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2.94%

1.8¢ andromeda metals limited

Ann: Results of Meeting, page-3

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GIGAChad

4,913 Posts.

853

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 1.8¢		Change 0.001(2.94%)		Mkt cap ! $55.98M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.7¢	$36.87K	2.051M

Buyers (Bids)

No.	Vol.	Price($)
27	12574610	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	39731	2

View Market Depth

No.	Vol.	Price($)
27	12574610	0.017
49	10232836	0.016
26	12480485	0.015
7	2138544	0.014
5	3676923	0.013

Price($)	Vol.	No.
0.018	39731	2
0.019	3836925	15
0.020	2892570	21
0.021	4330830	7
0.022	1930273	9

Last trade - 13.28pm 13/05/2024 (20 minute delay)


Last 1.8¢			Change 0.001 ( 2.23 %)
Open	High		Low	Volume
1.8¢	1.8¢		1.7¢	663266
Last updated 13.09pm 13/05/2024 ?

ADN (ASX) Chart

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