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($) | Vol. | No. |
---|---|---|
0.8¢ | 15121534 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 18847302 | 0.007 |
56 | 19846945 | 0.006 |
33 | 16133693 | 0.005 |
11 | 10893002 | 0.004 |
7 | 11448333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 15121534 | 18 |
0.009 | 16472544 | 17 |
0.010 | 8977806 | 12 |
0.011 | 14387431 | 7 |
0.012 | 13774699 | 8 |
Last trade - 15.43pm 18/09/2024 (20 minute delay) ? |
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