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0.7¢ andromeda metals limited

Ann: Investor Presentation - Update, page-95

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967 Posts.

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01/07/22

12:45

Post #: 62319002
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Originally posted by theloft: ↑

In the absence of anything new, IMCD seems to be the key. However, beware. I have experience elsewhere where multi-nationals are great at stitching up exclusive arrangements which get you going but are buggers to unravel later on when you are established. They come with a loan (secured) + potentially equity kicker (part of loan is convertible) or a SMALL placement. These type of people don't like much equity risk and will need to be able to grab the assets if things go wrong. The best outcome for ADN is to have 2-3 of these to choose from. At present, they don't and Chinese one's are not very palatable at the moment (that will change). So just be prepared for a dominating partner, not in an ownership sense, but relationship with handcuffs. The presso has somebody with better Canva skills but it smells like a fundraising teaser to me - though not necessarily equity.

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A very good example of what can happen in such situations is what happened to FYI over last year when Alcoa came on board ready to fund the project development and help with future distribution.

ADN Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
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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

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No.	Vol.	Price($)
61	28008736	0.7¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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26	8254823	0.006
16	14006199	0.005
5	7450000	0.004
3	8600000	0.003

Price($)	Vol.	No.
0.008	3800000	5
0.009	19919478	25
0.010	6164819	9
0.011	27226522	7
0.012	29515921	7

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