ADN 5.88% 0.8¢ andromeda metals limited

Ann: Carbon Capture and Conversion Project Update, page-16

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  1. 932 Posts.
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    Former T20 & Kool Aid drinker here. I had been keeping an eye on ADN in case of a suitable re-entry opportunity, but now cancelling that thought.

    Those of us who listened and watched JM spruke the CC plant as a 'company maker in its own right' will be shaking their heads in disbelief at the outstanding management incompetence of the last few years.
    - lack of BOA's
    - DFS assumptions changed but no change to financials !
    - overpaid for MEP takeover
    - BFS ? where is it
    - HPA a fizzer
    - CC a right off & nothing from NN investment.
    - have I missed anything ?

    I'm amazed JM is still employed and can't help wondering if an enterprising lawyer will get a class action going at some point. Continuous disclosure questionable as a minimum !

    Not having a go at existing shareholders, I feel your pain having already taken my medicine. Good luck to all !
 
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