Member Info for TrickyDicky2

FT front page.

Timing is everything.

TDT

If the lithium is free what's not to like?

TDT

"It could well be the case, with the previously under-appreciated demand growth from BESS [Battery Energy Storage System] known to be a key reason behind Rio Tinto’s (ASX:RIO) dive in to the lithium space, as the renewable energy sector gets both bigger and smarter."

https://stockhead.com.au/resources/barry-fitzgerald-why-wildcat-may-the-bess-buy-as-lithium-demand-goes-through-the-roof/?utm_medium=email&utm_campaign=Weekend-06-28-2025&utm_content=httpsstockheadcomauresourcesbarryfitzgeraldwhywildcatmaythebessbuyaslithiumdemandgoesthroughtheroof&utm_medium=email&utm_campaign=AM%20NL%20Sun%20Jun%2029&utm_content=AM%20NL%20Sun%20Jun%2029+CID_89067615294368e6d2b66ef9421909c3&utm_source=Campaign%20Monitor&utm_term=Barry%20FitzGerald%20Why%20Wildcat%20may%20be%20the%20BESS%20buy%20as%20lithium%20demand%20goes%20through%20the%20roof

H&N

"We will send our tin to Andrada Mine at Uis for processing, and this would also boost their operations as they will have more ore to process," Van Niekerk said."

No ambiguity there. Maybe he's being a bit premature in saying "will send" but if somebody you are negotiating a toll agreement with jumps the gun you don't leave it several months before you confirm or deny especially after it appears in the press.

Since you've popped up after a fairly length absence can I ask if you have a view on Timoteus Mashuna and Ottilie Ndesheetelwa Ndimulunde. Each holds 9 of the 18 mining claims Andrada refers to in their RNS of the 17th. June although given the restriction on Namibians being allowed to hold a maximum of 10 mining claims its suspected Timoteus Mashuna is the real beneficiary of all 18.

https://allafrica.com/stories/202505210233.html

There appears to be some sort of dispute over who holds the mining license for the area. A Pieter Hougaard claims it's him.

It seems this Timoteus Mashuna fella has previous when it comes to diddling people out of their mining rights.

https://www.namibian.com.na/the-n50m-lithium-mine-heist-2/

Also, do you have any idea who is behind Goantagab Mining Proprietary Limited and Birca Mining Namibia Proprietary Limited. I can't find much if any footprint for either yet both look like they are going for profit handsomely from the 18 MC's held by Timoteus Mashuna and the arrangement with Andrada.

TDT

It doesn't stop there. This article first appeared in the Namibian on 25th. November 2024, over 7 months ago.

https://allafrica.com/stories/202411250697.html

It seems Andrada had a deal fixed up to source higher grade ore from Goantagab back then yet we were only told on 17th. June 2025.

TDT

"....just focus 100% on tin production and stop p*ssing around elsewhere."

Agreed.

TDT

On a more cheery note.

https://stockhead.com.au/resources/smart-money-bets-on-a-lithium-turnaround-as-some-miners-and-explorers-keep-the-faith/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-06-25-2025&utm_content=httpsstockheadcomauresourcessmartmoneybetsonalithiumturnaroundassomeminersandexplorerskeepthefaith&utm_medium=email&utm_campaign=am%20nl%20jun%2026&utm_content=am%20nl%20jun%2026+CID_ab6e5b4756fefe01f0934c4dd2824857&utm_source=Campaign%20Monitor&utm_term=Smart%20money%20bets%20on%20a%20lithium%20turnaround%20as%20these%20miners%20and%20explorers%20keep%20the%20faith

TDT

Rgbuk

Click on this page.

https://pitchbook.com/profiles/investor/180154-27

You'll see Talent10's website link below "Business Details" and above "Year Founded 2012"

TDT

No I'm not.

The opening page clearly states Investment Stewardship in the top right hand side. Its one of the most cringe worthy web sites imaginable.

https://talent10.com/

TDT

Rgbuk

"Extra institutional holder"

Really?

https://talent10.com/

It looks to me like they're scraping the bottom of the barrel with this one.

TDT

Well that explains the poor performance of the share price I guess. Dilution is alway a kick in the privates but especially so when it seem like it’s the result of a feg up. Re-engineer the jig circuit my arze.

You don’t have to go so far back to be negative about management now.

TDT

Hi bohercom

"You clearly want to believe there is something dodgy going on here....."

No that's not the case. I have no fixed opinion one way or the other.

Thanks for taking the time to look at the Namibian cadastre.

Given the poor comms from Andrada I don't think it unreasonable to expect them to put a bit of flesh on the bones when releasing RNSs like the one on the 17th. A leaky share, missed targets and vague dates doesn't give the impression of a company on top of its game. In the absence of detail in the recent Goantagab RNS and how that relates to their current/historical involvement in that area isn't too much to ask surely? This is a company that doesn't seem to give a fig about their retail investors.

