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2.1¢ andromeda metals limited

Ann: Investor Webinar - Market Update, page-190

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Bioalltheway

688 Posts.

361

30/08/22

12:49

Post #: 63406721
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Originally posted by Goldhawk11: ↑

The major issue I've had the whole time is that there is a change from DFS - capex, timing and output have all changed... A delay by up to one year, a ramp up to production extended by up to one year, and a capex number there is no information about. In this market it wouldn't be unreasonable to add 30% to capex, both materials and labour. So going the "starter plant" approach, may not actually cost much less that the original capex forecast for the full stage one.

Again, all this has a material impact to revenue and NPV so it should have had it's own announcement, and it appears the market aren't accepting the fumbled explanation provided this morning.

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I have no debt capex will change, the whole world is suffering from inflation. This will be part of the conversations around BoA's. Everyone is in the same boat there. If CAPEX does increase by $25-$30m on top of the $80m, not a major issue in my eyes, only 1 of 3 things likely to happen:

1) no change to dividends
2) short delay on dividends to be paid, or
3) reduction of dividend in the ST

ADN Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

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Last 2.1¢		Change 0.002(7.89%)		Mkt cap ! $62.20M

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Price($)	Vol.	No.
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