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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Andrada Mining Limited | LSE:ATM | London | Ordinary Share | GG00BD95V148 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.10 | 2.02% | 5.05 | 1,621,640 | 08:05:59 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 4.90 | 5.20 | 5.05 | 4.95 | 4.95 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ferroalloy Ores, Ex Vanadium | 9.88M | -8.1M | -0.0051 | -9.90 | 79.82M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:31:59 | O | 50,000 | 5.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 27/3/2024 | 18:47 | ALNC |  TRADING UPDATES: Empire Metals targets key milestones in Australia |
| 27/3/2024 | 09:38 | UK RNS | Andrada Mining Limited Operational update - replacement |
| 27/3/2024 | 07:00 | UK RNS | Andrada Mining Limited Operational update for the period ended 29/02/24 |
| 19/3/2024 | 18:41 | ALNC | EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic |
| 19/3/2024 | 07:36 | UK RNS | Andrada Mining Limited Funding Agreement |
| 12/3/2024 | 15:32 | ALNC | IN BRIEF: Andrada shares down as company optimises Uis operations |
| 12/3/2024 | 07:00 | UK RNS | Andrada Mining Limited Production and Strategic Process Update |
| 22/12/2023 | 20:45 | ALNC | EARNINGS AND TRADING: Plexus sees good momentum; Gfinity loss widens |
| 22/12/2023 | 07:00 | UKREG | Andrada Mining Limited Q3 Ops Update for the period ended 30 Nov 2023 |
| 05/12/2023 | 14:21 | ALNC | IN BRIEF: Andrada sees high-grade lithium spodumene at Lithium Ridge |
Andrada Mining (ATM) Share Charts1 Year Andrada Mining Chart |
|
1 Month Andrada Mining Chart |
Intraday Andrada Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 01:28 | Andrada Mining - Globally Significant Lithium Resource | 846 |
| 26/10/2023 | 11:42 | AfriTin Mining (stock thread with charts) | 1,141 |
| 18/8/2021 | 17:22 | Capex to 1000mtv | - |
| 12/11/2020 | 12:20 | Afritin Mining. | 47 |
| 25/6/2020 | 17:19 | Moneybox the Number 1 ATM outfit | 524 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:32:00 | 5.00 | 50,000 | 2,500.00 | O |
| 15:09:46 | 5.20 | 197 | 10.24 | O |
| 15:09:46 | 4.90 | 5,000 | 245.00 | O |
| 15:09:46 | 5.20 | 19 | 0.99 | O |
| 15:09:38 | 4.91 | 102,954 | 5,055.04 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Andrada Mining Daily Update Andrada Mining Limited is listed in the Ferroalloy Ores, Ex Vanadium sector of the London Stock Exchange with ticker ATM. The last closing price for Andrada Mining was 4.95p.Andrada Mining currently has 1,580,609,067 shares in issue. The market capitalisation of Andrada Mining is £79,820,758. Andrada Mining has a price to earnings ratio (PE ratio) of -9.90. This morning ATM shares opened at 4.95p |
Posted at 23/4/2024 08:33 by purple11 ATM 5.10 to sell nowi happilly sold at 5.47 double extention fail ATM WATCHLIST ADD |
Posted at 17/4/2024 09:04 by nicosevos C&P XVIKING BORG 📊@Borg74 12h #ATM 4.80 want to know how I anticipated price would pullback........ those that know the dotted deuce can plot it and see.... ;-) |
Posted at 09/4/2024 10:57 by purple11 Just far too cheapToday 10:27At current Tin price ATM are throwing off $9m ebitda per year and that's just the tin!! Nearly all the additional Lithium and Tantalum revenues will be added to the bottom line given their costs are largely carried within the tin production. Cash cow. Added to that ATM sitting on one of the largest (if not the largest) Lithium/Tin resources globally... Will need to re rate at some point |
Posted at 08/4/2024 19:15 by richyf3 Indonesia has since the mid 1980's been the World's largest supplier of mined #tin peaking at 145,000 tpa and doing 78,000t in 2023. A massive fraud investigation is underway, looking at an estimated $13bn pilfered form state owned mining company PT Timah. No #tin has been exported from Indonesia in 2024 and export quotas look set to be limited to only 44,000 tpa. The DRC produces an estimated 20,000 tpa of #tin 12,000t from Bisie and 8,000 top of artisanal production. Bisie is imminently set to go to 20,000 tpa from the opening of Mpama South. However an insurgency by M23 rebels to the West of Goma has displaced 1M Congolese with the rebels now controlling the main supply route to Bisie. The effect on #tin supply is unclear. #Tin is consumed in tens of billions of end use consumer items in minute quantities as a coating in a tin can, on a printed circuit board, as a stabiliser in