Andrada Mining Share Discussion Threads

[diamond1] 12/3/2021 12:14

Montyville2,

I don't know if you're missing something, I'm just relating what Dominic Frisby said in the Moneyweek article.

My reason for investing is more the 'Tin Story' than the company itself. Tin is looking to be in demand and there are very few ways to invest, other than the miners.

[montyville2] 12/3/2021 12:06

Diamond - welcome aboard - I think this is undervalued and the potential to multibag possibly tem times - but not sure I agree with the comment 'or lose the lot'. The company has been very circumspect to date moving from development to production on thier own. They are sitting on a large resource with sought after minerals and in Africa terms a relatively stable country, therefore I struggle to see what the potential scenario would be to 'lose the lot'.

Am I missing something?

[lasata] 12/3/2021 11:48

UKG....thank you.

Has anyone put a slide rule over ATM's valuation....just looks very cheap to my eye.

[lasata] 12/3/2021 10:56

Tin price steady today.......

How many shares in issue?

[ukgeorge] 12/3/2021 10:48

welcome aboard, the tin market is in a great place and afritin have a good asset in a good location that can be expanded, the management are alligned with the shareholders and doing a good job.

[diamond1] 12/3/2021 10:46

Just bought a few of these having read about them in Moneyweek just over a week ago.

Done a little bit of research since then of course. Interesting.

The writer said I could get ten times my money or lose the lot. Could be an interesting ride.

Must admit, I like the ticker symbol.

[koolio] 12/3/2021 09:31

Good spot, yeah they clearly got that wrong. It should be Tantalum off take with Afrimet. I posted it because of the phase 2 ramp up date mentioned which I believe will be more accurate than expecting it in the current financial year. I keep in mind that they only started producing concentrate in December 2019 so 15 or 16 months to get to this stage is Impressive. It looks like there is a lot more potentially good news to come in the coming days and weeks and if Tin keeps going should be happy days and a nice re-rate.

[raitt] 12/3/2021 09:09

Koolio - where did tungsten come into it?

[a2584728] 12/3/2021 08:26

One morning soon these will be double and away we go.

[bobbieblock] 12/3/2021 07:56

That’s a good sign. Remember the shoeshine boy rule. Means there’s still plenty of buyers to come in.

[koolio] 12/3/2021 07:34

Spot price of tin up 11.9% to $30,995 yesterday. I’m amazed that this type of movements are not getting more attention in the mainstream and financial press.

[lasata] 11/3/2021 15:40

Wali...that would be impressive

[wali19] 11/3/2021 14:16

Stage 2 development has already begun and on fast track. I can only assume it will finish in the next few months. Then Stage 3 and 4.I have not seen any firm timeline for the completion of Stages but it seems from the broker note that the Company will acheive the 1,000 T level of production in this financial year.

[lasata] 11/3/2021 13:30

Tin price on upward trajectory today......

[bobbieblock] 11/3/2021 13:15

Wali - I meant the timeline. End of 2022 for stage 2 or stage 4?

[wali19] 11/3/2021 12:45

Bobbie, the Tin recovery will increase to 70% in stage 3 and Tin feed grade will improve in stage 4 which will increase the Tin production hopefully to 1,000 T p.a. Again, look at the Slide 21 in the presenataion for details.

[bobbieblock] 11/3/2021 11:38

Links to the last broker notes?
Also where is the 1000 tonnes per annum from. Through out of 120TPH is 60 per month - c.750 tonne a year (allowing for above nameplate).

[wali19] 11/3/2021 11:33

The Company is in developmeny Stage 1 at the moment. Soon the stage 2 will be completed which will see an increased production of 750 T p.a. After completion of stage 4, the production is expected to reach 1,000 T, hopefully in late 2021.See slide 21 of the latest investor presentation.

[allonblack] 11/3/2021 11:29

Looks like this has got the funding to expand and next stop 15 imo. Well done all

[lasata] 11/3/2021 11:18

Wali19

Thank you

When will they reach 1000T?

[wali19] 11/3/2021 11:03

Lasata, just look at the last two broker notes and the lastest investor presentation. Soon the Tin production ramp up to 1,000 Tonnes so no need to run the numbers based on 500 T.

[lasata] 11/3/2021 10:14

I would value someone who is more expert than me running the figures through on ATM please?