Member Info for TrickyDicky2

Folio

Considerably less than Eurasia.

TDT 😂

Just over 8 weeks until De-list Day. They're cutting it fine if they are still actively looking to find a decent RTO target. They would need to call and EGM to get shareholder approval and the notice period for an EGM is 14 days I believe. If we don't get anything before the end of the month is looks like the EGM that will be called will be to re-list as an investment vehicle. I can't see them getting approval for that.

TDT

The war didn't stop Amur Minerals from selling their Kun Manie nickel asset in the east of Russia. Of course the big difference is they had a buyer and, most significant of all, they had something worth selling.

TDT

You can't run on an empty tank that's for sure.

I guess the Orange Trust saw the potential here a good bit before everybody else. If AV is to be believed it seems that quite a lot of other people are rapidly waking up to the potential also.

TDT

Pekingduck

Orange Trust would have had a compelling reason to lob in more money and not just the coupon or the premium either. If not in the belief that Andrada has something worth investing in then what? Seems to me that the potential here is maybe a bit more obvious than you think.

Horizonte isn't a direct comparison but its worth looking at since it currently produces nothing, is still a way off commissioning its new plant and has a good 6 yo 9 months before expected first metal never mind name plate yet its MC is £424m. You don't need to be producing to have a healthy MC.

Agree with your comment on Orion. If Andrada can afford to pass up on the offer of money from them then it bodes well for what/whoever it is they do hook up with. Or at least that the hope/expectation.

TDT

TDT

M9991

I've been dealing in AIM shares for close on 20 years. I know my way around.

I think you only need to look at Andrada's share register to see the difference between it and almost 99% of other junior explorers/miners out there. I'd expect the share register to look more like Horizonte's once the next significant milestone is reached. As for hot money and spikes I'm not sure you are going to see that here anyway. If you know Horizonte the one thing you'll be aware of is the share price's stubborn refusal to budge despite the fact that they are two thirds of the way to completing their mine and processing plant. I expect to see the same thing here once the initial uplift from a strategic partnership is concluded. And even if the hot money does turn up so what. A little bit of excitement, from time to time, does you good.

I'm new to Andrada thanks to a good friend pointing it my way but like you I'm here for the journey. I think the potential, if all the ducks line up like we hope, is exceptional. As AV has said on numerous occasions its a once in a life time opportunity.

TDT

TDT

That's straight out of the snake oil salesman handbook that one.

If you ever needed evidence of what you've got here in Helpful then that's a perfect example. It's not so much a lesson in learning to read as an example of just how devious and slippery a snake he is. I guess he learned that from the master, AB, himself.

TDT

And do you not think that was what I was trying to highlight? The caveat I attached to the in-ground estimate was quite clear. Your response to my post did, to me at least, come across as negative. In particular your assumption that the market never gets it wrong and that Andrada is therefore, currently, priced correctly. As for you comment that only tangible value events will lead to a significant and sustainable share price increase I disagree. The market is littered with examples of share prices taking off either without or well in advance of tangible value events. Sentiment is a huge factor, in particular, on AIM.

At the end of the day we are all on the same side. We all think we've found the next big thing and, as people tend to do, allow ourselves to fall prey to confirmation bias. In this instance, however, I'm inclined to believe that the tangible, as you call it, far outweighs any possible bias. If the tangible, at present, does not include an off-take or finance or completed phase 2 or ramp up or nameplate it does not diminish the tangible that is present, resource definition, working pilot plant, revenue generation, increased commodity price and, most important of all, global economic factors.

I don't know about you but I'd much rather be in now than wait until all the boxes have all been ticked and the feeding frenzy well underway. Given the amount of time you appear to have been here I guess you feel that way too.

"Lots of companies talk a good game."

And that's not negative?

TDT

Your post December 2021.

"Even if they achieve half that, its mind blowing for such a small company and shows where we are going."

What's changed?

TDT

M9991

If you read the presentation you will see that the current gross resource is 138Mt. The target resource figure is 205Mt. If you read the PEA you will see where that figure comes from. If you also listen to the discussion with AV at the Overberg geoscientists group talk you’ll get a better understanding of how they are approaching the issue of dealing with resource definition. It seems like you are also misunderstanding the resource and the way its reported. The recent presentation reduces the lithium down to what they call LCE, lithium carbonate equivalent. We know what lithium carbonate sells for. If you have any doubts take a look at this web site.

https://tradingeconomics.com/commodity/lithium

Lithium carbonate is priced in CNY which is understandable given the stranglehold the Chinese have on this market. The current price is 307,500CNY/tonne which is $42,500/tonne.

It easy to miss a lot of this stuff but its out there is you look.

TDT

Safaniya

Thanks.

