Ann: Investor Webinar - Market Update, page-284

ALL IMO

I hear your concern.
I have been in contact with JM and the webinar had to be signed off by the ASX before release.
The inference being do not go off script or you risk being in breach of ASX rules.

I think what is appalling is the way ASX are now going about controlling what companies can say in their releases.
It appears like the ASX want to be every companies PR agent.
Terms like overreach come to mind.

I have no issue with a company, or its MD, being aspirational.
That is how they grow and develop.

For an entity like the ASX, who tolerate the Short and Distort brigade, to have greater control over what a company can say is a recipe for disaster. It will make it so much harder for small and microcaps in Australia to grow and be success stories. I'd like to see more separation of powers here. IMO this is but one example of govts supporting market manipulation and corruption for the personal gain of a few in the know. e.g. America, the worlds capitalist benchmark, appears to have tighter shorting rules than Australia.

RANT over

Despite all of this, ADN are going mining.
The message I got was they have customers and are not going to delay production waiting for other offtakes. The staged approach to reach DFS targets also de-risks the move the production with a lower CAPEX. Did ADN handle that messaging well? It appears not, however, I judge people by their heart and intent. I am of the belief JM and the Board think they are always acting in the best interests of shareholders.

GLTAH