ADN 5.00% 1.9¢ andromeda metals limited

Ann: Trading Halt, page-293

  1. 214 Posts.
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    Warning - personal conspiracy theory (take it with a pinch of salt)
    - Shorting was used to bring the share price down to an attractive level for a raise - job well done.
    - The share price is now attractive for a raise - smart money moves in.
    - Shorts get bought back, elevating the share price in the process - smart money sells into this share price increase and makes very attractive returns.
    - News enters and then fuels further price action as the short selling pressure is release.

    Only a theory.

    Once the dust settles, I am most certainly looking forward to seeing the company progress to new heights - mining is around the corner!
    Best to focus on where we are going.
 
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