ADN 0.00% 1.7¢ andromeda metals limited

"Fundamentals are solid"oh.. but didn't someone just sell after...

  1. 921 Posts.
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    "Fundamentals are solid"


    oh.. but didn't someone just sell after a 2 year hold due to "pathetic fundamentals" when the company announced receipt of DSO LOI's totaling 60% more volume than we anticipated for a DSO operation? ..and all the 'massive distribution' that was apparently occurring as a result.. (though after 4 days the SP has not still not traded as low as the closing price prior to the release of that news)... maybe these buys going through today are those who aren't aware of the cost of shipping in 40ft containers biggrin.png

    Seriously though, solid fundamentals don't change just because of a retrace after a run. Decide for yourself how much of the longer term value should be priced into the SP today when we are potentially a year away from first production with minimal dilution required to achieve it.. obviously the market has its own opinion on this today.
    Last edited by ozemania: 22/08/19
 
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