ADN new valuation, page-27

Hi Haworth
That long technical article was not written by me and I dont remember cutting and pasting it. There is more than one Wombat on HC. Most probably Wombat777 put it up as he is a very astute poster on HC.

I remain positive and hopefull for ADN but the recent change in timing of the roll out of the project was a real negative surprise. It in no way means that the project doesnt go ahead but lets call a spade a spade it was not what we we were expecting! The subsequent denial by Mgmt that they did not believe it was a material change was just as astonishing. A long delay in the rollout of the scale of the project is a setback. If things improve with more offtakes announced over the next 6 to12 months that will be most welcome but confidence in our leaders has been reduced.

In regards to EXR comment I dont hold it but I have a very large holding in IXR which has the potential to be the next PLS except it will be mining rare earths. Valuable rare earths!There is more than enough material on the IXR thread for you to form your own opinion. I will say the present price weakness does not reflect the progress that IXR has made
Chrs W2