Yes that was obvious, even though I have not read it fully yet, but i will.
I think 2030 for profit is a bit on the tough love side. The starter plant will be profitable, so will Phase 1. If the starter plant loses money, it won't be built.
Imagine 2025 lol, trading halt, a CR to keep the starter plant running
, lol. That would be something...
But I get it, profits (small at first) will be reinvested into Phase 1, and then bigger profits into Phase 2. Its the snow, wait.... lets call this the kaolinball. No need for applause, but if you wish - go ahead, or a lightbulb will do
Dividends will come when reinvestment stops - hopefully before 2033 - I don't want to wait till im 64 for my dividends.
If they get a good name, and I can see this happening they will accelerate of stage 2, 3, or 4. Perhaps 3,4 combined? Debt funding/rights issues blablabla - life will be easier with millions of annual profit. James said in the AGM, getting a name is difficult, once you get a name, BOA's come much more easily.
ADN is currently taking puppysteps (pun intended) - picking up my new border collie tomorrow (bad investment, dog = moneypit). Just tomorrow will cost me 60,000 ADN shares, desexing another 15,000. I don't need to sell shares, iI'm just correlating costs.
@Holdmybeer,
@Wombat2. Good Posts. 2 things, a huge load was lifted from ADN's shoulders minutes James took the stand, I did not mind the couple of Jokes. It started with Andrea (ADN best company she ever worked for), the white powder bags, and I missed the cosmetics one (i'll rewatch) - but it is certainly better than having a puppet read a scrip (BTW I sent him a mail I never wanted to see that again ages ago). He also took a good hour and explained starter plant composition, HRM, and why they will proceed without 100% BOA, a nervous masterstroke - hate it or love it.
I also applaud
@ThePig for digging deep at the AGM - it was felt. ADN knew the whole process was a dog's (pun intended
) breakfast. It apparently was on a boat, left the boat, loose comments flied around, aus certification does not look like it was planned well, and it sounds like the design has changed a little (???). I'm pretty sure ADN's boardroom will have set back and recognised that this was not their best work; perhaps they sat back and said 'this is our worst work'. That being said, the team is getting on with everything, I will let sleeping dogs lie (that pun also intended). Not sure what your feelings are now, but it also sounds like CC has changed (or what is always a 2 step process)? Andromeda is upbeat about it.
Here another thing - see I can be unbiased. the whole HPA thing, is now under a patented process, to be believed more efficient. Now we had a deal with a Canadian mob, pilot plant in the UK. If this was dropped it should have been announced, maybe not price sensitive but it should have been in an update. What we have today is a new HPA process communicated to be better. Communicate concrete (another intended pun) information fly to
us the shareholders - nothing was said about dropping that partnership, and I assume it has been dropped, and we're not doing both.
A few drinks tonight, and I hope the socceroos will bring us something tonight at 9PM.
(20min delay)