Ann: Letter to Shareholders - Notice of Meeting, page-8

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K.A.Ching

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01/07/25

00:13

Post #: 79630347
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Originally posted by bottle ↑

Just attended the General Meeting - sitting quietly up the back sipping coffee.
Quite a few s/holder questions at the end of voting formalities (everything passed easily).
Have sat in on a lot of company meetings over the years for innumerable companies. Was impressed with the confident and easy manner that Sue-Ann and Sarah dealt with the questions.
Answers given were...

Consolidation of shares "is not currently on the radar" but will be considered "once the company is on an upward trajectory".

No Council issues at the moment. Once Final Investment Decision (FID) is given then applications for minor works will be lodged and expected to be granted quickly.

No current local objections from anyone in the local community about anything.

Constant and ongoing dialogue occurring with Traxys, Ibero, and state government and federal bodies.

Merricks due diligence was VERY extensive and included discussions with off takers and including Traxys and Ibero. (M's also had access to the BFS of course).

Remaining finance will be a debt / equity mix (as we knew). Cornerstones are still very much a possibility.

Costs for the project have increased here & there but "not materially". All important shipping costs may even have come down overall.

I also very much gained the opinion that one eye is already focussed on Stages 2 and 3.

HPA mentioned in passing (there were no specific questions about it) but still seems to be a central plank looking ahead.

Overall, I thought that there is a lot to be quietly confident about here. One for the baggie hunters.

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Many thanks @bottle
I take it the HPA mention might be regarding the ongoing scoping study that began mid May. Fingers crossed we get some positive news on that front late July/early August .

Good luck all!

K.A. Ching

ADN Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $41.96M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$21.22K	1.929M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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11	9271875	0.008
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Price($)	Vol.	No.
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