ADN 0.00% 0.8¢ andromeda metals limited

Ann: Webcast on the results of the 2023 DFS, page-38

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  1. 549 Posts.
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    Personally I hope it does not happen. It takes the shine off the ball for when we do start to see higher SP. And I am not that well versed on what would be the right amount of shares. I was with another company that did a 50:1. That hurt. I got out with a small profit 6 months later but 3 years all up for $1500 was not why I invested in that particular company.

    But looking at the amount of shares we have and the current low SP, to add cornerstone investors, I think ADN will need to consolidate. To what level I cannot answer Frog. Not enough experience in these things. Again I hope I am wrong but there must be a reason that no bank has yet jumped on board a project with so much quality resource and IP. Apart from the Covid Pandemic, Russian war and ridiculous interest rate hikes completely screwing up world operations and freight costs. ^^
 
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