Ann: Andromeda signs another Binding Offtake Agreement, page-109

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12/08/22

21:01

Post #: 63088648
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Originally posted by redapplecarts: ↑

Hi @Junhaus11. First, as much as you can tell from HC, you and many other ADN holders appear to be decent folk, and I wish you the best.

I don’t want to become one of the people that really annoyed me, ie a non-holder stating the obvious. I only posted, because pasdec asked what it would take to change people’s sentiment.

I suppose, as you said, the SP drawing could be dismissed as hubris. However, to me it was the rotten cherry on a stale cake. There were many bad ingredients in the cake that I won’t discuss, as revisiting them will only set me up to become that annoying non-holder.

I will say this though. Imagine you were the MD/CEO, and your DFS was imminent, and you knew, or at least strongly suspected, that the post-tax NPV would come in below the mkt cap. Would you publish a slide with what amounted to a forecasted massive share price re-rate, at an uncertain time when many LT holders were nervous? I don’t think you would.

You are right, by the time certainty is achieved, much of the upside would’ve been priced in. But if you don’t trust management, then you shouldn’t invest in that company. I’ve always said that. I lost my trust in ADN, so I sold. And only action, not words, will change my sentiment. The small BOAs only further reduced my confidence in ADN. If they do a big CR, after JM said words to the effect that many banks were knocking on his door, then I'll stop following ADN altogether, as I wouldn't touch it under any circumstances after that.

Maybe I am an aberration, or maybe I am representative of the sentiment of non-holder’s who still follow ADN. I don’t know.

Finally, IMHO, loyalty is never rewarded, only punished.

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And yet you ramp IBG.

ADN Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $55.98M

Open	High	Low	Value	Volume
1.7¢	1.8¢	1.7¢	$12.03K	671.4K

Buyers (Bids)

No.	Vol.	Price($)
15	4021597	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	200588	2

View Market Depth

No.	Vol.	Price($)
15	4021597	0.017
41	9297462	0.016
22	3648050	0.015
7	2015687	0.014
4	2676923	0.013

Price($)	Vol.	No.
0.018	200588	2
0.019	3279049	18
0.020	6143093	20
0.021	3549580	6
0.022	635454	4

Last trade - 12.22pm 03/05/2024 (20 minute delay)


Last 1.8¢		Change 0.000 ( 0.00 %)
Open	High	Low	Volume
1.8¢	1.8¢	1.8¢	228000
Last updated 12.31pm 03/05/2024 ?

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Ann: Andromeda signs another Binding Offtake Agreement, page-109

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