ADN 12.5% 0.9¢ andromeda metals limited

Ann: Annual Report to shareholders, page-29

  1. 95 Posts.
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    correct, it’s been a well played asx lifestyle play
    black and white , asx and asic said only last week
    34 percent of asx is zombie companies after the ridiculous covid run and rorts , not saying this is the case
    but the cap on this got way way ahead of itself
    the board clearly pumped it , but that’s life the board are humans they looked after themselves and made millions
    you are correct this ran on the tech side of this story
    they don’t have that much clay to cover past market caps
    if it’s just clay this will not go far from 3.5 cents .
    the way the asx works it favours boards they did there job and Been massive rewards for it that’s how system works as shareholders u have to get out when board are getting overs and price starts to fall , that was ten bags ago .
 
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