ADN CHART, page-4069

Bit of chatter over in General Comments about the price drops of late so thought I'd do a comparison and now ramble...

Just a simple chart looking at ADN, MEP, LRS, SUV to illustrate the climb and retrace before looking towards our next major James Marsh announcement for the entire Kaolin industry (yes more than Kaolin) to get a pump up again.


I wanted to include WAK on this but it skewed the increases for the others so thought i'd also include the highs/lows from 23/11/20 - 3/12/20.

ADN: High: 36.5 / Low: 24.0 / Difference: -34.25%
MEP: High: 24.0 / Low: 15.0 / Difference: -37.50%
LRS: High: 4.3 / Low: 3.4 / Difference: -20.93%
SUV: High: 19.0 / Low: 14.0 / Difference: -26.32%
WAK:High: 32.5 / Low: 20.5 / Difference: -36.92% (WAK IPO on 26/11 at 28c open)

My original ADN entry targeted 7-8c going off the expected chart pull back comments when the SP was around 9-10c in mid Sep.
The pullback never happened and so I settled for paying the asking at 13.5c in late October as my entry.

I topped up again before the AGM and over the last 2 weeks. Each buy I've been pleased knowing it's discounted from the 36.5c top and daily highs, but I didn't want to miss out in case it shot into 40's whenever the next major announcement drops. Small change to some but I'm hopeful this grows to be something significant that I can further leverage off into the future for other assets.

I thought about trying to trade the early gains but what's the point if I pay full CGT and it moves on me and I end up paying more with less shares. I'm sure my inexperience here would leave me looking like a fool trying to time the market. I do believe time in market will win out in the end.

I might not have the brilliant fundamental analysis skills like our favourite animals here, but I sure can sit back, do nothing and simply let this grow old & fat like I plan to when enjoying the future spoils!

There's always going to be what if's in life and other's who have more, so instead focusyour mind on what you have and canachieve!