ADY 10.0% 1.1¢ admiralty resources nl.

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  1. 1,046 Posts.
    lightbulb Created with Sketch. 47
    Don't worry Golf as whenever anyone dumps any at 27c they are getting absorbed for now.
    I could be wrong but it appears to me someone with big pockets doesn't want them to go any lower. Could possibly be the big buyer who took out 29.5c yesterday & got absolutely dumped on for his trouble.
    Anyway we have big buyers & sellers trying to manipulate it to their own advantage.
    I like many here are waiting for the demerger & expect RLL to open at a premium price which will hopefully be a payback for the last few months of torture.

    I've never seen the ATO knock back a share consolidation or a division in a company before (ie. spinoff) though they may suggest the odd alteration to get it passed to their satisfaction. If somehow ATO don't approve the concept of both being done together I would wonder why ADY then wouldn't ask to just spinoff into 2 companies with all shareholders getting allocated half shares in each company & then tackle any consolidation issues later.

    Anyway, we'll see what happens but the future is very much brighter than recently so fingers crossed for constant good news.
 
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Buyers (Bids)

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4 802145 1.0¢
 

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Price($) Vol. No.
1.1¢ 706594 3
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Last trade - 15.29pm 30/08/2024 (20 minute delay) ?
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