It'll probably gravitate to 2c simply because a $60mln mkt cap for a low quality Kaolin deposit in the middle of nowhere, with no money to process it.
As for shipping it to Europe for concrete to save carbon emissions....lol....and savings are eaten up in the transport.
Now if they had a deposit a few hours drive from major concrete companies here in Australia....that would be a different thing. But they're in the middle of nowhere, and processing and transport costs will kill them.
I wonder what price ADN will be selling their processed Kaolin for? Multiply that by 8,000 tonnes and then look at the market cap!!!!
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Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $71.53M |
Open | High | Low | Value | Volume |
2.2¢ | 2.4¢ | 2.1¢ | $440.2K | 19.15M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 174773 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 924651 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 174773 | 0.023 |
5 | 2617112 | 0.022 |
13 | 1770504 | 0.021 |
14 | 2090500 | 0.020 |
9 | 2775000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 924651 | 8 |
0.025 | 3674548 | 17 |
0.026 | 2482323 | 12 |
0.027 | 473000 | 6 |
0.028 | 850000 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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ADN (ASX) Chart |