General comments/chat, page-35432

DSO would certainly suit a company like LRS because it lacks the technical nous to develop, produce and market more refined kaolin products. ADN has chosen a more evolved strategy and outlined it in the DFS. I don’t disagree that this change of tack was a large factor in the SP drop but it’s the call they made, and I think most current shareholders are OK with it.

There's also a small remnant group of DSO fanboys here, mainly those who don’t want another CR, but that mode of sale is simply not going to happen. IMO, I'm happy for ADN to stay out of DSO because like you, I hold LRS and I think DSO is its best avenue to market.

The talk here about takeovers, like a lot of the talk here, is entirely speculative. With kaolin increasing in demand and three-quarters of the milestones ticked off, ADN would be a golden goose for a multinational with the means to acquire it. But it would be a difficult deal and there are very few concrete signs of any imminent snatch. There is some price manipulation but that's hardly unusual.