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1.7¢ andromeda metals limited

Ann: Results of Meeting, page-3

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GIGAChad

4,935 Posts.

860

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 1.7¢		Change 0.000(0.00%)		Mkt cap ! $52.87M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.7¢	$18.38K	1.022M

Buyers (Bids)

No.	Vol.	Price($)
39	7671556	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	269686	3

View Market Depth

No.	Vol.	Price($)
39	7671556	0.017
34	8623628	0.016
22	10314764	0.015
5	1219278	0.014
4	2776923	0.013

Price($)	Vol.	No.
0.018	269686	3
0.019	3730999	13
0.020	4956395	22
0.021	2939035	6
0.022	2063910	9

Last trade - 16.10pm 23/05/2024 (20 minute delay)


Last 1.8¢			Change 0.000 ( 1.13 %)
Open	High		Low	Volume
1.8¢	1.8¢		1.8¢	396032
Last updated 15.58pm 23/05/2024 ?

ADN (ASX) Chart