ADN 0.00% 0.8¢ andromeda metals limited

HIGH RISK OF TAKEOVER

  1. 225 Posts.
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    Imagine adding another billion shares to the register by raising $90m at 9c a share (assuming that would be the price the sophisticated investor gets)?

    hoping the share price climbs before we get to that point.
  2. 2,033 Posts.
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    Blake I think the question should be
    Who is going to buy a heap of ADN on market?
    I see one or two of the following mega companies buying on market for a strategic stake -
    Is it BASF, Imerys, KaMin LLC, Sibelco or one of the largest concrete companies in the world?
    Or is it the shorters buying back their 67 million shorts?
    It would be a very smart move for any of these mega companies to pick up 5% on market and become a sub holder. Would be a great investment, and force the shorters to buy back. They would make multiple returns on their investment as well as perhaps get a seat on the board.
 
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