ADN 6.25% 1.7¢ andromeda metals limited

General comments/chat, page-32746

  1. 1,121 Posts.
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    Hi egosbar!!

    Having them called in would help in the short term, but at this stage I still don't know why they haven't covered. Obviously they still see more downside and are happy to help it along its way, but does the reward justify the risk.

    Regardless of whether the fund lending to shorters is managed or index, if they are not prepared to fully support their investment they should stay out. To me it's hypocritical to invest in a company then undermine it by lending to shorters.

    It's fairly obvious that a CR is the last option and there are other ways to raise funds. ADN could do another SPP: you can do one in any 12 month period apparently so they could do another after July but I'm not sure it would be met with the same enthusiasm. Chasing the Governments, State and Federal, for a loan or grant is another option. Maybe a cashed up individual would like to participate but that would result in some dilution.

    Another possibility is getting a downpayment from a customer, secured by a Bank Guarantee of course, but I would consider that highly unlikely.

    Hopefully, the good news starts rolling in soon.

    Cheers
    Last edited by SSPPMM: 20/04/22
 
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