Andrada Mining Share Discussion Threads

[sleveen] 13/8/2020 08:39

Bought 70k shares on the strength of the TR1 ; another few months may see 60t/m produced equivalent to around $1m per month revenue.

Hopefully at a minimum of a 20% margin generating around $200k/month cash.


EDIT looks like the above numbers are over generous.

[outlawinvestor] 07/8/2020 06:34

New proactive interview with AV:

[outlawinvestor] 06/8/2020 07:06

At best AV was naive with his comments. With almost $6m debt issued over the last 10 months it is reasonable that any new funding would be in equity.

£3.8m of convertible loans were issued last Nov at 4p conversion price - 95m shares if converted.

May's £2.05m loan notes may be redeemed by way of shares if ATM chooses, and the subscribers were issued 20.5m warrants @ 1.95p. The warrants will almost certainly be exercised.

I think this is just something to be aware of rather than be incensed by. The only thing that really matters as stated above is progress with the development of the plant - at the completion of Phase 1 Stage II the economics are mouthwatering!

[weyweyumfozo] 05/8/2020 14:38

I'm moving to what is a busier BB with better charts:

[shieldbug] 05/8/2020 14:35

After AV's comments about dilution being a bad word it is disappointing to see - dilution. Honestly though I am not surprised.

Similarly the timescales that were discussed last summer turn out to be optimistic. Again, I am not surprised.

However, the work they are doing is the single most important thing they can do to make this mine viable. The strategy is - build a small process unit, fine tune it, add bolt-ons for Tantalum and Lithium, then build a bigger version of this.

The key thing is that the strategy is intact and progressing, even if time and finance have missed targets.

[pugugly] 05/8/2020 14:30

TPI valuation however based on financial modelling so ususal cautions apply. DYOR etc

[weyweyumfozo] 05/8/2020 14:03

Turner Pope Marketing Communication:

"Valuation: DCF-derived value of £74.3m or 9.5p/share attributable"



I've just realised that this new BB has been started - nice charts.

[weyweyumfozo] 05/8/2020 14:00

Turner Pope Marketing Communication:

"Valuation: DCF-derived value of £74.3m or 9.5p/share attributable"

[weyweyumfozo] 05/8/2020 10:37

"AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, is pleased to provide an operational update.

Highlights:

▪ Monthly production of tin concentrate for July 2020 increased to 35 tonnes, representing a month-on-month increase of 79%;

▪ Sixth shipment of tin concentrate dispatched on 3 August 2020;

▪ Tin concentrate assays averaged 65% contained tin, resulting in 93% payability;

▪ Debottlenecking of fines dewatering circuit nearing completion; and

▪ Offtake agreement with Thailand Smelting and Refining Corporation ("Thaisarco") renewed for a further 12 months."



I was a bit disappointed regarding the placing, as for some reason I thought that they would borrow any cash that they needed. In hindsight, Anthony Viljeon did look slightly less composed under questioning in his recent CRUX Investor interview. I suppose this good update was released after the placing so that some of the fundraising participants can make a quick buck. Dealings in the Fundraising Shares issued are expected to commence on 10 August 2020.

Anyway, it's done and we can now make some progress.

[a2584728] 05/8/2020 07:29

That's a timely bullish update following the successful placing. May see some of the team take out their fees through the rise ?

[paddyfool] 03/8/2020 18:52

Great news, now properly funded.

[outlawinvestor] 31/7/2020 20:37

[Industry news | FYI]

AVZ Minerals advances plans to develop Manono Lithium and Tin Project in Democratic Republic of Congo


Alphamin Provides Operational Updates on its Bisie Tin Mine in Congo

[32campomar] 31/7/2020 09:32

Nice recovery. About time too with tin prices at 52week highs. Dirt cheap.

[32campomar] 29/7/2020 20:53

For those who can't see it, the target is 14.4p

[32campomar] 29/7/2020 20:52

Unfortunately not but that's quite a share price target compared with current levels, clearly big upside potential.

[outlawinvestor] 29/7/2020 19:04

Has anyone read the paid-for July 7th research note from Hannam Partners? I haven't yet as it requires registration.

[outlawinvestor] 29/7/2020 13:02

Apparently...

Tin dramatically speeds up lithium ions in battery anodes

[32campomar] 29/7/2020 09:29

Share price at last waking up to rising tin prices, in line with the general metals market. Would seem ATM is the only stock in this sector that has been overlooked hopefully that's beginning to change.

[outlawinvestor] 28/7/2020 13:33

Interesting - I wasn't aware of that. It seems though AfriTin wasn't the seller / isn't the owner.

[shieldbug] 28/7/2020 13:06

In early 2018 (near lithium price highs) Montero entered into an agreement to acquire 95% interest in the old UIS tin/lithium tailings dump.

However a recent document states "Montero has not made the property option payment of US$275,000 due on October 15, 2019 to keep the existing agreement in good standing and is in default of the agreement." It looks as though they have instead submitted an amended agreement with terms more favourable to Monero.

One wonders if Afritin will one day be processing lithium and possibly Tantalum from the old UIS tailings dump.

[32campomar] 28/7/2020 12:38

Here's the link to the quote on tin margins at 20% at $15000 https://www.proactiveinvestors.co.uk/companies/amp/news/922737

[32campomar] 28/7/2020 12:37

From proactive investor article last month "We're making huge strides in terms of the optimisation of the plant," says Viljoen."We're expecting a 20% margin, and that's just on the tin, with the tin price at around US$15,000. Add in the tantalum and the margin goes up quite substantially. Our C1 costs are running at around US$13,800 per tonne, but the bigger we make the throughput the more lucrative this operation will become."

[shieldbug] 28/7/2020 12:27

Not sure where the 20% margin at $15,000/t comes from. The cash cost for Stage 1 is given as $13,900 which would be about 7%. At the current price of $18,000/t the margin would be about 22%.

[32campomar] 28/7/2020 09:30

Anyway nice to see I'm not here talking to myself! Metals in general look to be the place to be right now, even if this is unglamorous, so could be an excellent price to pick these up.

[32campomar] 28/7/2020 09:27

At $15000 a tonne they are on a 20% margin, so not sure I share your view that price is not that important on its own. It's now at $18000 a tonne and this is historically still cheap.