The current share price is way too low given the potential of this company. I will be looking forward to the mining lease approval coming through and any BOA's.
What really worries me is the potential for a take over. Drive the price down and then pounce. It's a real possibility. In part it reminds me of Bellamy's a few years ago. Private equity companies are very good at this. The saving grace may be the level of retail ownership but that can also work the other way.
Keeping things in perspective I still hold faith in ADN and giving there's been no change in fundamentals the worm will turn.
In the words of William Wallace - Hold Hold Hold.
GLTAH
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $1.877K | 111.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2551194 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1960170 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |