ADN 5.56% 1.9¢ andromeda metals limited

ADN TAKEOVER TARGET

  1. 2,005 Posts.
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    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.
1.9¢ 3045798 16
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.001 ( 2.86 %)
Open High Low Volume
1.8¢ 1.8¢ 1.8¢ 263596
Last updated 15.56pm 03/05/2024 ?
ADN (ASX) Chart
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