ADN 7.14% 0.8¢ andromeda metals limited

I see ADN as a possible takeover target. Research reports have...

  1. 2,033 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
0.8¢
Change
0.001(7.14%)
Mkt cap ! $25.45M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $6.536K 911.3K

Buyers (Bids)

No. Vol. Price($)
38 18847302 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 15121534 18
View Market Depth
Last trade - 15.43pm 18/09/2024 (20 minute delay) ?
ADN (ASX) Chart
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