I see ADN as a possible takeover target. Research reports have ADN in the teens and with the new DFS and BOA's those figures should be revised and higher. I believe debt funding is a given, cornerstone investors and strategic partners such as Hallet Group going forward will prevail.
The stock is way oversold and manipulated through shorting. ADN should see a major correction as the above comes to fruition. ADN is a near producer and close to the surface product that is in a AAA location. The other ADN heading of ADN Capital Raising from a non holder doing one post is so ridiculous. I am expecting ADN to jump like IMU and hurt shorters in a similar fashion.
I am not posting under that heading. To say I would sell because they are doing a cap raise is garbage. Not happening now, as Binding Offtakes with favourable terms and extra orders will assist an upgrade to first stage capacity as a priority. Then Debt and Cornerstones. 70M market cap is a steel, check out the expert valuations and we could see smart money make buying and a possible takeover. DYOR.
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $27.42M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $3.825K | 537.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
63 | 23701100 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 6161168 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
63 | 23701100 | 0.007 |
36 | 9189488 | 0.006 |
18 | 12416199 | 0.005 |
4 | 7300000 | 0.004 |
4 | 8835000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6161168 | 11 |
0.009 | 14500545 | 26 |
0.010 | 7288607 | 10 |
0.011 | 27176522 | 6 |
0.012 | 28884699 | 4 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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ADN (ASX) Chart |