ADN 0.00% 0.9¢ andromeda metals limited

General comments/chat, page-36440

  1. 956 Posts.
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    I have a different opinion.
    At this stage the news about patents filled for some applications in very far future or detailed analysis of the renumeration report are not that relevant.
    I’m not putting down such posts but these are not going to influence the share price this or next week.

    I think that most of posters have already decided how they are going to vote at AGM and it looks like a lot will be voting based on emotions so facts are not going to change their point of view.

    At this stage the actual future of ADN is so completely unclear: what are they actually planning to do, what will be the economics of the project and is it possible to fund the project?
    Without detailed answers to above questions nobody can determine if the project will actually go ahead. If the project economics don’t stack up or if it can’t be funded, the value of patents for applications far into the future is close to zero.

    What we know is that they have enough money to continue doing what they currently do for about a year and they keep hiring staff like they are planning to mine.

    Current silence and lack of significant news from the company means that there is nothing significant to report. Looks like all the previous plans are not feasible. The don’t know how to move ahead and spend their time trying to figure it out. Find more customers, change the direction or whatever else.

    In my opinion current silence is a much better than previous situation where JM would start spruiking a new shiny idea every month or keep talking about how things need to be kept secret.


 
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