ADN
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6.25% 1.7¢ andromeda metals limited

Roy,VG bought into ADN prior to it's inclusion in the All...

  1. SSPPMM
    1,120 Posts.
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    21/07/21
    09:18
    Post #: 54648524
    Roy,

    VG bought into ADN prior to it's inclusion in the All Ords.

    In fact I'll hazard a guess here and say it was to push the SP up to ensure ADN was included in the All Ords thus enabling shares to be loaned for shorting.

    Stage 1 of Plan A was complete.

    So 60 million shares shorted at an average sale price of say 30 cents and covered by a guaranteed placement at 15 cents. There's a lazy $9 mill.

    Very easy money.

    The stench is becoming more odious.
    ADN Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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1.7¢ 980592 1
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
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