Australia's largest stock trading and investment forum Australia's #1 stock forum

ADN

Click for more information

11.1%

0.8¢ andromeda metals limited

It doesn't bother me personally, except there is no need to...

First 36806 Last

Share
Profile

Follow
SignOfTheTimes

2,019 Posts.

1280

21/11/22

18:11

Post #: 64901071
Share

Originally posted by TerryGl: ↑

It is my view that anyone doing their due diligence on ADN will not buy in until after the share consolidation.

Historically consolidations never end well. Its our coin that get bashed/diluted not the free shares and options management hold.

Mum and Dads often after a consolidation don't even end up with enough shares to trade with.

I have been thru one where it was 80:1. You can imagine what that does to holding millions of shares (paid for with good hard earned money), especially when the end result was less than before it started.

The questions asked at the AGM took off the sugar coating and revealed a lot more truth as to what has happened in the past. Such as on the ship, off the ship, built, not built, testing to Australian standards and not our fault, it's the University.

This is the type of information that should have been divulged as many bought more shares based on the original announcements that have bee proven to be false.

Not happy at the moment and I believe I have good reason to be.

Expand

It doesn't bother me personally, except there is no need to waste money on corporate costs. When ADN is cash positive OK, but don't spend money in the bank on yadiyada

Pig is quiet. Beers with James?

Last edited by SignOfTheTimes: 21/11/22

ADN Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

EBR

EBR Systems' heart pacing device on-target to reach the US market

BOE

Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

GDP grows 0.2% in June quarter, but annual growth the slowest since the 1990s

SKS

SKS secures $20M for extension works on Melbourne data centre

There are more pages in this discussion • 7,774 more messages in this thread...

First 36806 Last

Add ADN (ASX) to my watchlist

(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $28.84M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$41.90K	5.004M

Buyers (Bids)

No.	Vol.	Price($)
48	20389609	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	25754769	25

View Market Depth

No.	Vol.	Price($)
48	20658385	0.008
36	19935825	0.007
16	8436332	0.006
10	8025000	0.005
1	4500000	0.004

Price($)	Vol.	No.
0.009	25873721	28
0.010	23754328	14
0.011	16213479	8
0.012	23591434	8
0.013	2351111	6

Last trade - 15.57pm 04/09/2024 (20 minute delay)

ADN (ASX) Chart