In my view ADY weakness down to a number of factors including, but not limited to...
- unclear if ADY has all necessary bank funding confirmed; and it is getting harder to obtain.
- sheer number of shares on issue (soon to be resolved)
- ADY not yet producing lithium or potash, though hopefully only a few months away.
- will lithium price stay high. Unclear to me if other producers can ramp up production at short notice to fill any increased demand.
- general market nervousness re "specs"
- everyone knows that mining shares, incl ADY, will get smashed the next time Wall St tanks, which at the moment is every few days...
Conclusion - may well be considerable period before SP settles
commsec analysis, page-5
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.03M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1090000 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 216360 | 1 |
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| Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
| ADY (ASX) Chart |
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