 I'm not suggesting for a minute that Elon Musk is involved here but I thought this sentence struck a chord.
"Following rumours of an Elon Musk-led takeover in February, the company is now mulling over “multiple strategic proposals” from global industry leaders in the energy, auto, batteries and lithium refining industries."
That's precisely what I'd expect AV and Andrada will be doing right now "........mulling over “multiple strategic proposals” from global industry leaders......"
The outcome of the strategic revue may be delayed but as long as the outcome ties Andrada into the right partner on the right terms that's all that matters
TDT
hxxps://stockhead.com.au/resources/eye-on-lithium-a-sniff-of-sigma-like-success-has-asx-hard-rock-explorers-moving-to-brazil/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-09-22-2023&utm_content=hxxpsstockheadcomauresourceseyeonlithiumasniffofsigmalikesuccesshasasxhardrockexplorersmovingtobrazil&;utm_medium=email&utm_campaign=Closing%20Bell%20Friday%2022%20Septemer%202023&utm_content=Closing%20Bell%20Friday%2022%20Septemer%202023+CID_752cc514fb2c6047a2840c0c483de7df&utm_source=Campaign%20Monitor&utm_term=Eye%20on%20Lithium%20A%20sniff%20of%20Sigma-like%20success%20has%20ASX%20hard%20rock%20explorers%20moving%20to%20Brazil |
They did this to us yesterday....started off negative.... amazing how the spread can change things....we'll see.
imo |
Only 23% rising today so we are doing well. |
The EU is in the same position as China. They need to secure supplies of lithium from where ever they can to make up for the shortfall in domestic production. The big difference is the EU is addressing this issue several years after the Chinese, in the UK's case even longer than that.
Lithium isn't rare so it's not a case of it being hard to come by its more an issue of scale and the costs to produce. That's where Andrada is sitting pretty, huge resource and negative AISC. Quite unique really.
TDT |
I thought they were trying to disguise the buys.
Amusing. |
Well, let's hope the bureaucrats overpay in that case ;-)
And what happened to RIO's Jadar mine? All seems to have gone quiet on that. |
That UT trade is one that has already been accounted for is my understanding. |
Oh jolly good.
We are blue again. |
Sogoesit
Car manufacturing and exports is the UKs largest non financial industry. Car manufacturing and exports is by far the most valuable industry in Germany. Neither the EU nor the U.K. can afford to let China dominate this market.
TDT |
With EU high costs (labour and energy) can they afford to make anything these days?
Or are the limits to taxation (subsidies) infinite?
Bit of a Catch-22 as they already have to subsidise EVs themselves; seems like a Lose/Lose to me. |
A natural ebb and flow in the share price.
Healthy enough and new investors have the chance to get in lower ,if they have noticed it's formerly steady rise.
IMO |
I imagine we might get a boost when a partner is found.
"The strategic process to identify an appropriate partner to participate in the lithium development is progressing well. Discussions are ongoing with parties that have met the strategic criteria and they are expected to continue beyond 30 September 2023." |
Stockopedia.
The analyst consensus target price for shares in Andrada Mining is 25.25p. That is 241.22% above the last closing price of 7.40p.
Analysts covering Andrada Mining currently have a consensus Earnings Per Share (EPS) forecast of -£0.01 for the next financial year.
Let's hope....sounds good.
I don't know what they base that on and only post for reference.
DYOR |
Everyone's over here |
Robin Mayes
@Robin25461631
Andrada Mining Ltd-Final Results for Initial ML133 Drill Programme #ATM Fabulous set of intersections.This looks like another mine for Andrada. 180 pegmatites. It is a huge resource @Andrada_Mining
#voxmarkets #investing #shares #RNS via @voxmarkets |
Rai massive rns |
Apparently we are covered here.
Haven't had a chance to listen yet. |
Good RNS this morning.
Its worth noting that both Lithium Ridge and Spodumene Hill are shaping up to be separate stand-alone projects in their own right. It may take quite some time before we see a JORC compliant resource statement for either but when one does arrive its likely to be just as good if not better than Uis.
Just as a quick reminder of what we currently have at Uis for anybody not already aware. The current JORC compliant MRE is based on pegmatites V1V2 only and that’s 81Mt at 0.73% lithium Li2O. That has the potential to produce 1.45Mt of LCE. From the PEA we know that there’s another 124Mt of non-JORC compliant resource which just needs infill drilling to prove up to JORC standard.
If we assume an MRE of 205Mt (the PEA total) and assume that it’s at a similar grade, 0.73%, then that results in 3,669,753 tonnes of LCE. LCE is currently trading at 186,500 CNY or $25,579/tonne. Even if the ore grade eventually averages out at less, say 0.5%, you still end up with 2.5Mt of LCE. 2.5Mt at $25,579/tonne is $64B and that's pessimistic.
And all of that is before you factor in the tin, tantalum and rubidium.
Keep in mind AISC for the lithium is negative if treated as a bi-product of the tin.
Too good to be true?
TDT |
Oh jolly good.
"The second and final batch of drill results confirm the potential of Lithium Ridge. They confirm that the 6km of mineralisation at surface continues at depth. As previously stated, these results for the remaining 2km of strike indicate intersections at higher lithium grades than those recorded at Uis and are commensurate with similar hard-rock resources globally. We are encouraged that these results also have tin grades similar to those at Uis which will be investigated for by-product potential.
"Following the production of a saleable lithium concentrate from Lithium Ridge in May 2023, the recently commissioned lithium pilot plant will, when completed, facilitate the determination of an optimal flow sheet as the development advances." |
 Looking into the next decade, the tin industry faces unprecedented opportunities and challenges. It is important for us in the tin sector to understand what lies ahead. To build this picture, the International Tin Association (ITA) has consulted widely across the sector to see what the future may hold and what action we should take to secure the future of tin
Our world is changing fast. With rising geopolitical tensions, climate change urgency and a series of macroeconomic shocks, we expect the next decade will see the emergence of a new divided world, competing for vital resources including tin.
Tin supply chains will need to adapt rapidly to meet these challenges while also working together to manage increased Environmental, Social, and Governance (ESG) expectations and demonstrate how the tin sector is building a better future for everyone.
At the same time, we expect it will become increasingly clear that tin is a vital technology metal. It will glue together all of the electronic and electrical infrastructure needed to digitise the world and reach Net Zero. Therefore, we firmly believe that the demand for tin will surge.
For all these reasons, we foresee that the next decade will see a wakeup to tin with a new wave of government-supported investment to secure sustainably sourced supply.
Continued. |
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