ADN 14.3% 0.8¢ andromeda metals limited

Best to just use $700t. Apparently the price is a bit higher for...

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    ADN has marketing rights to 100% of GW production so there is no need for more than one owner of IP/trademark. MEP will pay a small marketing fee. These arrangements are pretty standard agreements with a fee of around 3-5% I've been told (in the coal industry).
    Best to just use $700t. Apparently the price is a bit higher for PRM than CRM but not by much.

    The market is just not interested in the story ATM. The use in cosmetics would have moved the mkt 6-12 months ago as would have news on HPA.

    Based on Wombat777's latest conservative earnings forecast buying at 14c seems good value with a pretty clear sight to granting of ML, construction & production. The downside, as has been pointed out in recent times, is likely cost escalation which will to lead to a lower set of numbers in the DFS and another CR. After the last CR James Marsh mentioned another CR post-DFS and now it might be a bit larger than previously planned.


 
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