I have an open mind when it comes to Andrada. I have, however, been in far to many shares where the resident happy, clappy crew refuse to entertain anything even mildly critical. It doesn't do any harm to raise concerns, even if they ultimately turn out to be unfounded.

TDT

Hi bohercom

There was a discussion on here several months ago on that very topic. If memory serves me correctly, and it doesn't always these days, somebody produced something that confirmed licenses EPL 5670 had been relinquished. I know what the 2024 annual accounts state but by the time these things are published they're already 6 months out of date. That position is now almost 16 months out of date.

If you look at the Namibian cadastre web site you can find EPL5445 (Brandburg West) but there's nothing for EPL5670 (Goantagab). The cadastre tells you that EPL5445 is up for renewal on 31st. July 2025 but a similar search on EPL 5670 throws up nothing at all.

Try for yourself.

https://portal.mme.gov.na/page/MapPublic

"....do you really think Andrada were forced to rush out an RNS on a deal like this just because of a newspaper article ?"

The answer to that is yes.

Once we know the license numbers and locations of these new Goanragab licenses we'll be able to judge. Or possibly not given that there is now no reference to EPL5670 in the Namibian cadastre.

When potentially large sums of money are involved "It is the green-eyed monster which doth mock the meat it feeds on.” You, I presume, have never met who is steering this ship. You're obviously very trusting, I'm just a little bit more wary.

Maybe I'm just a little bit more jaundiced than you.

TDT

Safaniya

I presume you can see why it can be thought the same or can't you see that? Maybe its just me but what you posted from 2018 "The other licence, EPL5670, sits in the Goantagab belt in Namibia." and what was released in the RNS on the 17th. "The ore body located in Goantagab in the Kunene Region of Namibia ("Goantagab") ....." could lead to that conclusion.

I suppose the only logical reply to your "Why do you think that it’s the same license?" would be "how do you know it's not? Andrada relinquished EPL 5670. without, as far as I'm aware, doing any work on the license. Wouldn't it be a real bummer if it does turn out to be the same license?

"AfriTin’s strategy is to fast-track Uis to commercial production in 2018......."

I don't recall them being in production in 2018. If memory serves me correctly it took them until the very end of 2019 to start producing saleable tin. Hardly fast tracking. I guess that's partly responsible for your sense of humour failure on the issue.

It looks like Canaacord has had a sense of humour failure as well.

TDT

Safaniya

What do you make of the article you posted from 2018? It seems to me that AfriTin acquired Goantagab and Branberg West back in 2018 or at least that's what the article from 2018 seems to say. It seems like they're now having to shell out a few million for it now. How does that work?

Also, this made me chuckle.

"AfriTin’s strategy is to fast-track Uis to commercial production in 2018......."

You need a new definition for the meaning of "fast-track".

I'm obviously missing something here.

TDT

AfriTin Mining Limited (LON:ATM) is to buy two more tin and tantalum licences to expand its footprint in Namibia.

The company will buy all of Tantalum Investment from Jan Jonathan Serfontein for £850,000 in shares issued at 3.4p. Tantalum Investment owns the licences, one of which includes the formerly producing Brandberg West tin and tungsten mine that was in operation until the 1980's.

READ: AfriTin Mining identifies catalogue of exploration targets near flagship mine

The other licence, EPL5670, sits in the Goantagab belt in Namibia.

Anthony Viljoen, AfriTin Mining’s chief executive, said the licences were 80km or less away from its flagship Uis mine and located in what was once a prolific tin-producing region.

“While bringing the Uis mine back into production remains our primary focus, we will begin early stage exploration on these new licences, with the objective of reopening the whole region as a major tin province."

AfriTin’s strategy is to fast-track Uis to commercial production in 2018 ramping up to 5,000 tonnes of concentrate and from there to consolidate other African tin assets.

If this story wasn't scheduled to appear in the Namibian on the 18th. I wonder if we would have had an RNS on the 17th.?

TDT

I suppose even simple stuff like is it cassiterite from this other source, have they done any test work on any samples, what's the distance between Uis and Goantagab (I make it somewhere between 150 to 200km), what exactly are the environmental issues and how do they plan to tackle them. As for BW the last update from there was 8 months ago. Is there nothing more to report from there?

Its no surprise the share price hasn't really moved.

TDT

AI generated.

TDT

Rgbuk

Its just AV and Andrada. Some companies are like that. The retail sector doesn't figure high on their agenda if their on the agenda in the first place.

That's a good list of questions. They really need to start putting more flesh on the bones with these RNSs.

TDT

True to form.

TDT

GLG2

"....maybe you can provide evidence that spikey is not jub....."

Its not anybody's responsibility to prove that he isn't but yours to prove that he is.

TDT