I just think there way too much focus on shorters and they are the reasons why the SP is where it is.
Anyone who's realistic knew that ADN was way overpriced at 40c. It's not the first stock to skyrocket without fundementals, especially in the pandemic/reddit era.
It was always going to crash back to earth.
It's an industry that many don't fully understand and aren't fully able to join the dots. With the likes of gold and copper its much easier.
With what's happened the last 12 months it will just mean it will take quality concrete (no pun) announcements for the SP to move.
Mining License and DFS the 2 big ones.
The lack of patience isn't necessarily about ADN because they pretty much delivered on every promise, it's about the holder feeling like they are missing out on other opportunities in the market such as Lithium, Gold or Biotech.
James and co are trying to create a 20+ years business and most of us are looking at this stock every 20mins hoping for it to takeoff.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $27.99M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 0.9¢ | $564.0K | 60.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3996555 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 25407916 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 3996555 | 0.009 |
48 | 19249920 | 0.008 |
14 | 8982570 | 0.007 |
8 | 6915000 | 0.006 |
6 | 7100000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 25407916 | 18 |
0.011 | 23506714 | 19 |
0.012 | 28197099 | 15 |
0.013 | 2841801 | 11 |
0.014 | 2114645 | 5 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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ADN (ASX) Chart |