Andrada Mining Share Discussion Threads

[on target] 30/9/2022 12:49

You can top-up at 10% less than the placing price now.

[raitt] 22/9/2022 13:45

Pity us PI's did not get a chance to share in placing and avoid the dilution

[3ootuk] 21/9/2022 13:47

I think the tin income will underpin the operation. Yes, they made money when tin was high which is a bonus, but, right now, it's just about paying the way.
I'm not sure how much tantalum they will actually recover for the effort put in.
The lithium circuit should be based on well proven separation technology, and that's where we will get the big profit from as the tin pays all the running costs.

[ukgeorge] 21/9/2022 12:10

Longer-term tin is meant to have a good outlook. Not sure short term. There isn't much independent research on the outlook.

[mjneish] 19/9/2022 14:17

Is weakness in the price of tin expected to last?

[lasata] 16/9/2022 14:37

A positive day in view of the placing...........

[lasata] 16/9/2022 12:56

I see the hand of our relatively new highly skilful mining Non Exec in this fund raise...Michael Rawlinson....bodes well indeed!

[arlington chetwynd talbott] 16/9/2022 12:26

Certainly better than your average fundraise, bodes well.

[lasata] 16/9/2022 11:52

STRONG DEMAND!

"Following strong demand in the bookbuild, the total gross proceeds from the Placing has increased from US$7.5 million to US$12.8 million (GBP11.1 million) resulting in aggregate gross proceeds from the Fundraising of US$22.8 million. The incremental Placing proceeds will be used to further expand the Uis resource drilling programme, Brandberg West development and for general corporate purposes."

[lasata] 16/9/2022 10:46

Think the market likes this fund raise technically...see how we close today...

[ukgeorge] 16/9/2022 09:29

Surely a good time to be buying

[arlington chetwynd talbott] 16/9/2022 08:39

Better news than the average fundraise, as I said, but a stretch to call it great - market reaction not unreasonable. But if everything goes south in the near future it might end up looking well timed. Patience will be rewarded here, I think.

[3ootuk] 16/9/2022 04:17

Great news that they may get fully funded, and it's loans/royalties mainly rather than diluting existing shareholders out of existence.

The tantalum circuit must be just about sorted by Q4 too if there's due diligence on the financing.

[arlington chetwynd talbott] 15/9/2022 22:12

Just me then.

[arlington chetwynd talbott] 15/9/2022 16:57

Interesting, looks like better news than the average fundraise RNS.

[lasata] 14/9/2022 09:20

ATM presenting today down under........

Looking forward to presenting at this year's Lithium, Battery and Energy Metals Conference hosted by
@TheAusIMM
and
@MurdochUni
. The presentation will focus on the petalite mineralization and market considerations for our Uis project.

[ukgeorge] 07/9/2022 12:01

TBH, if a bid came in I wouldn't be complaining. Hopefully sentiment turns around soon.

[a2584728] 06/9/2022 11:43

This could be taken out if the price remains down here

[lasata] 01/9/2022 12:59

"To produce 20m vehicles Tesla alone needs more than the total volume of lithium and natural graphite produced last year, almost a third of the magnet rare earths, 36% of the cobalt, and so on."

[lasata] 01/9/2022 12:57

"....astonishing 8-fold rise in the price of lithium over the period, which in July averaged more than $60,000 per tonne. In July, lithium made up 46% of the total cost while in September 2020 it was only 11.6%. The persistent high price of lithium is also playing havoc with the economics of LFP batteries – which most EV-makers want for entry-level runabouts."

[3ootuk] 31/8/2022 07:40

They had a good year with high tin prices. Be interesting to see what the production costs are with the expansion as margins will be tight right now.
Lithium will transform it.

[a2584728] 31/8/2022 06:44

Stonking turn around not yet reflected in share price

[arlington chetwynd talbott] 31/8/2022 06:44

Sounds good. Is there anybody out there?

[a2584728] 24/8/2022 09:46

This should be breaking out of this range. Business in good shape ?