ADN CHART, page-3801

Iam sorry i've never known a fund not to get involved because a company has options (listed or unlisted) on issue. Fund managers easily understand the fully diluted market cap / valuation of a company. If anything having listed options potentially provides a higher level of liquidity on market, which is only of benefit for a fund looking to build a position.

They are more likely to get involved once the company releases the DFS which gives fund managers a higher level of confidence around the economics of the project and pathway to production.

Some fund managers are prepared to take risk well before such documentation is released. One only has to look at Lowell Resources Fund who held a sizeable position in ADN from the sub 1c days and cashed in on the run up to 8c.

I've heard they are very much still interested in ADN, as to if they will make there way back onto the register at nearly 4x their exit price is anyone's guess?

BTW can we move this chat back to the general comments thread and leave this for the pretty pictures only.

Thanks in advance