Member Info for TrickyDicky2

Hi sasa43

I think Huayou Cobalt buying a small stake in Askari allows them to keep tabs on Andrada and developments at Uis which, IMO, is the principal reason for them making this move. It would not surprise me to see them make an 'eye watering' offer of some description for Andrada. We have what they want and they have what we need.

Whether an offer is for part or all of Andrada remains to be seen. AV might not want to sell but everything has its price. The number has to be right and there just needs to be enough zeros.

TDT

.......to buy at the moment.

We know Amur is a leaky ship from previous experience.

TDT

Https://stockhead.com.au/resources/you-gotta-risk-it-for-the-biscuit-heres-why-asx-lithium-players-have-high-hopes-for-africa/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-07-27-2023&utm_content=httpsstockheadcomauresourcesyougottariskitforthebiscuithereswhyasxlithiumplayershavehighhopesforafrica&utm_medium=email&utm_campaign=Morning%20email%20Friday%20July%2028&utm_content=Morning%20email%20Friday%20July%2028+CID_70479d49b147ac50aecd22e4c2310ab8&utm_source=Campaign%20Monitor&utm_term=You%20gotta%20risk%20it%20for%20the%20biscuit%20Heres%20why%20ASX%20lithium%20players%20have%20high%20hopes%20for%20Africa

Some back ground reading for those interested. They only highlight ASX listed explorers so Askari gets a brief mention as does Namibia. The spotlight is on Africa will fall on Andrada nevertheless.

TDT

"“I doubted the speed of the ramp up of many of those operations but those Chinese investors have brought lithium to market much quicker than I ever expected,” he said."

"Chinese manufacturers’ ability to blend petalite and spodumene concentrates into battery grade material has made the Zimbabwean deposits more attractive, Jackson said."

https://www.mining.com/web/zimbabwe-eyes-world-no-5-lithium-spot-as-chinese-investors-boost-capacity/

We have what they need and they can do what we want. Seems like a marriage made in heaven.

An update from Lithium Ridge confirming spodumene deposits wouldn't go amiss.

TDT

MB11

From the May Corporate Overview.

• Double-digit unsolicited approaches from international lithium entities from five continents

Europe, North America, Asia are three obvious continents that will be showing interest. Any ideas on the other two? Australia and South America? Once you include them you're only left with Africa and Antartica. The former is an outside possibility but i think we can safely rule out the latter.

TDT

"reviled"

I hope that was just fat finger syndrome ;-)

TDT

"There will be fierce competition for feed"

"Based on our analysis of off-take agreements announced in the public domain, equity investments and Fastmarkets’ existing market insights, we have produced estimates on available production, utilising 2030 as a base year."

"Africa is forecast to be one of the largest growth areas for lithium supply over the next decade, thanks to its unrivalled mineral endowment. Our calculations show that 80% of forecast production in 2030 is already tied up in vertical integration and off-take agreements, leaving 20% (~90 kt LCE) unaccounted for. Of this 80%, 93% is destined for the Chinese market, as Chinese owned companies have aggressively expanded in the region to diversify supply and reduce the reliance on feed from Australia."

https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand

TDT

Sorry that should have been:-

"Since the start of this year the price of nickel has gone down month after month while stocks have gone down."

TDT

Hi gwm121

I don't see the price of nickel spiking in the near term. On the contrary I expect it to pull back under $20,000/tonne and to possibly go as low as $18,000/tonne. I'm not sure tracking LME nickel stocks is a reliable guide either. In the aftermath of the recent goings on with Tsingshan and the whole shorting debacle I think the LME has lost a lot if not all of its credibility.

https://www.dropbox.com/scl/fi/fhcl1rgj62plurpqwo93j/Screenshot-2023-07-25-at-21.10.20.png?rlkey=cvpgvwo0gqczb9kqqcyuf6ga6&dl=0

Since the start of this year the price of nickel has gone down month after month while stocks have gone up. That's not what's supposed to happen. Throw into the mix what's going on in Indonesia and it seems to me that the nickel market is going to be a very unpredictable place for quite some time to come. Nothing new there then!

Fickle nickel.

TDT

......have another one of its periodic mad moments.

https://www.dropbox.com/scl/fi/45vd0ok7pgfuip9dak5rz/Nickel.png?rlkey=k9hu4d8drb64kn5mq330ceael&dl=0

TDT

Gilyard

I don't think there is much chance of that. September should see a significant change in Andrada's fortunes with the announcement of a tie up with a strategic partner. Once that's in the bag it's a whole new ball game.

TDT

Its US$316,000 pa.

TDT

I think Andrada has made clear the route they intend taking

• Strategic partner sought to participate in the acceleration of the Company’s lithium strategy for the Uis mining licence

• The process to identify a strategic partner with appropriate technical and financial capabilities

• Strategic review stages: non-binding submission of term sheets ,shortlisting and selection of partner

All outlined in the May 2023 Corporate Overview.

TDT

If they are still on track the last date for release would be Monday 31st. That’s a week tomorrow. My money is on an RNS sometime this coming week.

TDT

If they are still on track the last date for release would be Monday 31st. That’s a week tomorrow. My money is on an RNS sometime this coming week.

TDT

We are due an update. The 26th. June Operational Update RNS states “Infill mapping and channel sampling along strike of drill targets on the ML133 licence area ("Lithium Ridge") completed in May 2023, and the initial assay results expected in July 2023.”

TDT

And you tradedesk have a rather unhealthy obsession with trying to silence anybody with a negative view of Red Rock. What is it that is actually unhealthy here? Somebody exposing the fallacy that’s Red Rock or somebody trying to silence those with a different opinion? You are, after all, looking to profit from a no hope AIM life style company and the only way you can do that is to pull in the the naïve, inexperienced and gullible to invest. Is that healthy?

Bottom line is few people, if any make investment decisions on the basis of what’s posted here. Since that’s the case you might as well enjoy the exchanges. You never know tradedesk you might learn something about Red Rock that helps you avoid being wiped out. In the interests of balance of course the opposite may transpire.

Now if you’ll excuse me I need to go and see where the pig that just flew past my window landed.

TDT

The welding process is automatic, probably MIG, so it would be a surprise if they screwed up. They've plenty of experience with this type of welding in Brazil on cans this thick, think oil platform legs, but it's still good to see the work which looks tidy.

Looking tidy is one thing a successful NDT is the next Onwards and upwards.

TDT

"Well if Gecamines can get their settlement why can't we?"

You can't because Gécamines is one of the largest mining companies in Africa, and the biggest in the Democratic Republic of Congo whereas Red Rock is a two bit operation run by a serial failure.

TDT

Fortune favours the brave nesty. It looks like your timing was impeccable.

News before the end of the month followed by the big one in September. I think you're right about a lot of people not realising how advance Andrada is. I also don't think people have picked up on the difference in Andrada's approach to Premier of Atalntic's both of whom appear to be suffering from ill judged attempts to rush into production.

It will all become clear in time.

TDT