ADN 0.00% 1.9¢ andromeda metals limited

No need for the emotion, I’m just a random poster with an...

  1. 9,232 Posts.
    lightbulb Created with Sketch. 4568
    No need for the emotion, I’m just a random poster with an opinion as much as everybody else. Admittedly I don’t profess to be an expert on ADN and there are others on here who are far closer to what’s going on given their significant holdings.

    Im well aware of the MEP takeover and followed it relatively closely.

    The reason I personally didn’t go long on ADN was the singular focus / resource. If the company failed to execute its strategy it was always at risk of the share price falling off an edge. Without a provable and economic resource, ADN is just another $100-$150m explorer attempting to bring something to production.

    Im not saying ADN won’t get there (and I sincerely wish holders well), but It’s just my own personal view that the potential reward wasn’t worth the risk (which so far has played out from ~45 cents back to 10 cents).
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.9¢
Change
0.000(0.00%)
Mkt cap ! $59.09M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 5229 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 2196624 10
View Market Depth
Last trade - 07.19am 26/04/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.