Well I'm out. Utterly disappointed as to how all this has unfolded, and thankfully I was forced to sell the majority around 24c. I've tried to stay optimistic (maybe in denial) but red flag after red flag has ended my time here.
There will be an attempted spin on tomorrows investor update, but who could honestly trust them now? There may be genuinely good reasons why the initial capacity is lower - capex escalation, aligning demand to supply to minimise costs etc, however the fact that it was (to me) hidden in another announcement that wasn't price sensitive was the final straw. Once I lose faith in management and a new board then my money is better off elsewhere. I now have no faith that the supposed BOAs will be realised, and I certainly don't believe a thing about concrete or CC.
With the dow also potentially in for another hammering tonight it's best I preserve my cash.
Disappointed but lessons learned, to all those holding this is all my opinion only and I certainly wish you better fortune and better management going forward
Well I'm out. Utterly disappointed as to how all this has...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.7¢ | $50.25K | 2.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9963 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1928134 | 9 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 7153233 | ||
| Last updated 15.53pm 26/04/2024 ? | |||||
| ADN (ASX) Chart |