Andrada Mining Share Discussion Threads

[outlawinvestor] 11/9/2020 15:28

Rising demand increases China’s appetite for overseas tin

...we expect that tin shipments from Myanmar will drop in September because of flooding. Mines in the Wa area have been completely flooded, while a mine collapse on August 20 has exacerbated the situation. Local news estimates that mines will resume normal operations in October. Therefore, we feel that Myanmar tin shipments in September and October could decrease to 1,500 tonnes tic per month.

[outlawinvestor] 10/9/2020 11:33

The drive for greener cars must be matched by cleaner lithium



Interesting opinion piece... not sure if ATM's lithium extraction plans carry similar environmental risks.

[shieldbug] 09/9/2020 08:48

Reduced ore processed, increased contained tin produced. Great result.

At the current rate of 25.6t contained tin per month at $18,000/t, annual revenue over $5m.

[a2584728] 09/9/2020 07:32

More positive progress in difficult times. Well done to the team

[outlawinvestor] 09/9/2020 07:19

Operational Update

Anthony Viljoen, CEO of AfriTin Mining Limited commented:

"We are pleased to have completed the bottleneck modifications to the dewatering circuit on our plant and to have extended the production increases of the past three months. We will now look to leverage these circuit improvements to reach our Stage I production target of 60 tonnes of concentrate per month in Q4 of 2020."



Good to read of more progress - close to 70% tin in concentrate. Well done!

[outlawinvestor] 08/9/2020 12:18

Recent Uis mine processing video shared by someone on the LSE forums:

[outlawinvestor] 07/9/2020 18:34

Tin 3 month futures in Shanghai have started the week with a continuation of last week's rally.

Not sure why but ADVFN won't let me insert an image tag! So here is a link instead!

[shieldbug] 28/8/2020 18:40

Makes you wonder if AV is "gambling" on a much higher tin price.

[sleveen] 28/8/2020 14:10

Exactly, the going concern makes the assumption that the CLNs WILL be converted (@4p)

[outlawinvestor] 28/8/2020 09:38

Some creative accounting by the company classifying the £3.8m CLN as equity rather than debt! With a 4p conversion price the chances of conversion are slim so it will likely be refinanced with a more dilutive issue.

The company is still some way off from profitable operations, I can't see many responsible options for supporting the balance sheet... AV needs to steer clear from painting a false picture of an undiluted balance sheet.

[32campomar] 28/8/2020 09:09

Yes huge dilution down the line unfortunately. Can't see anything but share price weakness, certainly in the short term.

[sleveen] 28/8/2020 09:04

Look at the going concern statement and assumption thereupon, looks like massive dilution coming based on the convertibles and loan notes.

Even full pilot production will not be enough to generate cash.

[32campomar] 28/8/2020 07:39

Can't see a lot to get excited about in those results

[outlawinvestor] 28/8/2020 07:24

Results for y/e 29-Feb-20 out. Shows c. £6.3m increase in assets powered by £2m in liabilities and £4.3m equity.

[outlawinvestor] 19/8/2020 07:55

The LME tin 3-month futures contract was unusually in contango yesterday (just $5). Same situation was observed last week at $25 contango.

LME stocks also ran above 5000 tonnes yesterday for the second consecutive day.

[outlawinvestor] 18/8/2020 18:15

I am somewhat surprised we have not seen more TR-1 notifications given the size of the placing plus "the majority of the Placing being subscribed for by the existing shareholders."

Last week's TR-1 from Canaccord was really on behalf of Hargreave Hale Ltd with a 5.495% holding which presumably is entirely different from the pre-dilution 7.5% holding of stable mate Hargreaves Lansdown Asset Management.

In any case hopefully the company will soon update the "Capital Structure" page on the website.

[outlawinvestor] 14/8/2020 11:49

The company has posted an updated presentation.

[sleveen] 13/8/2020 08:39

Bought 70k shares on the strength of the TR1 ; another few months may see 60t/m produced equivalent to around $1m per month revenue.

Hopefully at a minimum of a 20% margin generating around $200k/month cash.


EDIT looks like the above numbers are over generous.

[outlawinvestor] 07/8/2020 06:34

New proactive interview with AV:

[outlawinvestor] 06/8/2020 07:06

At best AV was naive with his comments. With almost $6m debt issued over the last 10 months it is reasonable that any new funding would be in equity.

£3.8m of convertible loans were issued last Nov at 4p conversion price - 95m shares if converted.

May's £2.05m loan notes may be redeemed by way of shares if ATM chooses, and the subscribers were issued 20.5m warrants @ 1.95p. The warrants will almost certainly be exercised.

I think this is just something to be aware of rather than be incensed by. The only thing that really matters as stated above is progress with the development of the plant - at the completion of Phase 1 Stage II the economics are mouthwatering!

[weyweyumfozo] 05/8/2020 14:38

I'm moving to what is a busier BB with better charts:

[shieldbug] 05/8/2020 14:35

After AV's comments about dilution being a bad word it is disappointing to see - dilution. Honestly though I am not surprised.

Similarly the timescales that were discussed last summer turn out to be optimistic. Again, I am not surprised.

However, the work they are doing is the single most important thing they can do to make this mine viable. The strategy is - build a small process unit, fine tune it, add bolt-ons for Tantalum and Lithium, then build a bigger version of this.

The key thing is that the strategy is intact and progressing, even if time and finance have missed targets.

[pugugly] 05/8/2020 14:30

TPI valuation however based on financial modelling so ususal cautions apply. DYOR etc

[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.