Andromeda Metals (ADN) - Halloysite-Kaolin Can Make Investors Money

June 9, 2020

Interview with James Marsh, Managing Director of Andromeda Metals (ASX:ADN)

Andromeda Metals used to be a copper-gold explorer in the form of Adelaide Resources. It is based in Adelaide, South Australia. The company's focus is on producing high-grade halloysite-kaolin on a global scale. Halloysite-kaolin is a small, niche space, but has important applications in medical, cosmetics, and paints industries.

Andromeda Metals is cashed up but is struggling to market itself effectively. It released a PFS last week, and the share price fell. The numbers were strong, so is this a reflection of the mostly retail shareholder registry? We talk through Marsh's plans for the rest of 2020 and beyond, as he looks towards hopeful production in early 2022.  

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