ADN 5.56% 1.7¢ andromeda metals limited

Based on the ability to raise via a rights issue coming up short...

  1. 121 Posts.
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    Based on the ability to raise via a rights issue coming up short of the required funds we are down to some sort of funding deal with offtakes from a buyer of product . My thoughts on this is with JM anywhere near the wheelhouse nobody will touch it . The performance issues he demonstrated whilst he ran the company weren't good and will have been seen by those who he has previously dealt with or worked for . I personally wouldn't write a cheques for any funding for ADN with him involved in management on this basis . My shares are getting salted to go to the bottom drawer . I'm down over 75% on my entry price but just can't sell in the hope it turns out different
    Last edited by mustangsallynz: 30/09/23
 
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