ADN

14.3%

0.8¢ andromeda metals limited

Ann: Binding Offtake Agreement signed with Traxys, page-98

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18/07/24

11:29

Post #: 74809422
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Originally posted by glendronach ↑

"f
inanciers take real boa’s into consideration yes. ones that are conditional are treated as conditional.

this one says if traxys can sell kaolin u have a deal.if they can’t u don’t.

not withstanding no port agreements or even water there is what u had months ago.

traxys will try and sell kaolin. that’s it.

I’d say this is for a raise."

You are talking nonsense. And you know it. Skimming thru all the shite on this this and other threads all you are about is attempting to put downward pressure on the price because you cannot stand the thought of ADN SP rising beyond your sell price. I confess to having bad thoughts like that too from time to time. Its human nature.

I am now talking to serious posters. I have confirmed with Patrick that ADN have signed take or pay contracts (my words) for CRM and HRM. There are no conditions at all attached to CRM. Just read the deal - the words speak for themselves - no hidden agenda. No Trumpian conspiracy theories. With HRM being a brand new untested market product it is common sense to require market acceptance for HRM. As with any product in any supply chain ADN needs to deliver on the agreed specifications. So we have BOA's for finance/funding review as strong as any. There is even some hedging in there which financiers will love - spreading the risk. Bob has delivered on his Mine to Market strategy. Traxys are not stupid. They have done their DD before committing TO PURCHASE - ADN assumes they have downstream buyers ready.

This a major breakthru event for ADN as it heads towards FID. Gamechanger. Still a bit to go - but we are heading in the right direction - and yes there is the prospect of a small top raise to complement debt finance to keep the lights on.

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Id like to see Trax take 300m shares at 3-5c and appoint a director to strengthen the FID case and under pin the SP.

ADN Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $27.14M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$19.44K	2.588M

Buyers (Bids)

No.	Vol.	Price($)
63	22052597	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	12135336	22

View Market Depth

No.	Vol.	Price($)
60	20255455	0.007
50	20675989	0.006
26	13930122	0.005
8	10525000	0.004
6	19278333	0.003

Price($)	Vol.	No.
0.008	12090336	21
0.009	15115894	14
0.010	7602677	10
0.011	14176522	5
0.012	13395921	5

Last trade - 16.10pm 27/09/2024 (20 minute delay)

ADN (ASX) Chart

Ann: Binding Offtake Agreement signed with Traxys, page-98

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Ann: Binding Offtake Agreement signed with Traxys, page-98

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