ADN 0.00% 1.6¢ andromeda metals limited

General comments/chat, page-32044

  1. 11,249 Posts.
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    Sharesight may post an article on how to handle this to their blog. They have done this in the past for other demergers and mergers (they include a proviso that professional tax advice is sought).

    I may decide to sell my Demetallica holding at some point post-IPO. I need to see how Demetallica plans materialise for moving some of these assets towards development. We may get better insights into timelines for this once the IPO documentation is available.

    I'm planning to gradually trim my post-merger personal holding of ADN by 10% to 20% over a 12-18 month period. For me this balances capture of upside as ADN progress into production with some profit-taking and spreads my tax burden across a number of financial years. Plan is to use of some of my capital for home/property improvements.

    I'd still like to invest some of the funds in one of my Super accounts into ADN after ASX300 entry (September at the earliest if market sufficiently re-rates ADN). Would trim some of my existing dividend holdings. I already have an ADN holding in my SMSF.
 
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