ADN
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6.25% 1.7¢ andromeda metals limited

Ann: Fully underwritten Rights Issue to raise $1.4 million, page-19

  1. Tibbs
    12,454 Posts.
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    09/11/17
    17:05
    Post #: 28654308
    You know, the price of a stock generally falls when it goes ex_entitlement. That is why people might hold off. But this SPP is very generous. You get one share for every two, AND a free option that will trade at around .004

    So it should be quite a profitable exercise. But we also have an x-factor in the Pilbara leases. If the company releases some news on the due diligence on the new Pilbara gold leases, then it could quickly move upward.

    Pretty exciting little play into the sector IMO
    ADN Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
1.7¢ 		Change
0.001(6.25%) 		Mkt cap ! $52.87M
Open High Low Value Volume
1.6¢ 1.7¢ 1.5¢ $56.04K 3.534M

Buyers (Bids)

No. Vol. Price($)
3 67044 1.6¢
 

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Price($) Vol. No.
1.7¢ 2945887 9
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