every piece of PVC. #Tin's price inelasticity of demand is extremely high. E.g. an iPhone contains today about US$0.04 of tin. There is no tin price where iPhone sales are affected. New demand for #tin is coming from solar approximately 70t is consumed per GW of installed capacity. This accounted for 28,000t in 2023, or about 7% of total demand. During Covid demand for consumer electronics went parabolic, with the World running out of some chips and products. This drove the #tin price to $50,000 per t. Post Covid we saw a big drop in #tin demand and destock as consumers had got considerably ahead of average replacement times. From a demand perspective it looks increasingly like a destocked supply chain is seeing resurgent demand. Supply is under threat like never before. Supply chains are destocked. There are almost no new projects. Demand is highly inelastic. I expect to see a peak on this #tin bull market above $100,000 before the end of 2025. |
Posted at 07/3/2024 06:56 by burtond1 Has the lithium price rout ended? Is lithium set to recover? four small caps to watch With the possibility of higher prices on the horizon, then, what small caps might be positioned to take advantage? #ATM #ATN #BHL #GMEThttps://total-m |
Posted at 20/1/2024 00:02 by nesty1760 The Lithium here is a free hit, what pi's have to get their head around with ATM, that Lithium is the bonus product, it is not the main core product.The tin that they are producing and other products they have in the pipeline, should underpin a certain share price I do think many pi's who looking at ATM by pass it, as they are getting too sidetracked on what the Lithium price / game is currently. |
Posted at 23/10/2023 22:49 by cottoner Extracts"And whether or not electric vehicles are ultimately powered from burning coal or harnessing solar and wind, they'll all still need lithium. China already has more electric vehicles than anywhere else, and a combination of subsidy, soft coercion, price competition, and genuine consumer satisfaction look set to keep the market there buoyant. So don't count lithium out quite yet. In fact, the current low prices could well represent the last major opportunity to buy on the dip before the permanent re-rating that will arrive when petrol vehicles are phased out for good." "In the USA, Bradda Head (2.5p) has a swathe of projects, in Europe, European Metals Holdings (33.5p) is well positioned in Central Europe, while Savannah Resources (3.4p) has a major project out west in Portugal. And in Africa, Kodal Minerals (0.45p) , Atlantic Lithium (24.8p), and Andrada Mining (5.8p) all have sizeable assets. What's more, many of these companies are either in, or close to, production, meaning that much of the risk that's traditionally associated with earlier stage mining companies has now been priced out. So, they have much to recommend them, both individually, and as a group. First off, they've all suffered downward pressure on their share prices because of the weaker lithium price. And that pressure won't be around forever. Second – although it may look bad in lithium mining at the moment, it's a lot worse in other parts of the mining sector." |
Posted at 06/9/2023 19:07 by jelignite Hannam note just out 358% increaseAndrada Mining ("ATM") has released assay results for the first batch of Reverse Circulation ("RC") exploration drilling results undertaken at the ATNN01 ATNN14 pegmatites, within licence ML133, also known as the Lithium Ridge Project. Situated ~35km SE of ATM's flagship Uis Mine, an exploration drilling programme comprised of 24 RC drill holes was implemented to investigate the continuation of selected outcropping lithium-enriched pegmatites at depth. The programme yields ~800 chemical analysis samples with the results of the first 14 holes, comprising ~400 samples reported in the recent announcement. The programme was designed to investigate the subsurface morphology and metal endowment of pegmatites containing elevated lithium values at the surface. Results confirm lithium mineralisation along the 4km strike distance covered and indicate intersections at higher lithium grades compared to those at Uis (~0.72%) with a weighted average grade of ~1.06% Li2O. Weighted average tantalum grades of ~79ppm were in line with Uis' ~86ppm. The company's offsite metallurgical programme has shown the ability to produce a saleable petalite concentrate from Lithium Ridge. Together with the ongoing commissioning of