ADN 14.3% 0.8¢ andromeda metals limited

ADN pre-DFS target of $0.26 to $0.35, page-278

  1. 11,249 Posts.
    lightbulb Created with Sketch. 29637
    Thanks.

    My current thinking is DFS upside will be 50% to 100% on PFS numbers. The calculation for this (and much more detail) was in this post:

    https://hotcopper.com.au/posts/49217984/single

    Screen Shot 2020-12-27 at 1.55.29 pm.png


    Here's the current price trajectory, with some new annotations:
    • I anticipate ASX300 entry 15 March. In 2018 and 2019 the rebalance was effective the 3rd Monday in March ( ASX300 rebalance was postponed for March 2020)
    • Price trajectory suggests a share price range $0.375 to $0.465
    • What's not clear is whether DFS will be released before or after the ASX300 rebalance
      (I think after is more likely)
    On previous versions of this chart I had the conclusion DFS would be released by 1 April.


    Screen Shot 2020-12-27 at 2.27.34 pm.png
 
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