ADN (ASX) General comments/chat

Originally posted by wallstreet2: ↑

Most CR are preceded by a pump of some degree by the broking "community" and typically they sell it down to and sometimes below the CR price.

However in this rare instance the opposite happened with a dump first (67%) and then a CR at the lows. The broking "community" have manipulated our BOD's minds and eventual decision to raise , out of necessity (which they brought onto themselves with poor judgement in the first place - hence we all got skinned as a result)

But now it is what it is , so lets all move on and focus what lies ahead.

Given that we had a huge dump preceding the CR and what is ahead of us with a number of milestones rolling out between now and early next year the upside potential in the SP is huge. And given that the broking community are not stupid , and like us , would realise the huge potential & upside, my hunch is that they will refrain from selling at these low levels and therefore , in my view the next big move in the SP is to the upside.
This view is also supported by TA with a double bottom forming and about to make an explosive move upwards , and the shorters will also join in buying back their shorts , lock in their profits and move to their next target.

ALL IN MHO , AND DYOR.

Expand

Very good conclusion imo:
"And given that the broking community are not stupid , and like us , would realise the huge potential & upside, my hunch is that they will refrain from selling at these low levels and therefore , in my view the next big move in the SP is to the upside."

Originally posted by Sk1nman: ↑

I hear what some of you are saying about being cautious as it may drop below 15 but I’d just think about the other side of the coin as well.

what if we get some good short term news that starts the recovery, there are plenty examples mentioned here.

what if the shorting does abate now? As they see no / limited opportunity going forward. Are they really gonna stick around to try and push another couple of cents out of this thing? If they do stick around it will have me a little concerned about what else they may know.

I get that it could be frustrating to pay 15 and then see it at 13 but at least via the SPP the money goes straight in the coffers and derisks us further. An undersubscribed SPP actual means we need a larger debt facility or worse case another CR at some point.

what if you miss out under 15? Have you got your orders I’m already it could be a fleeting dip if it occurs and the market will pile in.

I suppose it comes down to your longer term sentiment, if you don’t take part in SPP and don’t get to top up below 15 Or get less than you could have via SPP will you look back in 12 months and kick yourself...when the price starts to move up again and sentiment turns to the $1 party again will you start to buy on market in the 20’s?

for me it’s a good chance to average down and pick them up at a level I didn’t think we’d see again and also support the company with some direct funds so I will be taking part.

on second thought the BOD do appear useless besides James and Joe and I’m really angry that the SP has been smashed by the big boys and manipulated to this level so maybe don’t take part in the SPP....note to self if I keep telling everyone this I’m likely to get a larger subscription for myself

all IMO and of course we need to make our own calls that we can be comfortable with the consequences of at a later date.

good luck all.

Expand

And that's also very true:
"I hear what some of you are saying about being cautious as it may drop below 15 but I’d just think about the other side of the coin as well."

Perhaps both of you are on the right track !
To enlighten this I found somethink on Twitter:

So, with all discussion about SPP, think about it
but first have a nice weekend!

No.	Vol.	Price($)
52	15604918	1.7¢

No.

Vol.

Price($)

15604918

1.7¢

Price($)	Vol.	No.
1.8¢	512821	3

Price($)

Vol.

No.

1.8¢

512821

No.	Vol.	Price($)
52	15604918	0.017
28	6150667	0.016
14	3765158	0.015
4	1276428	0.014
3	1619230	0.013

No.

Vol.

Price($)

15604918

0.017

6150667

0.016

3765158

0.015

1276428

0.014

1619230

0.013

Price($)	Vol.	No.
0.018	512821	3
0.019	4049241	5
0.020	687160	9
0.021	1250000	3
0.022	708654	9

Price($)

Vol.

No.

0.018

512821

0.019

4049241

0.020

687160

0.021

1250000

0.022

708654

(20min delay)
Last 1.7¢		Change -0.002(10.5%)		Mkt cap ! $52.87M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.7¢	$162.8K	9.088M

General comments/chat, page-24249

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