ADN
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11.1% 0.8¢ andromeda metals limited

Let’s assume a capital raise of $50m. With 14,000 shareholders...

  1. Goochmon
    108 Posts.
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    31/08/22
    16:33
    Post #: 63439561
    Let’s assume a capital raise of $50m. With 14,000 shareholders this equates to less than $4k each. If the shares are issued to only existing shareholders under a share purchase plan, no dilution for those that participate.. This would guarantee the future of the company for a very small cost to each shareholder.
    ADN Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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