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11.1%

0.8¢ andromeda metals limited

desperados situationinsiders must be dumping on top of each...

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pakkham

12,644 Posts.

658

27/08/24

15:05

Post #: 75397201
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Originally posted by amb005: ↑

Yeah possibly, poor guy was a top holder through all the crap and now maybe exiting at lows, so much for a nice retirement, should of held this management more accountable.

More probable though its the market realising, that the second half of the placement is very very unlikely to get taken up by holders. Not only would holders be the last people to trust this management with the years holding and watching the price just continue to sink whilst they pay themselves millions of dollars, they can buy on market for around 30% less than placement price.

If they dont get money from the placement, means they only going to raise from the sophs which was $3.4 mill, which is just enough to pay themselves for another year before turning off the lights.

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desperados situation
insiders must be dumping on top of each other
requesting ADN to be SUSPENDED

ADN Price at posting: 0.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $27.14M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.8¢	$192.7K	22.27M

Buyers (Bids)

No.	Vol.	Price($)
50	22482118	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	8145926	2

View Market Depth

No.	Vol.	Price($)
49	22362118	0.008
20	10228252	0.007
10	7916666	0.006
8	7525000	0.005
2	500248	0.004

Price($)	Vol.	No.
0.009	8145926	2
0.010	34009370	29
0.011	28468381	15
0.012	32217099	16
0.013	2839245	11

Last trade - 16.10pm 28/08/2024 (20 minute delay)

ADN (ASX) Chart

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