ADN - Andromeda Metals

[charlsie]

after seeing the video interviews and doing a little research, i followed jack in when i sold my BHP shares and bought ADN. I'm in the process of reading a lot of Skates dump it here posts to try and work it out as to when or even if i should sell down my holdings. The trading halt is just the company following protocol and the only thing i think it could do is take momentum out of the recent run up. Looking at the number of buyers compared to sellers, it seems to favour the sp increasing. confirmational bias is running hot in my thoughts at the moment though

 

[tinhat]

good plug . Hope it doesn't go down the drain.

That's not a valuable post IMHO.

I recall you posting something in the KZA thread about their office location. Not much to do about anything really.

I'm happy to throw my money at this. DYOR. I took profit at the top but I'm wanting to increase my exposure. $0.15 seems like a reasonable price to me but I am over invested at the moment. DYOR.

 

[charlsie]

might not be valuable, but i had a chuckle

 

[Dona Ferentes]

That's not a valuable post IMHO.

whilst in YHO it has no value, let me put it another way. Kaolin ... HPA .... halloysite.

Kaolin increases the durability, smoothness and whiteness of ceramics, it is used in the production of fibreglass and it also increases the gloss, smoothness, brightness and ink absorbency of paper and packaging. There are also ‘blue-sky’ market opportunities, such as for use as a feedstock to make high purity alumina (HPA) and metakaolin for the construction industry. Thanks to metakaolin’s excellent binding properties, it allows for the production of high-performance concrete, and offers many other advantages such as improved aesthetics, enhanced mechanical strength/chemical resistance while also offering lower CO2 emissions than traditional supplementary cementing materials.

mentioned in dispatches a lot recently. Suddenly it would seem plenty of money being thrown at this sector. lots of wanna be outfits. Punters, for that matter. Demand curve => supply response

FYI there is also FYI Resources (ASX: FYI), which has "optimised its process flowsheet to use kaolin feedstock from its Cadoux project in Western Australia for the refining of high purity alumina (HPA), believing the proposed design should lead to cost-effective processing of the material".
And Suvo Strategic Minerals Limited (SUV), formerly Ultracharge Limited, a dual commodity Australian exploration and mining company focused on the development of their White Knight Kaolin Project and Nova Silica Sands Project, both located in Western Australia. ... ramping up soon to produce.
And another soon to IPO outfit WA Kaolin. Some talk here:

The advanced kaolin miner breaking the ASX IPO mould - Stockhead

The founders of WA Kaolin have done the hard yards and sunk $40m of their own cash to significantly de-risk their project and prove up their kaolin product.

stockhead-com-au.cdn.ampproject.org

.

 

[Jack Aubrey]

whilst in YHO it has no value, let me put it another way. Kaolin ... HPA .... halloysite.
mentioned in dispatches a lot recently. Suddenly it would seem plenty of money being thrown at this sector. lots of wanna be outfits. Punters, for that matter. Demand curve => supply response

FYI there is also FYI Resources (ASX: FYI), which has "optimised its process flowsheet to use kaolin feedstock from its Cadoux project in Western Australia for the refining of high purity alumina (HPA), believing the proposed design should lead to cost-effective processing of the material".
And Suvo Strategic Minerals Limited (SUV), formerly Ultracharge Limited, a dual commodity Australian exploration and mining company focused on the development of their White Knight Kaolin Project and Nova Silica Sands Project, both located in Western Australia. ... ramping up soon to produce.
And another soon to IPO outfit WA Kaolin. Some talk here:

The advanced kaolin miner breaking the ASX IPO mould - Stockhead

The founders of WA Kaolin have done the hard yards and sunk $40m of their own cash to significantly de-risk their project and prove up their kaolin product.

stockhead-com-au.cdn.ampproject.org

.

This is a very interesting and very complex sector that I'm still coming to grips with. On the one hand, you have kaolin - one of the oldest "industrial materials" on earth (like 10,000 + years of use for manufacturing and many times that as "white ochre" ) now being used a feedstock for a very recent material - HPA, and mixed with a "future material", Halloysite. Throw in the conversion of koalin-halloysite to synthetic zeolites (eg. ASX:MSE) and you have a weird matrix of potential products and applications. Of the companies now pursuing commercial ventures, there is a wide range of business strategies, value-adding processes and underlying resources (quality and quantity) to consider, along with capex and market access issues. As with Lithium, the global market is not transparent, with prices quoted for even "ordinary" kaolin varying widely. The existence of some large companies like Imerys and BASF, which have been quite predatory in the past and the fact that a large chunk of the kaolin and kaolin-halloysite market is in China, add to the risks. All this makes for some very exiting investing IMO.

 

[tinhat]

might not be valuable, but i had a chuckle

That's cool by me but I'm here firstly to make money within a very tight circle of what I consider ethical.

 

[peter2]

Daily chart indicates to me that the next price swing higher may have started today with the high volume bullish bar. Please remember to social distance in the buy queue tomorrow.

 

[frugal.rock]

Please remember to social distance in the buy queue tomorrow.

Haha, don't forget to look around and eye everyone off, to see if they look sick... don't forget the mandatory glare if someone dares cough or sneeze...
Very much over it...
Thanks for the heads up, will wait and see what VML is up to first...

 

[Garpal Gumnut]

Daily chart indicates to me that the next price swing higher may have started today with the high volume bullish bar. Please remember to social distance in the buy queue tomorrow.

View attachment 113882

Yesterday this was my second entry to ADN. Previous profitable September.

Great charts @peter2

gg

 

[tinhat]

whilst in YHO it has no value, let me put it another way. Kaolin ... HPA .... halloysite.
mentioned in dispatches a lot recently. Suddenly it would seem plenty of money being thrown at this sector. lots of wanna be outfits. Punters, for that matter. Demand curve => supply response

FYI there is also FYI Resources (ASX: FYI), which has "optimised its process flowsheet to use kaolin feedstock from its Cadoux project in Western Australia for the refining of high purity alumina (HPA), believing the proposed design should lead to cost-effective processing of the material".
And Suvo Strategic Minerals Limited (SUV), formerly Ultracharge Limited, a dual commodity Australian exploration and mining company focused on the development of their White Knight Kaolin Project and Nova Silica Sands Project, both located in Western Australia. ... ramping up soon to produce.
And another soon to IPO outfit WA Kaolin. Some talk here:

The advanced kaolin miner breaking the ASX IPO mould - Stockhead

The founders of WA Kaolin have done the hard yards and sunk $40m of their own cash to significantly de-risk their project and prove up their kaolin product.

stockhead-com-au.cdn.ampproject.org

.

Glad you are doing your research. In the mean-time I've tripled my money in ADN, doubled my money in MEP and up 42% in A4N (late to the party on that one I am afraid). Call me stupid, but I haven't even Google street searched any of their head offices!

You say, demand curve equals supply response. Someone intelligent once said "In the long run we are all dead" (JMK). I went to uni a long long time ago. They taught us about the marginal cost curve back then. Mind you they also taught us about the Pareto Optimal back in those days - that's probably forbidden economic heresy these days.

 

[charlsie]

Glad you are doing your research. In the mean-time I've tripled my money in ADN, doubled my money in MEP and up 42% in A4N (late to the party on that one I am afraid). Call me stupid, but I haven't even Google street searched any of their head offices!

You say, demand curve equals supply response. Someone intelligent once said "In the long run we are all dead" (JMK). I went to uni a long long time ago. They taught us about the marginal cost curve back then. Mind you they also taught us about the Pareto Optimal back in those days - that's probably forbidden economic heresy these days.

IMHO this isn't a very valuable post

 

[Garpal Gumnut]

ADN needs to break convincingly above 20c soon or I'll be taking some profits. Halloysite seems like a good story but the chart needs to show price continuing up.

gg

 

[rnr]

Just my take on the chart (both daily & weekly) and I may be off track here but can't help thinking that price is set to go down ATM.

Cheers,
Rob

 

[tinhat]

IMHO this isn't a very valuable post

It probably isn't if you are only here for the giggles.

 

[charlsie]

would anyone like to speculate on the reason for the large sell off this afternoon?

 

[Garpal Gumnut]

would anyone like to speculate on the reason for the large sell off this afternoon?

Exercise of options occurred. The shares were sold aftermarket dropping the price by 1c.

About 700,000 shares sold aftermarket out of a total traded of 18.1 million today.

gg

 

[charlsie]

looking at the comsec 1 day chart, it shows 5 million shares being sold at the end of trade. I'll be interested to see what eventuates tomorrow, it just seems a rather large move.

 

[Garpal Gumnut]

looking at the comsec 1 day chart, it shows 5 million shares being sold at the end of trade. I'll be interested to see what eventuates tomorrow, it just seems a rather large move.

I just added up number after 4.00pm in course of sales to get my figure as it seemed to be chugging along when I checked earlier in the day. 600,000 crossed at 3:59:48. You are correct though 5m sold at end of day on Comsec charts.

Interesting.

gg

 

[frugal.rock]

It probably isn't if you are only here for the giggles.

Well, the giggles arrived today.

A Friday P & D special, or signs of what's to come.
If you had to put a short to medium term target guess on this one Tinhat, might I ask what it would be? Cheers.

 

[tech/a]

Funny you should bring this up
Small punt working out