ADN 5.56% 0.9¢ andromeda metals limited

I was a fan of this stock from the early days thanks to IR guy...

  1. 1,623 Posts.
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    I was a fan of this stock from the early days thanks to IR guy Peter Taylor.

    I sold out on the 17 March NR. IMHO it was a disaster. Other big holders shared my view. (See chart below.) We did not think at the time that it would provide ammunition to shorters. I think management is to blame for tacking on negative information to what was an otherwise positive NR about a small BOA. Why was there a need to muddy the waters about what might be included in the DFS? I suspect lots of people who have bought post SS & PFS do not know the economics/process for DSO. Management hyped the concrete application, used it as an excuse for delaying the DFS (twice) and then told us it would be part of a separate PFS!

    There's nothing to do but wait for: the DFS to clear up misunderstandings etc e.g. what role dose DSO play in early production; news on HPA; concrete; and nanotech.

    (I now hold MEP because 50% ownership of Natural Nanotech PL provides additional blue sky.)

    https://hotcopper.com.au/data/attachments/3129/3129809-0e896dd81035f8fec412fee86fc6d5af.jpg
 
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Last
0.9¢
Change
-0.001(5.56%)
Mkt cap ! $28.84M
Open High Low Value Volume
0.8¢ 0.9¢ 0.8¢ $23.35K 2.793M

Buyers (Bids)

No. Vol. Price($)
44 16249963 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 25873721 28
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Last trade - 10.37am 04/09/2024 (20 minute delay) ?
ADN (ASX) Chart
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