ADN 0.00% 0.7¢ andromeda metals limited

Ann: Change of Director's Interest Notice - James Marsh, page-19

  1. 1,427 Posts.
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    "slowly but surely the Company has been missing key milestones, been presenting incorrect information to shareholders and then contradicting themselves."

    What milestones have they missed? The DFS was pushed from Q4 2021, to Q1 2022. It may well end up only being a month late. Their comprehensive mining proposal was submitted on time. The ML timing is out of their hands. If they'd stuck with the old PFS, ie DSO operations, its highly unlikely the SP would be north of its current location. Plus there'd be little if any upside.

    What incorrect information? You cannot post such generalisations.

    What contradictions? If you are referring to the reason for the delay, they said in the DFS update announcement the merger would cause delays. Where is the contradiction?

    Also, you claimed they were being paid $5.9M. I have no idea where you got that figure. I posted what I think the current remuneration package is worth, which is considerably less at ~ $1.5M
 
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