Andrada Mining Share Discussion Threads

[weyweyumfozo] 05/8/2020 14:03

Turner Pope Marketing Communication:

"Valuation: DCF-derived value of £74.3m or 9.5p/share attributable"



I've just realised that this new BB has been started - nice charts.

[weyweyumfozo] 05/8/2020 14:00

Turner Pope Marketing Communication:

"Valuation: DCF-derived value of £74.3m or 9.5p/share attributable"

[weyweyumfozo] 05/8/2020 10:37

"AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, is pleased to provide an operational update.

Highlights:

▪ Monthly production of tin concentrate for July 2020 increased to 35 tonnes, representing a month-on-month increase of 79%;

▪ Sixth shipment of tin concentrate dispatched on 3 August 2020;

▪ Tin concentrate assays averaged 65% contained tin, resulting in 93% payability;

▪ Debottlenecking of fines dewatering circuit nearing completion; and

▪ Offtake agreement with Thailand Smelting and Refining Corporation ("Thaisarco") renewed for a further 12 months."



I was a bit disappointed regarding the placing, as for some reason I thought that they would borrow any cash that they needed. In hindsight, Anthony Viljeon did look slightly less composed under questioning in his recent CRUX Investor interview. I suppose this good update was released after the placing so that some of the fundraising participants can make a quick buck. Dealings in the Fundraising Shares issued are expected to commence on 10 August 2020.

Anyway, it's done and we can now make some progress.

[a2584728] 05/8/2020 07:29

That's a timely bullish update following the successful placing. May see some of the team take out their fees through the rise ?

[paddyfool] 03/8/2020 18:52

Great news, now properly funded.

[outlawinvestor] 31/7/2020 20:37

[Industry news | FYI]

AVZ Minerals advances plans to develop Manono Lithium and Tin Project in Democratic Republic of Congo


Alphamin Provides Operational Updates on its Bisie Tin Mine in Congo

[32campomar] 31/7/2020 09:32

Nice recovery. About time too with tin prices at 52week highs. Dirt cheap.

[32campomar] 29/7/2020 20:53

For those who can't see it, the target is 14.4p

[32campomar] 29/7/2020 20:52

Unfortunately not but that's quite a share price target compared with current levels, clearly big upside potential.

[outlawinvestor] 29/7/2020 19:04

Has anyone read the paid-for July 7th research note from Hannam Partners? I haven't yet as it requires registration.

[outlawinvestor] 29/7/2020 13:02

Apparently...

Tin dramatically speeds up lithium ions in battery anodes

[32campomar] 29/7/2020 09:29

Share price at last waking up to rising tin prices, in line with the general metals market. Would seem ATM is the only stock in this sector that has been overlooked hopefully that's beginning to change.

[outlawinvestor] 28/7/2020 13:33

Interesting - I wasn't aware of that. It seems though AfriTin wasn't the seller / isn't the owner.

[shieldbug] 28/7/2020 13:06

In early 2018 (near lithium price highs) Montero entered into an agreement to acquire 95% interest in the old UIS tin/lithium tailings dump.

However a recent document states "Montero has not made the property option payment of US$275,000 due on October 15, 2019 to keep the existing agreement in good standing and is in default of the agreement." It looks as though they have instead submitted an amended agreement with terms more favourable to Monero.

One wonders if Afritin will one day be processing lithium and possibly Tantalum from the old UIS tailings dump.

[32campomar] 28/7/2020 12:38

Here's the link to the quote on tin margins at 20% at $15000 https://www.proactiveinvestors.co.uk/companies/amp/news/922737

[32campomar] 28/7/2020 12:37

From proactive investor article last month "We're making huge strides in terms of the optimisation of the plant," says Viljoen."We're expecting a 20% margin, and that's just on the tin, with the tin price at around US$15,000. Add in the tantalum and the margin goes up quite substantially. Our C1 costs are running at around US$13,800 per tonne, but the bigger we make the throughput the more lucrative this operation will become."

[shieldbug] 28/7/2020 12:27

Not sure where the 20% margin at $15,000/t comes from. The cash cost for Stage 1 is given as $13,900 which would be about 7%. At the current price of $18,000/t the margin would be about 22%.

[32campomar] 28/7/2020 09:30

Anyway nice to see I'm not here talking to myself! Metals in general look to be the place to be right now, even if this is unglamorous, so could be an excellent price to pick these up.

[32campomar] 28/7/2020 09:27

At $15000 a tonne they are on a 20% margin, so not sure I share your view that price is not that important on its own. It's now at $18000 a tonne and this is historically still cheap.

[shieldbug] 28/7/2020 09:02

In mid June the operational update said "an upgrade to the slimes dewatering circuit has commenced." and that this work aimed "to advance to nameplate capacity of approximately 65 tonnes of tin concentrate per month towards the end of H2 2020."

In my opinion successfully fulfilling this is key to moving the share price. The company's strategy is literally to prove by doing. For whatever reason tin is not a glamorous commodity and the grades at UIS are not high. So price improvements may not help share price until the company proves it can convert rising tin price to meaningful cash.

That said, I added recently.

[32campomar] 27/7/2020 06:38

New Tin 52 week high set overnight

[32campomar] 23/7/2020 15:53

Tin in touching distance of a 52 week high. One of these days the market will wake up to ATM!

[32campomar] 23/7/2020 07:20

Just a shame no-one seems to have picked up on this, at $15000 a tonne the margins are 20% making this ridiculously cheap at the current tin price. Think the company need to be a bit more proactive on the PR front!

[outlawinvestor] 23/7/2020 06:42

Tin closed @ $17750 yesterday matching its Jan 2020 high.