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0.8¢ andromeda metals limited

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Portela1

1,273 Posts.

79

10/06/22

14:18

Post #: 61942979
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Originally posted by jasmur: ↑

Hello fellow Andromadarians,

I may be throwing myself to the wolves here. Like some I totally misread the expected SP movement pre the DFS. I spent up on ADN shares and now find myself nearly 60% down and six figures in the defecit with my total ADN investment. In my socio economic strata that is an enormous loss should I need to sell. I am ultimately responsible for my buying decisions and take full responsibility for them.

I do understand the possibilities and potential for ADN's product. At least I think I do. That is why I invested heavily in the first place, commencing mid last year. Unfortunately I am not now in a position to invest a great deal at these greatly lower prices to reduce my average, due to some current life realities. I like to believe ADN will eventually bounce back and thrive, though am now finding myself being somewhat despondent and uncertain. Apologies if this comes across as a whinge.

Should I just park my ADN shares for 2-3 years and stop looking to often?

Sincerely, jasmur

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I understand your position but the company fundamentals have not changed post DFS even if the market has. Hang tight, ADN is going into production so need to be realistic with your timelines with 2-3 years a minimum.

ADN Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $27.14M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.8¢	$19.90K	2.304M

Buyers (Bids)

No.	Vol.	Price($)
37	14679959	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	15495976	20

View Market Depth

No.	Vol.	Price($)
37	14679959	0.008
63	29725441	0.007
48	21099489	0.006
22	15077789	0.005
7	8025000	0.004

Price($)	Vol.	No.
0.009	15495976	20
0.010	10644677	16
0.011	27396522	9
0.012	30095921	8
0.013	2380111	4

Last trade - 16.10pm 08/10/2024 (20 minute delay)

ADN (ASX) Chart