ADN 4.55% 2.3¢ andromeda metals limited

Ann: 2023 DFS investor presentation and webcast, page-202

  1. 552 Posts.
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    didn't you hold at one stage? aren't you better than this? feel there's almost an encouraging amount of moaners and doomsayers here and understandably some very frayed nerves of the loyal crew.
    all this noise aside: imho
    I firmly believe this will get to mine (could be wrong, so not betting the house on it)
    the corporate evolution within the company projects an intent to take this to production
    the Sa govt, not least the local community who have also ridden this up and down and probably as tends to happen come to terms with the project.. as tends to happen, I'd assume that there would be more local demand and advocacy for council and government support for this project now that it seems less of a "steamroll in to town" operation..
    which leads me to think that they will almost certainly obtain a portion of government funding/loan.
    the optics of the project appear much better to receive some support and assistance now that it's been brought down to earth..
    could it drop from here still? sure. but with 15m cash, and some items ordered or deposits paid, I think it's a good entry, and I feel better having a foot in the door if they do offer a SPP with their next raise or funding announcement.
 
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