There's an awful lot here to be positive about. The resource that's still to be defined one can only guess at. You can't even put a sensible figure on that given the number of pegmatites at Uis still to be drilled and measured. As for the other two licenses who knows how much lithium they contain, pick a number, any number. With all of that going on you could almost be forgiven for forgetting about Brandberg West.

It would be easy to forget about all the other positives here as well, cost improvements through economies of scale, grade improvement from ore sorting, historical drill data at Namibia’s cadastre, good jurisdiction, existing infrastructure, buoyant market for all 4 metals (I neglected to include rubidium - 109,400 tonnes at an average grade of 0.14% produces 153.16 tonnes @ $5.7m/tonne = $873m).

The challenge now is to get phase 2 funded, built and producing.

TDT

I’d like to put this out there to see what everybody else thinks. The below link is taken from page 8 of the May 2023 presentation.

https://www.dropbox.com/s/0l7aob5xwqmd4c4/Page%208%20-%20Initial%20saleable%20lithium%20concentrate%20-%202023_05.png?dl=0

The area highlighted by the largest red box confirms the following metal quantities derived from a gross resource of 81Mt.

Gross resource - 81Mt

Tin – 120kt

LCE – 1.45Mt

Tantalum – 6.96Kt

On the same page you will see a reference to a current resource of 138Mt, outlined in red, and the target resource of 205Mt also outlined in red. The figure of 205Mt is 153% higher than the 81Mt the metal quantities have been derived from. Assuming the grades are consistent at the Uis license, and I believe they are, then a 205Mt gross resource would produce the following: -

Gross resource – 205Mt

Tin – 303.6Kt

LCE – 3.67Mt

Tantalum – 17.61Kt

I believe the 205Mt figure will come from the pegmatites highlighted in the link posted above. You can find more information on how the 205Mt was arrived at on pages 5 and 6 of the 26th. April 2022 PEA.

https://www.dropbox.com/s/h0fncnm21eisxrs/2022_04_26-Preliminary%20Economic%20Assessment%20copy.pdf?dl=0

The area the 205Mt gross resource is from is somewhere between 12sq. km and 15sq. km (you can just about make out a 1km marker beside the legend on the right hand side). The ML134 license area in total is 200sq. km so it seems to me that license ML134 has lots more to give.

The real kicker here though is the value. Current market prices as of 07/07/2023 for the three metals: -

Tin - $28,000/tonne

LCE (Lithium carbonate equivalent) - $42,500/tonne

Tantalum - $150,000/tonne

If you do the maths you come up with an insane in ground value for the three metals from what is likely to be a modest gross resource of 205Mt relative to the actual potential of Uis. Now I appreciate that in ground values are somewhat meaningless but if you factor in the fact that we have a reasonable idea of what current C1, C2 and AISC figures are and that there is upside from proposed economies of scale and ore sorting to come then it seems to me the potential here is truly exceptional.

And all of that is before you consider the remaining potential at Uis and the potential of the other licenses.

Please feel free to kick around the above, pull it apart where appropriate and correct any errors because an in-ground value of US$167B seems far too good to be true.

TDT

You're not accusing the Mail of shoddy journalism surely!

TDT

All that yet you can't put a value on Andrada and rely for your information on what other people post on a bulletin board! You are strange one.

TDT

I'm referring to your cut and paste of the Daily Mail editorial of 08.05 today. That's your opinion and that's fine.

TDT

For some one invested in lithium/Andrada you are remarkably ill-informed.

TDT

Refuting the nonsense you post on here Helpful would be a full time career.

TDT

DeffoTheLastSpin

Have you put a value on what has been drilled and measured up so far?

TDT

Some interesting comments/observations in this article.

TDT

https://www.afr.com/chanticleer/the-coming-lithium-copper-bull-market-will-be-frightening-20230707-p5dmi7

"Lithium created more millionaires in Australia than any other sector in the COVID-19 and post-COVID eras and the party is only just getting started........"

"....the closed-door conversations happening in boardrooms involving lithium and securing supply of lithium is like nothing seen in Australia in the past 50 years."

“But when the world normalises, the commitments that every government has made, every big business, every car company on net zero and transmission of energy holy hell … the structural bull market coming – in copper, zinc, lithium, cobalt, nickel to a degree, rare earths – is just frightening.”

Good stuff.

TDT

https://miningdigital.com/articles/tin-production-at-andrada-mining-reaches-record-levels

"He explained, "The ongoing strategic process to identify a partner for the lithium development is going well and will transform Andrada from being a fledging developer to a fully-fledged miner of technology metals."

"We have been encouraged by the level of interest from potential lithium partners globally and are confident of being able to conclude an attractive transaction for shareholders and broader stakeholders this year," he said. "