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2.0¢ andromeda metals limited

10:1 consolidation Yay or Nay?, page-15

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williams11

6,767 Posts.

2233

27/02/21

12:36

Post #: 51385115
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Originally posted by Disclosure: ↑

Personally, I have not even a passing interest in a share consolidation; as the saying goes, “if it ain’t broke, don’t fix it”:

Furthermore, the company has an extensive list of things to make and do that all rank more highly in importance and relevance in the successful pursuit of its endeavours than share consolidation and, in my view, will continue to do so for many years to come. In other words, ADN is not yet at the stage of its development where it has either the time or resources to indulge in what arguably constitutes a change that is “cosmetic” rather than “substantive” in nature.

Lastly and by way of comparison / example - if over 3 billion shares on issue is good enough for FMG, then over circa 2 billion is good enough for ADN, as well as for me and I daresay everyone else for that matter:

As always this represents my personal commentary only. Very best to all.

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I might add that FMG’s share price was around $66 and was getting just too high for investors so they split it 10 to 1 eg $6.60, now past $24 again. No need to touch a share until you have to, and we do not .

Last edited by williams11: 27/02/21

ADN Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $62.20M

Open	High	Low	Value	Volume
2.1¢	2.1¢	2.0¢	$1.717K	85.84K

Buyers (Bids)

No.	Vol.	Price($)
6	2044249	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	504384	4

View Market Depth

No.	Vol.	Price($)
6	2044249	0.019
15	2608346	0.018
10	4569549	0.017
21	4340741	0.016
26	5133420	0.015

Price($)	Vol.	No.
0.020	504384	4
0.021	580469	11
0.022	2736835	7
0.023	503017	6
0.024	1211838	11

Last trade - 12.18pm 29/07/2024 (20 minute delay)

ADN (ASX) Chart