Cl🅰️y

Ex Teacher turned Investor
$ASTS $ADUR

[Cl🅰️y @ClayMaterials]

Why $ASTS and $ADUR make up 95% of my portfolio.
Both these companies have a lot of similar qualities that give me extremely high conviction:

- Founder Led: Abel Avellan and Ofer Vicus both have decades of experience and still own a massive portion of the company. Neither has sold a single share since their company began

- Elite Management Team: Both teams are clearly goal oriented and are incredibly competent. The pull that ASTS has, to bring in extremely experienced individuals from legacy companies, despite being a "startup" is nothing short of incredible

- Minimal Insider Selling: Marginal sales over the years despite enormous run ups since IPO debut

- Large Insider Buying: Insiders know better than anyone on the outside how the company is doing. When they keep buying shares, they know what's coming

- Huge Patented Tech Advantage: Nobody can do what these companies can today. Every competitor is many years away at best and will have to traverse the minefield of patents these companies have acquired over the years

- Platform Technology: I'll talk about this more in another post but both techs are more than meets the eye. Both enable enormous markets and TAMs that 5m of DD won't cover for the average onlooker

- Trending Theme: Space more so than recycling right now with the SpaceX IPO around the corner but recycling is slowly becoming a bigger deal especially in Europe with PPWR and Mass Balance Rules

- Multiple Verticals for Income: ASTS is satellite communications, and many government defence applications. Aduro has plastic recycling as the main vertical but also Oil Upgrading (HBU) and Renewable Oil recycling. This points back towards the Platform Technology point

- Incredible Economics: Subscription based revenue with extremely high margins is the dream for any balance sheet

- Purpose Built for Partners/Customer: A big reason they will both succeed is because both can seamlessly integrate into their partners ecosystem. ASTS allows Mobile Network Operators (MNO's) to keep sovereignty and data rights with their customers without changing any internal architecture. Aduro plants can be specially built per customer and the naphtha product feeds directly into steam crackers with minimal or no post treatment

- Small Market Cap: Relative to the potential I believe these companies could have in the next 5+ years, these market caps are incredibly small and the rerating potential is enormous if they can achieve, even a fraction, of what they're promising

[Cl🅰️y @ClayMaterials]

@Amateur_Inv Four day operation times 👀

[Cl🅰️y @ClayMaterials]

$ADUR
Paraffinic oil is only the tip of the iceberg. A platform technology like this will keep gaining new verticals

[Cl🅰️y @ClayMaterials]

The market sees $ADUR as a recycling company because they handle Plastics + Bitumen and Renewable Oils (which most still don't know about yet).

But what they’re actually doing is breaking the bonds of carbon chains without destroying it and producing high purity hydrocarbons from it. Aduro is a molecular engineering platform, which opens up the door to a lot of possibilities.

Ofer has said that the few verticals they've discussed publicly could be individual companies in themselves. As the technology is further tested, more verticals will be announced.

What kind of verticals? I don't know and there are people much smarter than me that can work it out. But you don't need to be a genius to see the 'platform' that this tech offers to the world and the opportunities to recycle Carbon Chains is enormous.

3/4 🧵

[Cl🅰️y @ClayMaterials]

Who would have guessed they could recycle wax? $ADUR is a platform technology

[Makingmoneynow @makingmoneynow1]

Long $ADUR Aduro just quietly opened a third revenue vertical. The market hasn't priced this yet. Filed a CIP patent with the USPTO today, extending Hydrochemolytic™ Technology (HCT) to highly paraffinic crude oils. : https://t.co/Mu38lLLHZR
Bench-scale testing of Uinta Basin "yellow wax" and "black wax" feedstocks produced lighter crude with reduced wax content, stable at ambient conditions. No more heated railcars. No insulated storage. No steam offloading. Here's what nobody is talking about:→ Paraffinic crudes = 20-33% of global crude production (~16-27 million barrels/day)
→ Roughly a third of unconventional oil reserves globally carry waxy/paraffinic characteristics locked out of premium markets by transport economics alone
→ These barrels are inherently premium: low sulphur, low metals, high cetane diesel, top-tier FCC and lube base oil performance
→ The only reason they trade at a discount is logistics. HCT removes the logistics bottleneck. That's a structural value unlock. Now overlay Trump's Executive Order 14154, "Unleashing American Energy," and the National Energy Dominance Council. US crude production already at record 13.6M bpd. Uinta Basin ran 185k bpd in 2025, one of the fastest-growing paraffinic regions in North America. The administration's mandate is maximum production, streamlined permitting, and expanded market access for domestic barrels.
Aduro's technology sits directly in that lane.
Third validated HCT application: bitumen upgrading, plastic recycling, and now paraffinic crude. Same water-based chemistry. Same moderate conditions.
The platform technology thesis is no longer theoretical; it's compounding.
Analyst coverage already anchored on the platform thesis: H.C. Wainwright $22, D. Boral Capital Buy $46-50, Ladenburg Thalmann Buy $19.Every new application validated strengthens the IP moat, widens the TAM, and expands the partner universe.
Not financial advice. Do your own due diligence. I hold $ADUR

[Cl🅰️y @ClayMaterials]

This drop in $ASTS will end up being a generational buying opportunity. How low we go now though is yet to be seen

[Tut C🅰️pital @kingtutcap]

$ASTS: Feels like sentiment is the worst it’s been since the stock was at $2.

