Market is finally waking up to the potential ADN presents in the halloysite/kaoilin market with a globally significant resource with demand growing due to both new uses for the mineral but also due to China's closure of local mines due to pollution issues. This sets ADN up to benefit via it rapid approach to production of DSO and potentially dry processed ore.Both models could see ADN into production not only very quickly but also with low cost with the Carey's Well resource close to surface with a low cost operation. With significant interest from Asian parties including China and Japan and the high need for companies from these areas needing to lock in supply the next few months should get very interesting for ADN. With 1 Chinese party to visit this month to progress business opportunities with ADN the chances are we will see some type of agreement tied up in the short term. Interestingly a Chinese major who supplies LG with battery materials is also in discussions with ADN. All adds up to a big few months ahead for ADN.
We have progressed rapidly since the Poochera acquisition and i believe that would not have been possible without our MD James Marsh through his knowledge of both the project from past works but also his entire knowledge of the industry and the contacts he has within it. He is a serious asset to this company in its drive to rapid production. He is 1 of the major reasons i have made ADN 1 of my biggest risk vs reward plays currently with what i believe has significant upside. Looks like we have finally weeded our way through both the stale holders plus those who took the placement and were in for a pip. With a strong news flow anticipated in coming months i expect this to move significantly higher.
- Forums
- ASX - By Stock
- ADN
- Ann: Commencement of drilling at Carey's Well and Company Update
Ann: Commencement of drilling at Carey's Well and Company Update, page-52
-
-
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $24.00M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $10.00K | 1.312M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
61 | 28008736 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3800000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 28008736 | 0.007 |
27 | 8424823 | 0.006 |
17 | 14206199 | 0.005 |
5 | 7450000 | 0.004 |
3 | 8600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3800000 | 5 |
0.009 | 19979478 | 26 |
0.010 | 6164819 | 9 |
0.011 | 27226522 | 7 |
0.012 | 29515921 | 7 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |