The amount of money that ADN can raise through steps 1-5 is way under $10 million. Whether consolidation happens or not.
This will not result in ADN getting to production.
To get to Stage 1A (50ktpa) about $80 million is needed, to get to Stage 1A+ (100ktpa) a bit over $100 million is required.
If they try to do a CR without announcing secured funding ie just for keeping the lights on than significantly more than 20% discount will be needed to convince anyone to buy.
The amount of money that ADN can raise through steps 1-5 is way...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $10.93K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 18550853 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 31466854 | 24 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |