ADN 0.00% 0.8¢ andromeda metals limited

Ann: Binding Offtake Agreement signed with Traxys, page-126

  1. 3,033 Posts.
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    ARU is on the Critical Minerals list with their rare earths project. They are being backed by the Australian and U.S. Governments and have been for a couple of years.

    Unless the United States want to start making their warships and jet fighters out of clay then I don't think that we will be able to gain the backing of any government!

    Although we do have a brand new, never-used carbon capture plant that we can sell them? I wonder how many million dollars we lost on that deal?

    There is once again a lack of transparency and clarity surrounding the status of the funding, just as there was with the final BOA's.

    I would have expected that management would have been in regular communications with debt financiers so they could be ready to pull the trigger once they received the BOA details. So where is the commentary around funding? Shareholders deserve better than to be left sitting around with no idea at all what is going on.






 
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