Andrada Mining Share Discussion Threads

[lasata] 06/4/2022 10:07

"Lithium carbonate prices in China were at 496,500 yuan/tonne in early April, marking an 80% gain so far in 2022 amid soaring global demand and supply scarcity. Surging energy prices due to Russia’s invasion of Ukraine strengthened the appeal to transition away from fossil fuels, adding to the booming demand of electric vehicles. After rising 157% to 3.2 million units in 2021, electric vehicle sales in China are expected to cross 5 million in 2022. Also, Deloitte forecasts a 29% compound annual growth in electric vehicle sales, totalling 32% of new car sales by 2030. At the same time, reports from Mineral Benchmark Intelligence indicate that Chinese lithium inventories remain low. The difficulty for miners to find new sources or develop new technologies to source lithium from brines make producers unable to match higher demand. Lithium’s supply deficit is estimated to expand to 26,000 in 2022 and 300,000 by 2030."

[lasata] 06/4/2022 10:01

Interesting....

"The positive identification of spodumene, a primary lithium mineral within the B1 and C1 pegmatites (announced
2 March 2022), together with known tin and tantalum mineralisation, highlights the prospectivity of the ML129
mining license. The Company intends to progress the initial exploration programme here, with the aim of
confirming and expanding the historical drill hole database, and potentially establishing a JORC (2012) compliant
mineral resource estimate"

[koolio] 06/4/2022 08:31

I would imagine that they have been waiting to release the prepared growth strategy plan until the Mcap crossed the £100M,

[a2584728] 06/4/2022 07:37

Marvellous RNS. Now the funds will take a real interest

[3ootuk] 06/4/2022 07:03

Looks like that 5 year plan leaked...

"... Financial modelling by the Company indicates that this growth will potentially increase revenues from approximately US$20 million pa for the current operation, to more than US$100 million pa. Financial modelling by the Company also indicates a potential NPV in excess of US$500million and an IRR of 130% for the post-Phase 1 expansion, assuming a 70-year life-of-mine at a discount rate of 8.3%, including sunk capital to date.. "

[fillipe] 05/4/2022 15:06

The real-time ASK is still rising with lowest on show now 9.7p.

f

[3ootuk] 05/4/2022 14:34

Definitely breakout from the rising trend channel

[a2584728] 05/4/2022 14:22

Breakout ?

[lasata] 05/4/2022 13:56

Fastmarkets (alias Metal Bulletin) report....worth reading

[a2584728] 05/4/2022 13:26

All. I shared TNT with you guys and some of you made a few quid which is always nice. My latest buying opportunity is CSFS which I think should follow suit. I hold some at average 19p and am hoping to see 50p in say 3-6 months. All imho of course

[lasata] 05/4/2022 10:53

Mon plaisir!

[fillipe] 05/4/2022 10:46

lasata, many thanks for the report date and all your mentions.

f

[lasata] 05/4/2022 10:26

Now we are £100M company....other investors will take note. Look at the progress of ALL when it hit that level not long ago. Now worth £350M!

[lasata] 05/4/2022 10:25

filipe...Well worth listening to this interview with Av

[lasata] 05/4/2022 10:24

filipe....report dated...March 28th.

[fillipe] 05/4/2022 09:30

lasata
4 Apr '22 - 12:29 - 886 of 892
0 4 0
DRF........read the H&P report...24p target there!

lasata - thanks for that mention. Do you have the date of that report, please.
Thanks again.

f

[nicosevos] 05/4/2022 08:58

How about,today!

[mold breaker] 05/4/2022 08:57

10p this week or next?

[nicosevos] 05/4/2022 08:37

Looking good....Onwards and upwards!!!!
gla

[lasata] 04/4/2022 18:01

Interesting...thank you.

So do we think ATM maybe receiving "unsolicited" offers too?

[ukgeorge] 04/4/2022 16:25

Atlantic lithium has got the after burners on today after taking off over the last few weeks. They have one of the most promising lithium deposits globally and put out an RNS that they had been contacted by several parties in regards a takeover.

In that recent research note they highlighted Bikita and prospect lithium that have both recently been taken over in Zimbabwe.

ATM is surely going to be being flagged up to people now, massive li resource and potential of new deposits.

The next few months could become very exciting. Roll on us having some good drill results this year.

[ukgeorge] 04/4/2022 16:02

Fingers crossed we close near the high, shouldn't be much resistance going forward.

[lasata] 04/4/2022 12:29

DRF........read the H&P report...24p target there!

[dunns_river_falls] 04/4/2022 11:25

I genuinely don't think that most PI's get the scale of the potential on offer here. All ATM bb's are quiet. This should change incrementally over the year. The potential is just mind blowing. All the while the rerate continues... And when the herd arrives hopefully we will already be 15p+

[lasata] 04/4/2022 11:21

Strong buying today..."enjoy the ride" as AV says!