Some holders of $ADN might be tempted by $LRS. But beware,...

Some holders of $ADN might be tempted by $LRS. But beware, Halloysite in itself (pure state) is a very small market. The global pure halloysite market is only expected to be valued at 67m by 2025.

https://www.marketwatch.com/press-release/halloysite-industry-size-share-2019-global-market-growth-sales-and-drivers-analysis-research-report-2025-2019-09-24

What the real seller here is Kaolin with average Halloysite content of 18.4% (according to ADN). The standard threshold in high grade ceramics market is 10% Halloysite content.

ADN$ Has the profitable combination. The exposure to Halloysite for the future (which market is dependent upon further research and development) and the Kaolin market (with high halloysite content), which is to meet the Chinese high grade Ceramic demand (due to lack of availability in China, as mines have also been depleted over years of Ceramics manufacturing)

The other stock in question does not have the Kaolin-Halloysite experience of James Marsh (his pet industry for years). It comes across as a pump and dump.