Member Info for TrickyDicky2

Https://stockhead.com.au/resources/argonaut-algorithm-why-david-franklyn-sees-lithium-as-a-long-term-play-after-the-iran-war/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-04-16-2026&utm_content=httpsstockheadcomauresourcesargonautalgorithmwhydavidfranklynseeslithiumasalongtermplayaftertheiranwar&utm_medium=email&utm_campaign=AM%20NL%20Apr%2017&utm_content=AM%20NL%20Apr%2017+CID_4228f40ac99d060abd0eb71fbc3830fe&utm_source=Campaign%20Monitor&utm_term=Argonaut%20Algorithm%20Why%20David%20Franklyn%20sees%20lithium%20as%20a%20long-term%20play%20after%20the%20Iran%20War

TDT

…..Monday anybody?

TDT

The 3.71p trades are sells not buys.

TDT

.....but will it stick!

We've been a bit of a teflon share in the past with any rise failing to stick. Will it be different this time?

At least there's no danger of vertigo from the current action.

TDT

Interesting. Explains the increase in the share price last week.

TDT

Before acquiring the entire company, SQM and Hanc o ck Prospecting collectively owned approximately 37.8% to 38% of Azure.

TDT

thanks for sharing copper 1, much appreciated.

so a mc of about £50m and share price of about 5p/share before it all kicks off to first 50p then finally a £1.85p/share buyout. i guess sqm/han**** must have owned about 50% when they finally acquired the whole company.

tdt

i don't suppose anybody has to hand what azure's mc was 12, 18, 24 months before the deal was inked with sqm/han****?

tdt

It was for AUS$1.7B which converts to US$1.18B or £890m.

Still, not to be sneezed at.

TDT

No mention of Andrada but worth a read anyway for a bit of back ground.

https://stockhead.com.au/resources/namibia-rising-one-of-africas-go-to-mining-jurisdictions-adds-copper-and-gold-riches-to-uranium-prowess/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-04-06-2026&utm_content=httpsstockheadcomauresourcesnamibiarisingoneofafricasgotominingjurisdictionsaddscopperandgoldrichestouraniumprowess&utm_medium=email&utm_campaign=Morning%20AM%20NL%20April%207%202026&utm_content=Morning%20AM%20NL%20April%207%202026+CID_281c86981a9363cb0ae2d1e80b9da889&utm_source=Campaign%20Monitor&utm_term=Namibia%20Rising%20One%20of%20Africas%20go-to%20mining%20jurisdictions%20adds%20copper%20and%20gold%20riches%20to%20uranium%20prowess

TDT

@bohercom

Oh well, I guess we're fecked then.

TDT

TACO's deadlines a completely meaningless. The only time he follows through is when he zhit's himself.

https://www.youtube.com/watch?v=6XaBOWdi5Fw

TDT

Assuming they added a third rig to speed things up and not because drilling with only two rigs was proving to be a lot slower than original hoped that could mean 2 rigs, 120 holes in 18 months becomes 3 rigs, 120 holes in 12 months. Lots of what ifs, whys and wherefores but they could be a lot nearer to completing the planned drill campaign than we realise. That would be a first but then again AV is not driving this so that probably explains it.

TDT

So HarChris, I didn't make anything up I merely "alludes to patronisation from management". You object to the intent not content.

I stand by the original post. The reasons given for discontinuing publishing AISC with the quarterly figures were disingenuous at best. If AV thinks publishing AISC every quarter might dissuade PIs from investing here let me suggest something else that's an even bigger disincentive. Management.

"'Quarterly cost and pricing estimates, while previously included, have proven increasingly misleading due to short reporting cycles and normal fluctuations in grade, recoveries, shipment timing, inventory movements, and foreign-exchange rates."

If they did what they said they were going to do when they said they were going to do it the above would be non-issues.

“we are horrifically undervalued”

He needs to look closer to home to understand why.

TDT

I'm not sure what it is you think I've made up HarChris. The reason given by Andrada and my interpretation of why it was done aren't perfectly aligned but there not a million miles apart.

TDT

"they expected to get the high grade ore before finishing the new plant"

You can add that one to the long list of expected's.

Its difficult to know what to expect next here. You don't get much in the way of information and what you do get you can't hang your hat on.

"They won’t state profit because it’s only one quarter......"

But they did, until recently, state AISC. That, at least, gave us something to go on. The reason they gave for stopping publishing this figure, if memory serves me correctly, was because they felt we were drawing the wrong conclusions from it. They did this to save us from ourselves!!!!! Really.

TDT

Bohercom

I think most people would call that lying, or maybe that's just the bed wetters.

I think you get to the point where when the company is constantly leaving a solid one in the bed the natural response to that might be to bed wet. And let's face it AV has peeled off quite a few solid ones in the bed.

"The entire communications and investor relations departments at Andrada need replacing."

I hear that one. Problem is, according to the last presentation, we PIs constitute 5% of the shareholder base so we really don't matter. The Insto's. and corporates combined hold 86%. They don't appear to be troubled by AV constantly and routinely missing deadlines. One can only hope that means one of two things:-

a) The are being given more detailed and positive information and are therefore not worried about AVs failure to do what he says he's going to do when he says he's going to do it.

b) They're actively scouring the industry right now for somebody whose default position isn't b ull s hit to take over the reins.

Either option, IMO, is fine by me.

TDT

Gibdog101

What de-risked this business was the price of tin sky rocketing. I can't even begin to imagine where we'd be if it hadn't. In fact it's much harder to imagine that now given they no long publish AISC for each quarter.

The amount of concentrate produced in the 4th.Q was the same as the 2nd.Q so I'm not clear on what impact the jig pre-concentrating has done but maybe in picking that up wrong.

I don't think anybody is questioning that the increase in production is positive. I think the issue is more to do with where we thought/were told we would be by now as opposed to where we actually are.

If the Orange Buffon continues to wreck havoc the safety cushion of an elevated tin price could easily disappear just as quickly as it arrived. Of course once Goantagab comes on line and thee new jig starts doing what it was acquired to do its game on. I hope your optimism is warranted HarChris.

TDT

HarChris

I'm both open to it and hoping for it. It would be an awful lot easier to come down on that side of the fence if it weren't for AV's track record. I presume you are open to the suggestion that AV constantly over promises and under delivers?

As much as I would like to believe what AV says the problem is he's got previous and it seems to me to be habitual. We shall see, hopefully, soon enough but if this ever does take off I just hope they have somebody lined up with more credibility and experience to take over the reins.

TDT

When they start an RNS with

"Tungsten: incorporated into Andrada's critical mineral portfolio at a time of exponential unit price increase."

a metal that we will not be producing for 3 years at best, more realistically, given Andrada's track record, 5+ years at worst you know they're not going to be telling you what you want to hear.

I agree with rgbuk. Why use the new jig to pre-concentrate when you can simply process ore? Over a 3 month period that could have increased through put by 100k to 120k tonnes. Sometime does sit right with me on that. If I were in their shoes I'd have a short video commissioned of the new jig working and posted on the web site to confirm what they claim.

I know that sounds like I don't believe them but the fact is I don't.

TDT