Shorts were all over this as it was way overpriced and was due a pullback- just part of the cycle on the way to production. Not sure why they’re that interested now- can’t keep price down, Co is close to build/production and definitely undervalued for where it could be in 12-24 months.
Still liken this one to PLS, as it has a quality leader and desired & abundant product. This one may have a few more avenues to sales- with concrete being the Big One.
Shorts- ho hum- have tried to knock price down- not successfully, and as this nears production the price will be well north of here.
Always wonder who’s lending and why- and in this case I’d say so that they can continue to accumulate- as the shorts aren’t winning, and can’t see the Co doing the same mistake twice!
Enjoy the New Year all- I’ve come later to the party- but always wait till a Co ticks off more of its boxes- and ADN has really done that! Twelve months from here we’ll be a different Co- enjoy a few drinks!
General comments/chat, page-29643
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $11.41K | 684.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1912580 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2640443 | 5 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |