ADO

5.00%

2.1¢ anteotech ltd

SP . Price movement, page-2496

First 2496 Last

Share
Profile

Follow
Charles89

4,995 Posts.

2157

10/06/21

11:28

Post #: 53764087
Share

Originally posted by rockclimber: ↑

In my opinion the recent drop in the share price has been the 'opportunists' who partook in the recent capital raise at 26c cashing in their 'free money'.
If this is the case why then did the price drop below the 26c?
In my opinion it was because this unexplained and unexpected sell off spooked the rest of us.
I for one thought that the company's usual 'announcement deficit syndrome' had finally triggered some sort of panic sell off. However after some deliberation I preferred this explanation (that the opportunists were cashing in) as the more likely explanation.
Whilst it is annoying that the opportunists have given the opportunity (no doubt unintentionally) to damage the share price, albeit only temporarily, which would not have happened if the whole of the capital raise had been by SPP ($37,000,000 worth of placements sought), it is somewhat of a relief, to me at least, that the storm will pass and we will be well rid of those who are not invested in the company's story and potential.
Mind you, I don't think that the company's announcement deficit syndrome helps. Perhaps it is a strategic decision to keep our activity close to our chest for commercial reasons, and if it is then I fully support it. After all we are up against some big players who would love to know what we are up to so they can play the 'spoiler' with any of our prospective deals.
But I think that some more frequent non sensitive progress reports would be appreciated by shareholders. Loyalty should be rewarded and more importantly, respected,and keeping all informed at this level on how their investment is being managed would show that respect.

Expand

I think you may well be right. Broker data from Monday, 2nd day of that big drop:

ADO Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

There are more pages in this discussion • 903 more messages in this thread...

First 2496 Last

Add ADO (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $51.83M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$8.864K	422.4K

Buyers (Bids)

No.	Vol.	Price($)
2	433287	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	413515	5

View Market Depth

No.	Vol.	Price($)
2	433287	0.021
12	2525018	0.020
9	3000136	0.019
11	1925665	0.018
6	250971	0.017

Price($)	Vol.	No.
0.022	413515	5
0.023	901461	6
0.024	1256228	3
0.025	195344	4
0.027	680612	2

Last trade - 15.59pm 05/07/2024 (20 minute delay)

ADO (ASX) Chart

SP . Price movement, page-2496

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SP . Price movement, page-2496

Top Stories

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News