ADN 11.1% 0.8¢ andromeda metals limited

Some very quick figures.. (dont have the time to find the exact...

  1. 24 Posts.
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    Some very quick figures.. (dont have the time to find the exact figures)

    MEP approx 500m on offer.

    1.15 MEP shares to 1 ADN share = 575mil shares.

    ADN approx 2.46bil shares, will become 3.035bil shares

    that is a dilution of approx 19%.

    Therefore to purchase 25% of GW Project and 50%NNT,
    we have paid 19% of & Mt Hope.
    Anyone saying we paid 100m for 25% of GW is incorrect.

    I wonder if ADN management hs done any figures to see if this is beneficial long term or are chasing short term revenue?
    Last edited by Mattyrock: 10/11/21
 
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