Member Info for TrickyDicky2

Ouch!

When will it end 🙁

TDT

You only need to look back to the presentation from April 2022 to see how porrly they performed.

https://andradamining.com/wp-content/uploads/2024/06/Corporate-Investment-Presentation-2022.pdf

You can pick any one of several sections in this investor presentation and cringe. Page 5 Tin Spot Price -vs- ATM Share Price, Page 9 "Our Strategic Road Map" 2022 -2025 "Phase 2 10x bigger scale exploiting entire ore body", Page 13 "SN Peer Group" this last one is the most cringe-worthy of them all. The day Andrada leapfrogs Alphamin will be the day pigs finally start flying. Page 14 "Target Resource: 200Mt" and we're still waiting., Page 15 "Operational Expansion"

1 - Fully funded via lending facility with Standard Bank Namibia Ltd for the expansion project

2 - Modular expansion

3 - Leveraging existing bulk infrastructure services and installed processing configurations

4 - Increase tin concentrate production from 720 tpa to 2,800 tpa

5 - Lithium concentrate production of up to 60,000 tpa & tantalum concentrate production of 45 tpa

6 - Expansion Project de-risks Phase 2 Expansion

it's getting a bit embarrassing now don't you think?

Even a modest turn around would do me. I'm not asking for much, just that some targets are hit and on time.

TDT

"I’m starting to think 50K Tons could be here for the year ."

Tempting fate there Gibdog101.

TDT

The teflon share strikes again.

One day Rodney.

TDT

Has this mangey old dog not been put down yet. Long over due.

TDT

RHS - "Andrada has the option to acquire 100% of Goantagab Mining shares for USD15 million subject to certain conditions."

AI - "Acquisition Option: Andrada holds an exclusive option to acquire 100% of Goantagab Mining for N$15 million...."

TDT

"....successfully completed a private placement with strategic investors."

I guess if it had been with existing investors they would have said so instead of stating "strategic investors".

Scrub that one.

TDT

Bohercom

The actual increase in the number of shares JLE appear to have subscribed too in the recent fund raise is 5,761,317. At 3.6p per share that's £207,407. Odd figures don't you think. Given that JLE are on the inside track would it be a great stretch of the imagination to envisage them quietly selling down in the weeks prior to the 20th. April and actually subscribing for more. Somebody has been selling and it makes the pain of having to stump up more cash just that little bit less.

It will be interesting to see how many more TR1's we get.

TDT

….or at least no RNS that will rocket the share price.

TDT

….RNS this Monday then. The hot money is off to try its luck elsewhere.

They’ll be back, starting the middle to end of next week. So an RNS a week Monday it is then.

TDT

Ignore the bit at the bottom of that last post. That was from an alternative stream of consciousness.

TDT

HarChris

Funnily enough it doesn't make any difference to Evolve if Goantagab comes on line or not. They pocket, on average, the same amount each year no matter what the production. If the amount of tin produced goes up the percentage goes down but the outcome for them stays more or less stays the same. 10% of 100 is the same as 5% of 200, the same as 2.5% of 400. The way this royalty is set up it benefits Andrada enormously to increase production. Somebody needs to remind Viljeon of that.

TDT

The only down side for Evolve is if the price of tin plummets and the production increases don't materialise to such an extent that Andrada

The royalty terms are set out in the document confirming the sale of the royalty to Evolve Royalties Ltd.

Royalty rate structure (production-linked). Current / low production (≈1,000–1,600 tpa) 9.63% → 5.13% (sliding scale). Interpolated as (if) production increases within this band.

Stage 1 expansion (1,600–2,000 tpa) 4.50% → 3.61% (sliding scale)

Post Phase 1 (2,000 tpa up to 9,800 tpa). Flat 3.61% royalty.

Large-scale expansion (>9,800 tpa). Drops sharply to 0.86%

Once a total of 95,500 tonnes of tin has been produced, royalty reduces further:

–75% on the first 9,800 tpa

–87.5% on production above 9,800 tpa

At current output (~1,000–1,100 tpa), the royalty sits near the top end (~9–10%) . How AV could have signed up to something where failure to hit targets would incur a punitive royalty is beyond me. Given the amount Evolve paid to acquire Orion's royalty you can't help but feel that they don't think things will be changing anytime soon.

TDT

End date: May 2026

Price fixed: US$34,400 per tonne

Volume: 20 tonnes per month

TDT

He's dropped his pants so often in the past you'd expect him to pull them up every once in a while. Its whether he keeps them up that's the question, but agreed, it is good to see, nobody likes to see a grown man de-bagged.

TDT

Uptick coming. It looks like we are going to end the day up on the open.

AIM never ceases to surprise.

TDT

The Thaisarco deal did have an air of desperation about it. It was also light on detail. What does "marketing discount (new) applied on a sliding scale" actually entail? Why not make clear what the discount is?

Has AV had his pants pulled down yet again?

TDT

Copper1

Fair comment. We don't get to look under the bonnet so the one thing we do have to go on is market sentiment. It's still early days though so let's wait and see where this is at the close.

TDT

"My take is that they have chosen to state this as growth capex rather than debt repayment."

You can put lipstick on a pig but it's still a pig.

'send more money, Mother; system going well'

That just about sums it up. A raft of broken promises, missed targets and half finished upgrades/improvements. We are where we are thanks to AV's ineptitude. Staggering really when you go back through previous investor presentations and list out all the things they said they were going to do and the dates they said they would do it by.

Jam tomorrow anybody! More like jam in a fortnight next leap year if past performance is anything to go by.

As for the investor meet planned for next month they'll screen questions and address the ones they want. Grow a pair AV and do a presentation in person.

TDT

Another kick in the nuts for PI’s courtesy of AV.

TDT