the lithium pilot plant at Uis, balance sheet de-risking post recent convertible note and bank loan financings, and a strategic process still to be concluded to select a funding partner to participate in the acceleration of the Company's lithium development, we believe the 78% discount to our GBp 33/sh target price should continue to close. More evidence of potential for Lithium Ridge to supplement Uis petalite output Out of the 14 holes covered in the announcement, highlights include ATNN 08, which intersected 14m at 1.80% Li2O, 0.08% Sn and 70 ppm Ta from a depth of 8m, including an 11m subinterval at 2.13% Li2O, and hole ATNN 02 which intersected 27 m at 1.24% Li2O, 0.14% Sn and 116 ppm Ta from a depth of 31m to 58m. License ML133 is situated along the D1903 road linking to the B2 highway and sits within 'truckable' distance from existing processing facilities at Uis, where a pilot lithium circuit has been constructed. The company expects the remaining 10 drilling holes to show similar results in line with the channel samples over the remaining 2km mineralised strike distance. With successful results achieved through the programme, it is probable that ATM will undertake further drilling initiatives aiming to establish a JORC-compliant resource within this area of the licence in future. Lithium pilot plant commissioning being "finalised" As detailed in our June 12th upgrade note, ATM produced the first saleable bulk lithium concentrate from the off-site pilot test, processing material from Lithium Ridge using dense medium separation ("DMS"). This petalite concentrate is being tested for conversion to lithium carbonate and lithium hydroxide. Additional beneficiation steps available to ATM include froth flotation and sensor-based ore sorting, which could unlock process efficiencies. Following completion of construction in July, we note commissioning of the onsite lithium pilot plant at Uis is currently "being finalised", which could generate first revenue from lithium as early as this year. (H&Pe ~US$6.2m petalite sales vs US$5m-20m guidance for FY ending Feb'24). The new pilot plant could also be used to run batches of ore from Lithium Ridge, accelerating the metallurgical test programme. Valuation: Mar'24E GBp33/sh TP implies 358% upside We believe the market continues to underappreciate the long-term potential of Uis, especially compared to lithium peers and given its near-term profitability with £12m EBITDA in FY Feb'24E (H&Pe). Based on a US$1,200/t petalite price assumption we derive a DCF-based, diluted, risked valuation for ATM of GBp33/sh, 358% above the current price. ATM has materially de-risked the full optimisation of the "Phase 1" operation at Uis through recent financings, including a £7.7m convertible note issued in July, £5.35m bank loan from DBN concluded on Sep 5th, and a US$25m equity, convertible and royalty package from Orion Resource Partners which is expected to be finalised by the end of September. Despite ATM's improved balance sheet position, we maintain our target P/NPV multiples of 1.0x on the current "Phase 1A", 0.6x on the "Phase 1B" optimisation including the addition of a commercial lithium operation, and 0.5x on the potential "Phase 2" expansion. |
Posted at 07/7/2023 16:18 by jelignite Andrada Mining ("ATM") has released results from the first drill programme on the B1 and C1 pegmatites, within licence ML129, also known as the Spodumene Hill Project. Sitting ~15km SW of ATM's flagship Uis Project, Spodumene Hill is thought to be mineralogically similar and could provide a satellite ore source for the current Phase 1 tin-tantalum circuits and potential future commercial lithium plant. With surface sampling in 2022 having shown the presence of spodumene mineralisation which sells at a premium to the petalite present at Uis the 2023 exploration programme was designed to upgrade historical resources of tantalum and tin, whilst proving continuity at depth and establishing average grades of lithium. The results confirmed depth potential and highlighted zones of very attractive lithium grades (>2% Li2O in places). While the programme provides a relatively small sample of preliminary, shallow holes, ATM sees scope for ore sorting to provide a high grade pre-concentrate for a future lithium processing plant. Meanwhile, tantalum grades were up to 2,742ppm and averaged ~280ppm, more than 3x the grade at Uis. ATM has initiated a metallurgical programme to define an optimal