ADN 5.88% 1.6¢ andromeda metals limited

General comments/chat, page-44357

  1. 2,851 Posts.
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    Nice to Watch evn to give you an idea how IT works, regardless of being a Gold Miner you still have to work hard and Build your Company. When you follow their history, you find when they started, they Managed their Costs. Instead of buying new equipment they purchased second hand and made IT work, resulting where they are now. Like nearly All pennies or asx starters, they Always Want brand New and expect ASX retail to pay for IT. Reason being Management DONT want to do the hard work and Save Money as they Think they Deserve their Well-paid Salaries and using second hand means HARD WORK to Manage if you are Just a Management Team happy to wait OR not get the money needed to start a Mine. Not saying Everything has to be Second hand but like evn they make IT work.

    I have not looked at adns equipment needed secondhand, but Personally I could see a saving of at least 30 million dollars if such equipment is around. I won't Start on wasting Money on Carbon Capture!

    As Always with ADN , something has never been right, like they Never Ever wanted to start a Mine?
 
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