ADN 0.00% 0.7¢ andromeda metals limited

General comments/chat, page-36329

  1. 3,039 Posts.
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    I've been saying exactly the same thing!

    I'm still scratching my head trying to understand how ADN were benchmarked against companies like Bellevue Gold and Red 5? How were they considered as 'peers'??

    BGL has a MC of @ $800 million and RED has a MC of @ $441 million and both are gold producers.

    Hastings Technology Metals at least is pursuing rare earths. But ADN has only scratched the surface in relation to rare earths and is certainly not its primary focus. HAS also has a MC of @ $462 million.

    ADN should, in my opinion, have been far more reserved in this years remuneration considering their failure on many fronts and the misinformation put out to shareholders.


 
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