Andrada Mining Share Discussion Threads

[ukgeorge] 24/5/2022 15:54

I was looking at li americas earlier today they are up five fold in a year. The UK market really doesn't perform anywhere near as well as the US and ASX for lithium shares. Afritin should probably consider a dual listing. Hopefully the good news from today gets the share price heading back towards the 9-10p area over the next week or so.

[lasata] 24/5/2022 15:47

"The world’s hunger for lithium outweighs all the hesitancy, said Jon Evans, chief executive of Lithium Americas, which outbid China’s Contemporary Amperex Technology Co. Ltd., the world’s largest battery maker, to buy Millennial Lithium Corp. last year. The three-way bidding battle for Millennial’s lithium assets in Argentina lasted four months and included two Chinese suitors."

[lasata] 24/5/2022 15:46

The world needs lithium supplies to grow fivefold by the end of the decade to meet projected demand as the electric-vehicle revolution gets into full swing, according to BloombergNEF.

[ukgeorge] 24/5/2022 11:50

Talk about Afritin

[lasata] 24/5/2022 09:28

This would be worth going to...

[lasata] 24/5/2022 09:28

300tuk...interesting way to sell companies!

[lasata] 24/5/2022 08:23

Lithium producer Albemarle Corp. (ALB) upgrades outlook again. Albemarle Corp is the world’s largest lithium producer and has upgraded its outlook for the second time this month as it expects higher lithium prices and demand to further boost their sales. We have seen many EV companies sell out of some of their electric vehicles, and this highlights the lack of supply in battery metals, which is also pushing up the lithium price. Albemarle Corp, expects sales to now be as high as $6.2 billion this year, up from its previous estimate of up to $5.6 billion.

[a2584728] 24/5/2022 08:23

This should see it to 10p over next couple of days. Any buy out or RTO would need to be above 15p per share imho

[lasata] 24/5/2022 08:05

I agree fair chance that ATM will be taken over before lithium production at scale.....

[nicosevos] 24/5/2022 07:39

Yep, I agree....This Company will be snapped up!!!

[donald pond] 24/5/2022 07:35

I'm sure the plant will go ahead but the world lithium market is so stretched I'd not be surprised if ATM were taken over before it gets there

[ukgeorge] 24/5/2022 07:21

All sounds very promising, lithium obviously the commodity to concentrate on. Good to read that there are several potential off takers interested. Hopefully if the pilot plant proves the concept the off takers can help with funding.

[nicosevos] 24/5/2022 07:21

Woooooooooooooow.......Awesome news!!!!!!!!!!!!!!
gla
Edit....BOOOOOOOM!!!!!!!!!!!

[3ootuk] 24/5/2022 07:10

Excellent news that we should have a lithium pilot plant by end of year.
The tantalum seems to be a harder issue to crack. Are we too fussed if that's delayed or shelved if it makes the process too finicky?
The link to the process diagram does still show the Sn/Ta separation, though lithium is "easier" to separate with flotation.

[mesteve] 12/5/2022 15:15

This made my day!! :)
I know that I bought 100k more when they came back to 8p last week and thought how fortunate I was to have for them. I’m used to being wrong though (married).

[3ootuk] 12/5/2022 11:26

I suppose the PEA does say we need investment to bring stage 2 on faster, or go slower with just reinvestment of income.
We know there should be news sometime of the lithium and tantalum circuits.
Not really any new news to drive the price. As most smaller companies, stoplosses will be hit and punters try to save some profit which self fulfillingly drives the price down to long term support.

[ukgeorge] 12/5/2022 10:58

The stock market is such a strange thing. Down from 9p to 6p in a few days, it is baffling yes the tin price is down but this is weird. I guess that there is a capital raise taking place. The PI's are always the last to find out and almost always get shafted. Feel like I should turn the computer off.

[koolio] 12/5/2022 10:38

All of us that think we understand what ATM are doing and what they intended to do probably believe the sell off has been very over done. I know that I bought 100k more when they came back to 8p last week and thought how fortunate I was to have for them. I’m used to being wrong though (married).
As far as I’m concerned the story here is still good and the effects of global events like the Ukrainian situation Chinese lockdowns and rising inflation may drag us even lower. Almost 60% of shares traded on the London markets are in negative territory today so even amazing news would be wasted until some rational behaviour takes over. The fund managers believe that it’s better to be wrong with the crowd than right and stand alone, which is a pi,s advantage to beating the market. The need for tin is not going away, the Tin price is still massively high even though demand from Chinese isn’t that good, our management team are still doing what they do but got to agree with UKG the paper profits disappear is a bit sad, so I won’t be checking my portfolio again today.

