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1.7¢ andromeda metals limited

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VillaBoy

778 Posts.

177

19/05/21

09:02

Post #: 53266520
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Originally posted by Jdmoney: ↑

Will you sell the moment they give their first dividend? Or you're waiting til dividend and sit pretty until you decide to sell down a portion?

i find that statement difficult to determine sentiment. Ideally, I'd like to hold and receive dividends, but is the belief that once they pay dividend, the SP will be significant? dividend at the start will be different to dividend down the track, as blue sky may not be realised until further down the track from first dividend.

i have a piddly amount. 260k.

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I've sold a few since the new year. Originally held 3.4m so took some profits.

The 3m left owe me about $50k which in time I think will produce a dividend stream of $60k to $90k pa. In my mind this will support a share price of around 75c. Base case scenario on GW only.

Given the scale of the total resource, 100 year + LOM and upside of the other applications I'm content to hold and would only change that view if fundamentals changed.

VTID

ADN Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
16 Upvote

1 Great analysis

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(20min delay)
Last 1.7¢		Change 0.001(6.25%)		Mkt cap ! $52.87M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.5¢	$102.0K	6.172M

Buyers (Bids)

No.	Vol.	Price($)
2	615000	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	980592	1

View Market Depth

No.	Vol.	Price($)
1	70000	0.017
9	2345317	0.016
48	10809361	0.015
13	2291049	0.014
7	2633923	0.013

Price($)	Vol.	No.
0.017	1010592	2
0.018	3062774	10
0.019	3659762	9
0.020	1712926	15
0.021	1397619	3

Last trade - 16.10pm 16/07/2024 (20 minute delay)

ADN (ASX) Chart