As a long-term shareholder (Adelaide Resources days) I went along to the AEMIC on Wednesday to meet the ADN team and personally thank them for continuing to create shareholder value. I have held off sharing my conversations until now because of the all the negative attention created since the announcement of the BOA on Wednesday.
I spoke to both Rhod and James with the below key take-aways;
- The Japanese Customer was working with samples from GW for ~2 years, and now that the BOA has been signed, the dominoes are expected to fall.
- I believe @Scarpa is onto something and work on the HPA front may surprise. I seem to have shifted my focus to concrete and away from HPA.
- ADN are evaluating other industrial mineral opportunities outside of H-K (of which JM couldn’t talk about), which has been disclosed previously a couple of times. From the last AGM below;
- I also noted that considering the amount of other new H-K explorers/producers in the market, ADN was the only H-K company presenting at the conference.
- I was thanked for my continued support.
As for concrete, we didn’t really touch on, but I will share my thoughts again. I understand that there has not been a lot of technical information put forward in the announcements to support the early strength gains leaving us to speculate progress/market viability on that front. I understand that knowledge and insights are scarce resources and luckily for myself, I have worked for one of the largest civil construction contractors in the country (AR well north of $1B). So, when the concrete announcements were made last year, I spoke several civil engineers- two of which wrote their thesis’ on early strength gain/ higher strength concrete. All have extensive experience with TMR and I put all the ADN information in front of them. I received positive feedback based on the supplied information, of which I have shared in the below post and I am happy to wait until further developments are announced.
https://hotcopper.com.au/posts/4784204/single
Long story short, if you want to know the “ins and outs” of frozen yoghurt- I know your man. You want to know about early strength gains in concrete? Speak to the subject matter experts at your disposal and get honest feedback as this is your edge in the market. And the feedback for me was “this is positive, wait for further developments”. The choice is mine to trust my research, contacts and ADN management.
