ADN 4.55% 2.3¢ andromeda metals limited

General comments/chat, page-41746

  1. 1,771 Posts.
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    It'll probably gravitate to 2c simply because a $60mln mkt cap for a low quality Kaolin deposit in the middle of nowhere, with no money to process it.

    As for shipping it to Europe for concrete to save carbon emissions....lol....and savings are eaten up in the transport.

    Now if they had a deposit a few hours drive from major concrete companies here in Australia....that would be a different thing. But they're in the middle of nowhere, and processing and transport costs will kill them.
    I wonder what price ADN will be selling their processed Kaolin for? Multiply that by 8,000 tonnes and then look at the market cap!!!!
 
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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

Buyers (Bids)

No. Vol. Price($)
2 174773 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 924651 8
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