Today's announcement has me puzzled. In the announcement they disclose that an initial plant will be built with a 100,000 tonne pa capacity. This is a third of the capacity of the plant envisaged in the DFS (300,000 tonnes pa). Today's announcement is marked as not price sensitive and is entitled 'Andromeda commencing procurement of long lead time items for Great White Kaolin Project.'
As I missing something? If the ADN Board has decided that they will initially be building a significantly scaled down plant compared to what was envisaged in the DFS, this is unquestionably price sensitive and should have been disclosed as a price sensitive announcement immediately once the decision was made.
Puzzling and if I was a shareholder I'd be seething re this attempt to disclose such fundamentally important information in a seemingly benign announcement.
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Today's announcement has me puzzled. In the announcement they...
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