Ann: Offtake Terms Sheet - China market, page-77

Hi The Pig
Good to see that you are pleased with the anns out in past 24 hrs.I am travelling in USA and about 14 hrs behind Aust time so I am a bit late posting today.

The anns are a great step forward and crucial for the success of ADN.

At the last AGM I spoke with all of the directors and senior managers and came away feeling that Mick our Managing Director was getting ontop of the changes that were so desperately needed. I desperately needed to know they had a decent strategy for moving forward.

A few months ago in Brisbane Mick mentioned to me how happy he was to have Bob taking up the reigns and was very impressed by the way Bob insisted on phoning into all of the important meetings of the company some 2 months prior to him being appointed.

I think that all investors will be hugely relieved at the way that the company has pivoted and has an unwavering focus on getting offtake agreements signed for higher margin products.

This will get us to a position where our chances of securing finance have a much higher degree of success. I dont know if we need any more offtake agreements but we must be getting close to the target level that potential financiers will be demanding.

ADN still have work to do but I hope investors are sleeping more comfortably from now on.

There have been countless negative posts on ADN which I sincerely hope will fall away as I believe the new ADN Mngt Team are really making excellent progress.

Chrs and good luck to all investors who have stayed the course with ADN. I do think hope and pray your perseverance will be rewarded.

Chrs W2