ADN 0.00% 1.6¢ andromeda metals limited

General comments/chat, page-24946

  1. 595 Posts.
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    15 the bottom, onwards and upwards from here.. extremely undervalued! I remember ADN being my first ever investment last year and I sold literally days before it ran up to 40s, my first buy in was at 15.5 cents and now seeing it come back at these prices was a god send!

    Signed an agreement with a Japanese customer for 5000 tonnes per annum of premium ceramic grade product from its Great White Kaolin Project in South Australia who will pay $700 per tonne = $3,500,000 and has also attracted interest from potential customers in Japan, Europe and Asia.

    Signs a five-year offtake deal with Chinese commodity trader Jiangsu Mineral Sources International Trading Co (MSI) will sell 70,000 tonnes per annum, although the fixed contract price hasn't been disclosed, it's apparently higher than the selling price of $700 per tonne.. so let's assume $900 = $63,000,000 and once production doubles to the full capacity of 500,000 tonnes per annum, it may agree to supply MSI with more refined halloysite-kaolin..

    I have missed out in so many awesome details as well, the SP had took a beating.. the shorting.. all of that but as JM said this is purely white noise.. he has been marching forward eager to get this ball rolling, fundamentals are still developing strongly.. could only imagine if we could do a TA on a chart showing how the business has been growing instead of a SP, well as our boy @eksnip says.. see ya at 10 cents wink.png
 
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