Hi Buffertbar,
Yes, you are right that those guys are struggling despite many years exposure to the field - selling off the family silver is never a good look. And generally this is what is so risky about new ventures; there is so much that can go wrong. May I also suggest that the ADN resource may well be significantly / vastly different in terms of halloysite?
I steadfastly maintain that ADN have been really selective to date about choosing commercially viable potential halloysite ventures and I think they have some great product, as well as the right development team to work with.
Those two elements are vital, with along with clear and highly informed leadership, and in my opinion really make the difference between ADN chasing rainbows and going after bona fide opportunities.
It's funny, one sees a whole sector being bought on mention of halloysite, sometimes just on mention of kaolin!!!! But the rubber hits the road when we get down to halloysite specifics and economic quantities.
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