Andean is a good example of how a takeover can add real value to shareholders. The $6.5 offer was when Andean was trading at $3.30 or so. Strangly enough I sold my shares at $7.06 as the price kept rising as specualtors were hoping fro a counter offer. The takeover was ot of the blue.
As much as I hate to say it, Meerkat (pure downramper on here) is right, Its nice getting excited and dreaming but its all vapour till we get the assays.
IMO the confidence of Peter does indicate a positive outcome form the assays, the question int he firts batch is how much and over what lengths.
Whether we are overpriced the market will decide, though a conitiunal flow of assays from now till Christmas will definitely build confidence int he market and get FNT rerated. The first target I'm looking at is 45c and get my second 10 bagger. The first being strangly Andean ;)
andewa project update, page-44
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $9.778K | 3.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 41662685 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3439755 | 5 |
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| Last trade - 11.30am 23/08/2024 (20 minute delay) ? |
| LNR (ASX) Chart |