flowsheet for lithium, tantalum and tin from Spodumene Hill. The imminent completion of a lithium pilot plant at Uis could assist in this process and, along with ATM's ongoing strategic funding process, is a key upcoming catalyst to close the 79% discount to our GBp 35/sh target price. Initial glimpse into the potential of Spodumene Hill Project ATM completed 1,159 m of diamond drilling over seventeen drill holes on B1/C1, with all holes intersecting mineralised pegmatites. Highlights include hole B1_01 which intersected 14.52 m at 1.38% Li2O, 285 ppm Ta and 0.131% Sn from a depth of 15.48 m, including a 5m subinterval at 2.32% Li2O, and hole C1_04, which intersected 11.06 m at 0.81% Li2O, 1101 ppm Ta and 0.033% Sn from a depth of 13.59 m to 24.65 m. In addition to the visible lithium content, the intersections highlight the tantalum potential of the area, with the highest grade returned reaching over 2,700ppm. We note licence ML129 sits within 'truckable' distance from existing processing facilities at Uis, including a recently constructed tantalum recovery circuit, suggesting potential upside by blending higher-grade tantalum feeds. Following positive pegmatite intersections, the company will concentrate on defining the extent of these zones both laterally and with depth, as well as launching a metallurgical programme to explore the optimal beneficiation process, which we believe is likely to involve ore-sorting to produce a higher lithium grade pre-concentrate. Lithium test programme on track As detailed in our previous note, ATM announced it has produced the first saleable bulk lithium concentrate from the off-site pilot test, using dense medium separation ("DMS"). The encouraging petalite concentrate is being tested for conversion to lithium carbonate and lithium hydroxide, alongside provisional completion of an offtake agreement, targeted for Q3 CY'23. Additional beneficiation technologies available to ATM include froth flotation and sensorbased ore sorting, which could unlock process efficiencies. Construction of the onsite pilot plant is expected to complete imminently, with commissioning anticipated in the coming weeks; as such, we believe Uis could generate early revenue from lithium, later this year. (H&Pe ~US$6.2m petalite sales vs US$5m20m guidance for FY24E). The new pilot plant could also be used to test run batches of ore from Spodumene Hill, accelerating the metallurgical programme initiated post these drilling results. Valuation: Mar'24E GBp35/sh TP implies 373% upside We believe the market continues to underappreciate the long-term potential of Uis, especially in comparison to lithium peers and given its near-term profitability with £12m EBITDA in FY Feb'24E (H&Pe). Based on a US$1,200/t petalite price assumption we derive a DCF-based, risked valuation for ATM of 35 GBp per share, implying 373% upside. |
Posted at 12/6/2023 10:08 by dunns_river_falls New broker note from H&PAndrada Mining’s (“ATM”) transformation from junior tin producer to districtscale lithium developer in Namibia has yet to be fully appreciated by the market, in our view. ATM is set to become the first UK-listed producer of lithium upon commissioning of its pilot facility at Uis over the coming weeks, having confirmed a significant M&I Resource in February and a first petalite bulk sample in May. We believe the strategic process to select a funding partner for Uis following unsolicited interest from multiple parties could lead to considerably larger share price gains than the 13% rally in ATM since it was announced. We note, for example, Kodal Minerals’ shares have risen more than three-fold through its process, while precedent transactions and peer-group multiples suggest that ATM should be trading on a multiple >4x where it is currently. Even this underestimates the long-term value of ATM, in our view, with the prospect of resource expansion, modular production growth through the addition of oresorting technology, and ongoing lithium market tightness driving a 40% uplift in our DCF-based, risked sum-of-the-parts to 35 GBp per share, +483% from the current share price. However, we note the strategic funding process may eliminate the need for cash from Orion, while ATM assesses further funding options for Phase 2. Our increased petalite price assumption drives a 40% uplift in our DCF-based, risked valuation for ATM to 35 GBp per share with +483% upside |
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