ADN 12.5% 0.7¢ andromeda metals limited

Ann: Project Funding Update, page-13

  1. 1,878 Posts.
    lightbulb Created with Sketch. 347
    I have always been intrigued with the fact that a company is required to submit an asx price sensitive announcement when they secure funding, which makes sense
    However not required to if the are declined/ fail (whatever word u chose) finance, which would also mean a party no longer connected to the company has all the inner details.
    Confidentially agreements would mean zero.
    I would guess several potential finance insto would have not been serious but instead enjoyed looking at the numbers and discretely sharing with a “friendly” party.
    All along retail gets played.
    It wouldn’t harm if ASX implemented a rule for sub xx million MC companies to have a retail representative on BOD.
    It would actually help companies …. If they were seriously trying to build value.

    Anyway GLA, go hard at AGM, which means pointy/ sharp precise questions not emotive ramblings.

    All the best , will keep eye on proceedings.
 
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