ADN 12.5% 0.7¢ andromeda metals limited

$26mil worth applied for is a good result and shows what...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 452 Posts.
    lightbulb Created with Sketch. 662
    $26mil worth applied for is a good result and shows what confidence holders have in the Company.

    What I still don't understand is that if there was such an oversubscription, why on earth wasn't the CR done at 16 or 17c? Would have made a massive difference in dilution, and would have won a lot more respect from shareholders. The discount to VWAP was too large as many have said before.

    Love JM and am here for his vision but another one or two of the board members are either out of their depth, or don't have the best interests of SH's at hearts. I sure hope the rest of what we need is funded through debt (which I believe it will be) so we don't have to go through this again.

    Anyway, I'm happy that this is over with and we can now look forward to the future. I remain hugely bullish on our prospects!
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
-0.001(12.5%)
Mkt cap ! $23.75M
Open High Low Value Volume
0.8¢ 0.8¢ 0.7¢ $14.34K 1.834M

Buyers (Bids)

No. Vol. Price($)
76 29116227 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 16375466 25
View Market Depth
Last trade - 15.59pm 30/09/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.