With the share price at current levels and the history of mismanagement in ADN I would expect the CR to be done at significant discount, somewhere around 1.2-1.3c raising maybe $5 million.
This will be just to keep the lights on.
Possibly coupled with scaling down the operations and cutting costs.
This will allow the BOD to keep getting paid well while the project is going nowhere.
Ann: Trading Halt, page-39
-
- There are more pages in this discussion • 117 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $13.76K | 1.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 17425801 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 16335345 | 19 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |