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0.8¢ andromeda metals limited

Ann: Results of Meeting, page-3

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GIGAChad

4,962 Posts.

869

22/11/23

20:31

Post #: 71052880
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Originally posted by bottle: ↑

Surprisingly the extra 10% placement facility didn't achieve the required 75% approval.

Obviously funding will now require more debt and less share issuance - perhaps making an incoming cornerstone much smaller. It likely means a larger rights issue to current s/holders.

Surely Traxys, will fill the whole 15% allowable share placement. I cannot see shorters getting their grubby paws on a single share (unlike the 15 cent placement using TC's a couple of years ago) as there won't be a public placement.

Unless I'm missing something - which well I might be - the shorters will have to buy back on market over the next few months. Or is there something I've overlooked. Always happy to be corrected.

(Gosh that lingerie video ad is distracting).

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I'm willing to bet that within 12 months Traxys will have neither taken part in a placement or provided any sort of finance to ADN

loser leaves this forum and never posts again, deal?

ADN Price at posting: 2.3¢ Sentiment: Sell Disclosure: Not Held
5 Upvote

2 Great analysis

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(20min delay)
Last 0.8¢		Change 0.001(7.14%)		Mkt cap ! $25.45M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$6.343K	818.0K

Buyers (Bids)

No.	Vol.	Price($)
60	20238949	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	12631017	25

View Market Depth

No.	Vol.	Price($)
60	20238949	0.007
51	21089141	0.006
28	14731122	0.005
8	10525000	0.004
6	19278333	0.003

Price($)	Vol.	No.
0.008	12631017	25
0.009	15782560	15
0.010	8936966	12
0.011	14267431	6
0.012	13520921	6

Last trade - 11.31am 27/09/2024 (20 minute delay)

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