I've gotta say that I see things very differently to most posters on this thread. Most posters seems to believe that when the takeover of MEP completes, ADN will almost immediately release a handful of fantastic announcements (glowing DFS etc), shorters will get badly burned, ADN share price will rally strongly etc.
I see it quite differently. I see an additional 600 million ADN shares issued which will provide liquidity for shorters wanting to cover.
I also see the pressure increasing markedly on ADN to deliver. Distractions like the issue of the mining licence, the takeover of MEP etc will be in the rear vision mirror. ADN's market cap (at $0.19 per share) will be $600 million plus!
It will finally be time for ADN to deliver and I just hope for the sake of all the small retail shareholders that they don’t disappoint.
GLTA & DYOR
General comments/chat, page-30975
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.42M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.1¢ | $73.39K | 3.354M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1285067 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 348912 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |