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How Does Andromeda Metals Plan to Use the R&D Tax Refund to Advance the Business? — ASX:ADN| ASX Mining News & Discussion
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Lykeshares Official
$ADN How Does Andromeda Metals Plan to Use the R&D Tax Refund to Advance the Business?
Andromeda Metals Secures $3.1 Million R&D Tax Refund Boosting The Great White Project

Andromeda Metals Limited, a company listed on the Australian Securities Exchange (ASX: ADN), has announced a substantial financial milestone, receiving a $3.1 million tax refund. This refund, awarded by the Australian Taxation Office (ATO), acknowledges the company's research and development efforts during the 2023 financial year (FY23).

The Impact of R&D Incentives

The refund, rooted in R&D incentives, is a testament to Andromeda's commitment to leveraging the high-quality kaolin from its flagship Great White Project. These efforts are not just about resource extraction but also about developing innovative products tailored for high-value market segments.

CEO's Vision for Andromeda's Future

Bob Katsiouleris, the CEO and Managing Director of Andromeda, expressed his satisfaction with the full claim received from the application. He highlighted the company's ongoing progress toward a final investment decision, aiming to establish a new industry and maximize the long-term value and ...
How Does Andromeda Metals Plan to Use the R&D Tax Refund to Advance the Business?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?