wow, this is a really new and professional approach to market...

wow, this is a really new and professional approach to market segmentaion and value optimisation for adn. if they can get porcelanosa ( great company!)and an australian cement- jv with a european partner for both of their products, that is high end with a longterm perspective. perhaps one of them will be a cornerstone investor to secure access to the asset?
ok, the european process for the cement-product will be laboursome. but start with only 1-2 countries, the rest will follow over time or not be worthwile anyhow.
about the dfs to come that is a total guessing game. it should be completely different from the old one ( price increase 30%, higher value product mix, lower freight costs etc). thats what i read out of his words. without sustainable profitability in phase 1b it would not be advisable to open a data room. he will know that.
given adn's management history one has to remain sceptical, but this performance today may really be a new start, and credibility will be shown in a few months only.

long for longer