ADN 5.56% 1.9¢ andromeda metals limited

General comments/chat, page-168

  1. 1,360 Posts.
    lightbulb Created with Sketch. 2158
    After the massive volume moves that saw ADN run from .006 to 1.4 we have now settled to .009/1c with volume settling. Those who saw this as a great play jumped in and no doubt some jumped out especially traders who jumped on for the week or so heavy volume runs. ADN though will continue ticking boxes as they fast track towards production. Currently i dont see a stock at this low cap with the opportunity ADN has to move to production and make profits very quickly with first up DSO but with a low cost capex to get a dry processing plant up and running and in turn making very good margins selling dried ore at $500 a tonne. Once we get some serious numbers around the scoping study i expect the market to fully grasp what an opportunity this is for investors. With significant overseas interest in product and our MD having knowledge and contacts with these end users j expect to see some decent suppy/offtake agreements that will see ADN re rated heavily with a long term outlook of profits. Holding tight here.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.9¢
Change
0.001(5.56%)
Mkt cap ! $59.09M
Open High Low Value Volume
1.7¢ 1.9¢ 1.7¢ $25.83K 1.431M

Buyers (Bids)

No. Vol. Price($)
12 4347850 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 3045798 16
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.001 ( 2.86 %)
Open High Low Volume
1.8¢ 1.8¢ 1.8¢ 263596
Last updated 15.56pm 03/05/2024 ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.