I see ADN as a possible takeover target. Research reports have ADN in the teens and with the new DFS and BOA's those figures should be revised and higher. I believe debt funding is a given, cornerstone investors and strategic partners such as Hallet Group going forward will prevail.
The stock is way oversold and manipulated through shorting. ADN should see a major correction as the above comes to fruition. ADN is a near producer and close to the surface product that is in a AAA location. The other ADN heading of ADN Capital Raising from a non holder doing one post is so ridiculous. I am expecting ADN to jump like IMU and hurt shorters in a similar fashion.
I am not posting under that heading. To say I would sell because they are doing a cap raise is garbage. Not happening now, as Binding Offtakes with favourable terms and extra orders will assist an upgrade to first stage capacity as a priority. Then Debt and Cornerstones. 70M market cap is a steel, check out the expert valuations and we could see smart money make buying and a possible takeover. DYOR.
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 3000000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.020 |
4 | 237117 | 0.017 |
6 | 959278 | 0.016 |
20 | 5974067 | 0.015 |
9 | 1586030 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3000000 | 2 |
0.013 | 4500000 | 3 |
0.014 | 1850000 | 3 |
0.015 | 1429478 | 2 |
0.016 | 1473022 | 3 |
Last trade - 16.12pm 19/08/2024 (20 minute delay) ? |
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ADN (ASX) Chart |
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