ADN 0.00% 1.7¢ andromeda metals limited

Hi All,I've collated all the holdings into a spreadsheet of...

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    Hi All,

    I've collated all the holdings into a spreadsheet of those that have been recently mentioned in the other thread (45 people), including the most recent Top20 I have seen. Even though it is all in the public domain, I don't feel it appropriate to share the sheet here.

    Not wrong that ADN is full of mostly retail at this stage, but that is where a great opportunity exists. This rings true for me on ADN:

    https://hotcopper.com.au/data/attachments/3191/3191289-92a4a9a16570a76c2de4058e22e3daf5.jpg

    Including Top 20 and those that have mentioned their holdings on HC, there's a total of approx 643,878,872 shares.
    Current SOI is 2,160,727,827.

    If these are in fact, in sticky holders hands until at least production, then the free float is getting tighter and tighter, and anyone trying to accumulate (potential institutions) or cover short positions is going to find it difficult without elevating the share price substantially.

    The power in a group of holders aligned with the same ideology to hold for dividends can/will play a vital role in a decent re-rate of the SP.
    It is all about how many buyers there are compared to sellers. If a large proportion of the float is locked away, that is where big increases in SP come about in fundamentally strong stocks.

    Should be a generational wealth creator, if:
    • Holders are sticky
    • ADN produces/sells at nameplate capacity with reported margins
    • Dividends are paid
    If you desire, feel free to mention your holdings below and I'll add them to the sheet.
    In no way is this financial advice to buy/hold/sell.
 
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Last
1.7¢
Change
0.000(0.00%)
Mkt cap ! $52.87M
Open High Low Value Volume
1.8¢ 1.8¢ 1.7¢ $100.6K 5.614M

Buyers (Bids)

No. Vol. Price($)
26 7644959 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 266561 1
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.000 ( 4.65 %)
Open High Low Volume
1.8¢ 1.9¢ 1.8¢ 2885837
Last updated 15.59pm 16/05/2024 ?
ADN (ASX) Chart
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