ADV 0.00% 13.0¢ ardiden ltd

The way this is going, they are probably going to do many more...

  1. 245 Posts.
    lightbulb Created with Sketch. 5
    The way this is going, they are probably going to do many more placements and soon! Hungry projects and big costs for admin etc.. Not sure the share price will do anything from here. Technically the chart is telling me it's all over, and expect a retreat to under 3 cents. Hope I am wrong, but it looks quite ordinary. I think the belief is that they can and will raise money when they need it. Next time they might really be running low, and the market price might be well below current. I am expecting the usual market cap blow out, which always diminishes the upside.
 
watchlist Created with Sketch. Add ADV (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.