I agree consolidation is largely a cosmetic action.
Have been through a number over the years and mostly relating to micro/small caps looking to gain greater market exposure and ability to attract capital. Rarely have I seen it produce any long term benefits. Splits are a very different matter.
Consolidation changes absolutely nothing about the fundamental structure of the company or its ability to complete its exploration or projects.
Andromeda have a team that will see it produce as promised. If we were three to four years away from potential production and mostly unknown to the market I might say yes ?
But for me it is a definite no.
I agree consolidation is largely a cosmetic action.Have been...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $59.58K | 3.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 18607067 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 7568607 | 10 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |