Some people also craving some BOA's for porcelain but it seems pretty clear that ADN would prefer to have as many non-China customers as possible signed up for all of the obvious reasons.
HK IMO we are not craving BOAs for porcelain. The below from the recent market update and Samso interview states clearly we are to expect BOAs for porcelain. Don't forget it was only 8 manufacturers from only one city in China (it appears one was Japanese owned). Given there must be 10s of cities, if not 100s, with porcelain manufacturers I don't believe there is too much sovereign risk for this market. ...and it is prudent to diversify into other geopolitical locations.
Advanced discussions are currently in progress with a number of potential customers to lock in Binding Offtake Agreements. Conrad Partners are on the ground following up all current opportunities in China, along with Andromeda staff who are working on a number of other customers targeted throughout Asia and Europe
I do agree on your analysis for the cement additive. It must be a decent enough opportunity to delay the DFS ...and maybe GICAN is in the mix...
IMO we will see BOAs on something before we see the DFS
GLTAH
ADN Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
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