General comments/chat, page-10275

MEP shareholders being reminded of the risks that other projects in their portfolio have for the company's overall value this morning.

Interesting to see management offer a refund to retail shareholders who have applied of the SPP off the back of the poor results being released to the market this morning.

Whilst there is certainly a level of value that MEP will at some point realise from their ownership of the Great White deposit, currently of ~50%, soon to be 25%. I believe it's a mistake to draw references to the difference in market cap's to try and highlight perceived value that may exist for a soon to be minority stake in one project that ADN own. MEP will also be up for capital contributions for their level of equity retained towards the project from (if i remember correctly) a decision to mind / DFS?

The market cap / value of ADN is made up of many factors with shareholders prepaid to value ADN on the basis of;
- Poochera (Great White)
- Coondorigne
- Mt Hope
- Camel Lake
- Other projects that the company has JV interests in which I believe may be realised over the coming 12 - 18mths to add to the cash reserves and lower future potential dilution.
- Management's significant experience and vast contacts in the sector, which other prospective Kaolin / Halloysite players do not have.