The two main drivers to the shorts burning are…
1) Sentiment
2) Anns
Sentiment at the moment is high, whereas when it hit its peak in SP last time, shorters jumped on board as the SP ran too high and it’s MC was just too high and they created FUD on these threads. Some holders took profits and shorters pushed it lower, and the rest is history.
Sentiment has returned to ADN, investors recognised it was massively underpriced for the stage of the project and potential of Co going forward.
Really not sure why they’re attacking now, as it’s so close to fruition and with the dropping of Anns, this will totally kill the shorters momentum and sentiment.
Great buying at present IMO!
General comments/chat, page-27998
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Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.6¢ | $170.0K | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2380000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3676164 | 10 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |