You have been correct about the MC of this company based on previous information provided by ADN. You get a gold ⭐️.
How will this change based on information we are going to get soon is a little difficult to predict until it happens.
I think it will be either zero if the numbers and assumptions are not realistic and don’t show the path to getting into break even at the first stage or somewhere a bit higher than now if it looks like it has a realistic chance of getting into production and not losing money at the first stage. Maybe MC around $150-200 million in such case before getting the funding sorted.
We are talking MC not share price.
Ann: Webcast on the results of the 2023 DFS, page-48
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $31.10M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.1¢ | 0.9¢ | $503.0K | 52.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4749269 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 17804638 | 18 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |