ADN 16.7% 0.7¢ andromeda metals limited

some midnight thoughts:looking at the shares traded in total it...

  1. 139 Posts.
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    some midnight thoughts:
    looking at the shares traded in total it seems there is just not enough volume to move the price.
    no investors, just traders presently ?
    on the other hand we hold quite well in recent market volatility.
    what is the short-quota doing ?

    if jm does not plan to dilute any further, that means as well we will not have a new cornerstone-investor to finance and speed up bluesky-projects. impact on valuation thus only long term.

    as long as we do not have enough data to do a "wombat-calculation" for the "bread and butter" business, we are in nowhere-land.

    i still have to get used to the new company-build-up logic and conclusions, i have to confess.
    have to put adn into a different drawer in my portfolio, together with some other stocks.
    no topping up in that drawer possible, keeping cash for cyclical recoveries " after-war and "after-covid"
    not selling however.

    if those thoughts are true for others as well, it means adn will have to attract a different type of investors. that would explain low volumes atm.

    any thoughts ?

    long for longer
 
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Last
0.7¢
Change
0.001(16.7%)
Mkt cap ! $24.00M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $4.903K 748.1K

Buyers (Bids)

No. Vol. Price($)
24 17955019 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 9103740 27
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
ADN (ASX) Chart
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