ASE 0.00% 2.8¢ astute metals nl

floodgates, page-29

  1. 1,715 Posts.
    ADO 1st tranche shares issued back in Nov, 2nd trannche approved on GM on 22 Jan. 2 weeks before the GM on 22 Jan, ADO released a significant ann that took heads' SP from 0.7c to 10.5c in 2 days & oppies from 0.1c to 7c in 2 days. Then 2nd tranche shares approved & issued & presumably already out by now still making huge gains.

    Not saying we'l be looking at the same magnitude of gains & a significant ann could be either before GM or after GM. However, the strcuture here is pretty similar that u can certainly find some clues about. I will be watching out for a "Notice of EGM" ann in coming days or even better more acquisitions. In the meantime, looks like we may have some ST pain while the accumulator plays more games.

    Happy holding & quite confident of the medium term potential here. Plus, the company did say they'l try to get the GM underway as soon as possible

    GL
    JL
 
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