Last cashflow report ... $1.3M in bank.
$390M planned spend for June quarter.
Maybe not yet. I wouldn't envisage significant spending in the September Quarter either. I would envisage they could get some traction on the below highlighted activities over the 3-6 months from June without expensive on-ground works:
Farm-in from Minotaur is $6m over up to 5 years.
I'd personally like to see the work (and that farm-in spend) accelerated. From what I have seen there is significant history underlying the project. May interpretation is that it has been a sleeper project just waiting for market economics to make a significant shift ( which they have ). This chart is from an ATC preso:
Ann: Andromeda Metals to enter HPA sector and management changes, page-31
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0.8¢ |
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Mkt cap ! $27.42M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $34.74K | 4.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 31209136 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 633758 | 2 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |