Ann: Termination of offtake - Great White PRM, page-73

Still Believe from what I was Told a long time ago regarding contractors tendering on the GW project. Banks lining up, no long-term items ordered. ADN has been primed for a Takeover for years, they will never go mining under ADN, don't you think that all this time no update on banks, equipment and a 100% ownership of lease at a price, all Government requirements done with only the Enviromental payment for rehab to be paid. All future supply contracts Cancelled, 40 cent takeover offer coming. Like people are saying, what has Bob in the pipeline, Trips to Europe, China. Do you think Management are going to wait for 4 years for a return. Times have changed in the way and how banks lend money. Banks don't lend 100million on Clay at 12% for a Risk Return on Money. Interest alone would be profit plus cost to mine clay in Australia.

ADN has the Product with No strings attached; World Players have the Money with their Own Bankers.