Andrada Mining Share Discussion Threads

[paddyfool] 12/5/2021 08:55

I think this raise has created a tremendous platform for this business to accelerate over the coming years. Every business can be accelerated by cash and every business can have the management distracted about whether to raise cash or not. So liberating this business from those distractions is a very positive thing. Management can now focus on driving the business forward. I think this time next year the share price will be multiples on from where it is now. We are almost certainly heading into a post Covid boom which will draw on natural resources and drive prices further north, also with the ability to extract other rare deaths from the mine and its outputs, just adds yet more. I partook in the raise substantially for me. I got scaled back but Im happy with what I got. I will be holding this for the forseeable.
I also have a strong belief in the competence of this management team. So....cash in hand and competent management team with a great resource, a strong and increasing demand for its output of which there is a shortage on the planet...it couldn't be better.

[lasata] 12/5/2021 08:48

Think it has been taken well by the market

[3ootuk] 12/5/2021 08:31

To be fair, a lot of my commodity shares are raising funds (easily) to accelerate production on the back of rising sales price.
Dilution is never nice, but this type of fundraising should be cash generative relatively quickly.

[koolio] 12/5/2021 08:27

The placing was not unexpected, there has been a mention of it being needed prior to phase 1 expansion. I’m glad that it’s out of the way and we will hopefully see the share price take the next steps. Just a bit disappointed at my timing for a top up earlier in the week. I would imagine that Hammman associates will produce a new broker note soon which will provide some information on time line.
This management team are motivated bunch from November 2020 until now when they get the new project started is not long to have rested and reflected on past success. Happy to hold.

[mold breaker] 12/5/2021 07:15

Highlights
Placing of 216,666,667 Ordinary Shares at a price of 6 pence per Ordinary Share ("Fundraising Shares") to raise GBP 13 million (before expenses). The price of 6 pence represents a discount of 12.5 per cent to the Closing Price on 11 May 2021.

Anthony Viljoen, CEO of AfriTin Mining Limited, commented:
"We are very pleased to announce today's oversubscribed Placing which puts the Company into a position to expedite the Phase 1 expansion of our flagship Uis Tin Mine in Namibia at a time of unprecedented high tin prices.

We may not fall back to the placing price...

[3ootuk] 11/5/2021 21:20

"... The Phase 1 expansion looks to increase production by 67% and bring lithium and tantalum products on stream..."

Good to see that the bi-products are still in phase 1, and not pushed back.

[3ootuk] 11/5/2021 21:02

Placing prices are often averaged over a period, but some ii might want a bigger discount. A fair few of my holdings are placing in order to speed up expansion as commodity prices increase.

[lasata] 11/5/2021 18:42

Miton Small Cap and Marlborough Nanocap funds maybe keen to top up....

[outlawinvestor] 11/5/2021 17:47

Yes, and if oversubscribed, depending on the extent of interest the placing price could be above 6p. And this time there are no warrants on offer!

It's good they're not dragging things, simply getting on with it after the DFS.

[lasata] 11/5/2021 17:37

Makes sense and should go well

[ukgeorge] 11/5/2021 17:33

Thanks Outlaw not too bad a discount, will be interesting to see how the share price reacts tomorrow, normally drops to the placing price but hopefully given the recent Tin price these new holders will want to hold for a while so might not been as extreme.

[outlawinvestor] 11/5/2021 17:28

Proposed fundraising to raise approximately £10m



Placing price and exact amount of shares to be issued will be confirmed after the bookbuild, but if all £10m is raised and all c.167m shares are issued that works out at 6p per share.

[lasata] 08/5/2021 11:36

FT




"Elsewhere, tin on Thursday rose above $30,000 a tonne for the first time in a decade before easing. Tin is used to make solder — the substance that binds circuit boards and wiring — and is benefiting from strong demand from the electronics industry, which has been lifted by growing numbers of stay-at-home workers."

[outlawinvestor] 06/5/2021 16:49

Wow, July Tin @ ShFE briefly above CNY 200,000 earlier in the day!

[diamond1] 06/5/2021 10:32

Wallet Investor rates ATM as a 'Very good' investment, with a twelve month price of 9.8p.

hxxps://walletinvestor.com/lse-stock-forecast/atm-stock-prediction#:~:text=AfriTin%20Mining%20Limited%20quote%20is,up%20to%20%24326.61%20in%202026.

[outlawinvestor] 05/5/2021 20:43

Yesterday's RNS made the headlines on FastMarkets' Metal Bulletin

hxxps://www.metalbulletin.com/Article/3987854/Base-metals/AfriTin-to-expand-tin-output-amid-global-shortage-record-prices.html

And was covered by the ITA

ITA view: AfriTin‘s plans to expand the Uis tin mine come at a time when tin prices are reaching decade highs. Current LME prices are in excess of US$ 28,000/tonne, which according to AfriTin‘s DFS would increase its NPV by some 40%. This would bring the value of the project to some US$48.4 million, with a payback period of less than one year. Furthermore the DFS only includes tin products; the company intends to production tantalum and lithium oxide in due course.

Overall, the expansion to the Phase 1 operations at Uis will help in “de-risking the expansion of the project into the much larger Phase 2 operation that is intended to be 6 to 10 times bigger than the phase 1 operation”, according to Anthony Viljoen.

hxxps://www.internationaltin.org/afritin-uis-expansion-feasibility/

[a2584728] 05/5/2021 19:13

Breakout. Blue skies 12p in 10 days imho

[mold breaker] 05/5/2021 08:31

7p or above close should set us up nicely for further gains this week.

[ukgeorge] 04/5/2021 11:38

Should be 10p :) great set of figures this morning

[bobbieblock] 04/5/2021 07:23

With an NPV that goes up by 4mil for every 1k increase in spot tin.
At 32k the NPV is 65mil, the IRR is 81%.
Remember the 16k per tonne includes all the associated costs involved in running the co.
At current spot profit is 10mil before byproducts.
Lithium is set to rocket with all these EV’s

[3ootuk] 04/5/2021 07:18

Very short payback in current climate too. Doubling down on tin, but still waiting for byproduct news.

[mold breaker] 04/5/2021 07:06

RNS out
Highlights:

-- DFS confirms the feasibility of expanding the current Phase 1 processing plant, resulting in a 67% increase in tin concentrate production from 720 tonnes per annum to 1,200 tonnes per annum, based on:

[fillipe] 03/5/2021 15:43

I keep a weekly metals price check and up to 30-4-2021 I have the week's TIN price increase at 16.19%, with a closing price of 32193 US$/Tonne.
There was also strong rises for Nickel and Copper.

All quite a bit amazing!
Must be looking very positive for our ATM.

f

[koolio] 03/5/2021 09:58

Cash sale price per ton is currently over $12,000 (60%) above company assumption for 2021. As we move further into full scale production our costs are also forecast to fall significantly(13,000 to 8,800)
Can’t wait for a positive announcement on the byproducts or the production or the additional drilling. Share price could quite easily double on a decent RNS.