ADN 0.00% 1.7¢ andromeda metals limited

suv is 40 mil cap it was 20mil cap 6 months ago working and no...

  1. 62 Posts.
    lightbulb Created with Sketch. 7
    suv is 40 mil cap it was 20mil cap 6 months ago

    working and no Div or profits

    adn is not developed not running and still and idea
    its 60 mil at 2 cents
    180 mil at 6 cents

    suv is 40 and running…………
    and yes they are not profitable hence struggling with cap and wages

    money equals wages in business terry
    like oxygen for us , a company can’t trade insolvent

    that’s illegal that’s no cash to pay wages at all

    the company in last quarter turned over 6 mil
    that’s before cost obviously…..

    6 mil running mine as I’ve said in past , it’s Australia, wages logistics etc , 4.6 bill market world wide 600million usa only…..

    the market is not their for kaolin clay , unless it’s nano tubes or white dunnies, it’s those numbers and wages on adn team 6 mil will not cut it

    so we’re is this market , you only have 1 planet
    who buys it from that location in quantity

    who lends it at 60 mil cap when 50 mil for production already burned and their is running kaolin mines in aust that are between 20/40 mil cap

    Nano tubes terry monorail marsh plan that’s does not exist anymore its a clay mine now

    6 mil turn over competition by the way from adn will spread those clients and cost will fall because world market not big , every new mine is pressure on system

    products not critical and too small market for gov to care
    That’s all been obvious day one hence the easy shorts


 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
0.000(0.00%)
Mkt cap ! $52.87M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $32.30K 1.854M

Buyers (Bids)

No. Vol. Price($)
56 17807705 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 720129 5
View Market Depth
Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.