Andrada Mining Share Discussion Threads

[mold breaker] 16/2/2021 15:29

I got laughed at by a few when mentioning this 9 months ago on another BB. Sitting pretty now.

[a2584728] 16/2/2021 14:36

Great company. No skeletons from what I can see and all looks good for the future. Only going one way imho.

[shieldbug] 16/2/2021 14:22

I do wonder whether Afrimet is a company set up to trade Afritin's Tantalum.

The founder of Afrimet is Hadley Natus previously worked for MRI Trading where he had some previous with Afrtin.

I can't see anything nefarious in this state of affairs. Everything on the Afrimet website is the kind of thing you would want to hear.

The Tantalum offtake is for one year. If Hadley sells his shares he has a little less influence on renewing the offtake aggreement.

[shieldbug] 16/2/2021 13:44

This article suggests it was at $63 - $65/lb on Feb 08th up from £52-$58/lb on 1st Jan.

hxxps://www.metalbulletin.com/Article/3974145/Rwanda-lockdown-end-user-demand-push-tantalum-price-to-six-month-high.html

[outlawinvestor] 16/2/2021 12:58

Anyone know the current tantalum price. I reckon it’s well north of $150k a tonne

I reckon you are correct! Asian Metal won't share the price (without subscription) but we can see the trend: hxxp://www.asianmetal.com/TantalumPrices/Tantalum.html

[fullbreakfast] 16/2/2021 12:51

Call me an old tin mug if you will, but I've added a few more today.

I'm trying not to think too much about those other 180 pegmatites or I might get carried away with myself.

[bobbieblock] 16/2/2021 12:46

Hardly any chat on here despite being the only AIM play with a huge producing resource in a red hot metal. Augers well for further price rises.
Anyone know the current tantalum price. I reckon it’s well north of $150k a tonne

[outlawinvestor] 16/2/2021 12:35

I doubt it as that would be the polar opposite of being "a supportive long-term shareholder."

[3ootuk] 16/2/2021 12:29

I wonder if Afrimet will sell into strength as they can then use the money to fund other developments that benefit their company.

[ukgeorge] 16/2/2021 10:20

Thanks Koolio, I'm feeling similar obviously wishing I had bought more :)

Agree MB no reason for people to sell so could easily see a move up to 5-6-7p

Most the broker targets are 10p plus so happy days

[mold breaker] 16/2/2021 09:37

Heading into uncharted waters... could race through the 5s & 6s.

[koolio] 16/2/2021 09:34

Who knows George?
I’m feeling very fortunate to have a decent holding in ATM, the supply/demand for tin at the moment is insane. The demand for tin was up 40% in the last qtr of 2020 as tech needs more tin for circuits and such. The e-car and bike revolution is helping momentum.
Some of the largest production of tin is from Myanmar and the Congo both of which have some problems that may drive the price of tin higher still. It has frequently been quoted as the most illiquid of all the common metals with low stocks in the west.
Happy to hold.

[ukgeorge] 16/2/2021 08:46

How high are we going today :)

[koolio] 15/2/2021 23:56

Cash close $ 28,899 tonne.

[outlawinvestor] 15/2/2021 22:07

LIVE FUTURES REPORT 15/02: LME tin closes above $24,000/t; new 2021 highs for most of complex

Tin’s London Metal Exchange three-month price closed 3% higher on Monday February 15 at $24,385 per tonne, while the rest of the base metals prices continued to capitalize on bullish momentum with new year-to-date highs for all metals except for zinc.

The tin price extended to $24,895 per tonne around midday, rising by some $1,000 in one hour. The short squeezing has resulted in the highest price for the metal’s futures contract since February 2013. Tin’s cash price rose by $5,000, coming to as much $30,501 per tonne on Monday, while its benchmark cash/three-month spread was in a $6,000 per tonne backwardation for some time, before settling at $5,240 per tonne backwardation at 5pm.

[outlawinvestor] 15/2/2021 18:41

Apparently LME tin surpassed $29,000/tonne today...



WisdomTree Tin ETF (TINM) did pop over $46 this afternoon...

[fullbreakfast] 15/2/2021 18:26

Good day at the office for ATM. Vote of confidence from AfriMet and nice to be rid of the debt.

I mean I’m mainly into tin to impress the hot chicks, but I reckon we may make a little money here too.

[raitt] 15/2/2021 18:15

very long informative article in the FT today about the "frenzied buying" of tin, the really low stocks and the lack of a pipeline to replenish. Demand for tin increasing rapidly as used in semi conductors and many other electrical uses. With the problems in Mayanmar - biggest supplier - There looks no short term solution which cannot but help ATM

[ukgeorge] 15/2/2021 16:37

looks like this will be Afritin's highest ever close, no resistance above :)

[ukgeorge] 15/2/2021 16:34

lovely run today :)

[ukgeorge] 15/2/2021 11:47

s://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/ac3bb45a-1221-48ff-8c96-7fe788f3bcf4/AfriTinMiningLimited__Research_update_15_2_2021__FINAL_BG.pdf


add http

[shieldbug] 15/2/2021 10:45

Really good news on the Afrimet loan note and Tantalum off take. I assume now that in early March we will hear that Tantalum separation has made progress.

[3ootuk] 15/2/2021 09:38

And there goes the conversion of Afrimet loan note into shares.

[bobbieblock] 15/2/2021 07:44

Excellent news. Anyone know the current tantalum price and how much they expect to produce this year?

[3ootuk] 15/2/2021 07:20

Afrimet hold the £3.8m loan notes issued in Nov 2019. Longterm view from them shows they believed in a punt on the tin/tantalum production, given that they didn't off take the tin initially.