yes, that is an incredible ratio. who sells for that small amount ?? and adn does not beed another cr for this potentially huge resource. unbelievable.
i think it is less about life extension ( over 100 years the additional extension will not be relevant for the valuation of adn)but more about the potential to deliver more when the market in 3-5 years heats up. more stuff for a second factory line ?
and nobody else can exploit the ressource.
did i read that correctly: they might even go to 100% against a revenue stream after stage 2?
so it is rather strategic than short term economic thinking. i like that!
long for very much longer
Ann: Andromeda enters new kaolin Joint Venture, page-61
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $24.00M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $4.903K | 748.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 17955019 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9103740 | 27 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |