Some great information in that RNS . New broker note also today . |
In an interview here given a month ago
the CEO says the following (starting around 11:20):
"For us it's very important to make sure that we have our funding partnerships lined up at an early stage. We don't want to rely on equity, and we don't rely on equity any more." |
"...the Directors are already at an advanced stage of securing additional funding for the next 12 months. However, this is yet to be finalised as at the date of approval of the financial statements..."
More dilution plus current finance costs for this quarter were £2m.
Professional fees of almost £1m and high travel expenses. |
It's making technical and operational progress but its balance sheet is horrible. At this point I'd back SQM to take it over at a knockdown price in a year or two. Without reaching positive cashflow, it's doomed IMO. |
These results explain recent weakness but should not extend it. |
Solid-state batteries are made of the following parts:
Anode: The negative pole, usually made of lithium metal
Cathode: The positive pole, usually made of lithium metal oxides like LiCoO2, LiNiMnCoO2, or LiFePO4
Solid electrolyte: A solid medium that separates the anode and cathode and allows lithium ions to move between them |
This drop just doesn't seem normal. Any ideas? |
Yet the share price keeps falling ... |
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. |
I despair. Please learn to read a balance sheet. |
This is a major in the making . |
Tin and tungsten are both doing well so these should start turning a profit just on those. |
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. |
Good job your not invested then |
"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. |
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 |
$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. |
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... |
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 |
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. |
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? |
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