IPO - WA Kaolin Limited, page-17

Uh, no. Not better than ADN. No halloysite, which is the premium product that ADN gets $700-$4500/ton for. So cute campaign by WAK to try to like for like with ADN, but not accurate.

Don't get me wrong - I think it will do ok, and may well get some shares - but I'm not looking for this one to hit it out of the park, which ADN should very much do. Just should be a nice solid earner with an easy, self funding expansion plan. Once its put its money into its expansions, should then pay out some nice dividends, a couple of years down the track.