Finally we get a number $50-60m to build the starter plant. so we have $27m .... Lets consolidate now and raise to let everyone get back in at say 5c
Consolidate 10-1 down
IMO Raise $30m at .05 = 600m more shares could give ADN 370m on issue post consolidation with $57m cash no debt and we could get some sml finance package or issue some options with the raising if we needed it.
No doubt it could be fully underwritten by the sharks that have made 10s of millions from the fall..
Ann: Investor Presentation - Noosa Mining Conference, page-29
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