ADN 0.00% 0.9¢ andromeda metals limited

Thanks for two decent postings, pre-open, on a Monday...

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    Thanks for two decent postings, pre-open, on a Monday morning.

    Yes, I'm lightly expecting the u DFS about next Monday. I'll probably hold regardless. If the outlook comes across as lukewarm there'll be such a rush for the exits it will be nearly impossible to get out (except for small holders).

    But we've been told to expect a similar - if not better - NPV than last time ($613m / currently above 18c per share). So our current market cap $80 is almost priced for failure. The asset in the ground is worth something regardless, and at some point ADN becomes ripe for a takeover offer.

    Will hold for the long term with 'great expectations'.
    Last edited by bottle: 14/08/23
 
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