ADN 13.6% 1.9¢ andromeda metals limited

As we enter into the last 11 weeks until option expiry, I think...

  1. 30 Posts.
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    As we enter into the last 11 weeks until option expiry, I think those waiting for the pressure on the share price to play out similarly to NVA may be disappointed, for a few reasons:

    The exercise price of $ 0.012 is significantly cheaper than NVA’s $0.032;
    There is only 70% of the options left to exercise, whilst at this equivalent point NVA had greater than 90% and more than 70% in the last 4 weeks alone;
    The options are more in the money vs NVA, so perhaps giving investors greater confidence about expanding their holdings;
    ADN has just over 12 months until production, so things are naturally going to heat up at any moment;
    Both have big news/events due shortly following the expiry of options: NVA and their resource upgrade, and ADN with their DFS, mining lease application and one would imagine BOAs.

    For disclosure and not cross promotion, I hold in both.
 
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Last
1.9¢
Change
-0.003(13.6%)
Mkt cap ! $59.09M
Open High Low Value Volume
2.1¢ 2.1¢ 1.8¢ $206.8K 10.50M

Buyers (Bids)

No. Vol. Price($)
15 7874401 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 582427 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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