[ukgeorge] 11/5/2022 11:13

The tin price is taking a beating at the moment, now down to $34,750/t this is the lowest since November, down from the $50k peak. But still massively up from last year.

Watching the paper profits evaporate here is bloody painful.

I wish the company would go and stick some drill holes into the lithium spodumene discovery.

[lasata] 11/5/2022 11:01

Musk says Tesla open to acquiring mining company
Peter Wells in New York

Tesla is unlikely to take over another carmaker, Elon Musk said, but buying a mining company was not out of the question.

Responding to an audience question about whether Tesla would use its market cap or other funds to buy a rival, Musk said: “I think it’s unlikely. No.”

Buying a mining company, though, might be a different matter, particularly if it helped Tesla secure easier access to important natural resources.

“That’s not out of the question,” Musk said. “It’s not that we wish to buy mining companies, but if that’s the only way to accelerate the transition” to electric vehicles, then the possibility was on the table.

Such an acquisition would only make sense, though, if Tesla were capable of changing that mining company’s trajectory.

Tesla recently struck a deal with Brazilian miner Vale to buy nickel needed for its batteries.

[jailbird] 09/5/2022 12:59

A global recession will put a stop to crazy prices or at least a significant slow down China's zero Covid policy will see to that as higher inflation is being tackled by high interest rates This will impact demand Will come to head this year The Ukraine war is inflating commodities

[lasata] 09/5/2022 11:03

I am sure ATM would welcome Elon..........

The price of lithium hydroxide has surged 140 per cent this year to more than $65,00 a tonne as electric vehicles sales have risen, according to Benchmark Minerals.

However, the increase is starting to unsettle carmakers. Tesla’s Elon Musk recently said lithium had gone to “insane” levels and was now the “fundamental limiting factor” in the growth of electric vehicles. He also said the company might consider mining or refining lithium.

[lasata] 06/5/2022 14:22

Dominic Frisby

Turning now to tin. After its parabolic run in February, the tin price has slid from a high of around $50,000 in early March to $41,000 today. I still think tin goes to $100,000 before this bull market is over, but a correction is a correction, and this one is consistent with the pullback across pretty much all metals markets.

[lasata] 06/5/2022 11:26

From the tin association:

AfriTin PEA plots route to major tin producer

26 April: AfriTin Mining has announced the results of the Preliminary Economic Assessment (PEA) of its Phase 2 expansion at its Uis mine. With forecast output of 9,000 tonnes tin-in-concentrate, Uis could become one of the largest tin mines in the world.

The Uis mine, located in Nambia, was historically operated between 1958 and 1991. Since acquiring the project, Afritin has begun to re-establish the mine using a two-phased approach.

Since 2019, AfriTin has operated Uis as a tin project. In this initial Phase of the redevelopment, Uis has produced some 500 tonnes of tin-in-concentrate annually. There are plans to expand the product range to include lithium and tantalum.

The success of tin production in Phase 1 has enabled Afritin to begin working on the second phase of development. Today’s PEA results represent the first step of this expansion.

The Phase 2 expansion sees Uis output rising to some 9,000 tonnes of tin-in-concentrate annually. Along with 1,000 tonnes of tantalum concentrate and 450,000 tonnes of 4% lithium petalite concentrate. Based on tin prices of US$ 40,500/tonne, the Phase 2 mine is forecast to record revenue of US$ 880 million annually and has a Net Present Value (NPV8%) of some US$ 2.1 billion.

With an initial CAPEX of US$ 440 million, Phase 2 is a significant investment. However, AfriTin forecasts a 1.5-year payback period, based on the significant aforementioned revenue. Phase 2 work is scheduled to take place between Q4 2023 – when the Phase 1 Expansion finishes – and 2026, when AfriTin aims to bring the expanded processing plant online. Further drilling is planned to expand the mineral resource, as well as further metallurgical testing to optimize by-product recovery.

Our view: Phase 2 expansion is an exciting step for AfriTin. Planned output of 9,000 tonnes tin-in-concentrate would place Uis amongst the largest mines globally. This additional tonnage will help to reduce the deficit between demand and production of refined tin, although the market is forecast to remain tight.