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0.8¢ andromeda metals limited

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TheEndTimes

1,557 Posts.

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28/02/23

12:36

Post #: 66510089
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Originally posted by whiffo001: ↑

G'Day Michelred,

I guess you are referring to historic lows to base your prediction of fair value at 0.03.

2016 to 2019 low 0.01

March 2020 low 0.03

Currently ADN is tracking the SMA low of 0.04 of May 2020.

The latest 6 monthly trend is upwards from lows of 0.039, 0.041 and recently 0.042.

I see mega external factors in play as well as company fundamentals. Both counter to each other.

All negatives: Not many positives. All macro-cyclic. All self-evident.

1.Global interest rate increases slowly choking off liquidity.

2. Global regional tensions and wars.

3. Major weather and seismic events.

4. Global energy, water and protein issues.

5. Global weather, climate events and trends.

6. Inflation, stagflation, whatever, people are struggling to pay mortgages, bills and food prices are increasing, etc.

7, SA Govt growing interest in critical minerals. A positive among the negatives.

Company fundamentals: (mixed, not clear strategies)

1. Resource has not changed, will get bigger with drilling.
2. Product mix, evolving, organic, will improve with sales history.
3. Environmental approval, Start of mining. Highly likely this quarter.
4. Capital structure, if managed well will improve with sales off-takes.
5. EPS, low to start with, may surprise to the upside with new value added products.
6, Growing interest in CCS.
7. REM, Gold, other critical minerals.

Share holders are frustrated with mgmt, delays, etc.

Next 12 months looking better than past 12 months.

Agree if it hits 0.03 buy. Dont believe it will unless Black Swan.

GLTAH

Expand

next 12 months will not be better than previous 12 as far as sp is concerned.not possible.development / construction phase is always unloved

ADN Price at posting: 4.4¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change -0.001(5.88%)		Mkt cap ! $27.14M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.8¢	$10.17K	1.150M

Buyers (Bids)

No.	Vol.	Price($)
49	14954233	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	18530586	22

View Market Depth

No.	Vol.	Price($)
49	14954233	0.008
60	32471369	0.007
38	17839490	0.006
17	13521000	0.005
5	7400000	0.004

Price($)	Vol.	No.
0.009	18530586	22
0.010	10364677	14
0.011	27346522	8
0.012	30045921	7
0.013	2310111	3

Last trade - 14.32pm 11/10/2024 (20 minute delay)

ADN (ASX) Chart

General comments/chat, page-37686

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tonight's US CPI data could set the tone for November. What are markets expecting?

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

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General comments/chat, page-37686

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Tonight's US CPI data could set the tone for November. What are markets expecting?

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News