ADN 5.26% 1.8¢ andromeda metals limited

ADN Site Visit Confirms Major Upside Potential, page-171

  1. 5,032 Posts.
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    There is no chance that MEP ‘sinks’ - it is Solid .
    Just with ultra polite , naturally steady , older wiser & careful strong management , who also never spruik .
    These are the original guys who , really , helped or made Oz minerals. (OZL - who also hold some MEP & have them as their exploration geological scouts in the greater Cloncurry/ Mt Isa region looking for Ernst Henry style elephants )

    Hence - in a circuitous route , OZL also had a part in original tenements now with ADN. OZL also owns a % through MEP .
    MEP also has longterm loyal holders , though they could , would feel annoyed with the shareprice lapse in recent years , they’ve mostly done well in every capital raise and with given tax credits . Many will have a pattern of selling down shares to take up the cap raise offer ? I know I’ve done this in the past .
    Last year was very annoying as the shareprice dropped after the capital raise ! ( and comments by the chairman which indicated be some delay expected from Oz Min in further drilling at the Cloncurry main discovery - all totally in OZL hands as to timing , and an indication via options rolled forward that be until Oct this year before re- test of sub 10c levels again)

    Longtermers know that the Minotaur board , think years out - decades really .
    The to -be fruition of all , you can see ahead in the next years.

    The last test down which held above 4c ( on longerterm chart ) shows the final turnaround is in place - TA , as well as definitely on fundamental holdings. It’s just that the market ain’t seeing what is going on there .. but with shared value held here .

    And this is what I meant !
    **Literally at risk = 25% of ADN & MEP’s combined very valuable project with all of the huge work that has gone into it -including in the past groundwork by Minotaur , and JM now . Too much has gone into this under his helmsmanship to see such a disparity .

    Minotaur is being manipulated . They even are cashed up !
    MEP is the easier , latent fry right now . ? Can see .

    It isn’t actually good at all . It will be good to get past today - and the last of the shareholder equal terms as weeks ago , capital raising.

    Surely—- **Phone calls should be made ?? **
    Even if someone were selling and the evidence isn’t there for this today , the Chairman & CEO’s should be onto this .

    Cheap shares of effectively the Great White Project are potentially a drag , and at worst give a leg up to an acquirer ?

    On another level - it is interesting. But it’s bad also for Andromeda. ( and the nett real worth of what a Minotaur holds and has as created NPV)
    Last edited by Aqua65: 17/09/20
 
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1.8¢
Change
-0.001(5.26%)
Mkt cap ! $55.98M
Open High Low Value Volume
1.7¢ 1.9¢ 1.6¢ $168.5K 9.681M

Buyers (Bids)

No. Vol. Price($)
3 1280465 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 3304877 14
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Last trade - 16.10pm 01/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
1.7¢ 1.9¢ 1.6¢ 5711757
Last updated 15.59pm 01/05/2024 ?
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