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4.55%

2.3¢ andromeda metals limited

ADN Site Visit Confirms Major Upside Potential, page-110

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Rabsie

515 Posts.

56

05/08/19

10:51

Post #: 39858349
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Originally posted by wombat777: ↑

When I look at stocks I think about timeframe for a position that will get me to a $1M holding. That kind of amount can be life-changing. The earlier you build a position the better.

That's why I spend so much time looking at resource potential and associated share prices. I then size my position with the above general goal in mind. The earlier you can understand potential before a resource or scoping study is released the better.

Very difficult analysis to do for a stock like ADN because their resource and their strategy is so unique.

Very easy to do this type of analysis for gold stocks - if you can get a feel for size of resource that will be defined. Nearology, historic exploration results can be helpful for this early analysis. Easier if the company has an exploration target or there is strong nearology. You need to learn what to look for and you also need to understand significance of exploration results.

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"get me to a $1M holding" .thanks Wombat that's about where I'm at using your projections for future value. My projections are a bit more optimistic, haha .

I wasn't sure how far to take my holdings, I've been happy with what I have for some time.

Last edited by Rabsie: 05/08/19

ADN Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $71.53M

Open	High	Low	Value	Volume
2.2¢	2.4¢	2.1¢	$440.2K	19.15M

Buyers (Bids)

No.	Vol.	Price($)
2	174773	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	924651	8

View Market Depth

No.	Vol.	Price($)
2	174773	0.023
5	2617112	0.022
13	1770504	0.021
14	2090500	0.020
9	2775000	0.019

Price($)	Vol.	No.
0.024	924651	8
0.025	3674548	17
0.026	2482323	12
0.027	473000	6
0.028	850000	3

Last trade - 16.10pm 18/07/2024 (20 minute delay)

ADN (ASX) Chart