Stock: ADN
83M shares + A$5.5M cash after this qtr spend
EV~A$5.5M @ 13c.
Sector: Gold exploration
Sent: short term buy
Why: Possible release of drill results in next few weeks could have material effect on sp, breakout from trading range, volume pattern, visual confirmation of potential mineralisation over 80m.
TA Target: 18-20c.
Risk: Small cap, liquidity, gold copper is not present in significant quantities, and general market.
Other:
Magnetite hosted mineralisation is similar to high grade results returned by WGR in other leases next to ADN, big unknown is how much gold is associated with copper.
....DYOR, this is a high risk high reward play....
breakout alert
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.5¢ | $797.4K | 49.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2397883 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2031381 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |