My real concern is that ADN will have no choice but to raise at 5 cents in the very near future. Conversely, they will put a stop to drilling until the market gets better because they will just run out of cash. I do not believe a deal for Rover will happen in time before they run out of cash.
The only way they will entice capital raising at such low prices is to issue free options.
This will, in my opinion, drag the price slowly to a few cents if they do not do something quick smart.
Your thoughts?
company valuation, page-5
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Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.59K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8106342 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8773977 | 21 |
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| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |