ADN 25.0% 1.2¢ andromeda metals limited

Scoping Study / JORC Mineral Resource / Feasibility Studies / Permits, page-21

  1. 11,249 Posts.
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    Thanks everyone for the comments.

    If I can help people understand what the company is doing then it helps the company (and my investment) in the long wrong. I try to do that in a balanced way (a reason I post assumptions - people can throw stones at them).

    Andromeda have a great opportunity to build an unusually strong business not burdened by debt. I also think they can become a significant employer in their local economy and this is something I would like to see. There is limited opportunity in many small towns so it would be good to see one small part of the country get a boost.

    Unfortunately we have excessive churn in the market for short-term gains but I wonder how much stronger our economy would be if the shackles of churn were removed from good companies. I personally think the CGT discount measures aren't enough to encourage long term investment. It's also not a level playing field with the manipulative practices that occur (particularly small value trades that down-tick the price).
 
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Last
1.2¢
Change
-0.004(25.0%)
Mkt cap ! $37.32M
Open High Low Value Volume
1.2¢ 1.3¢ 1.1¢ $428.6K 35.87M

Buyers (Bids)

No. Vol. Price($)
15 4187079 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 2602727 10
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