Andrada Mining Share Discussion Threads

[megaman2] 26/11/2021 18:45

Bushveld don't hold any of afritin....9.5%? Have they been asleep...???

[ukgeorge] 26/11/2021 10:51

Company News
AfriTin (ATM LN) – 5.1p, Mkt cap £56.7m – £4.5m loan to expand Uis processing capacity
• AfriTin reports that it has closed and drawn down a N$90m (approximately £4.5m) senior secured loan facility with Standard Bank Namibia to fund the expansion of its Phase 1 processing plant at the Uis tin mine in Nambia.
• The five-year loan attracts interest at “3-month JIBAR (currently 3.85%) plus 4.5% (currently equal to 8.35%)”.
• The expansion plan will increase tin concentrate production by 67% to 1,200tpa from the current 720tpa rate through “the expansion of the dry crushing and screening circuits, consisting mainly of an additional secondary crusher and vibrating screen, and a fines ore stockpile to decouple the comminution circuit from the concentrator”.
• Afritin will also address “potential throughput constraints in the concentrator that may result from the increased feed rate, as well as improvements to the concentrate cleaning circuit to enhance tin recovery”.
• In addition to the senior loan, Standard Bank I also assuming Afritin’s working capital financing which “incur an interest rate of Namibian prime lending rate (currently 7.50%) minus 1.00%” and providing loan guarantees of N45m to Namibia Power in relation to the Uis mine’s electrical power requirements.
• CEO, Anthony Viljoen, said that the transaction with Standard Bank “marks the start of a long-term financing partnership to continue the rapid development of the Uis Tin mine to its full potential and growing our tech-metal revenue profile”
*SP Angel act for Bushveld Minerals which holds around 9.5% of AfriTin

[megaman2] 26/11/2021 08:11

I agree completely about the covid but could explain why it is not higher

[donald pond] 26/11/2021 07:52

The Chinese must be thinking of making an offer here before the price runs awayCovid is short term noise. Whatever happens won't be confined to Southern Africa

[megaman2] 26/11/2021 07:49

Is the softer price here to do with the new covid variant in Namibia?

[lasata] 25/11/2021 11:54

Tin price up 15% since then too!

[megaman2] 25/11/2021 10:11

Just a waiting game imo .

[donald pond] 25/11/2021 09:56

Added at a smidge under 5. The price is insane with tin at ath

[ukgeorge] 24/11/2021 14:30

operating costs will be getting a boost as the Rand depreciates :)

[lasata] 24/11/2021 13:41

Well they just did!

[lasata] 24/11/2021 12:59

Will tin prices hit $40000 soon?? Not far to go...

[ukgeorge] 24/11/2021 12:51

Google “widodo, Afritin”

[adobbing] 24/11/2021 12:43

Indonesia is corruption central, Google “Churchill Mining”.

Is widodo in any way involved here?

[someuwin] 23/11/2021 12:18

New detailed 20 page buy note - 20p target...

[donald pond] 22/11/2021 16:59

Well, going from Turner Pope to Stifel is a jump of several leagues. From Vauxhall conference to Premier League.

[lasata] 18/11/2021 12:04

Tin price at an ATH today.......

[3ootuk] 18/11/2021 09:22

That's potentially a massive RNS.
Excellent news.

[lasata] 18/11/2021 09:04

Add this in to the mix....

[lasata] 18/11/2021 08:36

Very positive news

[nicosevos] 18/11/2021 07:30

A good news RNS, nice....One of my better holdings!!
gla

[dunns_river_falls] 18/11/2021 07:21

"The Company is also investigating possible offtake routes in the battery materials market"

[megaman2] 18/11/2021 07:13

It's a boom from me...both pilot plants funded from existing cash flow. Glad they put this in as the cynic in me as I started reading the rns was thinking ok so when's the fundraise. But the amount are small fir tantalum 0.3 m. This js going to be a mega investment if it goes to plan!

[ukgeorge] 17/11/2021 16:02

Feels like these are going to spike higher any day now