Andrada Mining Share Discussion Threads

[mjneish] 18/11/2024 14:15

This drop just doesn't seem normal. Any ideas?

[mjneish] 14/11/2024 11:22

Yet the share price keeps falling ...

[coxypete] 07/11/2024 16:23

Good liquidity here from Bank lines and cash held at year end. Mid term issue is turning cash flow positive, which we are edging toward. Capex spent to realise this over past 18 months on Uis tin processing plant, ore sorters, ultimately needs a return but confident we will get there, tin price still holding well to set platform and hedged for decent amount at $33 for certainty.

[paulscb] 06/11/2024 22:20

I despair. Please learn to read a balance sheet.

[richyf3] 28/10/2024 15:21

This is a major in the making .

[ukgeorge] 18/10/2024 08:47

Tin and tungsten are both doing well so these should start turning a profit just on those.

[3ootuk] 16/10/2024 10:01

Their costs are too high.
You would have hoped that as they increased production then their costs would fall pro rata. Their aisc is too high and the admin costs are swallowing all the money.
I was invested.
I did say how great they were getting everything running and regenerating the area.
The sad fact is that the mines around here closed years ago as they weren't economic, and the same applies now.
We need to see what projections on the lithium stream have on overall profit after ALL costs.

[allabouttiming] 16/10/2024 09:20

Good job your not invested then

[paulscb] 14/10/2024 23:48

"Andrada Mining's game-changing lithium deal with SQM"LOL. It will take 4 to 5 years. ATM will be bust well before this comes to fruition.

[mjneish] 03/10/2024 18:18

This is from the International Tin Association. You can subscribe for free for regular updates.

The LME 3-month tin contract closed at $33,893 on Wednesday, continuing its climb seen through the past month. Indonesian exports have picked up in September, however some major producers have now reached their export quotas, necessitating a renegotiation before exports can resume. Myanmar's Wa region remains quiet with no substantiated evidence of progress towards a mining restart at Man Maw, while export volumes continue to decline as concentrate inventories deplete and China's feedstock squeeze tightens. Sentiment among tin consumers is positive, with market participants anticipating an overall demand recovery in 2024.

Freddie Mitchell - Market Analyst

[3ootuk] 09/9/2024 09:36

$20m for the exploration and DFS.
No mention of when plant will start construction, though long lead items should be ordered fairly early on.
No hint as to how much a processing plant could cost and throughput envisaged.
It's a long way away.
Putting Lithium Ridge into a separate company splits it away from ATM losses.

Overall a good deal as they pay for everything up to building a plant.

[contango1973] 09/9/2024 09:35

Great deal!! just wait lithium & tin get momentum, this could fly,,,ridiculous market cap (60M)..in a few years ATM should be worth billions. Was lucky on this one, wanted to sell but was to lazy...

[3ootuk] 09/9/2024 08:57

It's a good deal. They get a big injection of capital for only half the asset.
It's just what happens to the tin side and how it all pans out as admin costs are killing the main company

[kaos3] 09/9/2024 06:59

is deal unfair in your opinion 3ootuk

it seem reasonable to me.

if atm is loosing money on the other activities, what has that to do with the jv partner on their framed jv.

[3ootuk] 09/9/2024 06:39

I will eat my hat.
Separate entity so still a problem with the main company burning cash and needing funds within a year.
A good couple of years before real production of lithium?

[kaos3] 09/9/2024 06:35

rns news - seems ok

[paulscb] 05/9/2024 10:03

2p getting closer.

[3ootuk] 30/8/2024 15:04

No deramping needed given the account and funds needing to be raised again.

"...Based on the forecasts, additional funding will be required within the next 12 months for the purpose of envisaged capital and exploration projects without a strategic partner. As the Group is also entering a new market with reference to lithium sales, which are close to near-term production, the cash flow forecast has assumed the successful completion of the lithium pilot plant and the tantalum circuit in order to deliver the business strategy. The need for further funding would be required for additional exploration and capital projects as well as studies related to the feasibility of the future growth phases. The Group believes it has several options available to it, including but not limited to, use of the overdraft facility, restructuring of the debt, additional debt or equity, cost reduction strategies as well as potential offtake arrangements. The Directors are already at an advanced stage of securing additional funding through the bank mentioned above as well as other finance for the next 12 months. However, this is yet to be finalised as at the date of approval of the financial statements. Thus, the Group is reliant on additional funding which is not guaranteed. This indicates the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern and, therefore, the Group may be unable to realise its assets and discharge its liabilities in the ordinary course of business.

As a result of their review, and despite the aforementioned material uncertainty, the Directors have confidence in the Group's forecasts and that additional funding will be forthcoming. Accordingly, the Directors continue to adopt the going concern basis in preparing the consolidated financial statements.

The financial statements do not include any adjustments that would result if the Group were unable to continue as a going concern..."

[richyf3] 30/8/2024 10:43

Great news today . Some need to brush up on the skills of de-ramping

[paulscb] 30/8/2024 08:33

Total comprehensive loss for the year (11 920 926)2p coming