ADN
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11.1% 1.6¢ andromeda metals limited

MEP only had 2.2 mil in the bank at the end of 2019, has 2 loans...

  1. arsenal54
    261 Posts.
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    19/03/20
    09:20
    Post #: 43574691
    MEP only had 2.2 mil in the bank at the end of 2019, has 2 loans (about 1.2 mil), 900K is their planned qtrly expenditure without loan repayment or director fees. Trying to raise funds for a spec stock in today's environment , will be bloody hard, Cannot really see how they will have the money to contribute the 25% if ADN decides to mine, especially now.
    Last edited by arsenal54: 19/03/20
    ADN Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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