Hi Germoney,
I'm pleased you identified the strategic competence of ADN management.
Despite some of the knockers (who are also holders) on this thread I support the current Board and Management 100%, including Rhod Grivas and Andrew Shearer.
For all you knockers, follow this...
31 October 2017 2017 Annual Report releasedColin G Jackson Non-Executive Chairman
Chris Drown Managing Director
Nick Harding Executive Director and Company Secretary
Jonathan Buckley Non-Executive Director
No mention in report of Poochera or Kaolin or Halloysite
17 November 2017 1 for 2 Rights Issue at $0.005 with free attaching option exercisable at $0.0012 before 30 November 2020
30 November 2017 Chairman’saddress to AGM - Rhod Grivas
Rhod Grivas gives the Chairman’s address and introduces himself. Also introduces Andrew Shearer as a new Director.
Chris Drown and Nick Harding on the board.
Rhod Grivas also makes the following statement
Andromeda will also work to bring some fresh exciting projects into the Company. While our primaryfocus will be on acquiring a new Australian project we will consider overseas project opportunities if they represent a good value proposition and hold promising project upside.
5 December 2017 Notification of shortfall in Rights Issue
11 December 2017 Shortfall of 87,971,418 fully paid ordinary shares issued to professional and sophisticated investors associated with PAC Partners Pty Ltd at an issue price of $0.005 per share and including free attaching option
26 April 2018 Andromeda signs agreement with Minotaur to acquire up to 75% of Poochera high purity alumina projectSame Announcement states: Mr James Marsh is to beappointed as the Company’s new Managing Director, commencing 1 June 2018. Jamesis industrial chemist with world class production and marketing experience inkaolin and associated industrial minerals products and the skill set to advancethe project into production.
Announcement also gives a description of:
· KAOLIN-HALLOYSITE JOINT VENTURE
· What is HPA?
· The Kaolin-Halloysite Project
· Resource Estimate by Minotaur for Carey’s Well
27 April 2018 Final Directors Interest Notice - C Drown
27 April 2018 Investor Presentation. Outlines new direction to be taken by Andromeda and includes new board arrangement.
This Investor Presentation isworth a complete re-read.
30 May 2018 ADN:Initial HPA results confirm 99%4N potential at Poochera
30 May 2018 Initial Director'sInterest Notice - James Marsh
And from there, with the addition of James Marsh, Andromeda continue to tick the boxes.
Without Rhod Grivas or Andrew Shearer I'm not sure any of the earlier strategic moves would have been made to get to where we are now.
DYOR.
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