ADN 5.88% 1.6¢ andromeda metals limited

Ann: Non-binding Heads of Agreement signed with Traxys, page-68

  1. 2,842 Posts.
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    Everything is in Place Now in South Australia; $120 mill is not a lot of money for an investor or investors.
    ADN is open for all to see, what did BHP boss say the other day, Wages are up, but Productivity is Not, Times are changing in Mining. What BHP boss is trying to say, a Diesel fitter in a Coal mine a few years ago was on $85 an Hour, 2024 the same Chap is on $120 per hour BUT production is the same from a few years ago. Mining Companies that Require SPECIALISED PERSONAL in a Remote fly in Fly out situation, whether IT be underground or surface open cut works will at the Moment Command a Premium Wage and as 24 closes Mining Companies are Making Less profit for Outlay.

    Hello Clay, Hello ADN. Local Labour means less costs as personal Live and work Locally and are happy to be home Every night with Family,
    ADN mine is a Basic open cut if you could call IT that, like saying to a KIWI we have mountains in Australia. Which means we Don't have to source Specialized Personal to operate Basic equipment after being trained by Management Staff.

    Basically, what I am trying to say, if Bobs Figures are for some sort of Profit after five years of investment with a TAX CREDIT in place. Investors with cash will invest, Money has to work Regardless.

    Clay is Clay, but Money is Money so if you can make money from Clay, ALL Dollars look the same, regardless of investing in Coal, Gold or Lithium or iron ore or copper.

    $120 Million Total invested in ADN is a Good Bet for a Steady Return on your Investment over 20 years with a LOW Cost to RUN!
 
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