ADN 0.00% 1.6¢ andromeda metals limited

General comments/chat, page-16662

  1. 471 Posts.
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    "Happy for all the shareholders!!!! I still recalled during lastyear March when the pandemic hit, share prices crashed, I was thinking to cut losses, glad I held my nerve."
    This is very true for all holders, who did hold their nerves!Unfortunately my nerves broke back then. For all newcomers here on ADN, my story here is perhaps an educational example! If you are interested, please read my post as of
    Post #: 48568572


    > The Conviction To Hold : Extraordinary returns follow extraordinary discipline. Discipline in buying and selling, and maybe the most important one of all, holding.To take wombat777 words : "many of us watched our speculative portfolios drop around 50% in just 18 days ... so after stomaching that drop, those of us that held are now up almost 300% from that same starting point."

    Guess what other punter maybe took my position of 2 million shares at that time, perhaps it was @Pezz69, congatulation to him.
    Here again my conclusion at that time:
    Please don't give me any pity or call me a dumb man, I know it already !!
    My only consolation is that I kept at least a small part of my position in ADN (roughly 10 %) and increased my share in MEP at 7.2c the last days.

    I only repeat one sentence, I posted nearly more than 1 year ago :
    Directors of other (small cap) companies often sing the same tunes on their companies and take the same line in saying so, but one thing for me is sure, our directors will do so !!!
    For recall: At the Poochera project we have holloysite-kaolin, which is more of a specialised and unique type of kaolin. It's quite rare, and as a result has much higher value.
    But what is the difference in HPA purity price ? The following could be, but
    HPA pricing is based purely on buyer and seller negotiations with factors like physical characteristics and chemical composition impacting the final value. According to Altech’s Mr Tan:
    “It is not a commodity where you can look on LME [London Metals Exchange] and get a price. It is very specific to different customers and it is all very confidential and so on,”
    https://hotcopper.com.au/data/attachments/3007/3007255-22ac1bc6b0a1c34c6fdb3ca7e876a2f1.jpg


    So what is the conclusion for our situation now ?

    Let the BOA's roll in and then buyer and seller negtiations will fit well for our sp and mc, maybe together with NNPL news, I hope.

    All the above should do well for the rest of my ADN holdings together with my share in MEP, that I kept continously smile.png
    So further good luck to all holders, me included !
 
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