Ppl are selling because the mkt cap is still $150mln....and it looks like their Kaolin will remain stranded in the ground. The plant is too expensive to build, transport is expensive, and binding off-takes for substantial tonnage haven't eventuated.
Selling will be exhausted eventually...and the stock will bounce....but the fundamentals of making a profit to justify the mkt cap are hard to envisage unfortunately.
Ppl are selling because the mkt cap is still $150mln....and it...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 500000 | 1 |
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| Last trade - 16.16pm 16/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |
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