ADN 0.00% 0.8¢ andromeda metals limited

Ann: Letter to Shareholders - AGM Notice of Meeting, page-22

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  1. 1,191 Posts.
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    What got us to this point is not the actions of the current board but the economic and financial state of the world markets that is hindering overseas companies to do deals (BOA’s).
    The board is keeping us up to date as they were also probably sick of waiting for BOA’s so they acted to do the right thing by shareholders by reducing the start up costs with a much smaller plant. Remember it takes time to change the initial plant design to a smaller one hence the silence before the step-up plant was announced. Admittedly they certainly did not announce this to the market very well. That was handled very poorly.

    Im not sure what you want the board to announce. Nothing materially is happening apart from a board change.

    If you are seeking an estimated cost of the start up plant you want get that till the PEPR is approved followed by the BFS. They will not communicate rough plant estimates to the market as the tenders would still not have all rolled in.
    The Qtly should be out in the next couple of weeks so hopefully we can get an update on all things ADN that will keep you and others a bit happier.




 
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