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clock Created with Sketch. 09/05/25
14:15
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Originally posted by RCammo:
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Guemar, I won't go into details as I don't have the time but basically I think a) the project stacks up financially and I believe in the long term supply v demand issues for Kaolin ... b) Bob is still a fan and left for family reasons which I know for a fact ... btw he thinks the recent HPA announcement is enormous and bigger than the market realises (I rate Bob) ... c) I have attached no value to HPA because I'm simply looking at 'base case' - but HPA could be a huge kicker, and there are many in the market that don't give a toss about Kaolin but they DO care a lot about HPA ... d) We are in final DD with a debt provider - and exclusive DD can be a two-edged sword but I am hoping they're genuine ... e) I think Sue Ann and Sarah are working their arzes off to get this done ... f) JD on the board - Bob is a massive fan and thinks he will/is adding huge value ... g) absolutely everyone at ADN is aware that whilst we have a great resource, we simply have to get finance - and until we do, we need to manage costs accordingly - and the company IS being very tight with its $ ... h) If we get this up and running, there's a nearly 30-year resource ... but Great White will only be the start of it ... i) in investing you consider a lot but at the end of the day it's upside v downside and probabilities. I think the probabilities are in our favour and the upside is very significant. I could be wrong but my money is where my mouth is. None of this is advice.
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Interesting post, as always, RC.
Last edited by
bottle :
09/05/25
(20min delay)