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
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $59.09M |
Open | High | Low | Value | Volume |
1.7¢ | 1.9¢ | 1.7¢ | $25.83K | 1.431M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4347850 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.9¢ | 3045798 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 3997850 | 0.017 |
41 | 8722377 | 0.016 |
21 | 3614050 | 0.015 |
6 | 1815687 | 0.014 |
4 | 2676923 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 2303669 | 14 |
0.020 | 6143093 | 20 |
0.021 | 3549580 | 6 |
0.022 | 635454 | 4 |
0.023 | 1940218 | 7 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
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Change
0.001 ( 2.86 %) |
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Open | High | Low | Volume | ||
1.8¢ | 1.8¢ | 1.8¢ | 263596 | ||
Last updated 15.56pm 03/05/2024 ? |
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ADN (ASX) Chart |