ADN 0.00% 0.7¢ andromeda metals limited

Ann: Webcast on the results of the 2023 DFS, page-53

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  1. 3,038 Posts.
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    Looking at other Companies looking for cash comes down to how good you are with the Resource you are trying to Sell. RXM have a huge Copper play, cr to keep wages going for management while sourcing a Billion dollars for mining. We are looking for 100 million, we are mining clay, but Management still will want at least $15000 plus a week before tax. Thats Australia, don't know any Mining Company can make any money unless they mine Gold or Coal. By the time they pay tax, wages, the list goes on in a Developed Country. ADN needs a Big Overseas Player and that is about IT.

    Only thing I can Guarantee, regardless of a good announcement is a Consolidation Will happen shorty, maybe 100 to one!
 
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