ADV 8.33% 13.0¢ ardiden ltd

further falls...., page-57

  1. 10,386 Posts.
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    The reality is I prefer Boyle doing what he is doing now than the constant presentations to appease retailers. What will stabilise the SP of ADV is successful exploration results of substance, not headlines of success and a plan to develop the projects then set in place. Otherwise the interest will only be a transient one where the announcements are used to P n D. We see this in all explorers - ADV is not immune to the depressed SP on poor volumes. Whether it is stop loss triggered or suppression, there is also minimal buying or support for the stock at this stage. So a good round of results which go beyond a sensational headline is critical after which some plans to develop this project.
    At thi stage I would personally prefer Brad boyle to focus on the projects and business at hand as in reality, unless he decides to buy in massive volume then keep buying at a set level, there is nothing he can physically do about the SP. So we will be in for a rollercoaster ride. We have seen this in all graphite stocks - the initial hype then the settling down and as the companies progress the projects a rerate occurs hence we see stocks like BKT, FGR, MNS, KNL all start moving up.
 
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Last
13.0¢
Change
0.010(8.33%)
Mkt cap ! $8.127M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $6.118K 47.06K

Buyers (Bids)

No. Vol. Price($)
1 41666 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 17366 2
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Last trade - 12.27pm 16/08/2024 (20 minute delay) ?
ADV (ASX) Chart
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