ADN 5.26% 2.0¢ andromeda metals limited

"Right now we need ro establish an income generating business...

  1. 11,249 Posts.
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    "Right now we need ro establish an income generating business and stave off any predators at the same time ro build to the possible potential"

    One of the reasons this type of speculation is important - it helps shareholders to understand the potential ... and make weaker hands more sticky ... maybe hold out for a return over 5 to 10 years rather than the 18 months it takes to achieve production.

    I do think that cashflow will kick in at the right time (2023 to 2024) to support funding the startup of the mid-term initiatives. It just needs to be a stable income to support debt-finance for these things.

    The NNT itself could potentially generate modest cashflow soonish ... ?

    From the transcript of the CRUX interview https://hotcopper.com.au/posts/48913076/single

    15:28​
    Here we're talking about a product that could literally sell for USD$1Ms per tonne, so hard to imagine that sort of price but that's what they go for and it's proven technology and we're finding now that this does work. We have a pilot plant that's in a construction phase that will be operating by the end of the year, and that will be able to produce commercial amounts.

    Now imagine if that cashflow could help cover ADN's regular quarterly expenses ...

    ADN spent $1.16M in the financial year to June 2020
    ADN spend $2.09M in the financial year to June 2019

    Pilot Plant is due to start running by the end of the year.
    Last edited by wombat777: 16/11/20
 
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