm_campaign=Lunch%20NL%20Aug%2011&utm_content=Lunch%20NL%20Aug%2011+CID_795ea3e07e769eb2a91570a7a475c23c&utm_source=Campaign%20Monitor&utm_term=Lunch%20Wrap%20ASX%20cruises%20as%20CATL%20mine%20closure%20sends%20lithium%20into%20overdrive

TDT

"A war that should never have been."

I guess what you're trying to say there without actually saying it BofB is Russia should never have invaded Ukraine in the first place. That they are the aggressor. It would be good if you could simply come out and say that but you being the quisling you are I guess that's never going to happen.

TDT

Echo that big time sasa43.

TDT

Worth a re-post.

https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/

TDT

"We trained hard-but it seemed that every time we were beginning to form into teams, we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganising; and what a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency and demoralisation."

TDT

Its the second quarter operational update for period ending 31 Aug 2025 that I think will be the interesting piece of near term news. If the tin feedstock from Goantagab is half as good as we hope then I'd expect at least a doubling of the current share price if not more. We had to wait until the 4th. week in September for the 2nd. Q 2024 results

so still some way off. A good set of figures should see some movement in price before hand.

TDT

Tin in the LME down to 1,900 tonnes today.

TDT

Ccc

I saw that but I would have thought any impact on LME stocks would be some way after re-start.

Oh well, not to worry, it had to happen at some point I guess.

TDT

LME stock creeping up. Has Indonesia and/or Myanmar started producing again does anybody know?

TDT

Theo is at it again.

https://x.com/TSoumyaraj/status/1948964300007375333?t=pLO2rgbOV0VTM-pprybIjg&s=19

TDT

"I hope to an extent you see what I am saying."

No, not really.

I think you need to read the 17th. June RNS.

TDT

17th. June RNS

"The Plant is designed for a full processing capacity of 50 000 tonnes of ore feedstock per month and will process up to 40 000 tonnes of ore at steady-state production. The feedstock for the Plant will constitute up to 20 000 tonnes of ore from Goantagab and another 20 000 tonnes from Uis."

Does that answer your question?

TDT

Https://x.com/jczuleta/status/1948424406536982879?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1948424406536982879%7Ctwgr%5Ea608e80eecca146c4009088745c208f2038528b1%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fstockhead.com.au%2Fresources%2Fmonsters-of-rock-whatcha-gonna-do-when-lithiumania-runs-wild-on-you%2F

TDT

Bohercom

20,000 tonnes per month is, on a 30 day operation, 667 tonnes per day. At a modest 50 tonne capacity truck that's 13 ro 14 trucks per day. That could be as little as one every 30 to 60 minuted depending on the working day. 50 tonnes or ore at 1.5% tin is 750kg of tin so a 100km round trip isn't going to break the bank but I hear what you say.

Lots to digest.

TDT

Cont/...

In the 17th. June RNS it states.

“Andrada has the option to acquire 100% of Goantagab Mining shares for USD15 million subject to certain conditions.”

The RNS also lays out in detail the obligations on both parties and the cut/payments to be made to and by both.

Why limit what you process each year to 240,000 tonnes of high grade ore when you can process a significantly higher amount?

Years ago I got sent out to New York for two years to look after a couple of mothballed floating prisons. Unusual job but lets face it there’s worse places to be sent. In that time I had to show around several interested parties who wanted to either buy or charter one of both barges. The interest was considerable and some of the figures being talked about eye water ( honest). My client wouldn’t entertain any of the offers and I couldn’t figure out why given I knew how much it had cost them to buy the units. It only became clear years later that the sell on clauses in the contract, if allowed to run down and expire, meant they didn’t have to give 50% to New York.

If the profit split with Goantagab expires on uptake of the option to buy I think I’d be inclined to limit the quantity of high grade ore I’d be prepared to process.

TDT

Bohercom

Thanks for the reply. What Andrada will process or probably more accurately can process I’ll come back to but indulge me for now if you will.

We know what the capacity of the existing plat is, its 965,058 tonnes per year or there about. We also know that the new jig will process 100tph which, at 100% capacity, is

Potentially an additional 876,000 tonnes per year. If we assume a similar plant utilisation rate of the 89% (it should be higher since the plant is new) 779,640 tonnes.

In essence we will have a processing capability of at least 1,744,698 tonnes or ore per year.

Andrada states in the RNS of 17th. June the new jig will process up to 50,000 tonnes per month. That doesn’t equate to the 100tph for the new jig mentioned in the 31st. March RNS but hey, this is Andrada so we’re kinda used to things not quite matching up.

Consider this comment from the 17th. June RNS.

“ Based on historical resource data and our independent assessment, the deposit has the potential to be comparative to other high-grade occurrences of tin globally. Once production at the Plant is fully commissioned, it will significantly increase the tin concentrate throughput thereby elevating the Company's position in the global market.”

I think it worth considering what Alphamin in the DRC processed and produced in their last full financial year

“In their last full financial year (year ended December 2024), Alphamin processed 738,067 tonnes of ore and produced 17,324 tonnes of contained tin metal. The tin grade of the processed ore was 3.1% and the overall plant recovery was 74.7%.”

The only thing stopping Andrada from hitting a 5 figure tin metal output each year, as far as I can tell, is availability of a higher grade ore to process and that’s what the Goantagab deal supplies.

“Supply: Goantagab Mining is contracted to supply UTMC with up to 20 000 tonnes of ore per month, a cumulative total of up to 240 000 tonnes per year, at a requisite minimum tin grade of 1.5% based on the current mine plan from historic resource drilling. This will be supplied at cost, but subject to the profit-sharing agreement detailed below.”

The thing that’s got me scratching my head is why build another jig to process a mere 240,000 tonnes. We are currently process the higher grade ore through our existing jig right now. The full year supply will only take up one quarter to our existing processing capacity. Why add another 876,000 tonne capacity jig (or 40/50,000 tonnes per month, take you pick)? What am I missing.

At present Goantagab is only obliged to supply up to 20,000 tonnes of high grade ore per month. And that brings me back to your comment bohercom “They’ve already told us very clearly how many tonnes of tin they expect to produce this year, next year and the year after.”

In the 17th. June RNS it states.

“Andrada has the option to acquire 100% of Goantagab Mining shares for USD15 million subject to cert