ADN 6.25% 1.5¢ andromeda metals limited

that is exactly what i think the shorters are waiting for. if...

  1. 137 Posts.
    lightbulb Created with Sketch. 22
    that is exactly what i think the shorters are waiting for.
    if the market cap is close to the limit of exclusion from the index they will ride a massive short-attack to get it under the market cap limit. vanguard will have to sell .

    if we are well north of it, they will cover most of the volume.
    but what if the merger does not take place and adn falls below 20 again?
    assumed adn will need until end of feb to get to 90% in the second round, what will be done regarding dfs and rest of news flow? held back for another month ? i do not hope so.
    they will have to get away from the hurdle in feb.
    90% positive vote really seems high atm.how many holders from many years ago are mep-shareholders and just do not follow the investment closely. hope they can all be contacted and convinced.
    is there an option to vote " no" as well ?
    for the time being i am content with a range beteeen 20 and 25 before the next leg up comes in march .

    there is always a second level of thinking. as @THE loft often explains us.

    well, i hope, management is aware of these capital market games and acts accordingly.

    long for longer.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $46.65M
Open High Low Value Volume
1.7¢ 1.7¢ 1.5¢ $74.08K 4.641M

Buyers (Bids)

No. Vol. Price($)
29 9866927 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 40828 2
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.