ADN 4.55% 2.3¢ andromeda metals limited

General comments/chat, page-34393

  1. 1,692 Posts.
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    Thought it appropriate to copy below from a poster on another speccy stock I follow.

    " If you are going to play ball in this game, what i have learnt is that your short term expectations are practically irrelevant. No matter how much Fundamental (or technical analysis) you put together to justify why the product is under or over priced, if the market "likes the stock" it wont reach your view of reality and you will end up with a loss (or miss out on gains) when you sell early and then end up posting somewhat outlandish posts on a message board of a stock you dont own.With that in mind my approach has been to ask myself the following questions:

    1. Is it a scam?
    2. is management a basket of degenerates?
    3. Is the commodity over saturated with suppliers?
    4. Will they produce at an excessively high cost?
    5. Is the jurisdictional risk high?
    6. Is the company short on cash ? "

    In these darker moments I think its helpful to remind ourselves why we invested in this company in the first place. I have always had the investing time frame of post production to sell. That timeline, whilst extended, has not changed.
    Playing the patient game can be tough at times.
 
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Last
2.3¢
Change
0.001(4.55%)
Mkt cap ! $71.53M
Open High Low Value Volume
2.2¢ 2.4¢ 2.1¢ $440.2K 19.15M

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No. Vol. Price($)
2 174773 2.3¢
 

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Price($) Vol. No.
2.4¢ 924651 8
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Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
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