ADN 5.56% 1.9¢ andromeda metals limited

Come on James Marsh … Give us something

  1. 70 Posts.
    lightbulb Created with Sketch. 26
    Can anyone comment on WAK.ASX

    They have OT and LOI for 90% of their 200,000t pa stage 1 plant for Kaolin - and a Market Cap of $42m

    Their quality not as good as ADN? Why the huge price difference in Companies
  2. 1,285 Posts.
    lightbulb Created with Sketch. 640
    Their DFS had Ebita off memory of $350k. Was for 10-12 year lom back then. Don't quote me on all this but go look through some of their announcements it will give you alot of confidence why we are up against it we will be generating substantial revenues. The clowns saying Kaolin coy's aren't worth $100m MC obviously haven't heard of Imerys either. Multi billion MC and their main material is kaolin along with other industrial minerals. Our ebita is $2.2billion from dfs relased with peak covid costs.. We have a premium product and when ADN get mining we will be making substantial revenue.. Especially since alot of our costs are falling.. Patience will eventually be rewarded.
 
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