Yea, that's the Skardon River saga. Stemmo posted a great video on why Skardon failed. ADN is a different situation entirely. JM was in charge at MC for all of five minutes, as the ship was already sinking. The resource was in an impossible location, and from memory had impurities that made it uneconomical. I'm sure JM learned a lot for Skardon, lessons ADN holders will benefit from.
The only thing that is a concern is JM's optimism. That's why I said him being a salesman (and yes, he is a scientist too) is both his strength and weakness (and no, I'm not implying he is a liar). I believe the shorters are banking on JM being a fraud.
If ADN hadn't already delivered significant achievements, then I'd be worried that he was all talk. But so far they've done an exceptional job over the last 3 years. They probably set too ambitious targets. I say, so what. Its their comparative performance that matters, and here they have out performed their junior peers in their speed, professionalism, and agility in bringing this project closer to production. And if institutions don't like that, I don't give a rats.
Superficially, the Skardon River saga looks bad. But with more research it proves to be irrelevant.
- Forums
- ASX - By Stock
- ADN
- Ann: Definitive Feasibility Study (DFS) update
Ann: Definitive Feasibility Study (DFS) update, page-115
-
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $48.48K | 7.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 22147619 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 12631090 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 20815619 | 0.006 |
32 | 17540526 | 0.005 |
9 | 9325000 | 0.004 |
6 | 9448333 | 0.003 |
5 | 9650497 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 11854292 | 11 |
0.008 | 11305421 | 19 |
0.009 | 14748242 | 13 |
0.010 | 9107806 | 14 |
0.011 | 15087431 | 8 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online