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7.14%

0.8¢ andromeda metals limited

Thanks for this Wombat, and thanks for all ur work pre merger as...

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Lplater8

40 Posts.

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22/03/22

09:48

Post #: 60334025
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Originally posted by wombat777: ↑

Sharesight may post an article on how to handle this to their blog. They have done this in the past for other demergers and mergers (they include a proviso that professional tax advice is sought).

I may decide to sell my Demetallica holding at some point post-IPO. I need to see how Demetallica plans materialise for moving some of these assets towards development. We may get better insights into timelines for this once the IPO documentation is available.

I'm planning to gradually trim my post-merger personal holding of ADN by 10% to 20% over a 12-18 month period. For me this balances capture of upside as ADN progress into production with some profit-taking and spreads my tax burden across a number of financial years. Plan is to use of some of my capital for home/property improvements.

I'd still like to invest some of the funds in one of my Super accounts into ADN after ASX300 entry (September at the earliest if market sufficiently re-rates ADN). Would trim some of my existing dividend holdings. I already have an ADN holding in my SMSF.

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Thanks for this Wombat, and thanks for all ur work pre merger as well, it was much appreciated. cheers

ADN Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.001(7.14%)		Mkt cap ! $23.75M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$6.497K	906.1K

Buyers (Bids)

No.	Vol.	Price($)
33	18901996	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	11472247	20

View Market Depth

No.	Vol.	Price($)
34	19022526	0.007
56	19846945	0.006
33	16133693	0.005
10	10825000	0.004
7	11448333	0.003

Price($)	Vol.	No.
0.008	11472247	20
0.009	16572544	18
0.010	9007806	13
0.011	14387431	7
0.012	13774699	8

Last trade - 11.23am 18/09/2024 (20 minute delay)

ADN (ASX) Chart