ADN 0.00% 1.7¢ andromeda metals limited

General comments/chat, page-17337

  1. 204 Posts.
    lightbulb Created with Sketch. 333
    Many people don't understand how valuable a low risk mining project investment is.

    Mining projects are quite complex. Often have very high CAPEX, take at least 3 years to construct and take at least 3 years of operations to pay off debt.

    ADN have a very low CAPEX project, will be starting operations on-site early 2022 and have a fast payback. These factors add value to the company.

    Their business model is actually quite easy to understand, which is important for institutional investors who often do not have a mining background.

    Best of all - they'll be able to move to a self-funded growth phase very quickly when compared to the majority of mining companies.

    Investors (with a 2+ year foresight) could easily be starting to look at this and think it's quite cheap considering the future upside and low risk.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
0.000(0.00%)
Mkt cap ! $52.87M
Open High Low Value Volume
1.7¢ 1.7¢ 1.6¢ $2.139K 129.3K

Buyers (Bids)

No. Vol. Price($)
15 1009118 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 2695345 5
View Market Depth
Last trade - 16.10pm 13/08/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.