Let’s put things into perspective. The company lost one satellite (out of an entire constellation) due to a launch provider failure that had nothing to do with them.

And yes, there are production delays. That’s been the story since they went public. I mean, Blue Origin has some of the best engineers in the world and Bezos’ Amex Black card behind them, yet they’re perpetually delayed and still haven’t perfected the tech as proven today.

For me, the biggest core component of my $ASTS thesis is the technology working as promised, and so far the company has delivered above and beyond on that as per 50+ MNOs (and more keep signing on) + the U.S. Government.

Fundamentals are the best they’ve ever been. Balance sheet is the strongest it’s ever been. The constellation is still going up.

We roll.

[Cl🅰️y @ClayMaterials]

When we build new civilisations in space, circular recycling will be ESSENTIAL for optimal survival

$ADUR can slot right into our current circular recycling ecosystem without heavy post treatment costs, expensive materials or high energy demand

[Philip Johnston @PhilipJohnston]

Chamath is right. “It’s the beginning, of the beginning, of the beginning” of the space industry.
@chamath

[Cl🅰️y @ClayMaterials]

The biggest hurdle for $ADUR is proving they're different from the rest

The market is littered with the carcasses of 'Advanced Recycling' companies that promised the world and delivered nothing. Historically, these companies relied on high heat, energy intensive processes, like legacy Pyrolysis, or could only operate in extremely niche markets. They were plagued by low yields, high contamination sensitivity, and massive CAPEX requirements

This recycling PTSD is likely why the market cap is still so low on $ADUR despite the technical milestones we've seen in the past 6 months like the Shell Game Changer graduation, LOI with a Steam Cracker, MoU for a licensing package

The market sees $ADUR as another pre revenue gamble, but that changes the moment the Next Generation Process (NGP) Pilot Plant campaign numbers get announced. People can begin to do the hard maths and that's when I believe this story gets picked up more by institutions/green investors/analysts etc

[Cl🅰️y @ClayMaterials]

@jusbar23 Just a coincidence I guess

[Cl🅰️y @ClayMaterials]

@PeteThePaper @makingmoneynow1 This would be huge!

[Cl🅰️y @ClayMaterials]

$ASTS and $ADUR are both 'Platform Technologies'

In investing, the biggest mistake people make is valuing a company based on their product instead of their core capabilities. Not too long ago $NVDA was seen as just a gaming GPU company. Today it's the most valuable company in the world because people realised what they actually sell is high performance matrix multiplications that enable AI deep learning, AI agents, greater data center capacity, autonomous vehicles and robots etc.

Nvidia became more than their product line as they quickly became recognised for their 'Platform Technology' that allowed new verticals to be born.

I believe both ASTS and Aduro are being similarly misunderstood

1/4🧵⬇️

[Cl🅰️y @ClayMaterials]

@Steven179222 Well put

[Cl🅰️y @ClayMaterials]

I don't know how much technology like this is worth, but I'm betting my money that it will be worth a lot in the future. The power to globally scale should not be underestimated.

I'm not saying $ASTS and $ADUR are the next $NVDA, but I'm highlighting how quickly and aggressively a company can rerate once the market realises what their actual potential is, that their technology is a 'platform' for new global opportunities

4/4 🧵

[Cl🅰️y @ClayMaterials]

The market sees $ADUR as a recycling company because they handle Plastics + Bitumen and Renewable Oils (which most still don't know about yet).

But what they’re actually doing is breaking the bonds of carbon chains without destroying it and producing high purity hydrocarbons from it. Aduro is a molecular engineering platform, which opens up the door to a lot of possibilities.

Ofer has said that the few verticals they've discussed publicly could be individual companies in themselves. As the technology is further tested, more verticals will be announced.

What kind of verticals? I don't know and there are people much smarter than me that can work it out. But you don't need to be a genius to see the 'platform' that this tech offers to the world and the opportunities to recycle Carbon Chains is enormous.

3/4 🧵

[Cl🅰️y @ClayMaterials]

Interesting that $ASTS is filing for the same spectrum bands used by T Mobile $TMUS

Just so happens that the exclusivity deal with T Mobile and Starlink is also set to end this summer. Maybe just a coincidence...

[C🅰️tSE @CatSE___ApeX___]

EBS NJ, 2569.91, emphasis on 69, is also operated by:

T-Mobile USA 🇺🇸

As an $ASTS investor (or short) you might want to ask yourself why the FCC files pre-coordination filings with the ITU on behalf of $ASTS for 4 T-Mobile USA bands.

What might come of that, later.

🐾

8/8

[Cl🅰️y @ClayMaterials]

@endurancetest I wish they paid me

[Cl🅰️y @ClayMaterials]

$ADUR is purpose built for their customers, they're not just any recycling company