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1.8¢ andromeda metals limited

correction first two words should have been:9 quarters

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lightbulbnz

951 Posts.

165

30/04/24

14:59

Post #: 73585974
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Originally posted by lightbulbnz: ↑

9 months is clearly not indicative of how long cash will last. surely everyone knows that if you read all the financial statements in the quarterly

it's not a joke / con. they had no option. the form required that the number to go in that box has to be equal to cash at end of quarter divided by net cash outgo in the previous quarter - even if it results in a stupid number

I suspect you know that but just in case:

- during last quarter ADN received a refund of $1.55m from the ATO, which had the effect of reducing the net outflow over the last quarter. this won't be repeated. it had the effect of artificially increasing the expected period (according to the required formula ) that the cash will last
- cash outflow will increase next quarter and beyond to purchase equipment

yes more funding is required. and again everyone knows that.

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correction

first two words should have been:

9 quarters

ADN Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.8¢		Change -0.001(5.26%)		Mkt cap ! $55.98M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.8¢	$134.1K	7.346M

Buyers (Bids)

No.	Vol.	Price($)
30	12618174	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	136415	6

View Market Depth

No.	Vol.	Price($)
30	12618174	0.017
37	13795387	0.016
22	5316448	0.015
5	1219278	0.014
5	3776923	0.013

Price($)	Vol.	No.
0.018	196415	6
0.019	2780476	8
0.020	5396638	23
0.021	3139035	7
0.022	2143910	10

Last trade - 15.11pm 21/05/2024 (20 minute delay)


Last 1.8¢			Change -0.001 ( 5.26 %)
Open	High		Low	Volume
1.9¢	1.9¢		1.8¢	7992868
Last updated 15.23pm 21/05/2024 ?

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