Member Info for TrickyDicky2

Webba1

How do you see that working?

TDT

Bohercom

Noted and thanks for clarifying.

TDT

M9991

Thanks. I focused on the 31sr. May Operational Update RNS from 26th. June which paints a much rosier picture (despite them getting the years wrong).

TDT

Where are you getting $30,000 AISC from? The AISC for Uis in the Operational Update to 31st. May RNS dated 26th. June has an AISC of $21,377 for 1st. Q 2023 (I'm assuming that the years in the table are incorrect). The price achieved that quarter was $25,149/tonne so a margin in positive territory. That will only improve once through put increases, whether that be from ore sorting or improvements/efficiencies in the circuit.

The tin price has dipped quite a bit in recent weeks since hitting $29,450 on 27th. July. A $5,000/tonne tumble in under three weeks at the same time as Myanmar banning ore exports is a bit of an eye opener. Just goes to show nothing is certain in this life apart from you know what.

TDT

Should have been

“…..thought they weren’t going to lose out…”

TDT

Taufour

If your assessment is correct then you’d have to view that as a positive and a big one at that. Orion would only soften their position if they thought they were going to lose out and that it was (relatively) safe to do so.

The only unknown here is what have they been bunged to encourage them to soften their position. What give away did they secure that they might otherwise not have had they the deal not involved them “softening”?

TDT

"The anaesthetist-turned-outback-motorcycle enthusiast bought a sizeable chunk of stock five years ago at 11¢ a share when the miner was a little known exploration company trying to raise money to turn its Kathleen Valley lithium prospect into a working operation. Since then, the miner’s shares have been on a tear, hitting $2.74 this week, a 9000 per cent increase over five years."

https://12ft.io/proxy?q=https%3A%2F%2Fwww.smh.com.au%2Fbusiness%2Fcompanies%2Fi-m-just-a-guy-who-got-lucky-rise-of-the-lithium-kings-20230809-p5dv3u.html

I'd happily wait 5 years for that sort of increase although I make it more like 2,400% not 9,000%.

TDT

Https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2023%2F08%2F11%2Fchinese-electric-car-giant-byd-declares-war-western-rivals%2F

"China has piled into the EV sector much quicker and with more capital than Western brands, aided by state support and a nationwide strategy to make parts readily available."

"The country now controls the majority of the refinery capacity for lithium, a crucial mineral for battery making."

"Cars can be made with greener energy in Europe, which ought to mean they receive more favourable tax and tariff treatment. This keeps Western carmakers competitive as China is still reliant on carbon-intensive steel. One industry figure said Chinese-made cars should face higher tariffs, while domestically-built vehicles should receive better tax treatment because of greener production."

Setting up an ESG compliant lithium mining and processing operation is the way to go. Namibia has the land and the climate to generate plenty of solar and wind power.

TDT

Hi sasa43

Thanks. It's easy to get carried away here because of the potential. I'll double check in future before posting although I can't guarantee not to get carried away again between now and September.

TDT

Zumore

I'm not sure a lock-in prevents somebody from selling. They can sell but they may be hit with a penalty if they do. Lock-ins are not water tight.

Having that if the rats, as you'd expect, desert the ship the share price will only go one way and if its as bad an investment as you say it will go that way pretty damned quickly.

TDT

Another example of post in haste repent at leisure.

The 205Mt is before the ore is concentrated . The Li20 in the 205Mt at 0.73% produces 1,496,500 tonnes of lithium.. That covert into 3.7M tonnes LCE.

Dropped a bit of a clanger there folks.

TDT

If you need any further proof that what Andrada is sitting on it exceptional take a look at what has got people's knickers in a twist over Allkem's 173% upgrade. Inferred and indicated, no measured, and only 110Mt.

The grades from Andrada's initial drilling of B1 and C1 pegmatites at Spodumene Hill compare favourably to Allkem's grades. Still a way to go to prove up exactly what it iis we have there but the 6th. July RNS results are a good start.

TDT

James Bay erupts

"Meanwhile in Ontario, the Allkem (ASX:AKE) James Bay lithium project is now officially one of the world’s largest lithium spodumene assets in the world – and it’s going to get bigger."

"A whopping 173% increase in the James Bay mineral resource now weighs in at 110.2Mt @ 1.30% Li2O. This includes 54.3Mt @ 1.30% Li2O in the indicated category and 55.9Mt @ 1.29% Li2O in the inferred category."

https://stockhead.com.au/resources/eye-on-lithium-james-bay-erupts-into-a-frenzy-on-news-of-allkems-173pc-mre-upgrade/

Https://www.mining.com/featured-article/ranked-worlds-largest-clay-and-hard-rock-lithium-projects-2/

No mention of Andrada but I suspect that's down to the fact that rankings are "based on total reported lithium carbonate equivalent (LCE) resources and measured in million tonnes (mt)."

Andrada is working towards proving up 205Mt. of petalite but only 81Mt is currently classified to JORC standard. If they did have 205Mt to JORC then at 4.3% lithium they'd have 21.8Mt of LCE and that's from Uis alone.

There's enormous upside here.

TDT

"An auction for a five-year exploration right to the Jiada Lithium Mine in Maerkang city that started on Thursday had received 4,470 bids as of 0855 GMT, according to auction data from the Sichuan Public Resources Trading Center. The highest bid hit 2.5 billion yuan ($346.81 million), 783 times the starting price of 3.19 million yuan."

https://www.reuters.com/markets/commodities/lithium-mine-auctions-chinas-sichuan-draw-thousands-high-bids-2023-08-10/

Kinda makes you wonder what the "eye watering" figure was.

TDT

Https://www.lowyinstitute.org/the-interpreter/iran-s-lithium-lode-potential-strategic-game-changer

TDT

"Lets hope we don't get a intra day RNS and you miss your buy in price forever."

Priceless. The only RNS you're going to see here is a Friday after the bell (no not the fat one, the one that goes dingaling) RNS confirming a confetti event at a price equivalent to a farthing in old money.

TDT

That's about 1B additional shares. At a placing of 0.1p that will produce £1m. I don't see them getting that. I suspect 400m to 500m new shares at 0.1p per share to produce £400k to £500k. That will pay Bell's salary for a year, take care of the other hangers on, cover expenses and leave a bit to continue pretending they're going to actually progress one of their licenses.

TDT

Jrlomax

It looks like your prediction of a 0.1p fund raise ruffled a few feathers twice now. Is this Bell throwing a hissy all the way from DRC?

People predict on these bulletin boards all the time and these posts don't get removed so why this one and why now? It's not that this bulletin board does or can influence anything.

The way the LSE reporting system works is if enough people report a post its automatically removed not matter the content. Somebody somewhere is working the key board hard. Its usually an organised ramp collective doing that sort of thing but Red Rock isn't that popular with any ramp crew that I've seen, apart from Helpful that is and he's a ramp crew of one.

Having said that one poster with several accounts could do it. Not pointing any fingers mind you.

TDT

Rgbuk

From what I can gather spodumene has more impurities than petalite so the higher percentage of lithium in the former is somewhat off-set by the more costly processing. From memory it has a higher concentration of Fe2O3 than petalite.

When you consider that spodumene contains about 6% lithium and petalite 4% you’re transporting an awful lot of what is ultimately waste along with the lithium. Processing the ore at site, or at the least somewhere in country, apart from adding additional value for the host nation significantly reduces onward transportation costs.

Lithium mining/processing is a relatively new sector which is clearly still evolving. Andrada seems to be well positioned to take advantage of that or at least that’s the hope.

TDT

It's a long read but it's a good read. He's very clear on what he thinks is the way forward for lithium.

TDT

https://stockhead.com.au/resources/the-shape-of-lithium-to-come-ken-brinsden-plays-free-jazz-on-next-10-years-of-lithium/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-08-08-2023&utm_content=httpsstockheadcomauresourcestheshapeoflithiumtocomekenbrinsdenplaysfreejazzonnext10yearsoflithium&utm_medium=email&utm_campaign=Morning%20email%20Wednesday%20August%209&utm_content=Morning%20email%20Wednesday%20August%209+CID_1686c49162ae69827fbbea8756994f7d&utm_source=Campaign%20Monitor&utm_term=The%20Shape%20of%20Lithium%20to%20Come%20Ken%20Brinsden%20bangs%20the%20drum%20about%20the%20next%2010%20years%20of%20lithium