For all the technical nouse which is regularly spoken about with ADN, there isn’t much to show for it except a share price 75% lower than its post PFS highs. I don’t mean to be overly critical but which other way can the last 1.5 years be spun? The strategy was clearly wishful thinking. How did a company with such technical nouse get it so wrong?
IMO there is a happy medium between having technical expertise and someone who can read the writing on the wall and make the best of a challenging situation. Not knocking ADN as it clearly has some people with lengthy CV’s but I think retail investors far over exaggerate their investment thesis with ADN. I also see many in here ‘falling in love’ with something which is just a mineral in the ground and serves no purpose beyond that which can be monetised. The exuberance would be understandable if the share price was up 75% in the last 1.5 years, rather than the opposite.
For all the technical nouse which is regularly spoken about with...
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.7¢ | $128.2K | 7.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4315104 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3176605 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.8¢ |
Change
-0.002 ( 2.78 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.7¢ | 11502616 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ADN (ASX) Chart |