AnorTech Inc V.ANOR

Alternate Symbol(s): HUDRF

Metals & Mining Industrial Metals & Minerals

AnorTech Inc., formerly Hudson Resources Inc., is a Canada-based technology company. The Company is focused on the development of green technologies made from anorthosite (aluminum calcium silicate) rock. The Company is focused on three global markets: green alumina, CO2 free cement and concrete thermal energy storage systems. The Company owns 100% of the Gronne Bjerg Anorthosite project in Greenland, which is located southwest Greenland near the capital city of Nuuk. The Project hosts a quality anorthosite (calcium aluminum silicate) body. The Company also has a 5% carried interest on the Sarfartoq rare earth element project in Greenland, partnered with Neo North Star Resources. The Sarfartoq carbonatite project hosts an advanced rare earth element project rich in neodymium and praseodymium.

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AnorTech Inc

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Post by Hideawayon May 17, 2016 9:49am

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Post# 24880376

Next MD&A

The following excerpt is from the last MD &A filed with SEDAR on Feb 23,2016:

"Since the previous update provided in the Company’s MD&A report dated November 30, 2015 in respect of the Company’s interim financial statements for the six month period ended September 30, 2015, Hudson has continued to advance the White Mountain anorthosite project towards development.

The Company’s main focus has been on securing the capital required to undertake construction of the project in 2016. Hudson has reviewed a number of proposals. Several have been rejected as being too onerous to the Company. Positive discussions are ongoing with a number of groups with regard to financing and Hudson will make an announcement once a final decision has been reached.

The Company is in advanced discussions with numerous parties with respect to securing additional off-take agreements in the fibreglass and paints and polymers industries.

Hudson has also engaged Sedgman Canada Limited to complete the process flowsheet, layouts and capital estimates in preparation for construction."

It will be interesting and, hopefully, informative to read the next MD &A due to be released on SEDAR in a week or so.
The comment that they were in "advanced discussions" to secure additional off-takes with "numerous parties" was particularly noted and would appear to indicate the early conclusion of one or more agreements with companies in the coatings and filler industry.Since the MD &A was for the period ending Dec.31st,2015, Jamie will have had at least five months to conclude a deal for another off-take which was,quote, in "advanced discussions" more than five months ago.

There is so much information that shareholders are lacking that it is becoming more difficult daily to continue holding a position in this Company.If we do not receive a detailed update before month's end, I,for one, will be re-evaluating my investment in HUD. There are just too many other good investment opportunities which have detailed information on their activities avaiable for shareholders than to continue holding a company based on hope and emotions with little promotion.
GLTA