ADN

16.7%

0.7¢ andromeda metals limited

Slight clarification for readers. 1. ADN already have the mining...

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Whiddon3

3,030 Posts.

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22/01/23

07:24

Post #: 65815192
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Originally posted by newregime: ↑

I would like to share my thoughts on what has happened and about to happen before end of February-

1. Mining Licence to come in days/weeks not months.

2. ML will trigger 2 things

(a) Investors and corporates to buy shares after ML is issued and give a spike in the share price.

(b) BFS can be adopted. Funding.

3. New CEO Bob was more than a 3 month process and ADN was very lucky to get someone of Bob's calibre.

4. A very small window was available for Mick, James and Melissa to buy shares. This indicates a massive buy signal for new and existing shareholders.

5. An update on Carbon Capture plant in February after Uni reopens.

6. The All Ordinaries index is rebalanced once a year, on the third Friday of March. Two weeks notice is given to the market with the rebalance announcement being made on the first Friday of March. I think ADN will stay in the All Ords as the market cap will be over 262M. ie share price will be above 8.5c before end of Feb. The shorters are down to 8 million shares and have access to about 80 million shares. If ADN does not stay in the all ords, the shorters will not have access to these shares any more . I think the shorters want ADN to make the All Ords and try to make more profits in the next year. ADN share price will be volatile as ADN is on the road to becoming a producer.

7. ADN product HRM to make major steps in relation to the decarbonisation of concrete.

8. Carbon Capture decisions and possible joint ventures may come to fruition.

The coming weeks will be very exciting!!!!!! DYOR.

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Slight clarification for readers.
1. ADN already have the mining license.
ADN expects to receive the PEPR approval (Environmental approvals) which triggers FID and breaking ground begins.

ADN Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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

No.	Vol.	Price($)
23	17905019	0.006
42	27794558	0.005
13	9798750	0.004
8	13134995	0.003
9	16850498	0.002

Price($)	Vol.	No.
0.007	9103740	27
0.008	10683325	20
0.009	14461776	17
0.010	6608729	9
0.011	27266522	7

Last trade - 16.10pm 15/11/2024 (20 minute delay)

ADN (ASX) Chart

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