I am not defending the management or spruiking the stock by any means, however, the above comment is either deliberate misinformation or plain ignorance. There is a binding offtake agreement in place with a multibillion-dollar minerals trading house, which will have verified the commodities in question for on-sale to its own ledger of customers. That's hardly an unusual arrangement.
The usual conditions and force majeure clauses will apply, as with any BOA, and it's certainly true that sales do not guarantee capital financing. But to suggest there are no sales and "no real offtake" is just nonsense.
- Forums
- ASX - By Stock
- ADN
- Ann: Prospectus - Capital Raising
Ann: Prospectus - Capital Raising, page-130
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $30.54M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $22.74K | 2.788M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 12668989 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 22835958 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 12668989 | 0.008 |
29 | 17769034 | 0.007 |
18 | 10813123 | 0.006 |
8 | 7425000 | 0.005 |
1 | 4500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 22835958 | 21 |
0.010 | 24754328 | 14 |
0.011 | 16993479 | 8 |
0.012 | 23711434 | 9 |
0.013 | 2351111 | 6 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |