Andrada Mining Share Discussion Threads

[weyweyumfozo] 19/5/2021 16:07

I think he used to be OK in face to face interviews, but he doesn't seem to like talking to a computer screen.

[diamond1] 19/5/2021 16:03

Anthony Viljoen is not very good at communicating what's happening. The interviewer had to repeat questions several times before getting remotely clear answers.

Longer term, this looks like a very good investment. My worry is getting to the medium term stage. The next financials should be very interesting.

Meanwhile the company should employ a better communicator to do these presentation videos.

[lasata] 19/5/2021 15:53

Encouraging news re Cannacord...a shrewd outfit...

[dunns_river_falls] 19/5/2021 15:30

Canaccord took lots of placing shares by the looks of that RNS

[ukgeorge] 19/5/2021 14:41

making $1.3M a month will increase by 70% after phase 2 so should be $2.1M a month

[lasata] 19/5/2021 14:12

Well worth watching....with ATM's CEO

[koolio] 14/5/2021 15:19

Hannam and Partner research note

hxxps://www.hannam.partners/insights/research/research-articles/uis-phase-1-expansion-dfs-boosts-capacity-by-67-13m-equity-raise-to-accelerate-development/

[lasata] 14/5/2021 13:00

Mark Thompson..twitter

"1289t draw on Shanghai Futures Exchange tin warehouse stocks today. General market feeling is that this was for local consumption and not for export to the West. If so, and Chinese market is now short, then next leg higher on prices is imminent."

[ukgeorge] 14/5/2021 11:26

12.5p price forecast

[ukgeorge] 14/5/2021 11:25

H&P research is free and MIFID-II compliant. For details please see here.AfriTin Mining?(LN:ATM)Uis Phase 1 expansion DFS boosts capacity by 67%; £13m equity raise to accelerate developmentGICS sectorTickerMarket cap 13-May-21 (US$m)Share price 13-May-21 (GBp)Target price 28-Feb-22 (GBp)MaterialsLN:ATM66.66.112.5

[paddyfool] 12/5/2021 13:00

more than half

[lasata] 12/5/2021 10:44

PF...thank you.

Heard the fund raising was 100% oversubscribed...what % of your application did you get?

[paddyfool] 12/5/2021 10:35

First question, I am clearly geographically challenged i meant North! Second question: My broker rang me up to tell me the offer was on and that they would try and get an allocation from the placing broker, I told them yes, gave them the number I wanted and on it went. I have four broker accounts, carbon based life-form ones, and two digital only accounts. My strategy is to buy on capital raises, because I almost invariable see them as a good thing, as above, then the strategy and thinking I have to do is all around the exit. The brokers advise on that and i put my own view in too. By and large I do not tend to buy in the open market.I dont have the ability and insight to make those judgements well, long experience has taught me this! Learning the hard way. That said occasionally I do.

[lasata] 12/5/2021 09:48

Paddyfool.....as a private investor how did you get an allocation in the fund raising?

[koolio] 12/5/2021 09:17

Paddyfool; Why would a boom drive commodity prices South, Surely demand would send prices North

[paddyfool] 12/5/2021 08:55

I think this raise has created a tremendous platform for this business to accelerate over the coming years. Every business can be accelerated by cash and every business can have the management distracted about whether to raise cash or not. So liberating this business from those distractions is a very positive thing. Management can now focus on driving the business forward. I think this time next year the share price will be multiples on from where it is now. We are almost certainly heading into a post Covid boom which will draw on natural resources and drive prices further north, also with the ability to extract other rare deaths from the mine and its outputs, just adds yet more. I partook in the raise substantially for me. I got scaled back but Im happy with what I got. I will be holding this for the forseeable.
I also have a strong belief in the competence of this management team. So....cash in hand and competent management team with a great resource, a strong and increasing demand for its output of which there is a shortage on the planet...it couldn't be better.

[lasata] 12/5/2021 08:48

Think it has been taken well by the market

[3ootuk] 12/5/2021 08:31

To be fair, a lot of my commodity shares are raising funds (easily) to accelerate production on the back of rising sales price.
Dilution is never nice, but this type of fundraising should be cash generative relatively quickly.

[koolio] 12/5/2021 08:27

The placing was not unexpected, there has been a mention of it being needed prior to phase 1 expansion. I’m glad that it’s out of the way and we will hopefully see the share price take the next steps. Just a bit disappointed at my timing for a top up earlier in the week. I would imagine that Hammman associates will produce a new broker note soon which will provide some information on time line.
This management team are motivated bunch from November 2020 until now when they get the new project started is not long to have rested and reflected on past success. Happy to hold.

[mold breaker] 12/5/2021 07:15

Highlights
Placing of 216,666,667 Ordinary Shares at a price of 6 pence per Ordinary Share ("Fundraising Shares") to raise GBP 13 million (before expenses). The price of 6 pence represents a discount of 12.5 per cent to the Closing Price on 11 May 2021.

Anthony Viljoen, CEO of AfriTin Mining Limited, commented:
"We are very pleased to announce today's oversubscribed Placing which puts the Company into a position to expedite the Phase 1 expansion of our flagship Uis Tin Mine in Namibia at a time of unprecedented high tin prices.

We may not fall back to the placing price...

[3ootuk] 11/5/2021 21:20

"... The Phase 1 expansion looks to increase production by 67% and bring lithium and tantalum products on stream..."

Good to see that the bi-products are still in phase 1, and not pushed back.

[3ootuk] 11/5/2021 21:02

Placing prices are often averaged over a period, but some ii might want a bigger discount. A fair few of my holdings are placing in order to speed up expansion as commodity prices increase.

[lasata] 11/5/2021 18:42

Miton Small Cap and Marlborough Nanocap funds maybe keen to top up....

[outlawinvestor] 11/5/2021 17:47

Yes, and if oversubscribed, depending on the extent of interest the placing price could be above 6p. And this time there are no warrants on offer!

It's good they're not dragging things, simply getting on with it after the DFS.